According to one aspect, the disclosed subject matter describes herein a method for conducting adaptive event rate monitoring, the method including detecting an occurrence of network events during a span of time defined by a convergence time period and incrementing a counter value for each of a plurality of monitoring segments included in the convergence time period based on when each of the network events are detected within the convergence time period. The method further includes determining a convergence time rate based on counter values associated with each of the monitoring segments included in the convergence time period and calculating an adaptive per-second event rate using the determined convergence time rate.