
Cheap Apartments for Rent in the Capitol Hill Neighborhood of Albany, NY from $700 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Capitol Hill area of Albany.


136 Morton Ave

Willett Apartments

138 Morton Ave

@HudsonPark

20 Park Residences

135 Madison Ave
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.

17 Ash Grove Pl

96- 100 Chestnut St

Total Monthly Price
2 Myrtle Ave, Unit 2nd Floor, Unit 2nd Floor

1 Dana Ave

360 Madison Ave

119 Grand St
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.

292 Lark St

Fort Fredrick Apartments

142 Morton Ave

336 Hudson street

Knox Street Apartments

256 state street

71 chestnut street
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.

252 state street

The Amsdell

69 Trinity Place

105 Morris Apartments

338 Hudson street

25 Bleecker Pl

11 Osborne St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Hinckel Brewery Development LLC

221 S Swan St
Capitol Hill, Albany, NY Local Guide

How much does it cost to rent an apartment in Capitol Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Capitol Hill Studio Apartments | $1,241 | $1,050 | $1,400 |
| Capitol Hill 1 Bedroom Apartments | $1,551 | $1,100 | $2,200 |
| Capitol Hill 2 Bedroom Apartments | $1,877 | $1,150 | $3,495 |
| Capitol Hill 3 Bedroom Apartments | $1,867 | $1,215 | $2,725 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Capitol Hill Neighborhood of Albany, NY.
See all Apartments in AlbanyExplore Albany
Cheapest Available Capitol Hill Apartments for Rent
 The cheapest available apartment rental in the Capitol Hill area of Albany, NY is a Studio unit found at 142 Morton Ave priced from $800. 256 state street has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable Capitol Hill apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $800 |
| 256 state street | Studio, 1 Bathroom | Studio,1BA | $975 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 69 Trinity Place | Spacious Studio Minutes from Times Union, Alban... | Studio,1BA | $1,195 |
| 20 Park Residences | Studio | Studio,1BA | $1,250 |
| Willett Apartments | Studio | Studio,1BA | $1,365 |
| 96- 100 Chestnut St | 1 Bedroom | 1BR,1BA | $1,400 |
| Hinckel Brewery Development LLC | 1BR/1.0BA | 1BR,1BA | $1,440 |
| 90 Swan | 1BD | 1BR,1BA | $1,490 |
Best Value Apartments for Rent in Capitol Hill, NY
As of April 24, 2026 the best value apartment in the Capitol Hill area is the $2.50 price per square foot Garden Apartment Model at 5 Madison Pl in the in the Mount Hope neighborhood starting from $3,495. The second greatest value Capitol Hill apartment is the 2BR/1.0BA Model at Hinckel Brewery Development LLC starting at $1,800 with a $1.38 price per square foot in the Whitehall neighborhood. Here is today’s list of the best values for Capitol Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5 Madison Pl | Garden Apartment | 2BR,2BA | $2.50 |
| Hinckel Brewery Development LLC | 2BR/1.0BA | 2BR,1BA | $1.38 |
| The Gallery on Holland | Delaware | 2BR,2BA | $2.34 |
| 69 Trinity Place | 1BR/1.5BA | 1BR,1.5BA | $1.37 |
| 96- 100 Chestnut St | 2 Bedroom | 2BR,1BA | $1.82 |
| 20 Park Residences | 1 Bed | 1BR,1BA | $2.14 |
| 78 Dove St | 78 Dove St | Studio ,1BA | $1.50 |
| The Reserve at Park South II | 0BR/1.0BA | Studio ,1BA | $2.33 |
| 45 Elm St, Unit #B | 45 Elm St | 1BR,1BA | $2.46 |
| 90 Swan | 1BD | 1BR,1BA | $2.71 |
Frequently Asked Questions about Cheap Capitol Hill Apartments
What is the Cheapest Studio apartment in Capitol Hill?
Currently the most affordable Cheap Studio Apartment in Capitol Hill is at 142 Morton Ave listed at $800.
How much is rent for a Cheap One Bedroom Capitol Hill Apartment?
The lowest price for a Cheap One Bedroom Capitol Hill Apartment is $1,050 at 71 chestnut street.
What is the lowest price for a Cheap Two Bedroom Capitol Hill Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Capitol Hill is starting from $1,550 at 96- 100 Chestnut St.
What is the most affordable Capitol Hill Three Bedroom Apartment?
The best deal on a cheap Capitol Hill Three Bedroom Apartment rental is at Willett Apartments and starts from $1,975.
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.

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.

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.
