Cheap Apartments for Rent in the Arbor Hill Neighborhood of Albany, NY from $700 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Arbor Hill area of Albany.

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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256 state street
Studio to 3 Bedroom Apartments

256 state street

256 State StAlbany, NY 12210
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252 state street
Studio to 2 Bedroom Apartments

252 state street

252 State StAlbany, NY 12210

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.

property at 4-6 Sheridan Ave

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

4-6 Sheridan Ave

AlbanyNY12207
property at 65 Lark St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

65 Lark St, Unit 1

65 Lark St
AlbanyNY12210
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255 State St
1 Bedroom Apartments

255 State St

255 State StAlbany, NY 12210

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Arbor Hill, Albany, NY Local Guide

Cheapest Available Arbor Hill Apartments for Rent

 

The cheapest available apartment rental in the Arbor Hill area of Albany, NY is a Studio unit found at 287 State St priced from $940. 256 state street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Arbor Hill apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
287 State St280/2Studio,1BA$940
256 state street1 Bedroom, 1 Bathroom1BR,1BA$950
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
The Kenmore2031BR,1BA$1,205
255 State St1 Beds, 1 Baths1BR,1BA$1,250

Best Value Apartments for Rent in Arbor Hill, NY

As of June 10, 2026 the best value apartment in the Arbor Hill area is the $1.55 price per square foot 35 Clinton Ave Model at 35 Clinton Ave, Unit UpperFloors/2Bedroom in the in the Arbor Hill neighborhood starting from $2,250. The second greatest value Arbor Hill apartment is the 2BR/2.0BA Model at The Monroe Apartments starting at $1,999 with a $1.52 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 ListingModel NameBed/BathPrice Per Sq.Ft.
35 Clinton Ave, Unit UpperFloors/2Bedroom35 Clinton Ave2BR,2.5BA$1.55
The Monroe Apartments2BR/2.0BA2BR,2BA$1.52
The Kennedy4022BR,1BA$1.82
28 Dove St, Unit 228 Dove St2BR,1BA$1.95
96- 100 Chestnut St2 Bedroom2BR,1BA$1.82
39 Columbia Street4021BR,1BA$1.96
Slip 124151BR,1BA$2.82
The Kenmore3071BR,1BA$2.38
930 On Broadway1 Bedroom A1BR,1BA$2.83
90 Swan1BD1BR,1BA$2.71

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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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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Quick 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.

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Pet Friendly Lifestyle
Arbor Hill, Albany, NY

Ranked #19

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Arbor Hill Apartments

What is the Cheapest Studio apartment in Arbor Hill?

Currently the most affordable Cheap Studio Apartment in Arbor Hill is at 287 State St listed at $940.

How much is rent for a Cheap One Bedroom Arbor Hill Apartment?

The lowest price for a Cheap One Bedroom Arbor Hill Apartment is $950 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 $1,550 at 96- 100 Chestnut St.

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

decorative image for A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY article

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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.