146 Clinton St
AlbanyNY12202
Cheap Homes for Rent in Downtown Neighborhood of Albany, NY from $1,000 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Albany.
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130 S Pearl St
AlbanyNY12202
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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33 Elm St
AlbanyNY12202
18 Second Ave
AlbanyNY12202
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Downtown, Albany, NY Local Guide
How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $1,616 | $1,090 | $2,300 |
| Downtown 3 Bedroom Homes for Rent | $1,937 | $1,325 | $3,200 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Albany, NY.
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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 $850. 44 James has the second lowest priced unit, which is a Studio apartment currently listed from $995. 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 | $850 |
| 44 James | 205 | Studio,1BA | $995 |
| @HudsonPark | 0BR/1.0BA | Studio,1BA | $1,050 |
Best Value Apartments for Rent in Downtown, NY
As of December 25, 2025 the best value apartment in the Downtown area is the $1.21 price per square foot 182 Washington Ave Model at 182 Washington Ave, Unit Third floor mansion apt. in the in the Whitehall neighborhood starting from $2,000. The second greatest value Downtown apartment is the Plan 508 Model at The Monroe starting at $2,385 with a $1.59 price per square foot in the Arbor Hill 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. |
|---|---|---|---|
| 182 Washington Ave, Unit Third floor mansion apt. | 182 Washington Ave | 3BR,1BA | $1.21 |
| The Monroe | Plan 508 | 2BR,2BA | $1.59 |
| 107 3rd Ave, Unit Neilzen | 107 3rd Ave | 3BR,1BA | $1.21 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| The Lofts at 733 Broadway | Unit 204 | 1BR,1BA | $1.38 |
| The MCManus | Two Bedroom | 2BR,1BA | $1.72 |
| Hinckel Brewery Development LLC | 1BR/1.0BA | 1BR,1BA | $1.55 |
| 498 Madison Ave, Unit 2nd | 498 Madison Ave | 2BR,1BA | $1.50 |
| 18 Willett St, Unit Apt 3 | 18 Willett St | 2BR,1BA | $1.78 |
| 96- 100 Chestnut St | 2 Bedroom | 2BR,1BA | $1.82 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleDowntown, Albany, NY
Ranked #22
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 400 Apartments for Rent in Downtown, NY with pricing that ranges from $995 to $2,995. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,000 to $3,200.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $1,000 to $3,200 with an average monthly rent of $1,508.
Expert Rental Resources
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.
Articles, How-To's, and Tips
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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.