What's the average rent in Albany, NY?

Rental Market Trends in Albany, NY

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Albany, NY is $1,600 per month, which is 17% lower than the national average rent of $1,930 per month.

AVERAGE RENT

$1,600

-2.0%-$32 decrease month-over-month

3.2%$50 increase year-over-year

AVAILABLE RENTALS

598

APARTMENTS

$1,660

HOUSES

$2,200

TOWNHOUSES

$1,600

As of May 2026, townhomes are the most affordable rental option in Albany, NY at $1,600 per month, while houses are the most expensive at $2,200 per month. Apartments average $1,660 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$1,375
2 Bedrooms	$1,600
3 Bedrooms	$1,800
4 Bedrooms	$2,000
All	$1,600

As of May 2026, the average rent for a 1 bedroom rental in Albany, NY is $1,375 per month, followed by $1,600 for a 2 bedroom rental, $1,800 for a 3 bedroom rental, and $2,000 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	$1,300
2 Bedrooms	$1,500
3 Bedrooms	$2,350
4 Bedrooms	$1,900
All	$1,600

As of May 2026, the average rent for a 1 bedroom townhome in Albany, NY is $1,300 per month, followed by $1,500 for a 2 bedroom townhome, $2,350 for a 3 bedroom townhome, and $1,900 for a 4 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$1,300
2 Bedrooms	$1,600
3 Bedrooms	$1,750
4 Bedrooms	$2,000
All	$1,590

As of May 2026, the average rent for a 1 bedroom apartment in Albany, NY is $1,300 per month, followed by $1,600 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	$2,200
4 Bedrooms	$2,200
All	$2,200

As of May 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, $2,200 for a 3 bedroom house, and $2,200 for a 4 bedroom house.