1820 Highland Ave
TroyNY12180
Cheap Homes for Rent in Albany, NY from $500 (22 Rentals)
Search the lowest-cost Homes available for rent right now in Albany.
88 14th St
TroyNY12180
51 14th St
TroyNY12180
49 Chestnut St
RensselaerNY12144
1425 5th Ave
TroyNY12180
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
3 Vly Rd
ColonieNY12205
366 New Scotland Ave
AlbanyNY12208
4 Peyster St
AlbanyNY12208
705 Hudson Ave
AlbanyNY12203
398 Madison Ave
AlbanyNY12210
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
317 2nd St
TroyNY12180
48 Ida St, Unit 1
48 Ida St
TroyNY12180
120 S Lake Ave
AlbanyNY12208
418 Delaware Ave
AlbanyNY12209
43 First Street, Unit Basement
43 First Street
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.
250 Lark St
AlbanyNY12210
230-232-232 Quail St
AlbanyNY12203
260 Madison St
TroyNY12180
18 Second Ave
AlbanyNY12202
58 Mann Ave
TroyNY12180
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
531 Hamilton St
AlbanyNY12203
96 Ontario St
AlbanyNY12206
Showing Results 1-22, Page 1 of 1
Albany, NY Local Guide
How much does it cost to rent a home in Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albany 2 Bedroom Homes for Rent | $1,758 | $550 | $3,000 |
| Albany 3 Bedroom Homes for Rent | $1,920 | $1,200 | $2,750 |
| Albany 4 Bedroom Homes for Rent | $2,651 | $1,750 | $4,700 |
| Albany 5 Bedroom Homes for Rent | $2,377 | $685 | $3,125 |
| Albany 6 Bedroom Homes for Rent | $1,450 | $900 | $2,000 |
Browse Top Homes for Rent in Albany
Explore Albany
Albany, NY Local Guide
- Albany Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Albany, NY
Pricing Updated: 05/16/2025Current apartment rentals in the Albany, NY area range in price from $650 to $4,330 with an overall median price of $2,500. The three Albany neighborhoods with the lowest median rent pricing are Hamilton Hill at $1,500, Central State at $805, and Downtown at $700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albany Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Hamilton Hill | $1,550 | $1,500 | 4 |
| Central State | $1,764 | $805 | 24 |
| Downtown | $1,850 | $700 | 92 |
| North Albany Shaker Park | $1,850 | $700 | 138 |
| Central Avenue | $1,945 | $700 | 73 |
| Downtown Schenectady | $1,992 | $795 | 69 |
| Mt Pleasant | $1,992 | $795 | 63 |
| Center Square | $1,995 | $700 | 55 |
| Dunes | $2,040 | $875 | 60 |
| Capitol Hill | $2,100 | $700 | 59 |
Cheapest Available Albany Apartments for Rent
The cheapest available apartment rental in Albany, NY is a Studio unit found at 142 Morton Ave in the Whitehall neighborhood priced from $850. Capitol Green in the Whitehall neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here is today’s list of the most affordable Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $850 |
| Capitol Green | Studio | Studio,1BA | $875 |
| 361 State St | Studio | Studio,1BA | $900 |
| 338 Hudson street | Studio, 1 Bathroom | Studio,1BA | $950 |
| The Valley Green | Shared 2 Bed 1 Bath B | 1BR,1BA | $950 |
Best Value Apartments for Rent in Albany, NY
As of May 16, 2025 the best value apartment in the Albany area is the $0.89 price per square foot The James Model at 44 James in the in the Melrose neighborhood starting from $1,995. The second greatest value Albany apartment is the Granite Standard Model at Presidential Townhome Rentals starting at $1,910 with a $1.17 price per square foot in the Dunes neighborhood. Here is today’s list of the best values for Albany apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 44 James | The James | 2BR,1BA | $0.89 |
| Presidential Townhome Rentals | Granite Standard | 2BR,1.5BA | $1.17 |
| 160 River St, Unit 160 | 160 River St | 2BR,1BA | $0.97 |
| 126 4th St, Unit 1 | 126 4th St | 1BR,1BA | $0.58 |
| 182 River St, Unit 166 River St apt C | 182 River St | 2BR,1BA | $1.08 |
| 164 River St, Unit 1 | 164 River St | 2BR,1BA | $1.18 |
| 184 River St, Unit 184 River Street | 184 River St | 1BR,1BA | $1.18 |
| 246 Delaware Ave, Unit 2 West | 246 Delaware Ave | 2BR,1BA | $1.01 |
| 97 Congress St, Unit 1st floor | 97 Congress St | 1BR,1BA | $1.11 |
| The Valley Green | Shared 2 Bed 1 Bath B | 1BR,1BA | $1.09 |
Quick Rent Budget Calculator
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Albany, NY Area Reviews
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Frequently Asked Questions about Albany
What type of rentals are currently available in Albany?
There are currently 1410 Apartments for Rent in Albany, NY with pricing that ranges from $650 to $7,489. There are also 113 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $550 to $4,700.
What is the current price range for Rental Homes in Albany?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Albany ranges from $550 to $4,700 with an average monthly rent of $1,751.
How much are larger Three and Four Bedroom Rentals in Albany?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Albany range from $650 to $7,489, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $700.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.