Cheap Apartments for Rent in Albany, NY
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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 stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jul 2026 | $1,600 |
| Aug 2026 | $1,600 |
| Sep 2026 | $1,600 |
Average Rent By Bedroom and Home Type
In September 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 | $1,350 | $1,650 | $1,775 | $2,000 | $1,650 |
| Townhomes | $1,275 | $2,000 | $1,975 | $1,600 | $1,975 |
| Apartments and Condos | $1,350 | $1,600 | $1,750 | $1,955 | $1,572 |
| Houses | $1,150 | $1,850 | $2,200 | $2,400 | $2,200 |
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 $1,951 per month. This is about 0% higher than the national average.
- What are the cheapest months to find an apartment to rent in Albany, NY?Last year, the cheapest month to find an apartment to rent was Jun 2025 when it was $1,550 per month.
- How many cheap apartments are available in Albany, NY?There are 372 apartments to rent that are cheaper than the city’s average rent of $1,650.
- 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 $1,350 per month. That is about $250 more than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en Albany, NY - 927 Rentas | Trulia