Cheap Apartments for Rent in the Central Avenue Neighborhood of Albany, NY from $600 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Avenue area of Albany.

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336 Hudson street
Studio to 2 Bedroom Apartments

336 Hudson street

336 Hudson AveAlbany, NY 12210

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

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325 State Street
Studio to 2 Bedroom Apartments

325 State Street

325 State StAlbany, NY 12210
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252 state street
Studio to 2 Bedroom Apartments

252 state street

252 State StAlbany, NY 12210
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256 state street
Studio to 1 Bedroom Apartments

256 state street

256 State StAlbany, NY 12210
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409 State St
1 Bedroom Apartments

409 State St

409 State StAlbany, NY 12210
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Central Avenue, Albany, NY Local Guide

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 ListingModel NameBed/BathPriced From
361 State StStudioStudio,1BA$900
338 Hudson streetStudio, 1 BathroomStudio,1BA$950
11 S LakeStudio ApartmentStudio,1BA$1,000
363 state street1 Bedroom, 1 Bathroom1BR,1BA$1,100
The AmsdellStyle AStudio,1BA$1,130
1395 HudsonStudio AStudio,1BA$1,175
100 Chestnut StStudio, 1 bathStudio,1BA$1,200
Capitol Crossings1 Bedroom 1 Bathroom1BR,1BA$1,200
ArtHouse ApartmentsStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
285 Lark St, Unit Main Floor285 Lark St2BR,2BA$1.38
Albany Lofts at One Broadway1BD 1.5BA1BR,1.5BA$1.56
Steuben Place ApartmentsTwo Bed Two Bath2BR,2BA$1.82
South Lake Apartments, LLC2BR/1.0BA2BR,1BA$1.83
ArtHouse Apartments1 Bedroom1BR,1BA$1.94
The Kenmore3061BR,1BA$1.82
303 Hudson Ave, Unit 1303 Hudson Ave1BR,1BA$1.73
150 Lark St, Unit Garden150 Lark St1BR,1BA$1.25
Willett Apartments2 Bedroom 1 Bathroom2BR,1BA$1.78
11 S LakeStudio ApartmentStudio ,1BA$1.82

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Pet Friendly Lifestyle
Central Avenue, Albany, NY

Ranked #20

Among neighborhoods in Albany, NY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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.

decorative image for A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY article

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.

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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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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.

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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.