Cheap Apartments for Rent in Albany, NY from $500 with Washer/Dryer (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in Albany.

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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409 State St
1 Bedroom Apartments

409 State St

409 State StAlbany, NY 12210
  • Utilities Included

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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27 Western Ave
Studio to 2 Bedroom Apartments

27 Western Ave

27 Western AveAlbany, NY 12203
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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159 River St, Unit 166B
$1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300
Studio Apartment Available Sep 1

159 River St, Unit 166B

159 River StTroy, NY 12180
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164 River St, Unit 1
$1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300
2 Bedroom Apartment Available Sep 1

164 River St, Unit 1

164 River StTroy, NY 12180
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444 River Lofts
Studio to 3 Bedroom Apartments

444 River Lofts

444 River StTroy, NY 12180
Student Housing

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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4310-4351 Angela Ct
1 to 2 Bedroom Apartments

4310-4351 Angela Ct

4310-4351 Angela CtSchenectady, NY 12304
  • Utilities Included
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Hawthorne Gardens
1 to 2 Bedroom Apartments

Hawthorne Gardens

1980 Western AveGuilderland, NY 12084
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Hudson Pointe
Studio to 2 Bedroom Apartments

Hudson Pointe

2 Stanton StTroy, NY 12180
Corporate Housing
Showing Results 1-35, Page 1 of 1

Albany, NY Local Guide

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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How much rent can you afford?

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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Pet Friendly Lifestyle

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Among cities in New York for Apartment listings with Pet Friendly Amenities.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Albany, NY Rentals by Map

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See the most popular apartments and homes in Albany, NY

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Albany, NY Area Reviews

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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 $3,306.

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 $553 which is $2,753 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

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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.

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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.

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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.

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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.