Cheap Homes for Rent in Central Avenue Neighborhood of Albany, NY from $1,400 (8 Rentals)

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

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.

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

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

Best Value Apartments for Rent in Central Avenue, NY

As of April 26, 2025 the best value apartment in the Central Avenue area is the $1.56 price per square foot 1BD 1.5BA Model at Albany Lofts at One Broadway in the in the Arbor Hill neighborhood starting from $1,965. The second greatest value Central Avenue apartment is the Two Bed Two Bath Model at Steuben Place Apartments starting at $1,995 with a $1.82 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.
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
Willett Apartments2 Bedroom 1 Bathroom2BR,1BA$1.78
150 Lark St, Unit Garden150 Lark St1BR,1BA$1.25
930 On Broadway2041BR,1BA$1.95
11 S LakeStudio ApartmentStudio ,1BA$1.82
361 State StStudioStudio ,1BA$2.25

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Frequently Asked Questions about Central Avenue

What type of rentals are currently available in Central Avenue?

There are currently 309 Apartments for Rent in Central Avenue, NY with pricing that ranges from $700 to $3,585. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Avenue ranging from $1,450 to $2,100.

What is the current price range for Rental Homes in Central Avenue?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Avenue ranges from $1,450 to $2,100 with an average monthly rent of $1,566.

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.

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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.