Cheap Apartments for Rent in the Central Avenue Neighborhood of Albany, NY from $700 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Avenue 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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property at 152 Western Ave

$1,195 - $2,175

1 To 3 Bedroom Rentals

Available Jun 1

152 Western Ave

AlbanyNY12203

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.

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336 Hudson street
Studio to 2 Bedroom Apartments

336 Hudson street

336 Hudson AveAlbany, NY 12210
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256 state street
Studio to 3 Bedroom Apartments

256 state street

256 State StAlbany, 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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409 State St
1 Bedroom Apartments

409 State St

409 State StAlbany, NY 12210
  • Utilities Included
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252 state street
Studio to 2 Bedroom Apartments

252 state street

252 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.

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The Amsdell
Studio Apartments

The Amsdell

175 Jay StAlbany, NY 12210
Corporate Housing
  • Utilities Included
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, Unit 1

65 Lark St
AlbanyNY12210
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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

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.

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Showing Results 1-39, 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 363 state street priced from $1,000. 11 South Lake Ave has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Central Avenue apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
363 state streetStudio, 1 BathroomStudio,1BA$1,000
11 South Lake AveLarge StudioStudio,1BA$1,050
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
287 State St285/2RStudio,1BA$1,150
20 Park ResidencesStudioStudio,1BA$1,250
Willett ApartmentsStudioStudio,1BA$1,365
96- 100 Chestnut St1 Bedroom1BR,1BA$1,400

Best Value Apartments for Rent in Central Avenue, NY

As of May 15, 2026 the best value apartment in the Central Avenue area is the $1.37 price per square foot 254 Sheridan Ave Model at 254 Sheridan Ave, Unit 2 in the in the Arbor Hill neighborhood starting from $1,300. The second greatest value Central Avenue apartment is the 2 Bedroom Model at 96- 100 Chestnut St starting at $1,550 with a $1.82 price per square foot in the Arbor Hill 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.
254 Sheridan Ave, Unit 2254 Sheridan Ave3BR,1BA$1.37
96- 100 Chestnut St2 Bedroom2BR,1BA$1.82
20 Park Residences1 Bed1BR,1BA$2.14
The Reserve at Park South II0BR/1.0BAStudio ,1BA$2.33
2 Judson St, Unit Ground Level, Unit 12 Judson St1BR,1BA$1.67
64 Central Ave, Unit First Floor Studio64 Central AveStudio ,1BA$1.62
90 Swan1BD1BR,1BA$2.71
11 South Lake AveLarge StudioStudio ,1BA$1.93
Willett ApartmentsStudioStudio ,1BA$3.90
287 State St285/2RStudio ,1BA$11.50

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 #19

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

Pet Friendliness Lifestyle Score

3.5
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 363 state street listed at $1,000.

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 $1,495 at 11 South Lake Ave.

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

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.