Cheap Apartments for Rent in the Central Avenue Neighborhood of Albany, NY from $700 (45 Rentals)

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

Albany's Best Affordable Neighborhoods

Learn about Albany, NY and the best places to live with original content written by our New York area Local Expert Patrick Ryan

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146 Chestnut St, Unit 3
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400
1 Bedroom Apartment Available Oct 1

146 Chestnut St, Unit 3

146 Chestnut StAlbany, NY 12210
Furnished
  • Smoke Free

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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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449 State St
Studio to 2 Bedroom Apartments

449 State St

449 State StAlbany, NY 12203
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336 Hudson street
Studio to 2 Bedroom Apartments

336 Hudson street

336 Hudson AveAlbany, NY 12210
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363 state street
Studio to 1 Bedroom Apartments

363 state street

363 State StAlbany, NY 12210
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256 state street
Studio to 3 Bedroom Apartments

256 state street

256 State StAlbany, NY 12210

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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409 State St
1 Bedroom Apartments

409 State St

409 State StAlbany, NY 12210
  • Utilities Included
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The Amsdell
Studio Apartments

The Amsdell

175 Jay StAlbany, NY 12210
Corporate Housing
  • Utilities Included
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325 State Street
Studio to 2 Bedroom Apartments

325 State Street

325 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

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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338 Hudson street
Studio to 2 Bedroom Apartments

338 Hudson street

338 Hudson AveAlbany, NY 12210
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309 State St
1 Bedroom Apartments

309 State St

309 State StAlbany, NY 12210
Corporate Housing
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27 Western Ave
Studio to 2 Bedroom Apartments

27 Western Ave

27 Western AveAlbany, NY 12203
  • Utilities Included
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483 State St. 5
1 Bedroom Apartments

483 State St. 5

483 State StAlbany, NY 12203
  • Utilities Included

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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Showing Results 1-45, Page 1 of 1

Central Avenue, Albany, NY Local Guide

Cheapest Available Central Avenue Apartments for Rent

 

The cheapest available apartment rental in the Central Avenue area of Albany, NY is a Studio unit found at 449 State St priced from $895. 336 Hudson street has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Central Avenue apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
449 State St0 Beds, 1 BathsStudio,1BA$895
336 Hudson streetStudio, 1 BathroomStudio,1BA$900
363 state streetStudio, 1 BathroomStudio,1BA$1,000
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
441 State StStudioStudio,1BA$1,200
287 State St491/1A1BR,1BA$1,225
252 state street1 Bedroom, 1 Bathroom1BR,1BA$1,250
255 State St1 Beds, 1 Baths1BR,1BA$1,250
20 Park ResidencesStudioStudio,1BA$1,250

Best Value Apartments for Rent in Central Avenue, NY

As of August 16, 2026 the best value apartment in the Central Avenue area is the $1.63 price per square foot 341 1st St Model at 341 1st St, Unit 2 in the in the Whitehall neighborhood starting from $1,795. The second greatest value Central Avenue apartment is the 1BR/1.0BA Model at The Reserve at Park South starting at $1,900 with a $1.84 price per square foot in the Whitehall neighborhood. Here is today’s list of the best values for Central Avenue apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
341 1st St, Unit 2341 1st St4BR,1BA$1.63
The Reserve at Park South1BR/1.0BA1BR,1BA$1.84
366 Hudson Ave, Unit 1st366 Hudson Ave2BR,1BA$2.00
396 Clinton Ave, Unit 2396 Clinton Ave3BR,1BA$1.49
96- 100 Chestnut St2 Bedroom2BR,1BA$1.82
368 Hudson Ave, Unit Apt. #1368 Hudson Ave2BR,1BA$2.13
328 Washington Ave, Unit 2328 Washington Ave1BR,1BA$1.75
142 Washington Ave, Unit 203142 Washington Ave1BR,1BA$2.00
500 Madison Ave, Unit Garden Apartment500 Madison Ave1BR,1BA$1.82
40 Central Ave40 Central Ave1BR,1BA$1.69

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
Central Avenue, Albany, NY

Ranked #24

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Central Avenue Apartments

What is the Cheapest Studio apartment in Central Avenue?

Currently the most affordable Cheap Studio Apartment in Central Avenue is at 449 State St listed at $895.

How much is rent for a Cheap One Bedroom Central Avenue Apartment?

The lowest price for a Cheap One Bedroom Central Avenue Apartment is $1,050 at 71 chestnut street.

What is the lowest price for a Cheap Two Bedroom Central Avenue Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Avenue is starting from $1,550 at 96- 100 Chestnut St.

What is the most affordable Central Avenue Three Bedroom Apartment?

The best deal on a cheap Central Avenue 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

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The Best Neighborhoods for Renters While Attending College in Albany

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

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.