
Cheap Homes for Rent in Capitol Hill Neighborhood of Albany, NY from $1,300 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Capitol 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.

11 Osborne 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.

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

How much does it cost to rent a home in Capitol Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Capitol Hill 2 Bedroom Homes for Rent | $1,772 | $1,350 | $2,194 |
| Capitol Hill 3 Bedroom Homes for Rent | $1,487 | $1,400 | $1,575 |
| Capitol Hill 4 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Capitol Hill Neighborhood of Albany, NY.
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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 Capitol Hill
What type of rentals are currently available in Capitol Hill?
There are currently 153 Apartments for Rent in Capitol Hill, NY with pricing that ranges from $1,050 to $3,495. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Capitol Hill ranging from $1,350 to $2,194.
What is the current price range for Rental Homes in Capitol Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Capitol Hill ranges from $1,350 to $2,194 with an average monthly rent of $1,586.
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.