
Cheap Apartments for Rent in Albany, NY from $500 (138 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in Albany.


718 Western Ave

63 2nd Ave

Fort Fredrick Apartments

142 Morton Ave

Livingston School Apartments

Capitol Green

336 Hudson street

256 state street

Western Ave. Apartments
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.

Knox Street Apartments

363 state street

State Street Tower Apartments

409 State St

71 chestnut street

252 state street

Merchant Walter House

The Amsdell

775 Myrtle Ave

69 Trinity Place
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

Swinburne Commons Apartments

Colvin Avenue Commons

105 Morris Apartments

27 Western Ave

309 State St

338 Hudson street

The Livingston

126 4th St, Unit 1, Unit 1

Wade Towers & Garden Apartments

640 3rd Ave

Kelsey Commons

3545 Carman Rd

7 Balsam Ave, Unit 3F

Parkline Apartments

Total Monthly Price
1208 Broadway, Unit 1, Unit 1

7 Balsam Ave, Unit 2F

19 Idlewild Park

150 4th St

Caldwell Apartments

2550 Albany St

Latham Village Aptartments

Village One Apartments

1643 1st St

357 Monroe St

118 4th St, Unit Brownstone apt top floor, Unit Brownstone apt top floor

The Fulton

The Valley Green

429 3rd St, Unit 3

1639 5th Ave, Unit RPI all inclusive, Unit RPI all inclusive

1886 Ave B
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 | $1,444 | $810 | $2,211 |
| Cheap Albany 1 Bedroom Apartments | $1,659 | $700 | $4,494 |
| Cheap Albany 2 Bedroom Apartments | $2,075 | $1,070 | $4,780 |
| Cheap Albany 3 Bedroom Apartments | $2,016 | $989 | $8,740 |
| Cheap Albany 4 Bedroom Apartments | $1,632 | $575 | $3,635 |
| Albany 5 Bedroom Apartments | $3,980 | $2,350 | $10,000+ |
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 $1,050.
What is the price of a cheap apartment in Albany?
The cheapest apartment in Albany is 71 chestnut street which is listed at $1,050, while the average apartment in Albany costs $3,544.
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 289 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 $470 which is $3,074 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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.