Ballston Spa renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Ballston Spa is about $1,314 per month. This puts it in the 79th percentile compared to the state average cost of rent, which is $1,514. Households in Ballston Spa have a median income of $8,154 per month so the average renter in Ballston Spa is spending roughly 16% of their earnings on housing.
Nationally, and in Ballston Spa, home values are the data point most closely correlated with the cost of rent. The median price of a home in Ballston Spa is $272,734 right now, which is lower than nearby cities, meaning that rents in Ballston Spa also tend to be lower versus these nearby cities.
Higher rent prices are common in the northern parts of Ballston Spa while lower rent rates are often available in central areas.
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