Apartments for Rent in the Downtown Albany Neighborhood of Albany, NY (890 Rentals)

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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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Albany's Best Affordable Neighborhoods

Learn about Albany, NY and the best places to live with original content written by our New York area Local Expert Patrick Ryan

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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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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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5 Madison Pl
$2,895 - $2,9952 Bedroom Apartments Contact Us For Availability

5 Madison Pl

5 Madison PlAlbany, NY 12202
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Downtown Albany, Albany, NY Local Guide

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.

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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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How a Move-In Inspection Can Protect Your Security Deposit

Learn How a Move-In Inspection Can Protect Your Security Deposit from the Renter University at AparmentHomeLiving.com.

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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
Downtown Albany, Albany, NY

Ranked #31

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Albany, Albany, NY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Downtown Albany, Albany, and the greater Albany area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, pet-friendly features, family-friendliness, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Family-Friendly Rating

Renting for your family? Downtown Albany is now ranked as a top residential area for families, with a score of 4.0 out of 4. Family Friendly neighborhoods have features that support parents and kids in having fun and being healthy together. This includes features like parks, and having the finest learning and education resources available.

Outdoors Rating

For some, access to the outdoors is a must-have. This area has emerged as providing fantastic access to parks and green spaces, with a score of 4.0 out of 4.

Luxury Living Rating

This area has now become known as one of the best luxury communities in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like pools, saunas, workout spaces, maid services, and amenities like granite countertops, range hoods, and high-end appliances. Luxury submarkets also often offer hardwood floors and fireplaces, access to sports facilities like golf, raquetball, and tennis, and for some communities, even a doorman to greet residents.

Pet Friendly Rating

Dog or cat owners, listen up! this area is one of the finest neighborhoods for dog and cat owners, with a score of 4.0 out of 4.

Frequently Asked Questions about Downtown Albany

How much are Studio apartments in Downtown Albany?

There are currently 452 Studio Apartments in Downtown Albany with rent ranges from $875 to $1,980 with an average price of $1,303.

What is the current price range for One Bedroom Downtown Albany Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Downtown Albany ranges from $850 to $2,345 with an average monthly rent of $1,570.

What does renting a Two Bedroom Apartment in Downtown Albany cost?

The monthly rent prices of Two Bedroom Apartments currently available in Downtown Albany range from $733 to $4,330. Today's average rental price for Two Bedrooms here is $1,902.

How expensive are Downtown Albany Three Bedroom Apartments?

There are currently 92 Three Bedroom Apartments listings available in Downtown Albany on ApartmentHomeLiving.com. The pricing ranges from $1,100 to $3,461 - averaging $1,811 for the location.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.