Rent to own Homes in Schenectady, NY

Schenectady, NY, also known as Electric City, is the home of General Electric, though the corporation giant moved its manufacturing elsewhere years ago. The city is also just a little under 20 miles outside of Albany, NY. Residents often enjoy entertainment in Albany and return home to older, quieter residential areas and lower rents in Schenectady. There are a number of parks and colleges here, making it a popular place for young people and families.

Schenectady, NY is a great place for affordable rent-to-own homes! With a median household income of over $47,773 and a median rent of $919, the Schenectady, NY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Schenectady, NY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Schenectady, NY rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
4294 Us Route 20
Rent To Own
 
Single Family Home
Castleton On Hudson, NY 12033
6
2
2856 ft2
1 of 13 2 Sutton Hollow Road
Rent To Own
 
Multifamily (2 - 4 Units)
Windham, NY 12496
3
1
1200 ft2
1920
323-323-325 Division St
Rent To Own
Central State Street
Single Family Home
Schenectady, NY 12304
6
3
2376 ft2
1910
1 of 21 1917 TOWER ST
Rent To Own
Rotterdam
Single Family Home
Schenectady, NY 12303
3
2
1476 ft2
1975
Hot
1 of 12 152 E PALMER AVE
Rent To Own
Rotterdam
Single Family Home
Schenectady, NY 12303
4
1
1530 ft2
1968
1 of 5 605 GLEN AVE
Rent To Own
Scotia
Single Family Home
Schenectady, NY 12302
4
2
1471 ft2
1940
Hot
1 of 38 2149 NISKAYUNA DR
Rent To Own
Niskayuna
Single Family Home
Schenectady, NY 12309
4
3
1882 ft2
1946
Hot
1 of 6 1391 MITCHELL AVE
Rent To Own
 
Single Family Home
Schenectady, NY 12309
4
2
2100 ft2
1932
Hot
219 AMSTERDAM AVE
Rent To Own
 
Single Family Home
Schenectady, NY 12302
3
1
1006 ft2
1930
1 of 14 515 Viewpointe Dr
Rent To Own
 
Multifamily (2 - 4 Units)
Rotterdam, NY 12306
3
2
1514 ft2
1992
Hot
1 of 22 123 SYLVIA LN
Rent To Own
 
Single Family Home
Schenectady, NY 12306
5
2
2400 ft2
1980
1 of 28 109 MARIA CT
Rent To Own
 
Single Family Home
Schenectady, NY 12306
3
3
2850 ft2
1997
Hot
1 of 33 6990 STATE ROUTE 158
Rent To Own
 
Single Family Home
Altamont, NY 12009
3
3
3560 ft2
2000
1 of 39 901 SHARDON CT
Rent To Own
 
Single Family Home
Schenectady, NY 12306
4
3
2832 ft2
2012
Hot
1 HOMESTEAD RD
Rent To Own
 
Single Family Home
Schenectady, NY 12302
3
2
1920 ft2
1986
1 of 27 8 AMY MARIE CT
Rent To Own
Colonie
Single Family Home
Albany, NY 12205
3
2
1600 ft2
1986
Hot
1 of 12 314 MILLER RD
Rent To Own
 
Single Family Home
Rexford, NY 12148
4
3
2440 ft2
2018
Hot
1 of 11 136 POINT OF WOODS DR
Rent To Own
 
Townhouse/Condo
Albany, NY 12203
3
2
1540 ft2
1982
1 of 14 129 New York 146
Rent To Own
 
Multifamily (2 - 4 Units)
Altamont, NY 12009
3
3
2000 ft2
2017
1 of 29 694 PANGBURN RD
Rent To Own
 
Single Family Home
Schenectady, NY 12306
7
4
3100 ft2
1950
1 of 16 21 HIGH DUNE DR
Rent To Own
Dunes
Single Family Home
Albany, NY 12203
3
3
1912 ft2
1980
1 of 12 13 DEBBIE CT
Rent To Own
Colonie
Single Family Home
Albany, NY 12205
3
2
1670 ft2
1975
432 VISCHER FERRY RD
Rent To Own
 
Single Family Home
Clifton Park, NY 12065
4
3
3064 ft2
1987
31 WOODSIDE DR
Rent To Own
 
Single Family Home
Burnt Hills, NY 12027
4
3
3650 ft2
2006
1 of 29 7 Forest Hills Rd
Rent To Own
 
Multifamily (2 - 4 Units)
Burnt Hills, NY 12027
4
2
1902 ft2
1954
Hot
1 of 24 5 APPLEWOOD DR
Rent To Own
 
Single Family Home
Rexford, NY 12148
4
3
2474 ft2
1985
1 of 8 40 BEECHWOOD DR
Rent To Own
 
