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ZIP Code · NY

ZIP 12303

Pop. 29,360·Schenectady County·278th most expensive ZIP in New York
Median rent (all units)
$1,544/mo
Year-over-Year
Stable
Month-over-Month
-2.4%
vs US Median
-$421
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 12303 · $1,544
More affordable than 70% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,090
1 BR
$1,270
2 BR
$1,530
3 BR
$1,830
4 BR+
$2,030
Research median
$1,530/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
$18,528/yr
At $1,544/mo median
Location
StateNY
CountySchenectady County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -2.4% MoM), not inventory.
Demographics

Who lives here

ZIP 12303 (Schenectady, NY) is majority owner-occupied, 35.8% of residents hold a bachelor's degree or higher.

Population
29,360
Median income
$84,375
Median age
41.3
Renters
25.9%
Age distribution
21.8%
19.3%
25%
15%
18.9%
Under 1821.8%
18–3419.3%
35–5425%
55–6415%
65+18.9%
Gender
48.4%
51.6%
Male48.4%
Female51.6%
Race & ethnicity
66.9%
White66.9%
Black9.6%
Hispanic8.6%
Asian6.1%
Other8.8%
Education (25+)
23.9%
29.8%
35.8%
No HS diploma10.6%
HS diploma23.9%
Some college29.8%
Bachelor's+35.8%
Housing tenure
74.1%
25.9%
Owner74.1%
Renter25.9%

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

2021 vs 2026

How ZIP 12303 in Schenectady, NY has changed in 5 years

Income
$71,573 → $84,375
up 17.9%
Population
29,725 → 29,360
down 1.2%
Renter share
27.2% → 25.9%
-1.3 pts
Bachelor's+
30.6% → 35.8%
+5.2 pts
Median age
39.9 → 41.3
+1.4 yrs

Local incomes tracked alongside that move, going from a median of $71,573 in 2021 to $84,375 more recently. Headcount in the area went from 29,725 to 29,360 between 2021 and 2024, a 1.2% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 30.6% to 35.8%.

Community

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Local insights

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About renting in ZIP 12303

Last updated: July 20, 2026

ZIP code 12303 covers Schenectady, NY. The median rent here is $1,544/mo as of July 2026. A 1-bedroom rents for a median of $1,270/mo. A 2-bedroom rents for a median of $1,530/mo.

At 22% of local median household income ($84,375/yr), ZIP 12303 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 12303?

As of July 20, 2026, the median monthly rent in ZIP 12303 (Schenectady, NY) is $1,544. This is based on aggregated data from public sources and community submissions.

How does ZIP 12303 rent compare to the US average?

ZIP 12303's median rent of $1,544/mo is $421 (21%) below the US national median of $1,965/mo.

How does ZIP 12303 compare to other ZIPs in New York?

ZIP 12303 is among the more affordable ZIP codes in New York, ranking #278 out of 344 ZIPs at $1,544/mo.

How much income do you need to rent in ZIP 12303?

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 $1,544/mo in ZIP 12303. The local median household income is $84,375/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 12303?

Rent in ZIP 12303 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 12303 an affordable place to rent?

ZIP 12303 is considered very affordable for renters. At $1,544/mo, rent takes approximately 22% of the local median household income ($84,375/yr). The standard benchmark is 30%. ZIP 12303 falls comfortably within that range.

What percentage of ZIP 12303 residents rent vs. own?

According to Census data, approximately 25.9% of ZIP 12303 households are renters, while 74.1% are owner-occupied. ZIP 12303 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 12303 compare to the rest of Schenectady?

ZIP 12303 is pricier than Schenectady as a whole. At $1,544/mo, it's $55 above the Schenectady citywide median of $1,489/mo.

When was rent data for ZIP 12303 last updated?

Rent data for ZIP 12303 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,544/mo, rent takes ~22% of ZIP 12303's median household income ($84,375/yr). The standard benchmark is 30%.

ZIP 12303 22%Benchmark 30%
State income tax4–10.9%
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Schools nearby

Public schools near ZIP 12303 (Schenectady, NY)

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