
Cheap Apartments for Rent in the Central Avenue Neighborhood of Albany, NY from $600 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Avenue area of Albany.


68 Morris St

367 Hudson Ave

Willett Apartments

239 Elm St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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241 Elm St

Capitol Crossings

359 Washington Ave

100 Chestnut St

177 Lancaster St
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
Central Avenue, Albany, NY Local Guide

How much does it cost to rent an apartment in Central Avenue?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Central Avenue Studio Apartments | $1,287 | $900 | $2,000 |
Central Avenue 1 Bedroom Apartments | $1,553 | $700 | $2,400 |
Central Avenue 2 Bedroom Apartments | $2,039 | $1,200 | $3,585 |
Central Avenue 3 Bedroom Apartments | $1,748 | $1,215 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the Central Avenue Neighborhood of Albany, NY.
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Central Avenue, Albany, NY Local Guide
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Cheapest Available Central Avenue Apartments for Rent
 The cheapest available apartment rental in the Central Avenue area of Albany, NY is a Studio unit found at 361 State St priced from $900. 338 Hudson street has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Central Avenue apartments for rent in Albany, NY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
361 State St | Studio | Studio,1BA | $900 |
338 Hudson street | Studio, 1 Bathroom | Studio,1BA | $950 |
11 S Lake | Studio Apartment | Studio,1BA | $1,000 |
363 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,100 |
The Amsdell | Style A | Studio,1BA | $1,130 |
1395 Hudson | Studio A | Studio,1BA | $1,175 |
100 Chestnut St | Studio, 1 bath | Studio,1BA | $1,200 |
Capitol Crossings | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,200 |
ArtHouse Apartments | Studio | Studio,1BA | $1,250 |
Best Value Apartments for Rent in Central Avenue, NY
As of April 30, 2025 the best value apartment in the Central Avenue area is the $1.38 price per square foot 285 Lark St Model at 285 Lark St, Unit Main Floor in the in the Whitehall neighborhood starting from $1,800. The second greatest value Central Avenue apartment is the 1BD 1.5BA Model at Albany Lofts at One Broadway starting at $1,965 with a $1.56 price per square foot in the Arbor Hill neighborhood. Here is today’s list of the best values for Central Avenue apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
285 Lark St, Unit Main Floor | 285 Lark St | 2BR,2BA | $1.38 |
Albany Lofts at One Broadway | 1BD 1.5BA | 1BR,1.5BA | $1.56 |
Steuben Place Apartments | Two Bed Two Bath | 2BR,2BA | $1.82 |
South Lake Apartments, LLC | 2BR/1.0BA | 2BR,1BA | $1.83 |
ArtHouse Apartments | 1 Bedroom | 1BR,1BA | $1.94 |
The Kenmore | 306 | 1BR,1BA | $1.82 |
303 Hudson Ave, Unit 1 | 303 Hudson Ave | 1BR,1BA | $1.73 |
150 Lark St, Unit Garden | 150 Lark St | 1BR,1BA | $1.25 |
Willett Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.78 |
11 S Lake | Studio Apartment | Studio ,1BA | $1.82 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleCentral Avenue, Albany, NY
Ranked #20
Among neighborhoods in Albany, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Central Avenue Neighborhood in Albany, NY
Walk Score®
96 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
65 / 100
Bikeable
Some bike infrastructure
Transit Score®
68 / 100
Good Transit
Many 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.
Frequently Asked Questions about Cheap Central Avenue Apartments
What is a cheap apartment in Central Avenue?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Avenue is under $1,250.
What is the price of a cheap apartment in Central Avenue?
The cheapest apartment in Central Avenue is 361 State St which is listed at $1,050, while the average apartment in Central Avenue costs $1,995.
What types of apartments are the cheapest in Central Avenue?
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 2 regular apartments in Central Avenue that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

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.

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.