
Cheap Apartments for Rent in the Arbor Hill Neighborhood of Albany, NY from $600 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Arbor Hill area of Albany.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Arbor Hill, Albany, NY Local Guide

How much does it cost to rent an apartment in Arbor Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Arbor Hill Studio Apartments | $1,217 | $1,050 | $1,345 |
| Arbor Hill 1 Bedroom Apartments | $1,483 | $1,000 | $2,125 |
| Arbor Hill 2 Bedroom Apartments | $1,955 | $1,275 | $2,956 |
| Arbor Hill 3 Bedroom Apartments | $1,825 | $1,800 | $1,850 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Arbor Hill Neighborhood of Albany, NY.
See all Apartments in AlbanyExplore Albany
Arbor Hill, Albany, NY Local Guide
- Nearby Albany neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Arbor Hill Apartments for Rent
 The cheapest available apartment rental in the Arbor Hill area of Albany, NY is a 1 Bed unit found at 256 state street priced from $1,050. 71 chestnut street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Arbor Hill apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 256 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| Slip 12 | Studio A | Studio,1BA | $1,225 |
Best Value Apartments for Rent in Arbor Hill, NY
As of December 20, 2025 the best value apartment in the Arbor Hill area is the $1.59 price per square foot Plan 508 Model at The Monroe in the in the Arbor Hill neighborhood starting from $2,385. The second greatest value Arbor Hill apartment is the Unit 204 Model at The Lofts at 733 Broadway starting at $1,545 with a $1.38 price per square foot in the Arbor Hill neighborhood. Here is today’s list of the best values for Arbor Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Monroe | Plan 508 | 2BR,2BA | $1.59 |
| The Lofts at 733 Broadway | Unit 204 | 1BR,1BA | $1.38 |
| The Knick | Pent House 603 | 2BR,1BA | $2.18 |
| The Kenmore | 624 | 2BR,1BA | $1.87 |
| 96- 100 Chestnut St | 2 Bedroom | 2BR,1BA | $1.88 |
| Industrie Apartments | Apartment Type B1 | 1BR,1BA | $2.57 |
| 930 On Broadway | 2 Bedroom B | 2BR,1BA | $2.45 |
| Slip 12 | Studio A | Studio ,1BA | $2.90 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestyleArbor Hill, Albany, NY
Ranked #20
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Arbor Hill Neighborhood in Albany, NY
Walk Score®
66 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
62 / 100
Bikeable
Some bike infrastructure
Transit Score®
64 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Arbor Hill Apartments
How much is rent for a Cheap One Bedroom Arbor Hill Apartment?
The lowest price for a Cheap One Bedroom Arbor Hill Apartment is $1,050 at 256 state street.
What is the lowest price for a Cheap Two Bedroom Arbor Hill Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Arbor Hill is starting from $1,600 at The Kenmore.
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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!





