Cheap Apartments for Rent in the Downtown Albany Historic District Albany, NY from $700 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Albany Historic District area of Albany.

property at 130 S Pearl St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

130 S Pearl St

AlbanyNY12202

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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.

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256 state street
Studio to 3 Bedroom Apartments

256 state street

256 State StAlbany, NY 12210
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252 state street
Studio to 2 Bedroom Apartments

252 state street

252 State StAlbany, NY 12210
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69 Trinity Place
Studio to 2 Bedroom Apartments

69 Trinity Place

69 Trinity PlAlbany, NY 12202
Student Housing

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Downtown Albany Historic District, Albany, NY Local Guide

Cheapest Available Downtown Albany Historic District Apartments for Rent

 

The cheapest available apartment rental in the Downtown Albany Historic District area of Albany, NY is a Studio unit found at 256 state street priced from $975. 71 chestnut street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Downtown Albany Historic District apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
256 state streetStudio, 1 BathroomStudio,1BA$975
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
69 Trinity PlaceSpacious Studio Minutes from Times Union, Alban...Studio,1BA$1,195
20 Park ResidencesStudioStudio,1BA$1,250
96- 100 Chestnut St1 Bedroom1BR,1BA$1,400

Best Value Apartments for Rent in Downtown Albany Historic District, NY

As of April 19, 2026 the best value apartment in the Downtown Albany Historic District area is the $1.16 price per square foot Unit 3F Model at 287 State St in the in the Arbor Hill neighborhood starting from $1,735. The second greatest value Downtown Albany Historic District apartment is the 35 Clinton Ave Model at 35 Clinton Ave starting at $2,575 with a $1.78 price per square foot in the Arbor Hill neighborhood. Here is today’s list of the best values for Downtown Albany Historic District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
287 State StUnit 3F2BR,1BA$1.16
35 Clinton Ave35 Clinton Ave2BR,2.5BA$1.78
The Monroe Apartments2BR/2.0BA2BR,2BA$1.52
The Palmer House Apartments2BR/2.0BA2BR,2BA$1.57
The Lofts at 733 BroadwayUnit 2041BR,1BA$1.38
518 Broadway, Unit 1518 Broadway1BR,1BA$1.70
69 Trinity Place1BR/1.5BA1BR,1.5BA$1.37
96- 100 Chestnut St2 Bedroom2BR,1BA$1.82
Steuben Place ApartmentsOne Bed One Bath1BR,1BA$1.77
44 James2031BR,1BA$1.80

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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 Historic District, Albany, NY

Ranked #6

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Albany Historic District Apartments

What is the Cheapest Studio apartment in Downtown Albany Historic District?

Currently the most affordable Cheap Studio Apartment in Downtown Albany Historic District is at 256 state street listed at $975.

How much is rent for a Cheap One Bedroom Downtown Albany Historic District Apartment?

The lowest price for a Cheap One Bedroom Downtown Albany Historic District Apartment is $1,050 at 71 chestnut street.

What is the lowest price for a Cheap Two Bedroom Downtown Albany Historic District Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Albany Historic District is starting from $1,550 at 96- 100 Chestnut St.

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.