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City Report · NY

Penfield

·93rd most expensive in New York·Rental market data updated monthly for Penfield, NY
Median rent (all units)
$1,543/mo
Year-over-Year
Stable
Month-over-Month
-6.3%
vs US Median
-$419
Falling (Monthly)
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Most AffordableMost Expensive
Penfield · $1,543
More affordable than 73% of US cities · National median $1,962/mo
Affordability
26% of income
AFFORDABLE
0%30% benchmark60%+

At $1,543/mo, rent takes about 26% of the US median household income, comfortably within the 30% benchmark.

Income to afford
$62,000/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
Fair Market Rent (HUD)
$1,480/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,543 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$18,516/yr
At $1,543/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, -6.3% MoM), not inventory.
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View Penfield rent history (2015–2026) →
Salary vs rent

Can you afford rent in Penfield on your salary?

At $1,543/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: August 17, 2026

The median rent in Penfield is $1,543/mo as of August 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 26% 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 $1,543/mo, rent takes approximately 26% 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 $62,000/year (~$30/hour full-time) to afford the median rent of $1,543/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 August 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 #93 out of 125 tracked cities at $1,543/mo.

Which nearby cities are cheaper to rent in than Penfield?

Several nearby cities have lower median rents than Penfield ($1,543/mo): Rochester ($1,496/mo), Henrietta ($1,506/mo).

How does Penfield rent compare to the national average?

Penfield's median rent of $1,543/mo is $419 (21%) below the US national median of $1,962/mo. Within New York, it ranks #93 out of 125 tracked cities.
Income Affordability
26%
AFFORDABLE

At $1,543/mo, rent takes ~26% of US median household income ($72,000/yr). The standard benchmark is 30%.

Penfield 26%Benchmark 30%
State income tax4–10.9%
Run the Penfield affordability calculator →
Lowest-rent ZIP codes in Penfield
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Neighborhoods

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Public schools near Penfield, NY

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