Single Family Home
Burnt Hills, NY 12027
5
5
4800 ft2
1960
Hot
1 of 38 159 KENNEWYCK CIR
Rent To Own
 
Single Family Home
Slingerlands, NY 12159
4
3
2601 ft2
1995
1 of 35 15 NOTTINGHAM WAY N
Rent To Own
 
Single Family Home
Clifton Park, NY 12065
4
3
2234 ft2
1980
1 of 4 400 PINKSTER LN
Rent To Own
 
Single Family Home
Slingerlands, NY 12159
4
3
2833 ft2
1991
1 of 12 8 WALL ST #216
Rent To Own
 
Townhouse/Condo
Clifton Park, NY 12065
1
1
673 ft2
2009
5 KEYSTONE CT
Rent To Own
Roessleville
Single Family Home
Albany, NY 12205
3
2
2000 ft2
2010
1 of 23 15 SENECA CT
Rent To Own
 
Single Family Home
Slingerlands, NY 12159
5
3
2434 ft2
1999
1 of 34 18 KINGSBRIDGE CT
Rent To Own
 
Single Family Home
Ballston Lake, NY 12019
4
3
2640 ft2
2010
1 of 50 457 DEVILS LN
Rent To Own
 
Single Family Home
Ballston Spa, NY 12020
3
3
2301 ft2
2017
Hot
1 of 10 9 NORBRICK DR
Rent To Own
Colonie
Single Family Home
Albany, NY 12205
2
1
950 ft2
1965
Hot
1 of 22 275 TAMPA AVE
Rent To Own
Buckingham Lake - Crestwood
Single Family Home
Albany, NY 12208
3
2
1300 ft2
1953
Hot
1 of 12 103 SAND CREEK RD
Rent To Own
Colonie
Single Family Home
Albany, NY 12205
3
2
1286 ft2
1895
Hot
1 of 35 18 SURREY DR
Rent To Own
East Line
Single Family Home
Ballston Lake, NY 12019
3
3
1953 ft2
2007
1 of 24 19 BETHWOOD DR
Rent To Own
Loudonville
Single Family Home
Albany, NY 12211
3
2
2037 ft2
1976
1 of 15 1 REGAL CT
Rent To Own
Loudonville
Single Family Home
Albany, NY 12211
3
1
1200 ft2
1963
1 of 27 702 NEW SALEM RD
Rent To Own
 
Single Family Home
Voorheesville, NY 12186
3
2
1896 ft2
1900
1 of 46 23 SCHUYLER AVE
Rent To Own
Colonie
Single Family Home
Latham, NY 12110
3
3
2350 ft2
1947
1 of 38 1 PROVIDENCE CT
Rent To Own
Colonie
Single Family Home
Cohoes, NY 12047
4
3
2905 ft2
1999
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Buying a Home in Schenectady, NY

Schenectady, NY is seeing rapid growth and Schenectady, NY's' housing market remains optimal with an average home price that is -48% below the 2024 national average. Schenectady, NY is part of Schenectady county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Schenectady is 2.41% which is above the national average, which is 0.99%.

Median Home Price in Schenectady, NY

Median Rent in Schenectady, NY

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Schenectady NY

Housing Statistics The housing market here fairs well in comparison to the rest of the state. Median rent rate is $772, while median house price is $110,300. Only 7 new homes were built in 2012, and another 7 in 2011. Due to a large college population, the area has one of the highest rental rates in the state at 55 percent of the population, or roughly 14,578 people. Renters typically stay in the same location for at least 4 years.

Nightlife Schenectady has a great spread of affordable restaurants, pubs and entertainment establishments catering to an older crowd. The presence of Union College and proximity to Albany's many educational institutions means that it has plenty of happening nightspots as well. Manhattan Exchange Restaurant, Pinhead Susan's and BL's Tavern are local favorites for relaxing at the end of a long day in a laid-back, friendly atmosphere. For live music, dancing and plenty of young people to run into, you'll want to head to Union Inn, TenTen Lounge, Clinton's Ditch or Rupis Tavern.

Outdoor Activities The Schenectady area is home to both the Mohawk River and Mohawk Towpath Scenic Byway. They provide a wealth of opportunities for biking, hiking, boating, fishing and other outdoor fare. For the less adventurous, Union College is home to Jackson's Garden, which has 8 acres of garden spaces, ranging from wildflowers to sculptured topiaries. Historic tours of the Stockade neighborhood are popular throughout the year, while golf and wintertime sports alternate in popularity depending on the season.

Neighborhoods Downtown has many cool shops, restaurants and entertainment venues but the area is slightly rundown, and may not be a safe place to be on your own at night. It's not ideal for finding a rental house or apartment, and while shopkeepers have tried to improve the area especially in the last few years, efforts have not materialized into anything substantial.