
Cheap Homes for Rent in Central Avenue Neighborhood of Albany, NY from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Avenue area of Albany.


484 Washington Ave

110 Lark St
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.

380 Orange St

544 Madison Ave, Unit 544-6

39 S Lake Ave
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.

441 State St, Unit 441
Central Avenue, Albany, NY Local Guide

How much does it cost to rent a home in Central Avenue?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Avenue 2 Bedroom Homes for Rent | $1,333 | $1,100 | $1,750 |
| Central Avenue 3 Bedroom Homes for Rent | $1,525 | $1,350 | $1,700 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 256 state street priced from $975. 363 state street has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Central Avenue apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 256 state street | Studio, 1 Bathroom | Studio,1BA | $975 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Central Avenue, NY
As of April 22, 2026 the best value apartment in the Central Avenue area is the $1.95 price per square foot 28 Dove St Model at 28 Dove St, Unit 2 in the in the Arbor Hill neighborhood starting from $1,950. The second greatest value Central Avenue apartment is the Large 2 Bedroom Model at 11 South Lake Ave starting at $1,495 with a $1.66 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. |
|---|---|---|---|
| 28 Dove St, Unit 2 | 28 Dove St | 2BR,1BA | $1.95 |
| 11 South Lake Ave | Large 2 Bedroom | 2BR,1BA | $1.66 |
| 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 |
| 2 Judson St, Unit Ground Level, Unit 1 | 2 Judson St | 1BR,1BA | $1.67 |
| 64 Central Ave, Unit First Floor Studio | 64 Central Ave | Studio ,1BA | $1.62 |
| 90 Swan | 1BD | 1BR,1BA | $2.71 |
| Willett Apartments | Studio | Studio ,1BA | $3.90 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 #20
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Central Avenue
What type of rentals are currently available in Central Avenue?
There are currently 306 Apartments for Rent in Central Avenue, NY with pricing that ranges from $1,050 to $3,085. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Avenue ranging from $1,100 to $1,750.
What is the current price range for Rental Homes in Central Avenue?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Avenue ranges from $1,100 to $1,750 with an average monthly rent of $1,486.
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.

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.

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.