Cheap Apartments for Rent in Albany, NY
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PET FRIENDLYRedstone Residential
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Albany Management Group, LLC
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Average Rent Trends in Albany, NY
Rent in Albany, NY varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Jun 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,600 |
| Aug 2025 | $1,627 |
| Sep 2025 | $1,580 |
| Oct 2025 | $1,550 |
| Nov 2025 | $1,550 |
| Dec 2025 | $1,595 |
| Jan 2026 | $1,600 |
| Feb 2026 | $1,600 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,650 |
| May 2026 | $1,650 |
| Jun 2026 | $1,600 |
Average Rent By Bedroom and Home Type
In June 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,375 | $1,600 | $1,800 | $2,000 | $1,600 |
| Townhomes | $1,300 | $1,500 | $2,000 | $1,900 | $1,750 |
| Apartments and Condos | $1,351 | $1,550 | $1,750 | $2,000 | $1,550 |
| Houses | $1,150 | $1,650 | $2,200 | $2,200 | $2,095 |
Frequently Asked Questions about Rentals in Albany, NY
- What is the average rent of an apartment in Albany, NY?The average rent of an apartment in Albany, NY is $1,641 per month. This is about 15% lower than the national average.
- What is the average rent of a house in Albany, NY?The average rent of a house in Albany, NY is $2,095 per month. This is about 9% higher than the national average.
- What is the average rent of a townhome in Albany, NY?The average rent of a townhome in Albany, NY is $1,750 per month. This is about 9% lower than the national average.
- When is the average rent cheapest in Albany, NY?In the last year, the average rent in Albany, NY was lowest in Jun 2025 when it was $1,550 per month.
- When is the average rent most expensive in Albany, NY?In the last year, the average rent in Albany, NY was highest in Aug 2025 when it was $1,627 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Albany, NY?The average rent of a 1 bedroom apartment in Albany, NY is $1,375 per month. That is about $175 more than the cost of a studio apartment.
- How many available rental listings are in Albany, NY?There are 606 available rental listings in Albany, NY.
- What colleges and universities are in Albany, NY?Colleges and universities in Albany, NY include: University at Albany SUNY.
- What are some neighborhoods in Albany, NY?Some neighborhoods in Albany, NY include: Pine Hills, Loudonville, Campus Area (University District), Delaware Avenue, Westmere.
- What are some zip codes in Albany, NY?
- What are some cities near Albany, NY?Some nearby cities include: Menands, Latham, Guilderland, Slingerlands, Watervliet. These cities may have more rental options to explore.