
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.


Fort Fredrick Apartments

252 state street

142 Morton Ave

336 Hudson street

Western Ave. Apartments

256 state street

363 state street

State Street Tower Apartments

409 State St
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

71 chestnut street

Merchant Walter House

The Amsdell

Newly Renovated Apartments in Pine Hills

357-363 Morris St

69 Trinity Place

Swinburne Common

762-764 Madison Ave

105 Morris Apartments

27 Western Ave

Hinckel Brewery Development LLC

338 Hudson street

The Livingston

1261 NY-7

126 4th St, Unit 1

Wade Towers & Garden Apartments

The Valley Green

Kelsey Commons

640 3rd Ave

403 25th St

Parkline Apartments

Highland Club Apartments

Village One Apartments

Caldwell Apartments

19 Idlewild Park

1826 3rd Ave

Latham Village Aptartments

280 4th St

Mohawk Village

The Fulton

378 4th St

1834 Highland Ave

19 Idlewild Park

Total Monthly Price
Towers on Hudson

Menands Gardens

Brandywine Apartments

Total Monthly Price
Park Guilderland Apartment Homes

Park Hill Lane Apartments

Dutch Village Apartments

Total Monthly Price
516 4th St, Unit #1
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 | $1,369 | $700 | $1,980 |
| Cheap Albany 1 Bedroom Apartments | $1,623 | $750 | $3,025 |
| Cheap Albany 2 Bedroom Apartments | $1,967 | $950 | $4,580 |
| Cheap Albany 3 Bedroom Apartments | $2,052 | $999 | $3,460 |
| Cheap Albany 4 Bedroom Apartments | $1,745 | $585 | $3,635 |
| Albany 5 Bedroom Apartments | $2,825 | $2,500 | $3,075 |
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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 The Valley Green which is listed at $895, while the average apartment in Albany costs $2,731.
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 240 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 $662 which is $2,069 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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.