
Cheap Apartments for Rent in Albany, NY from $500 (130 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in Albany.


State Street Tower Apartments

252 state street

409 State St

71 chestnut street

Merchant Walter House

The Amsdell

325 State Street

775 Myrtle Ave

69 Trinity Place
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.

Swinburne Commons Apartments

199 S Allen St

50 Manning Blvd

255 State St

Colvin Avenue Commons

105 Morris Apartments

99 Pine Street

309 State St

27 Western Ave

The Livingston
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

338 Hudson street

Total Monthly Price
126 4th St, Unit 1

Total Monthly Price
350 Congress St, Unit 350 Congress Street

Wade Towers & Garden Apartments

Kelsey Commons

640 3rd Ave

937 Broadway

Total Monthly Price
43 John St, Unit 1

Parkline Apartments

355 Monroe St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

19 Idlewild Park

Latham Village Aptartments

118 4th St, Unit Brownstone apt top floor

The Fulton

61 Vanderburgh Ave, Unit 2

14 Residence Inn Dr

Park Guilderland Apartment Homes

11 Residence Inn Dr

The Valley Green

Brandywine Apartments
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

Towers on Hudson

Mohawk Village

Park Hill Lane Apartments

Menands Gardens

Primrose Gardens

Total Monthly Price
99 Ferry St, Unit 3A

Total Monthly Price
516 4th St

2156 5th Ave

Presidential Townhome Rentals

Dutch Village Apartments
Albany, NY Local Guide

How much does it cost to rent an apartment in Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Albany Studio Apartments | $1,400 | $650 | $2,214 |
| Cheap Albany 1 Bedroom Apartments | $1,661 | $750 | $2,796 |
| Cheap Albany 2 Bedroom Apartments | $2,117 | $990 | $10,000+ |
| Cheap Albany 3 Bedroom Apartments | $2,013 | $750 | $4,507 |
| Cheap Albany 4 Bedroom Apartments | $1,592 | $575 | $3,635 |
| Albany 5 Bedroom Apartments | $2,593 | $700 | $3,500 |
Browse Top Apartments in Albany
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Albany, NY Area Reviews
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 256 state street which is listed at $950, while the average apartment in Albany costs $2,430.
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 247 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 $654 which is $1,776 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

A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY
Written by: Patrick Ryan
Albany, the capital of New York state, is a renter’s haven. With ample housing supply, little traffic and a stable economy, Albany is trending upward. I'm Patrick, your ApartmentHomeLiving.

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.