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City Report · NY

Penfield

·89th most expensive in New York·Rental market data updated monthly for Penfield, NY
Median rent (all units)
$1,647/mo
Year-over-Year
Stable
Month-over-Month
-3.2%
vs US Median
-$318
Falling (Monthly)
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Most AffordableMost Expensive
Penfield · $1,647
More affordable than 66% of US cities · National median $1,965/mo
Affordability
27% of income
AFFORDABLE
0%30% benchmark60%+

At $1,647/mo, rent takes about 27% of the US median household income, comfortably within the 30% benchmark.

Income to afford
$66,000/yr
US median income
$72,000/yr
Based on the 30%-of-income rule using Penfield's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,060
1 BR
$1,190
2 BR
$1,480
3 BR
$1,780
4 BR+
$1,960
Research median
$1,480/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
$19,764/yr
At $1,647/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -3.2% MoM), not inventory.
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Community

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

Can you afford rent in Penfield on your salary?

At $1,647/mo, how Penfield rent compares to typical pay (30% rule).

By apartment size

Penfield rent by bedroom count

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

Local insights

Tips for renters in Penfield

About renting in Penfield, NY

Last updated: July 20, 2026

The median rent in Penfield is $1,647/mo as of July 2026. A studio apartment averages $1,060/mo while a 2-bedroom runs $1,480/mo. One-bedroom apartments average $1,190/mo and 3-bedroom units go for $1,780/mo.

At 27% of estimated US median household income ($72,000/yr), Penfield ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Penfield an affordable city for renters?

Penfield is considered affordable for renters. At $1,647/mo, rent takes approximately 27% of the US median household income ($72,000/yr). The standard benchmark is 30%. Penfield falls comfortably within that range.

How much income do you need to rent in Penfield?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,647/mo in Penfield.

Is rent going up or down in Penfield?

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

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

Penfield is one of the more affordable cities in New York for rent, ranking #89 out of 126 tracked cities at $1,647/mo.

Which nearby cities are cheaper to rent in than Penfield?

Several nearby cities have lower median rents than Penfield ($1,647/mo): Henrietta ($1,473/mo), Rochester ($1,532/mo).

How does Penfield rent compare to the national average?

Penfield's median rent of $1,647/mo is $318 (16%) below the US national median of $1,965/mo. Within New York, it ranks #89 out of 126 tracked cities.
Income Affordability
27%
AFFORDABLE

At $1,647/mo, rent takes ~27% of US median household income ($72,000/yr). The standard benchmark is 30%.

Penfield 27%Benchmark 30%
State income tax4–10.9%
Run the Penfield affordability calculator →
Lowest-rent ZIP codes in Penfield
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Penfield, NY

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