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Cheap Apartments for Rent in the Capitol Hill Neighborhood of Albany, NY from $600 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Capitol Hill area of Albany.
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Capitol Hill, Albany, NY Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Capitol Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Capitol Hill Studio Apartments | $1,141 | $1,015 | $1,400 |
| Capitol Hill 1 Bedroom Apartments | $1,415 | $1,075 | $2,200 |
| Capitol Hill 2 Bedroom Apartments | $1,796 | $1,100 | $2,995 |
| Capitol Hill 3 Bedroom Apartments | $1,754 | $1,215 | $1,975 |
| Capitol Hill 4 Bedroom Apartments | $1,950 | $1,950 | $1,950 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Capitol Hill Neighborhood of Albany, NY.
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Cheapest Available Capitol Hill Apartments for Rent
The cheapest available apartment rental in the Capitol Hill area of Albany, NY is a Studio unit found at 142 Morton Ave priced from $850. 256 state street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Capitol Hill apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $850 |
| 256 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Capitol Hill, NY
As of December 27, 2025 the best value apartment in the Capitol Hill area is the $2.14 price per square foot Garden Apartment Model at 5 Madison Pl in the in the Mount Hope neighborhood starting from $2,995. The second greatest value Capitol Hill apartment is the 1BR/1.0BA Model at Hinckel Brewery Development LLC starting at $1,550 with a $1.55 price per square foot in the Whitehall neighborhood. Here is today’s list of the best values for Capitol Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5 Madison Pl | Garden Apartment | 2BR,2BA | $2.14 |
| Hinckel Brewery Development LLC | 1BR/1.0BA | 1BR,1BA | $1.55 |
| Willett Apartments | Large 2 Bedroom 1 Bathroom | 2BR,1BA | $2.05 |
| 96- 100 Chestnut St | 2 Bedroom | 2BR,1BA | $1.82 |
| 66 Broad St, Unit 3 | 66 Broad St | 2BR,1BA | $1.93 |
| 20 Park Residences | 1 Bed | 1BR,1BA | $2.14 |
| The Reserve at Park South II | 0BR/1.0BA | Studio ,1BA | $2.46 |
| 329 Madison Ave, Unit 3 | 329 Madison Ave | 1BR,1BA | $2.00 |
| 386 Madison Ave, Unit Garden Level | 386 Madison Ave | 1BR,1BA | $1.95 |
| @HudsonPark | 0BR/1.0BA | Studio ,1BA | $2.16 |
Frequently Asked Questions about Cheap Capitol Hill Apartments
What is the Cheapest Studio apartment in Capitol Hill?
Currently the most affordable Cheap Studio Apartment in Capitol Hill is at 142 Morton Ave listed at $850.
How much is rent for a Cheap One Bedroom Capitol Hill Apartment?
The lowest price for a Cheap One Bedroom Capitol Hill Apartment is $1,050 at 256 state street.
What is the lowest price for a Cheap Two Bedroom Capitol Hill Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Capitol Hill is starting from $1,550 at 96- 100 Chestnut St.
Expert Rental Resources
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.
Articles, How-To's, and Tips
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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.