4xx Morris St
AlbanyNY12208
Cheap Apartments for Rent in the Downtown Neighborhood of Albany, NY from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albany.
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45 Park Ave
AlbanyNY12202
68 Morris St
AlbanyNY12208
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
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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.
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Showing Results 1-22, Page 1 of 1
Downtown, Albany, NY Local Guide
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,383 | $900 | $2,180 |
| Downtown 1 Bedroom Apartments | $1,599 | $700 | $2,400 |
| Downtown 2 Bedroom Apartments | $2,006 | $1,200 | $3,265 |
| Downtown 3 Bedroom Apartments | $1,861 | $1,215 | $2,600 |
| Downtown 4 Bedroom Apartments | $2,175 | $1,600 | $2,750 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Albany, NY.
See all Apartments in AlbanyExplore Albany
Downtown, Albany, NY Local Guide
- Nearby Albany neighborhoods
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Albany, NY is a Studio unit found at 142 Morton Ave priced from $800. 361 State St has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Downtown apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $800 |
| 361 State St | Studio | Studio,1BA | $900 |
| 338 Hudson street | Studio, 1 Bathroom | Studio,1BA | $950 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
| The Amsdell | Style A | Studio,1BA | $1,130 |
Best Value Apartments for Rent in Downtown, NY
As of April 17, 2025 the best value apartment in the Downtown area is the $0.98 price per square foot The James Model at 44 James in the in the Melrose neighborhood starting from $2,195. The second greatest value Downtown apartment is the 442 Clinton Ave Model at 442 Clinton Ave, Unit #2 starting at $2,000 with a $1.18 price per square foot in the Whitehall neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 44 James | The James | 2BR,1BA | $0.98 |
| 442 Clinton Ave, Unit #2 | 442 Clinton Ave | 3BR,2BA | $1.18 |
| 285 Lark St, Unit second floor | 285 Lark St | 2BR,2BA | $1.31 |
| Albany Lofts at One Broadway | 1BD 1.5BA | 1BR,1.5BA | $1.56 |
| 141 Eagle St, Unit 1 | 141 Eagle St | 1BR,1BA | $1.33 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| 99 Pine Street | 1BR/1.0BA | 1BR,1BA | $1.42 |
| 49 Broadway, Unit floor 2 | 49 Broadway | 1BR,1BA | $1.50 |
| Willett Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.78 |
| 150 Lark St, Unit Garden | 150 Lark St | 1BR,1BA | $1.25 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown, Albany, NY
Ranked #22
Among neighborhoods in Albany, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Apartments
What is the Cheapest Studio apartment in Downtown?
Currently the most affordable Cheap Studio Apartment in Downtown is at 142 Morton Ave listed at $800.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $1,050 at 361 State St.
What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $1,200 at 361 State St.
What is the most affordable Downtown Three Bedroom Apartment?
The best deal on a cheap Downtown 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.
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.
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.
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.