705 Hudson Ave
AlbanyNY12203
Cheap Homes for Rent in Downtown Albany Neighborhood of Albany, NY from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Albany area of Albany.
4 Peyster St
AlbanyNY12208
366 New Scotland Ave
AlbanyNY12208
398 Madison Ave
AlbanyNY12210
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.
120 S Lake Ave
AlbanyNY12208
418 Delaware Ave
AlbanyNY12209
43 First Street, Unit Basement
43 First Street
AlbanyNY12210
97 Ten Broeck St, Unit 2
97 Ten Broeck St
AlbanyNY12210
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
18 Second Ave
AlbanyNY12202
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Downtown Albany, Albany, NY Local Guide
How much does it cost to rent a home in Downtown Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Albany 2 Bedroom Homes for Rent | $1,618 | $1,250 | $2,200 |
| Downtown Albany 3 Bedroom Homes for Rent | $1,697 | $1,300 | $2,500 |
| Downtown Albany 4 Bedroom Homes for Rent | $2,160 | $1,800 | $2,400 |
| Downtown Albany 5 Bedroom Homes for Rent | $2,816 | $2,500 | $3,125 |
| Downtown Albany 6 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
| Downtown Albany 7 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Albany Neighborhood of Albany, NY.
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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 |
Best Value Apartments for Rent in Downtown Albany, NY
As of April 29, 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 $1,995 with a $0.89 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 238 Quail St, Unit 1 | 238 Quail St | 5BR,2.5BA | $1.20 |
| 44 James | The James | 2BR,1BA | $0.89 |
| 459 Jay St, Unit 1 | 459 Jay St | 2BR,1BA | $0.96 |
| Crestwood Townhomes | 2BR Monroe Townhome | 2BR,1BA | $1.32 |
| 541 Washington Ave, Unit 2 | 541 Washington Ave | 4BR,1BA | $1.32 |
| Downtown Student Housing | 3 Bedroom | 3BR,2BA | $1.33 |
| 141 Eagle St, Unit 1 | 141 Eagle St | 1BR,1BA | $1.33 |
| 31 Wellington Ave, Unit #1 | 31 Wellington Ave | 2BR,1BA | $1.30 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| 150 Lark St, Unit Garden | 150 Lark St | 1BR,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 911 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 $3,500.
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 $3,500 with an average monthly rent of $2,149.
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 $1,215 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 $1,550.
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.
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.
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.