Cheap Homes for Rent in Mount Hope Neighborhood of Albany, NY from $900 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Mount Hope area of Albany.

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.

property at 120 S Lake Ave

120 S Lake Ave

AlbanyNY12208

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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

Mount Hope, Albany, NY Local Guide

Cheapest Available Mount Hope Apartments for Rent

 

The cheapest available apartment rental in the Mount Hope area of Albany, NY is a Studio unit found at 142 Morton Ave priced from $850. 361 State St has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Mount Hope apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
142 Morton AveStudio, 1 BathroomStudio,1BA$850
361 State StStudioStudio,1BA$900
338 Hudson streetStudio, 1 BathroomStudio,1BA$950
Park Row and New Scotland Gardens ApartmentsPark Row Large 1 Bedroom1BR,1BA$1,116
The AmsdellStyle AStudio,1BA$1,130

Best Value Apartments for Rent in Mount Hope, NY

As of May 15, 2025 the best value apartment in the Mount Hope 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 Mount Hope apartment is the 73 Clinton St Model at 73 Clinton St, Unit 73 Clinton St 3rd fl starting at $1,900 with a $1.58 price per square foot in the Mount Hope neighborhood. Here is today’s list of the best values for Mount Hope apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
44 JamesThe James2BR,1BA$0.89
73 Clinton St, Unit 73 Clinton St 3rd fl73 Clinton St3BR,1BA$1.58
The EleftheriaSia2BR,2BA$1.48
412 Broadway33/341BR,1.5BA$1.31
Woodhill ApartmentsReinhardt2BR,1.5BA$1.68
99 Pine Street1BR/1.0BA1BR,1BA$1.42
208 Myrtle Ave, Unit #2208 Myrtle Ave1BR,1BA$1.35
246 Delaware Ave, Unit 2 West246 Delaware Ave2BR,1BA$1.01
49 Broadway, Unit floor 249 Broadway1BR,1BA$1.53
60 Holmes Ct, Unit 260 Holmes Ct1BR,1BA$1.75

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Frequently Asked Questions about Mount Hope

What type of rentals are currently available in Mount Hope?

There are currently 552 Apartments for Rent in Mount Hope, NY with pricing that ranges from $650 to $4,330. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mount Hope ranging from $900 to $2,700.

What is the current price range for Rental Homes in Mount Hope?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mount Hope ranges from $900 to $2,700 with an average monthly rent of $1,585.

How much are larger Three and Four Bedroom Rentals in Mount Hope?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Mount Hope range from $650 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,600.

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.

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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.

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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.

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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.

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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.