
Cheap Homes for Rent in Central Avenue Neighborhood of Albany, NY from $300 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Avenue area of Albany.


253 State St
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.

285 Washington Ave
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.

484 Washington Ave
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 | $1,416 | $1,100 | $2,150 |
| Central Avenue 3 Bedroom Homes for Rent | $2,750 | $2,750 | $2,750 |
| Central Avenue 4 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 363 state street priced from $1,000. 256 state street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Central Avenue apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
| 256 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 252 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Central Avenue, NY
As of November 14, 2025 the best value apartment in the Central Avenue area is the $1.52 price per square foot 1BR/1.0BA Model at The Reserve at Park South in the in the Whitehall neighborhood starting from $1,600. The second greatest value Central Avenue apartment is the 1BR C Model at ArtHouse Apartments starting at $1,775 with a $1.87 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. |
|---|---|---|---|
| The Reserve at Park South | 1BR/1.0BA | 1BR,1BA | $1.52 |
| ArtHouse Apartments | 1BR C | 1BR,1BA | $1.87 |
| 341 State St, Unit 1st Floor | 341 State St | 1BR,1BA | $1.56 |
| 20 Park Residences | 1 Bed | 1BR,1BA | $2.14 |
| 40 Central Ave, Unit 2 Fifth Floor | 40 Central Ave | 1BR,1BA | $1.77 |
| The Reserve at Park South II | 0BR/1.0BA | Studio ,1BA | $2.42 |
| Willett Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $3.73 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 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 #22
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Central Avenue
What type of rentals are currently available in Central Avenue?
There are currently 297 Apartments for Rent in Central Avenue, NY with pricing that ranges from $1,015 to $3,085. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Avenue ranging from $350 to $2,750.
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 $350 to $2,750 with an average monthly rent of $1,588.
How much are larger Three and Four Bedroom Rentals in Central Avenue?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Central Avenue range from $1,100 to $1,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,750 to $2,750. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,900.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
