Troy, New York Short-Term Rental Market
Troy, NY STRs averaged $288/night at 55.9% occupancy in June 2026; no dedicated STR ordinance, just landlord registry.
Quick Answer: Troy, New York is an active short-term rental market. average occupancy in the Albany/Saratoga Springs market area is 56%. average monthly revenue in the Albany/Saratoga Springs market area is $4,038. average daily rate in the Albany/Saratoga Springs market area is $288. the top operator in the Albany/Saratoga Springs market area is Evolve with 73 listings. market score is 41/100 (grade D).
Market data reflects the Albany/Saratoga Springs regional market, which includes Troy. Regulations, taxes, and permit details below are specific to Troy.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Troy has no short-term-rental-specific ordinance. Any non-owner-occupied rental, which most investor STRs are, must register under the city’s Landlord Registry (Chapter 177 of the Troy City Code) and pass health/safety inspection and space and occupancy requirements. Out-of-area owners must designate a local managing agent within 20 miles of the city. There is no owner-occupancy or primary-residence mandate and no cap on rental nights.
Troy is a historic Hudson River city, ‘The Collar City,’ about 15 minutes from Albany, population 51,033, drawing regional day-trippers, heritage and architecture tourists, RPI and Russell Sage college visitors, and arts-goers. It anchors part of the broader Capital-Saratoga tourism region, a roughly $2.4 billion visitor economy.
StaySTRA tracks Troy’s ADR, occupancy, and revenue at a shared regional level with Schenectady, Ballston Spa, and Queensbury, so the figures below describe the eastern New York area STR market. In June 2026, that area STR market posted a blended ADR of $288.49 and 55.9% occupancy, with average monthly revenue of $4,038/listing. Occupancy is up 3.99 percentage points and revenue is up 8.59% year over year, while ADR is down 14.47%.
One note on the annual data below: the 2026 row is a January-through-June average, before this market’s July-August peak, so it understates what a full-year 2026 average will likely show once summer is included. Bedroom mix, listing-type breakdown, and the top-property-manager list are tracked at the same shared regional level rather than uniquely for Troy, so this profile omits those breakdowns.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 43% |
| Feb | 52% |
| Mar | 48% |
| Apr | 53% |
| May | 55% |
| Jun | 57% |
| Jul | 63% |
| Aug | 63% |
| Sep | 45% |
| Oct | 51% |
| Nov | 45% |
| Dec | 49% |
Month-by-month nightly rates and revenue figures for Troy are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Albany/Saratoga Springs market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Albany/Saratoga Springs market as a whole, which includes Troy, so these counts are not Troy-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 73 | 1,822 | ★ 4.61 |
| 2 | Enlightened Habitat | 26 | 2,165 | ★ 4.80 |
| 3 | Luxe Rentals | 20 | 1,561 | ★ 4.56 |
| 4 | Saratoga Stays | 18 | 386 | ★ 4.84 |
| 5 | Archer Casten | 17 | 509 | ★ 4.29 |
What Kind of STR Should I Buy in Troy?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Troy are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 60.9% |
| vrbo | 5.1% |
| both | 34% |
Home Value Trends (Troy)
Typical home values, median sale prices, and the 10-year price trend for Troy are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Troy — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Troy has no short-term-rental-specific ordinance, so Airbnb/VRBO operation is permitted but governed by layered general rules. Any non-owner-occupied rental, most investor STRs, must register under the city’s Landlord Registry (Chapter 177 of the Troy City Code, administered by the Bureau of Code Enforcement) and is subject to health/safety inspection and the city’s space and occupancy requirements. Out-of-area owners must designate a local managing agent residing or doing business within 20 miles of the city.
On taxes, Rensselaer County levies a 3% room occupancy tax on stays of 13 nights or fewer, which Airbnb collects and remits automatically; New York State and local sales tax (roughly 8% combined) also applies. A 2019 state bill (S2622) that would have let Troy add its own 4% city hotel/motel tax was vetoed by the Governor in December 2019 and is not in force; investors should confirm current city tax status before pricing.
There is no owner-occupancy or primary-residence mandate and no cap on rental nights. Enforcement is rated moderate: active code enforcement and mandatory landlord registration mean non-compliance can draw city penalties, even without a dedicated STR-specific ordinance.
Market Comparison
This eastern New York area STR market’s June 2026 occupancy of 55.9% runs about level with the commonly cited US STR median of roughly 55%, while its $288.49 blended ADR is well above the roughly $220 US median; its luxury tier ($686.74) is more than three times the national ADR benchmark.
Top-property-manager data is not currently published uniquely for Troy in this snapshot (tracked at a shared regional level with Schenectady, Ballston Spa, and Queensbury instead), so this profile omits a named-operator comparison.
Frequently Asked Questions About Troy, New York
Does Troy, NY require a short-term rental permit?
What is the average daily rate for short-term rentals in Troy, NY?
What taxes apply to short-term rentals in Troy?
Does Troy charge its own hotel tax on top of the county tax?
When is the busiest season for short-term rentals in Troy?
What is the gross yield on a Troy short-term rental?
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