
Cheap Apartments for Rent in the Central Avenue Neighborhood of Albany, NY from $600 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Avenue area of Albany.


Total Monthly Price
64 Central Ave, Unit First Floor Studio

11 South Lake Ave

371 Hudson Ave

386 Madison Ave, Unit Garden Level

578 Madison Ave

Willett Apartments
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308 Hudson Ave

192 Lark St

541 Clinton Ave

Knox Street Apartments

Fort Fredrick Apartments

252 state street

336 Hudson street
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256 state street

363 state street

State Street Tower Apartments

409 State St

71 chestnut street

Merchant Walter House

The Amsdell
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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.
Central Avenue, Albany, NY Local Guide

How much does it cost to rent an apartment in Central Avenue?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Avenue Studio Apartments | $1,254 | $1,050 | $1,980 |
| Central Avenue 1 Bedroom Apartments | $1,502 | $1,075 | $2,215 |
| Central Avenue 2 Bedroom Apartments | $1,918 | $950 | $3,085 |
| Central Avenue 3 Bedroom Apartments | $1,785 | $1,215 | $2,080 |
| Central Avenue 4 Bedroom Apartments | $1,645 | $1,490 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Central Avenue Neighborhood of Albany, NY.
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Central Avenue, Albany, NY Local Guide
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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 $850. 256 state street has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable Central Avenue apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 252 state street | Studio, 1 Bathroom | Studio,1BA | $850 |
| 256 state street | Studio, 1 Bathroom | Studio,1BA | $975 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 309 State St | 1 Bedroom | 1BR,1BA | $1,300 |
| 96- 100 Chestnut St | 1 Bedroom | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Central Avenue, NY
As of February 14, 2026 the best value apartment in the Central Avenue area is the $1.06 price per square foot 270 Livingston Ave Model at 270 Livingston Ave, Unit #1 in the in the Arbor Hill neighborhood starting from $1,490. The second greatest value Central Avenue apartment is the 285 Lark St Model at 285 Lark St, Unit 2nd floor 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 Central Avenue apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 270 Livingston Ave, Unit #1 | 270 Livingston Ave | 4BR,1BA | $1.06 |
| 285 Lark St, Unit 2nd floor | 285 Lark St | 2BR,2BA | $1.38 |
| 11 South Lake Ave | Large 2 Bedroom | 2BR,1BA | $1.66 |
| 96- 100 Chestnut St | 2 Bedroom | 2BR,1BA | $1.82 |
| 303 Hudson Ave, Unit 3 | 303 Hudson Ave | 1BR,1BA | $1.85 |
| 309 State St | 1 Bedroom | 1BR,1.5BA | $1.63 |
| 367 State St, Unit Third Floor | 367 State St | 1BR,1BA | $1.75 |
| 20 Park Residences | 1 Bed | 1BR,1BA | $2.14 |
| 64 Central Ave, Unit First Floor Studio | 64 Central Ave | Studio ,1BA | $1.62 |
| 386 Madison Ave, Unit Garden Level | 386 Madison Ave | 1BR,1BA | $1.95 |
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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Read ArticleQuick 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.
Pet Friendly LifestyleCentral Avenue, Albany, NY
Ranked #21
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Central Avenue Apartments
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 256 state 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

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.