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City Report · NY

Latham

Pop. 13,802·73rd most expensive in New York·Rental market data updated monthly for Latham, NY
Median rent (all units)
$2,049/mo
Year-over-Year
Stable
Month-over-Month
+2.5%
vs US Median
+$84
Rising (Monthly)
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Most AffordableMost Expensive
Latham · $2,049
More expensive than 62% of US cities · National median $1,965/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $2,049/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$82,000/yr
Local median income
$104,899/yr
Based on the 30%-of-income rule using Latham's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,260
1 BR
$1,450
2 BR
$1,750
3 BR
$2,110
4 BR+
$2,320
Research median
$1,750/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$24,588/yr
At $2,049/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +2.5% MoM), not inventory.
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Demographics

Who lives here

Latham, NY is majority owner-occupied, has a large retiree population, has a median income above the national average, 48.4% of residents hold a bachelor's degree or higher.

Population
13,802
Median income
$104,899
Median age
41.7
Renters
37.6%
Age distribution
18.4%
22.5%
26.6%
12.3%
20.1%
Under 1818.4%
18–3422.5%
35–5426.6%
55–6412.3%
65+20.1%
Gender
47.6%
52.4%
Male47.6%
Female52.4%
Race & ethnicity
74.7%
White74.7%
Black4.1%
Hispanic2.5%
Asian12%
Other6.7%
Education (25+)
20.7%
26.6%
48.4%
No HS diploma4.4%
HS diploma20.7%
Some college26.6%
Bachelor's+48.4%
Housing tenure
62.4%
37.6%
Owner62.4%
Renter37.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Latham, NY has changed in 5 years

Income
$93,327 → $104,899
up 12.4%
Population
14,076 → 13,802
down 1.9%
Renter share
33.8% → 37.6%
+3.8 pts
Bachelor's+
42.1% → 48.4%
+6.3 pts

On the earnings side, the typical household in Latham, NY now reports about $104,899, up from $93,327 in 2021. The population has contracted by 1.9% since 2021, moving from about 14,076 residents to roughly 13,802. Renters now make up 37.6% of households, compared with 33.8% five years ago. College-educated residents now make up 48.4% of adults here, versus 42.1% in 2021.

Community

Discussions about Latham

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View Latham rent history (2015–2026) →
Salary vs rent

Can you afford rent in Latham on your salary?

At $2,049/mo, how Latham rent compares to typical pay (30% rule).

By apartment size

Latham rent by bedroom count

Median rent for each apartment size in Latham. Click any size for full breakdown.

Local insights

Tips for renters in Latham

About renting in Latham, NY

Last updated: July 20, 2026

The median rent in Latham is $2,049/mo as of July 2026. A studio apartment averages $1,260/mo while a 2-bedroom runs $1,750/mo. One-bedroom apartments average $1,450/mo and 3-bedroom units go for $2,110/mo.

At 23% of local median household income ($104,899/yr), Latham ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Latham an affordable city for renters?

Latham is considered very affordable for renters. At $2,049/mo, rent takes approximately 23% of the local median household income ($104,899/yr). The standard benchmark is 30%. Latham falls comfortably within that range.

How much income do you need to rent in Latham?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (~$39/hour full-time) to afford the median rent of $2,049/mo in Latham. The local median household income is $104,899/yr, meaning the typical Latham household meets that threshold.

Is rent going up or down in Latham?

Rent in Latham has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Latham rent compare to other cities in New York?

Latham is middle-of-the-pack for New York for rent, ranking #73 out of 126 tracked cities at $2,049/mo.

Which nearby cities are cheaper to rent in than Latham?

Several nearby cities have lower median rents than Latham ($2,049/mo): Watervliet ($1,471/mo), Albany ($1,611/mo), Clifton Park ($1,647/mo).

What percentage of Latham residents rent vs. own?

According to Census data, approximately 37.6% of Latham households are renters, while 62.4% are owner-occupied. Latham leans toward homeownership, which can mean a smaller rental inventory.

How does Latham rent compare to the national average?

Latham's median rent of $2,049/mo is $84 (4%) above the US national median of $1,965/mo. Within New York, it ranks #73 out of 126 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $2,049/mo, rent takes ~23% of Latham's median household income ($104,899/yr). The standard benchmark is 30%.

Latham 23%Benchmark 30%
State income tax4–10.9%
Run the Latham affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Latham, NY

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