Cheap Gated Apartments for Rent in Albany, NY from $500 (17 Rentals)
Cheap Apartments in Albany.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

ArtHouse Apartments

Loudon Arms

64 Sand Creek Rd, Unit main building
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Wade Towers & Garden Apartments

Towers on Hudson

Park Hill Lane Apartments

118 4th St, Unit Brownstone apt top floor

1639 5th Ave, Unit RPI all inclusive
Albany's Best Affordable Neighborhoods
Learn about Albany, NY and the best places to live with original content written by our New York area Local Expert Patrick Ryan

Lake Shore Park Apartments

Highland Club Apartments
Albany, NY Local Guide

How much does it cost to rent an apartment in Albany?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albany Studio Apartments | $1,349 | $805 | $2,295 |
Albany 1 Bedroom Apartments | $1,662 | $750 | $3,923 |
Albany 2 Bedroom Apartments | $2,034 | $990 | $5,069 |
Albany 3 Bedroom Apartments | $2,266 | $975 | $7,352 |
Albany 4 Bedroom Apartments | $1,771 | $700 | $2,700 |
Albany 5 Bedroom Apartments | $2,634 | $1,400 | $3,330 |
Explore Albany

Albany, NY Local Guide
- Albany Neighborhoods
- Nearby Cities
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Getting Around Albany, NY
Walk Score®
69 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
54 / 100
Bikeable
Some bike infrastructure
Transit Score®
42 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Albany, NY Area Reviews
Frequently Asked Questions about Cheap Albany Apartments
What is the Cheapest Studio apartment in Albany?
Currently the most affordable Cheap Studio Apartment in Albany is at 142 Morton Ave listed at $850.
How much is rent for a Cheap One Bedroom Albany Apartment?
The lowest price for a Cheap One Bedroom Albany Apartment is $950 at The Valley Green.
What is the lowest price for a Cheap Two Bedroom Albany Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Albany is starting from $1,100 at Capitol Green.
What is the most affordable Albany Three Bedroom Apartment?
The best deal on a cheap Albany Three Bedroom Apartment rental is at 361 State St and starts from $1,450.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY
Written by: Patrick Ryan
Albany, the capital of New York state, is a renter’s haven. With ample housing supply, little traffic and a stable economy, Albany is trending upward. I'm Patrick, your ApartmentHomeLiving.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.