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$650 - $1,495Built in 2024Studio Apartments Available Now
1395 Hudson
1395 Washington AveAlbany, NY 12206
Cheap New Apartments for Rent in Albany, NY from $500 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Albany.
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$1,185 - $1,850Built in 2020Studio to 2 Bedroom Apartments Available Now
The Kennedy
45 Columbia StAlbany, NY 12207
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$1,195 - $1,595Built in 2020Studio to 3 Bedroom Apartments Available Now
The Knick
16 Sheridan AveAlbany, NY 12210
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$1,225Built in 20191 Bedroom Apartments Contact Us For Availability
@Hudson Park
160 Myrtle AveAlbany, NY 12202
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$1,250 - $2,100Built in 2017Studio to 2 Bedroom Apartments Available Now
20 Park Residences
20 Park StAlbany, NY 12207
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Built in 2024Studio Apartments
The Amsdell
175 Jay StAlbany, NY 12210
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Built in 20201 to 3 Bedroom Apartments
Swinburne Commons Apartments
526 Central AveAlbany, NY 12206
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
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Built in 20251 to 2 Bedroom Apartments
Colvin Avenue Commons
60 Colvin AveAlbany, NY 12206
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Built in 2021Studio to 2 Bedroom Apartments
105 Morris Apartments
105 Morris StAlbany, NY 12208
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$925 - $1,510Built in 2018Studio to 3 Bedroom Apartments Contact Us For Availability
Kelsey Commons
2301 Cambridge RdSchenectady, NY 12304
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$1,290 - $2,233Built in 2026Studio to 2 Bedroom Apartments Available Aug 8
Sol Apartments
1818 5th AveTroy, NY 12180
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Built in 2020Studio to 3 Bedroom Apartments
444 River Lofts
444 River StTroy, NY 12180
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Built in 20251 to 3 Bedroom Apartments
Hudson on Nine
5 Farm View DrSelkirk, NY 12158
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Built in 20181 Bedroom Apartments
22 High St
22 High StRensselaer, NY 12144
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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Albany, NY Local Guide
How much does it cost to rent an apartment in Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albany Studio Apartments | $1,429 | $650 | $2,015 |
| Albany 1 Bedroom Apartments | $1,677 | $750 | $3,147 |
| Albany 2 Bedroom Apartments | $2,122 | $990 | $10,000+ |
| Albany 3 Bedroom Apartments | $2,048 | $650 | $4,151 |
| Albany 4 Bedroom Apartments | $1,868 | $575 | $7,050 |
| Albany 5 Bedroom Apartments | $3,431 | $700 | $10,000+ |
Browse Top Apartments in Albany
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Albany, NY Local Guide
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Frequently Asked Questions about Cheap Albany Apartments
What is a cheap apartment in Albany?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Albany is under $1,050.
What is the price of a cheap apartment in Albany?
The cheapest apartment in Albany is 256 state street which is listed at $950, while the average apartment in Albany costs $3,300.
What types of apartments are the cheapest in Albany?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 216 regular apartments in Albany that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Albany?
Cheap apartments in Albany have an average cost of $554 which is $2,746 cheaper than the average rent for all rentals in Albany.
Expert Rental Resources
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.
Articles, How-To's, and Tips
The Best Neighborhoods for Renters While Attending College in Albany
Written by: Patrick Ryan
Albany, the Capital city of New York state, is revered for its unique architecture and storied history.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.