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City Report · NY

Peekskill

Pop. 25,625·36th most expensive in New York·Peekskill rents are up 11.6% over the past year
Median rent (all units)
$3,108/mo
Year-over-Year
+11.6%
Month-over-Month
+7.0%
vs US Median
+$1,143
Rising (Monthly)
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Most AffordableMost Expensive
Peekskill · $3,108
More expensive than 92% of US cities · National median $1,965/mo
Affordability
43% of income
STRETCHED
0%30% benchmark60%+

At $3,108/mo, rent takes about 43% of the local median household income, well above the 30% benchmark.

Income to afford
$124,000/yr
Local median income
$85,954/yr
Based on the 30%-of-income rule using Peekskill's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$2,420
1 BR
$2,530
2 BR
$2,800
3 BR
$3,490
4 BR+
$3,760
Research median
$2,800/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
$37,296/yr
At $3,108/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.6% YoY, +7.0% MoM), not inventory.
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Demographics

Who lives here

Peekskill, NY is majority owner-occupied, 37.8% of residents hold a bachelor's degree or higher.

Population
25,625
Median income
$85,954
Median age
41.8
Renters
40.6%
Age distribution
16.1%
25.8%
24.6%
16.1%
17.3%
Under 1816.1%
18–3425.8%
35–5424.6%
55–6416.1%
65+17.3%
Gender
51.4%
48.6%
Male51.4%
Female48.6%
Race & ethnicity
38.7%
13.6%
45.7%
White38.7%
Black13.6%
Hispanic45.7%
Asian2.2%
Education (25+)
15.9%
23.9%
22.4%
37.8%
No HS diploma15.9%
HS diploma23.9%
Some college22.4%
Bachelor's+37.8%
Housing tenure
59.4%
40.6%
Owner59.4%
Renter40.6%

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

2021 vs 2026

How Peekskill, NY has changed in 5 years

Income
$75,642 → $85,954
up 13.6%
Population
25,304 → 25,625
up 1.3%
Renter share
44.4% → 40.6%
-3.8 pts
Bachelor's+
33.6% → 37.8%
+4.2 pts
Median age
40.8 → 41.8
+1.0 yrs

Household income in the area moved from $75,642 to $85,954 across the same window, up 13.6% versus 2021. Headcount in the area went from 25,304 to 25,625 between 2021 and 2024, a 1.3% change. About 40.6% of households rent today, against 44.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 33.6% to 37.8%.

Community

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

Can you afford rent in Peekskill on your salary?

At $3,108/mo, how Peekskill rent compares to typical pay (30% rule).

By apartment size

Peekskill rent by bedroom count

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

Local insights

Tips for renters in Peekskill

About renting in Peekskill, NY

Last updated: July 20, 2026

The median rent in Peekskill is $3,108/mo as of July 2026. A studio apartment averages $2,420/mo while a 2-bedroom runs $2,800/mo. One-bedroom apartments average $2,530/mo and 3-bedroom units go for $3,490/mo.

At 43% of local median household income ($85,954/yr), Peekskill ranks as moderate compared to the national benchmark of 30%. Rents have increased 11.6% over the past year.

FAQ

Frequently asked questions

Is Peekskill an affordable city for renters?

Peekskill is considered stretched for renters. At $3,108/mo, rent takes approximately 43% of the local median household income ($85,954/yr). The standard benchmark is 30%. Peekskill significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Peekskill?

To keep rent at or below 30% of gross income, you would need to earn at least $124,000/year (~$60/hour full-time) to afford the median rent of $3,108/mo in Peekskill. The local median household income is $85,954/yr, meaning the typical Peekskill household falls short of that threshold.

Is rent going up or down in Peekskill?

Rent in Peekskill has increased 11.6% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Peekskill is one of the pricier cities in New York for rent, ranking #36 out of 126 tracked cities at $3,108/mo.

Which nearby cities are cheaper to rent in than Peekskill?

Several nearby cities have lower median rents than Peekskill ($3,108/mo): Nyack ($2,855/mo), Beacon ($3,062/mo), Nanuet ($3,103/mo).

What percentage of Peekskill residents rent vs. own?

According to Census data, approximately 40.6% of Peekskill households are renters, while 59.4% are owner-occupied. Peekskill leans toward homeownership, which can mean a smaller rental inventory.

How does Peekskill rent compare to the national average?

Peekskill's median rent of $3,108/mo is $1,143 (58%) above the US national median of $1,965/mo. Within New York, it ranks #36 out of 126 tracked cities.
Income Affordability
43%
STRETCHED

At $3,108/mo, rent takes ~43% of Peekskill's median household income ($85,954/yr). The standard benchmark is 30%.

Peekskill 43%Benchmark 30%
State income tax4–10.9%
Run the Peekskill affordability calculator →
Lowest-rent ZIP codes in Peekskill
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Peekskill, NY

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