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City Report · NY

Saratoga Springs

Pop. 28,631·62nd most expensive in New York·Saratoga Springs rents are up 31.8% over the past year
Median rent (all units)
$2,494/mo
Year-over-Year
+31.8%
Month-over-Month
+5.0%
vs US Median
+$532
Rising (Monthly)
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Most AffordableMost Expensive
Saratoga Springs · $2,494
More expensive than 79% of US cities · National median $1,962/mo
Rent Reality Score
13/100
Overheated
OverheatedFairGreat value

Rents are 19% above what Saratoga Springs's 10-year trend predicts — running hotter than its own history.

Actual rent
$2,494/mo
Expected by trend
$2,102/mo
The Rent Reality Score compares today's median rent to where Saratoga Springs's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,420
1 BR
$1,630
2 BR
$1,970
3 BR
$2,370
4 BR+
$2,610
Fair Market Rent (HUD)
$1,970/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,494 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
$29,928/yr
At $2,494/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 31.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+31.8% YoY, +5.0% MoM), not inventory.
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Demographics

Who lives here

Saratoga Springs, NY is majority owner-occupied, has a large retiree population, has a median income above the national average, 59.9% of residents hold a bachelor's degree or higher.

Population
28,631
Median income
$105,944
Median age
42.4
Renters
42.2%
Age distribution
13.9%
25%
25.2%
14.2%
21.6%
Under 1813.9%
18–3425%
35–5425.2%
55–6414.2%
65+21.6%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
84.8%
White84.8%
Black2.7%
Hispanic5.5%
Asian3.1%
Other3.9%
Education (25+)
18.2%
17.7%
59.9%
No HS diploma4.2%
HS diploma18.2%
Some college17.7%
Bachelor's+59.9%
Housing tenure
57.8%
42.2%
Owner57.8%
Renter42.2%

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

2021 vs 2026

How Saratoga Springs, NY has changed in 5 years

Rent
$1,488 → $2,494
up 67.6%
Income
$90,020 → $105,944
up 17.7%
Population
28,110 → 28,631
up 1.9%
Renter share
44.1% → 42.2%
-1.9 pts
Bachelor's+
58.7% → 59.9%
+1.2 pts

Rent in Saratoga Springs, NY has increased 67.6% since 2021, going from about $1,488 per month to roughly $2,494 today. Census figures show median household income at $105,944 today, compared with $90,020 five years earlier. Rent outpaced income growth by roughly 49.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 28,110 to 28,631 between 2021 and 2024, a 1.9% change. About 42.2% of households rent today, against 44.1% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View Saratoga Springs rent history (2015–2026) →
Salary vs rent

Can you afford rent in Saratoga Springs on your salary?

At $2,494/mo, how Saratoga Springs rent compares to typical pay (30% rule).

By apartment size

Saratoga Springs rent by bedroom count

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

Local insights

Tips for renters in Saratoga Springs

About renting in Saratoga Springs, NY

Last updated: August 17, 2026

The median rent in Saratoga Springs is $2,494/mo as of August 2026. A studio apartment averages $1,420/mo while a 2-bedroom runs $1,970/mo. One-bedroom apartments average $1,630/mo and 3-bedroom units go for $2,370/mo.

At 28% of local median household income ($105,944/yr), Saratoga Springs ranks as affordable compared to the national benchmark of 30%. Rents have increased 31.8% over the past year.

FAQ

Frequently asked questions

Is Saratoga Springs an affordable city for renters?

Saratoga Springs is considered affordable for renters. At $2,494/mo, rent takes approximately 28% of the local median household income ($105,944/yr). The standard benchmark is 30%. Saratoga Springs falls comfortably within that range.

How much income do you need to rent in Saratoga Springs?

To keep rent at or below 30% of gross income, you would need to earn at least $100,000/year (~$48/hour full-time) to afford the median rent of $2,494/mo in Saratoga Springs. The local median household income is $105,944/yr, meaning the typical Saratoga Springs household meets that threshold.

Is rent going up or down in Saratoga Springs?

Rent in Saratoga Springs has increased 31.8% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Saratoga Springs rent compare to other cities in New York?

Saratoga Springs is middle-of-the-pack for New York for rent, ranking #62 out of 125 tracked cities at $2,494/mo.

Which nearby cities are cheaper to rent in than Saratoga Springs?

Several nearby cities have lower median rents than Saratoga Springs ($2,494/mo): Glens Falls ($1,462/mo), Troy ($1,491/mo), Clifton Park ($1,671/mo).

What percentage of Saratoga Springs residents rent vs. own?

According to Census data, approximately 42.2% of Saratoga Springs households are renters, while 57.8% are owner-occupied. Saratoga Springs leans toward homeownership, which can mean a smaller rental inventory.

How does Saratoga Springs rent compare to the national average?

Saratoga Springs's median rent of $2,494/mo is $532 (27%) above the US national median of $1,962/mo. Within New York, it ranks #62 out of 125 tracked cities.
Income Affordability
28%
AFFORDABLE

At $2,494/mo, rent takes ~28% of Saratoga Springs's median household income ($105,944/yr). The standard benchmark is 30%.

Saratoga Springs 28%Benchmark 30%
State income tax4–10.9%
Run the Saratoga Springs affordability calculator →
Lowest-rent ZIP codes in Saratoga Springs
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Neighborhoods

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Schools nearby

Public schools near Saratoga Springs, NY

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