Starting at $1,820 Per Month
- 1 - 3 Beds
1657 Fairport Nine Mile Point Rd, Penfield, NY 14526
Welcome home to Arbors at Penfield.
Arbors at Penfield
Frequently Asked Questions
How much does it cost to rent a home in Penfield, NY?
The median rent for a home in Penfield, NY is $3,600 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Penfield, NY?
To comfortably afford the median rent in Penfield, NY, a household needs to earn roughly $144,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $3,600 per month in Penfield, NY, renters typically need to show $10,800 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Penfield, NY?
In Penfield, NY, the price-to-rent ratio is 8.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Penfield, NY are best for renting a home?
The best neighborhood for renting in Penfield, NY depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Cobbs Hill, Homestead Heights, North Winton Village, Beechwood and East Avenue, each with its own character and price range.
