What's the average rent in Albany, NY?

Rental Market Trends in Albany, NY

SOURCE: TRULIA DATA

Rental market highlights

As of July 2026, the average rent in Albany, NY is $1,600 per month, which is 19% lower than the national average rent of $1,965 per month.

AVERAGE RENT

$1,600

0.0%No change month over month

-1.1%-$18 decrease year-over-year

AVAILABLE RENTALS

607

APARTMENTS

$1,689

HOUSES

$2,100

TOWNHOUSES

$1,694

As of July 2026, apartments are the most affordable rental option in Albany, NY at $1,689 per month, while houses are the most expensive at $2,100 per month. Townhomes average $1,694 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,350
2 Bedrooms	$1,600
3 Bedrooms	$1,773
4 Bedrooms	$2,000
All	$1,600

As of July 2026, the average rent for a 1 bedroom rental in Albany, NY is $1,350 per month, followed by $1,600 for a 2 bedroom rental, $1,773 for a 3 bedroom rental, and $2,000 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,350
2 Bedrooms	$1,650
3 Bedrooms	$1,975
4 Bedrooms	$1,711
All	$1,694

As of July 2026, the average rent for a 1 bedroom townhome in Albany, NY is $1,350 per month, followed by $1,650 for a 2 bedroom townhome, $1,975 for a 3 bedroom townhome, and $1,711 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,300
2 Bedrooms	$1,550
3 Bedrooms	$1,750
4 Bedrooms	$2,000
All	$1,545

As of July 2026, the average rent for a 1 bedroom apartment in Albany, NY is $1,300 per month, followed by $1,550 for a 2 bedroom apartment, $1,750 for a 3 bedroom apartment, and $2,000 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$750
2 Bedrooms	$1,700
3 Bedrooms	$2,300
4 Bedrooms	$2,095
All	$2,100

As of July 2026, the average rent for a 1 bedroom house in Albany, NY is $750 per month, followed by $1,700 for a 2 bedroom house, $2,300 for a 3 bedroom house, and $2,095 for a 4 bedroom house.