Cheap Apartments for Rent in the Mansion Area Albany, NY from $500 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mansion Area area of Albany.

Capitol Green

469 Delaware Ave

238 Ontario St

91 Columbia St

31-33 N Pearl St

Willett Apartments
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.

@HudsonPark

361 State St

390 Clinton Ave

The Knick

386 Madison Ave, Unit Garden Level

59 Ontario St

3 Dana Ave

11 Myrtle Ave
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.

578 Madison Ave

5 Irving St

Downtown Student Housing

139 Madison Ave
Cash 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.
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Mansion Area, Albany, NY Local Guide

How much does it cost to rent an apartment in Mansion Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mansion Area Studio Apartments | $1,232 | $800 | $1,980 |
| Mansion Area 1 Bedroom Apartments | $1,522 | $975 | $2,215 |
| Mansion Area 2 Bedroom Apartments | $1,859 | $1,100 | $3,285 |
| Mansion Area 3 Bedroom Apartments | $1,722 | $1,215 | $2,500 |
| Mansion Area 4 Bedroom Apartments | $2,136 | $1,700 | $2,860 |
Browse Apartments in this Neighborhood
There are currently 37 rentals with your search options within a 2 mile radius of the Mansion Area Neighborhood of Albany, NY.
See all Apartments in AlbanyExplore Albany
Mansion Area, Albany, NY Local Guide
- Nearby Albany neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Available Mansion Area Apartments for Rent
 The cheapest available apartment rental in the Mansion Area area of Albany, NY is a Studio unit found at 142 Morton Ave priced from $850. Capitol Green has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Mansion Area apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $850 |
| Capitol Green | Studio | Studio,1BA | $875 |
| 44 James | 205 | Studio,1BA | $995 |
| 256 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| @HudsonPark | 0BR/1.0BA | Studio,1BA | $1,050 |
| The Knick | Studio D | Studio,1BA | $1,065 |
| Downtown Student Housing | 2 Bedroom | 2BR,2BA | $1,100 |
Best Value Apartments for Rent in Mansion Area, NY
As of December 16, 2025 the best value apartment in the Mansion Area 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 Mansion Area apartment is the 372 Morris St Model at 372 Morris St, Unit 372 Morris starting at $1,695 with a $1.11 price per square foot in the Whitehall neighborhood. Here is today’s list of the best values for Mansion Area 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 |
| 372 Morris St, Unit 372 Morris | 372 Morris St | 3BR,1BA | $1.11 |
| 107 3rd Ave, Unit Neilzen | 107 3rd Ave | 3BR,1BA | $1.21 |
| 534 Hamilton St, Unit 2 | 534 Hamilton St | 1BR,1BA | $0.73 |
| 589 Washington Ave, Unit 1 | 589 Washington Ave | 4BR,1BA | $1.37 |
| Downtown Student Housing | 3 Bedroom | 3BR,2BA | $1.33 |
| 18 Willett St, Unit Apt 3 | 18 Willett St | 2BR,1BA | $1.33 |
| 95 3rd Ave, Unit 1 | 95 3rd Ave | 3BR,1BA | $1.34 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| The Lofts at 733 Broadway | Unit 204 | 1BR,1BA | $1.38 |
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.
Read ArticleThe 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 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.
Pet Friendly LifestyleMansion Area, Albany, NY
Ranked #11
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Mansion Area, Albany, NY
Giffen Memorial Elementary School
William S Hackett Middle School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across New York including Mansion Area, Albany, and the greater Albany area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.
Getting Around the Mansion Area Neighborhood in Albany, NY
Walk Score®
92 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
55 / 100
Bikeable
Some bike infrastructure
Transit Score®
70 / 100
Excellent Transit
Transit is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Mansion Area Apartments
What is a cheap apartment in Mansion Area?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mansion Area is under $1,100.
What is the price of a cheap apartment in Mansion Area?
The cheapest apartment in Mansion Area is Capitol Green which is listed at $975, while the average apartment in Mansion Area costs $3,000.
What types of apartments are the cheapest in Mansion Area?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Mansion Area that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Mansion Area?
Cheap apartments in Mansion Area have an average cost of $685 which is $2,315 cheaper than the average rent for all rentals in Mansion Area.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

















