Cheap Homes for Rent in Central Avenue Neighborhood of Albany, NY from $1,100 (7 Rentals)

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Search the lowest-cost Homes 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.

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.

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 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 ListingModel NameBed/BathPriced From
256 state streetStudio, 1 BathroomStudio,1BA$975
363 state streetStudio, 1 BathroomStudio,1BA$1,000
71 chestnut street1 Bedroom, 1 Bathroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
28 Dove St, Unit 228 Dove St2BR,1BA$1.95
11 South Lake AveLarge 2 Bedroom2BR,1BA$1.66
96- 100 Chestnut St2 Bedroom2BR,1BA$1.82
20 Park Residences1 Bed1BR,1BA$2.14
78 Dove St78 Dove StStudio ,1BA$1.50
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
Willett ApartmentsStudioStudio ,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.

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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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The 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.

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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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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 #20

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 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

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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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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.

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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.

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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.