Cheap Apartments for Rent in the Downtown Albany Historic District Albany, NY from $700 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 51 Elm St

51 Elm St

AlbanyNY12202

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.

close
View Me
256 state street
Studio to 1 Bedroom Apartments

256 state street

256 State StAlbany, NY 12210
close
View Me
69 Trinity Place
1 to 2 Bedroom Apartments

69 Trinity Place

69 Trinity PlzAlbany, NY 12202

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.

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 252 state street priced from $900. 100 Chestnut St has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable Downtown Albany Historic District apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
252 state streetStudio, 1 BathroomStudio,1BA$900
100 Chestnut StStudio, 1 bathStudio,1BA$1,200
20 Park ResidencesStudioStudio,1BA$1,250
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,255
99 Pine Street1BR/1.0BA1BR,1BA$1,450

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

As of May 29, 2025 the best value apartment in the Downtown Albany Historic District area is the $0.89 price per square foot The James Model at 44 James in the in the Melrose neighborhood starting from $1,995. The second greatest value Downtown Albany Historic District apartment is the 1BD 1.5BA Model at Albany Lofts at One Broadway starting at $1,965 with a $1.56 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.
44 JamesThe James2BR,1BA$0.89
Albany Lofts at One Broadway1BD 1.5BA1BR,1.5BA$1.56
412 Broadway33/341BR,1.5BA$1.31
99 Pine Street1BR/1.0BA1BR,1BA$1.42
The Kenmore7082BR,1BA$1.59
The Apartments at 66 State2B1RC2BR,1BA$1.77
DeLaet's Landing1BR/1.0BA1BR,1BA$2.09
930 On Broadway2 Bedroom A2BR,1BA$2.53
20 Park Residences1 Bed1BR,1BA$2.14
100 Chestnut StStudio, 1 bathStudio ,1BA$2.40

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Albany Historic District, Albany, NY

Ranked #10

Among neighborhoods in Albany, NY for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Downtown Albany Historic District Neighborhood in Albany, NY

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

72 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

71 / 100

Excellent Transit

Transit is convenient for most trips

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 252 state street listed at $900.

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 $1,255 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 $1,595 at The Kenmore.

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.

decorative image for A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.