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Fair Market Rent in 12029 — Canaan, NY
The typical 1-bedroom rent in 12029 (Canaan, NY) is $1,363/month as of 2026, based on 3 data sources. Rents have risen 13.8% year over year, so an increase above 13.8% exceeds the local market trend. Studio: $1,460. 2-bedroom: $1,680.
Rents in Canaan have grown approximately +13.8% (HUD estimate) over the past year based on HUD Fair Market Rent. A rent increase above 13.8% is above the local market trend.
Estimated Rent · 1-Bedroom
$1,363/mo
Source: HUD Estimated Rent
Data through
Based on federal benchmarks and 2 additional market sources.
The HUD Fair Market Rent for a 1-bedroom in 12029 (Canaan, NY) is $1,480 for FY2026.
Rents in 12029 have increased 13.8% year-over-year based on HUD Fair Market Rent.
The confidence level for this estimate is moderate based on 3 data sources.
Based on HUD Fair Market Rent, a fair rent increase in Canaan (12029) is approximately 13.8% for 2026. The typical 1-bedroom rent is $1,363/month. Any increase significantly above 13.8% exceeds the local market trend and may be worth negotiating.
Sources: HUD Fair Market Rent, HUD SAFMR FY2026, Rentcast. Updated October 2025.
Market trend data is limited for this area. The analysis below uses federal rent benchmarks.
What Should Rent Cost in 12029 (Canaan)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 12029 (Canaan) typically rents for $1,460 – $1,679.
Rents above $1,931 are in the top 25% for this area.
A 1-bedroom in 12029 (Canaan) typically rents for $1,480 – $1,702.
Rents above $1,957 are in the top 25% for this area.
A 2-bedroom in 12029 (Canaan) typically rents for $1,680 – $1,932.
Rents above $2,222 are in the top 25% for this area.
A 3-bedroom in 12029 (Canaan) typically rents for $2,030 – $2,335.
Rents above $2,685 are in the top 25% for this area.
A 4-bedroom in 12029 (Canaan) typically rents for $2,220 – $2,553.
Rents above $2,936 are in the top 25% for this area.
Current Asking Rents in 12029
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Federal Rent Benchmarks for 12029
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Columbia County, NY area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $1,460 | $1,348 |
| 1-Bedroom | $1,480 | $1,363 |
| 2-Bedroom | $1,680 | $1,548 |
| 3-Bedroom | $2,030 | $1,867 |
| 4-Bedroom | $2,220 | $2,050 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 12029
What is the average 1-bedroom rent in 12029?
The typical 1-bedroom rent in 12029 (Canaan, NY) is $1,363/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,460 and 2-bedroom rent at $1,680.
What is a fair rent increase in 12029?
A rent increase up to about 13.8% is in line with the recent local market trend in 12029. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 12029?
Rents in 12029 have risen 13.8% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 12029?
On this page, studio rent in 12029 is $1,460/month and 2-bedroom rent is $1,680/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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These zip codes have similar 1-bedroom rents to 12029 ($1,480/mo) — useful for comparing what your rent gets you in other markets.
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →