491 Morris St
AlbanyNY12208
Cheap Apartments for Rent in the Downtown Albany Neighborhood of Albany, NY from $500 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Albany area of Albany.
5 Summit Ave
AlbanyNY12209
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109 Philip St
AlbanyNY12202
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from $968Studio to 1 Bedroom Apartments Available Now
Campus View Apartments
10 Brevator StAlbany, NY 12203
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from $970Studio to 2 Bedroom Apartments Available Now
66 State Street Partners, L.P.
66 State StAlbany, NY 12207
320 1st St
AlbanyNY12206
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367 Hudson Ave
AlbanyNY12210
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Rent Specials
from $1,015Studio to 3 Bedroom Apartments Available Now
Willett Apartments
88 Willett StAlbany, NY 12210
328 Madison Ave
AlbanyNY12210
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Rent Specials
from $1,095Studio Apartments Available Now
Luna Studios
1383 Washington AveAlbany, NY 12206
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from $1,1002 to 6 Bedroom Apartments Available Now
Downtown Student Housing
491 Hamilton StAlbany, NY 12203
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Showing Results 1-34, Page 1 of 1
Downtown Albany, Albany, NY Local Guide
How much does it cost to rent an apartment in Downtown Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Albany Studio Apartments | $1,353 | $875 | $2,180 |
| Downtown Albany 1 Bedroom Apartments | $1,603 | $650 | $2,500 |
| Downtown Albany 2 Bedroom Apartments | $1,895 | $1,100 | $4,250 |
| Downtown Albany 3 Bedroom Apartments | $1,617 | $700 | $2,600 |
| Downtown Albany 4 Bedroom Apartments | $2,107 | $1,650 | $2,540 |
| Downtown Albany 5 Bedroom Apartments | $2,735 | $2,000 | $3,330 |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Downtown Albany Neighborhood of Albany, NY.
See all Apartments in AlbanyExplore Albany
Downtown Albany, Albany, NY Local Guide
- Nearby Albany neighborhoods
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Cheapest Available Downtown Albany Apartments for Rent
The cheapest available apartment rental in the Downtown Albany area of Albany, NY is a Studio unit found at 142 Morton Ave priced from $800. Capitol Green has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Downtown Albany apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $800 |
| Capitol Green | Studio | Studio,1BA | $875 |
| 361 State St | Studio | Studio,1BA | $900 |
| 338 Hudson street | Studio, 1 Bathroom | Studio,1BA | $950 |
| Campus View Apartments | Studio | 1BR,1BA | $968 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
| 11 S Lake | Studio Apartment | Studio,1BA | $1,000 |
| 66 State Street Partners, L.P. | 1B1RC | 1BR,1BA | $1,095 |
| Downtown Student Housing | 2 Bedroom | 2BR,2BA | $1,100 |
| The Amsdell | Style A | Studio,1BA | $1,130 |
Best Value Apartments for Rent in Downtown Albany, NY
As of March 03, 2025 the best value apartment in the Downtown Albany area is the $1.31 price per square foot 3BR/2.0BA Model at Hinckel Brewery Development LLC in the in the Whitehall neighborhood starting from $2,100. The second greatest value Downtown Albany apartment is the 459 Jay St Model at 459 Jay St, Unit 1 starting at $1,350 with a $0.96 price per square foot in the Whitehall neighborhood. Here is today’s list of the best values for Downtown Albany apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hinckel Brewery Development LLC | 3BR/2.0BA | 3BR,2BA | $1.31 |
| 459 Jay St, Unit 1 | 459 Jay St | 2BR,1BA | $0.96 |
| 932 Western Ave, Unit 932 western ave apt 2 | 932 Western Ave | 3BR,1BA | $1.29 |
| 58 Pinehurst Ave, Unit 1 | 58 Pinehurst Ave | 3BR,1BA | $1.07 |
| Crestwood Townhomes | The Monroe | 2BR,1BA | $1.28 |
| 17 Bertha St, Unit Upstairs | 17 Bertha St | 2BR,1BA | $1.16 |
| 31 Wellington Ave, Unit #1 | 31 Wellington Ave | 2BR,1BA | $1.30 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| 1095 Western Ave, Unit 1W | 1095 Western Ave | 2BR,1BA | $1.14 |
| 140 Grand St, Unit Basement Apartment | 140 Grand St | 1BR,1BA | $1.30 |
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Pet Friendly LifestyleDowntown Albany, Albany, NY
Ranked #27
Among neighborhoods in Albany, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Albany, Albany, NY
William S Hackett Middle School
Albany City School District
Public School - Grades 6-8 (672)
3 out of 10
School data provided by Great Schools
Best Local Schools in Downtown Albany, Albany, NY
William S Hackett Middle School
Albany City School District
Public School - Grades 6-8 (672)
3 out of 10
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers works hard to bring you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across New York, including Albany. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Albany Apartments
What is the Cheapest Studio apartment in Downtown Albany?
Currently the most affordable Cheap Studio Apartment in Downtown Albany is at 142 Morton Ave listed at $800.
How much is rent for a Cheap One Bedroom Downtown Albany Apartment?
The lowest price for a Cheap One Bedroom Downtown Albany Apartment is $968 at Campus View Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Albany Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Albany is starting from $1,100 at Capitol Green.
What is the most affordable Downtown Albany Three Bedroom Apartment?
The best deal on a cheap Downtown Albany Three Bedroom Apartment rental is at 361 State St and starts from $1,450.
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.
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.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
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.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.