Average Rent in Poughkeepsie, NY↓ Rents falling 19.6% YoY

Poughkeepsie, NY has rental prices ranging from $1,088/month to $2,097/month in 2021, depending on unit size. The typical 1-bedroom apartment rents for $1,160/month — 17% below the national average of $1,400/month. With a median household income of $97,334/year, spending $1,160/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.

How Poughkeepsie Compares

With an average 2-bedroom rent of $1,467/month, Poughkeepsie ranks #11 most expensive of the 43 cities tracked in New York — pricier than 88% of all US cities in our data.

The Poughkeepsie Rental Market

The Poughkeepsie, NY area has a population of about 19,756,722 and 49% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Poughkeepsie, NY have fallen by $358/month (19.6%) over the past year, from $1,825 to $1,467. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.

Affordability

To afford a 1-bedroom apartment in Poughkeepsie, NY without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $46,400. The local median household income of $97,334 exceeds that threshold by $50,934, making Poughkeepsie relatively accessible compared to local wages.

Is Poughkeepsie, NY Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Poughkeepsie?

Break-even analysis and mortgage estimates based on local market data.

Living in Poughkeepsie

Cost of living, job market, crime rates, and moving cost estimates.