Affordable Housing In Schenectady
Schenectady County, New York

16 Low Income Apartment Communities In Schenectady

Southgate Apartments

1953 Watt St
Schenectady, NY
Call For Rent
2 BR
Subsidized

Holly Manor

2415 Curry Rd
Schenectady, NY
Call For Rent
1-2 BR
Accepts Vouchers
62+

State Hulett

799 Albany St
Schenectady, NY
Subsidized

Summit Towers

720 Albany St
Schenectady, NY
Subsidized

Mont Pleasant Senior Housing

1502 Chrisler Ave
Schenectady, NY
Subsidized
62+
Accessible
Elderly Supportive Housing

Lawrence Commons

2660 Albany St
Schenectady, NY
Subsidized
62+
Accessible
Elderly Supportive Housing

Schenectady Bnai Brith

22 Knolls Rd
Schenectady, NY
Subsidized
62+
Accessible
Elderly Supportive Housing

Omni Senior Living Comm. of Guilderland II

3489 Carman Rd
Schenectady, NY
Accepts Vouchers

Pinewood Drive Residence

235 Pinewood Dr
Schenectady, NY
Subsidized
62+
Accessible
Elderly Supportive Housing

Downtown

375 Broadway
Schenectady, NY

Housing Authorities that serve Schenectady

Housing Authority Programs
Schenectady Municipal Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Schenectady, New York

There are 16 low income housing apartment communities offering 1,684 affordable apartments for rent in Schenectady, New York. Schenectady features 1,473 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 211 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Schenectady.

Sourced from federal housing data and AffordableHousingOnline.com research.

Schenectady, NY Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 1,684
Total Housing Units with Rental Assistance 1,473
Percentage of Housing Units Occupied By Renters 51.64%
Average Renter Household Size 2.34
Average Household Size 2.59
Median Household Income $40,755 ±$1,541
Median Rent $811 ±$15
Percentage Of Renters Overburdened 53.01% ± 3.48pp
Total Population 65,735

Population and Household Demographics

Schenectady is a City in Schenectady County, New York with a population of 65,735. There are 24,087 households in the city with an average household size of 2.59 persons. 51.64% of households in Schenectady are renters.

Income and Rent Overburden in Schenectady

The median gross income for households in Schenectady is $40,755 a year, or $3,396 a month. The median rent for the city is $811 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Schenectady, a household making less than $2,703 a month would be considered overburdened when renting an apartment at or above the median rent. 53.01% of households who rent are overburdened in Schenectady.1

Area Median Income In Schenectady

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Schenectady, the AMI is calculated from all households within Schenectady County.

In Schenectady, HUD calculates the Area Median Income for a family of four as $89,900

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Schenectady

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Schenectady HUD Rental Assistance in Schenectady

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,900 $21,600 $24,300 $26,950 $30,170 $34,590 $39,010 $43,430
50% of Median $31,500 $36,000 $40,500 $44,950 $48,550 $52,150 $55,750 $59,350
80% of Median $50,350 $57,550 $64,750 $71,900 $77,700 $83,450 $89,200 $94,950
Fair Market Rents in Schenectady

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$747 $855 $1,054 $1,313 $1,428