close
View Me
Top Rated Cheap Apartments for Rent in Albany, NY from $500 (25 Rentals)
Apartments in Albany with the best features, newest construction, and richest amenities.
Search the lowest-cost Apartments available for rent right now in Albany.
close
View Me
close
View Me
from $1,1002 to 6 Bedroom Apartments Available Now
Downtown Student Housing
491 Hamilton StAlbany, NY 12203
close
View Me
from $1,1501 Bedroom Apartments Contact Us For Availability
@HudsonPark
160 Myrtle AveAlbany, NY 12202
close
View Me
close
View Me
close
View Me
from $1,1901 to 3 Bedroom Apartments Available Now
Tivoli Park Apartments
469 Livingston AveAlbany, NY 12206
close
View Me
close
View Me
close
View Me
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
close
View Me
Rent Specials
from $1,2541 to 2 Bedroom Apartments Available Now
Loudon Arms
16 Old Hickory DrAlbany, NY 12204
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
from $1,212Studio to 2 Bedroom Apartments Available Now
Highland Club Apartments
20 Eastview DrWatervliet, NY 12189
close
View Me
Rent Specials
from $1,2751 to 2 Bedroom Apartments Available Now
Dutch Village Apartments
195 Van Rensselaer BlvdMenands, NY 12204
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Showing Results 1-25, Page 1 of 1
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 | $1,332 | $725 | $2,145 |
| Albany 1 Bedroom Apartments | $1,668 | $700 | $4,262 |
| Albany 2 Bedroom Apartments | $2,047 | $950 | $4,893 |
| Albany 3 Bedroom Apartments | $2,279 | $949 | $7,153 |
| Albany 4 Bedroom Apartments | $1,867 | $700 | $2,750 |
| Albany 5 Bedroom Apartments | $2,308 | $675 | $3,330 |
Explore Albany
Albany, NY Local Guide
- Albany Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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
Do you know the Albany area?
Let everyone know!
Write a Review
Frequently Asked Questions about Cheap Albany Apartments
What is a cheap apartment in Albany?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Albany is under $1,000.
What is the price of a cheap apartment in Albany?
The cheapest apartment in Albany is The Valley Green which is listed at $950, while the average apartment in Albany costs $2,428.
What types of apartments are the cheapest in Albany?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 118 regular apartments in Albany that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Albany?
Cheap apartments in Albany have an average cost of $472 which is $1,956 cheaper than the average rent for all rentals in Albany.
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.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.