Cheap Apartments for Rent in the Arbor Hill Neighborhood of Albany, NY from $700 (37 Rentals)

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

Albany's Best Affordable Neighborhoods

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property at 69 2nd St

$1,650

2 Bedroom Rentals

Available Now

69 2nd St

AlbanyNY12210

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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
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255 State St
1 Bedroom Apartments

255 State St

255 State StAlbany, NY 12210
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760 Broadway
Studio to 2 Bedroom Apartments

760 Broadway

760 BroadwayAlbany, NY 12207
  • Utilities Included

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.

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Showing Results 1-37, Page 1 of 1

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 1 Bed unit found at 256 state street priced from $950. 287 State St has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here are the most affordable Arbor Hill apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
256 state street1 Bedroom, 1 Bathroom1BR,1BA$950
287 State St280/1Studio,1BA$1,025
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
The Kennedy403Studio,1BA$1,185
The Kenmore523Studio,1BA$1,225
252 state street1 Bedroom, 1 Bathroom1BR,1BA$1,250
255 State St1 Beds, 1 Baths1BR,1BA$1,250
96- 100 Chestnut St1 Bedroom1BR,1BA$1,400
The Knick1 Bedroom L1BR,1BA$1,455

Best Value Apartments for Rent in Arbor Hill, NY

As of July 25, 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 Two Bed Two Bath Model at Steuben Place Apartments starting at $1,995 with a $1.71 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
Steuben Place ApartmentsTwo Bed Two Bath2BR,2BA$1.71
930 On Broadway2 Bedroom C2BR,1BA$1.88
328 Orange St, Unit 328 Orange St328 Orange St2BR,1BA$1.29
The Monroe Apartments1BR/1.0BA1BR,1BA$1.73
96- 100 Chestnut St2 Bedroom2BR,1BA$1.82
The Knick1 Bedroom L1BR,1BA$2.01
The Kenmore3071BR,1BA$2.38
The Kennedy403Studio ,1BA$2.00
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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Pet Friendly Lifestyle
Arbor Hill, Albany, NY

Ranked #17

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 $1,025.

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

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Written by: Patrick Ryan

Albany, the Capital city of New York state, is revered for its unique architecture and storied history.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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