Cheap Apartments for Rent in the Central Avenue Neighborhood of Albany, NY from $600 (22 Rentals)

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

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.

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.

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336 Hudson street
Studio to 2 Bedroom Apartments

336 Hudson street

336 Hudson AveAlbany, NY 12210
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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 1 Bedroom Apartments

252 state street

252 State StAlbany, NY 12210
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363 state street
Studio to 1 Bedroom Apartments

363 state street

363 State StAlbany, NY 12210

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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256 state street
Studio to 1 Bedroom Apartments

256 state street

256 State StAlbany, NY 12210
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409 State St
1 Bedroom Apartments

409 State St

409 State StAlbany, NY 12210
  • Utilities Included

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 252 state street priced from $900. 338 Hudson street has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Central Avenue apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
252 state streetStudio, 1 BathroomStudio,1BA$900
338 Hudson streetStudio, 1 BathroomStudio,1BA$950
11 S LakeStudio ApartmentStudio,1BA$1,000
The AmsdellStyle AStudio,1BA$1,130
100 Chestnut StStudio, 1 bathStudio,1BA$1,200

Best Value Apartments for Rent in Central Avenue, NY

As of June 18, 2025 the best value apartment in the Central Avenue area is the $1.13 price per square foot 327 Hudson Ave Model at 327 Hudson Ave, Unit Apartment #1 in the in the Whitehall neighborhood starting from $2,150. The second greatest value Central Avenue apartment is the 1 BD 1.5BA DEN Model at Albany Lofts at One Broadway starting at $2,280 with a $1.98 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.
327 Hudson Ave, Unit Apartment #1327 Hudson Ave2BR,2.5BA$1.13
Albany Lofts at One Broadway1 BD 1.5BA DEN1BR,1.5BA$1.98
Steuben Place ApartmentsOne Bed One Bath1BR,1BA$1.93
371 Washington Ave, Unit 2371 Washington Ave1BR,1.5BA$1.59
ArtHouse Apartments1 Bedroom1BR,1BA$1.94
584 Madison Ave, Unit 1584 Madison Ave1BR,1BA$1.50
Willett Apartments1 Bedroom 1 Bathroom with Dining Room1BR,1BA$1.78
20 Park Residences1 Bed1BR,1BA$2.14
11 S LakeStudio ApartmentStudio ,1BA$1.82
100 Chestnut StStudio, 1 bathStudio ,1BA$2.40

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Central Avenue, Albany, NY

Ranked #18

Among neighborhoods in Albany, NY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Central Avenue Neighborhood in Albany, NY

Walk Score®

96 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

68 / 100

Good Transit

Many nearby public transportation options

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 252 state street listed at $900.

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

The lowest price for a Cheap One Bedroom Central Avenue Apartment is $1,195 at 11 S Lake.

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 $1,395 at 11 S Lake.

What is the most affordable Central Avenue Three Bedroom Apartment?

The best deal on a cheap Central Avenue Three Bedroom Apartment rental is at 930 On Broadway and starts from $2,095.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.