Cheap Homes for Rent in Downtown Albany Neighborhood of Albany, NY from $700 (13 Rentals)

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

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

Downtown Albany, Albany, NY Local Guide

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 ListingModel NameBed/BathPriced From
142 Morton AveStudio, 1 BathroomStudio,1BA$800
Capitol GreenStudioStudio,1BA$875
361 State StStudioStudio,1BA$900
338 Hudson streetStudio, 1 BathroomStudio,1BA$950
Campus View ApartmentsStudio1BR,1BA$968

Best Value Apartments for Rent in Downtown Albany, NY

As of April 08, 2025 the best value apartment in the Downtown Albany area is the $1.20 price per square foot 238 Quail St Model at 238 Quail St, Unit 1 in the in the Whitehall neighborhood starting from $3,000. The second greatest value Downtown Albany apartment is the The James Model at 44 James starting at $2,400 with a $1.07 price per square foot in the Melrose neighborhood. Here is today’s list of the best values for Downtown Albany apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
238 Quail St, Unit 1238 Quail St5BR,2.5BA$1.20
44 JamesThe James2BR,1BA$1.07
442 Clinton Ave, Unit #2442 Clinton Ave3BR,2BA$1.18
459 Jay St, Unit 1459 Jay St2BR,1BA$0.96
361 Manning Blvd, Unit 2361 Manning Blvd3BR,1BA$1.21
285 Lark St, Unit second floor285 Lark St2BR,2BA$1.31
31 Wellington Ave, Unit #131 Wellington Ave2BR,1BA$1.30
412 Broadway33/341BR,1.5BA$1.31
246 Delaware Ave, Unit 1 East246 Delaware Ave2BR,1BA$1.12
150 Lark St, Unit Garden150 Lark St1BR,1BA$1.25

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Frequently Asked Questions about Downtown Albany

What type of rentals are currently available in Downtown Albany?

There are currently 890 Apartments for Rent in Downtown Albany, NY with pricing that ranges from $700 to $4,250. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Albany ranging from $750 to $5,750.

What is the current price range for Rental Homes in Downtown Albany?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Albany ranges from $750 to $5,750 with an average monthly rent of $2,248.

How much are larger Three and Four Bedroom Rentals in Downtown Albany?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Albany range from $1,149 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,600.

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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.