Cheap Apartments for Rent in Albany, NY from $575 with Washer/Dryer (53 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
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Park Place at 60 State
Studio to 2 Bedroom Apartments

Park Place at 60 State

60 State StAlbany, NY 12207
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343 Congress St, Unit B
$860

Total Monthly Price

Base Rent$860
Total Monthly Price$860
1 Bedroom Apartment Available Now

343 Congress St, Unit B

343 Congress StTroy, NY 12180
Furnished
  • Smoke Free

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

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

159 River St, Unit 166B

159 River StTroy, NY 12180
Cost Per Sq.Ft.
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164 River St, Unit 1
$1,300

Total Monthly Price

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

164 River St, Unit 1

164 River StTroy, NY 12180
Cost Per Sq.Ft.
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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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313 4th St, Unit #2
$1,400

Total Monthly Price

Base Rent$1,400
Total Monthly Price$1,400
2 Bedroom Apartment Available Sep 15

313 4th St, Unit #2

313 4th 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
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4310-4351 Angela Ct
1 to 2 Bedroom Apartments

4310-4351 Angela Ct

4310-4351 Angela CtSchenectady, NY 12304
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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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 $1,000.

What is the price of a cheap apartment in Albany?

The cheapest apartment in Albany is 71 chestnut street which is listed at $800, while the average apartment in Albany costs $1,786.

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 177 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 $762 which is $1,024 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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.