Rochester, NY Rental Market
Rochester built its identity on the legacy of Kodak and Xerox before successfully pivoting toward biotech, optics, and photonics — industries anchored by the University of Rochester, RIT, and Monroe Community College. The city offers some of the highest gross yields among upstate NY markets, a diversified tenant base of university employees, medical professionals, and manufacturing workers, and genuinely affordable home prices that attract cash-flow-focused investors.
Get a rent estimate for an address in RochesterAverage Rent in Rochester, NY
$1,080
per month · 2026-06
Market Score
Key Facts — Rochester, NY Rental Market
- Average rent in Rochester, NY:$1,080/mo
- Median rent:$994/mo
- Rent range:$550 – $2,400/mo
- Most common rental (2 bedrooms):$950/mo
- Active listings:720
- Avg days to lease:36 days
- Year-over-year change:+2.8%
- Median home value:$175,000
- Est. gross annual yield:7.4%
- Data as of:2026-06
Rent by Bedroom in Rochester, NY
Average monthly rent for each bedroom type based on current active listings in Rochester.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $775/mo |
2 Bedrooms | $950/mo |
3 Bedrooms | $1,200/mo |
4 Bedrooms | $1,500/mo |
5 Bedrooms | $1,700/mo |
Rochester Rental Market Statistics
Key indicators from the current Rochester, NY rental market.
720
Available now in Rochester
36
From list to lease
$0.86
Average across listings
1,250 sq ft
Typical rental size
$550 – $2,400
Min to max active listings
+2.8%
Avg rent vs. prior year
Investing in Rochester, NY Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$175,000
Typical purchase price in Rochester
Est. Gross Annual Yield
7.4%
Before expenses & vacancy
Avg Monthly Income
$1,080
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Rochester for a full cash-flow breakdown including all costs.
Rochester, NY Rental Market FAQ
Common questions about renting and investing in Rochester, NY.
What is the average rent in Rochester, NY?
The average rent in Rochester, NY is $1,080 per month as of 2026. One-bedroom apartments average $775/mo, two-bedrooms $950/mo, and three-bedroom homes $1,200/mo. Neighborhoods like the Park Avenue area, East End, and South Wedge command slightly above-average rents due to walkability and proximity to the University of Rochester.
Is Rochester, NY a good place to invest in rental property?
Rochester offers an estimated 7.4% gross annual yield — the highest among the major upstate NY markets covered here — driven by a median home value near $175,000 and sustained rental demand from the University of Rochester, Strong Memorial Hospital, and a growing biotech and optics sector anchored by companies like Paychex and Xerox.
What drives rental demand in Rochester, NY?
Rochester's rental market is powered by the University of Rochester (20,000+ students and one of the top research hospitals in the country), RIT's large student body, and major healthcare employers at UR Medicine. The legacy of Kodak and Xerox has attracted a cluster of precision optics and imaging companies that employ thousands of skilled workers who form a stable professional tenant base.
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