366 New Scotland Ave
AlbanyNY12208
Cheap Apartments for Rent in the Downtown Albany Neighborhood of Albany, NY from $500 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Albany area of Albany.
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from $900Studio to 3 Bedroom Apartments Contact Us For Availability
361 State St
361 State StAlbany, NY 12210
3 S Main Ave
AlbanyNY12208
366 New Scotland Ave
AlbanyNY12208
705 Hudson Ave
AlbanyNY12203
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.
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from $968Studio to 1 Bedroom Apartments Available Now
Campus View Apartments
10 Brevator StAlbany, NY 12203
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99 Columbia St
AlbanyNY12210
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from $1,015Studio to 3 Bedroom Apartments Available Now
Willett Apartments
88 Willett StAlbany, NY 12210
36 Spring St
AlbanyNY12210
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from $1,1002 to 6 Bedroom Apartments Available Now
Downtown Student Housing
491 Hamilton StAlbany, NY 12203
139 Madison Ave
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.
354 New Scotland Ave
AlbanyNY12208
51 Elm St
AlbanyNY12202
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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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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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Showing Results 1-37, Page 1 of 1
Downtown Albany, Albany, NY Local Guide
How much does it cost to rent an apartment in Downtown Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Albany Studio Apartments | $1,359 | $875 | $2,295 |
| Downtown Albany 1 Bedroom Apartments | $1,576 | $850 | $3,633 |
| Downtown Albany 2 Bedroom Apartments | $1,912 | $1,100 | $4,330 |
| Downtown Albany 3 Bedroom Apartments | $1,784 | $1,215 | $2,500 |
| Downtown Albany 4 Bedroom Apartments | $2,104 | $1,700 | $2,540 |
| Downtown Albany 5 Bedroom Apartments | $2,484 | $1,400 | $3,330 |
Browse Apartments in this Neighborhood
There are currently 37 rentals with your search options within a 2 mile radius of the Downtown Albany Neighborhood of Albany, NY.
See all Apartments in AlbanyExplore Albany
Downtown Albany, Albany, NY Local Guide
- Nearby Albany neighborhoods
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Cheapest Available Downtown Albany Apartments for Rent
The cheapest available apartment rental in the Downtown Albany area of Albany, NY is a Studio unit found at 142 Morton Ave priced from $850. Capitol Green has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Downtown Albany apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $850 |
| Capitol Green | Studio | Studio,1BA | $875 |
| 252 state street | Studio, 1 Bathroom | Studio,1BA | $900 |
| 338 Hudson street | Studio, 1 Bathroom | Studio,1BA | $950 |
| Campus View Apartments | Studio | Studio,1BA | $968 |
| 11 S Lake | Studio Apartment | Studio,1BA | $1,000 |
| Downtown Student Housing | 2 Bedroom | 2BR,2BA | $1,100 |
| Park Row and New Scotland Gardens Apartments | Park Row 1 Bedroom | 1BR,1BA | $1,112 |
| The Amsdell | Style A | Studio,1BA | $1,130 |
| Newly Renovated Apartments in Pine Hills | 1BR/1.0BA | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Downtown Albany, NY
As of June 13, 2025 the best value apartment in the Downtown Albany area is the $1.00 price per square foot 74 N Allen St Model at 74 N Allen St, Unit 2 in the in the Whitehall neighborhood starting from $2,500. The second greatest value Downtown Albany apartment is the The James Model at 44 James starting at $1,895 with a $0.84 price per square foot in the Melrose neighborhood. Here is today’s list of the best values for Downtown Albany apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 74 N Allen St, Unit 2 | 74 N Allen St | 5BR,1BA | $1.00 |
| 44 James | The James | 2BR,1BA | $0.84 |
| 77 Brevator St, Unit 2 | 77 Brevator St | 4BR,1BA | $0.99 |
| 327 Hudson Ave, Unit Apartment #1 | 327 Hudson Ave | 2BR,2.5BA | $1.13 |
| 368 Broadway, Unit 2 | 368 Broadway | 2BR,2.5BA | $1.29 |
| Crestwood Townhomes | 2BR Monroe Townhome | 2BR,1BA | $1.33 |
| Downtown Student Housing | 3 Bedroom | 3BR,2BA | $1.33 |
| 807 Myrtle Ave, Unit Top Floor | 807 Myrtle Ave | 3BR,1BA | $1.30 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| 450 Bradford St, Unit 450 Bradford St | 450 Bradford St | 2BR,1BA | $1.33 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Albany, Albany, NY
Ranked #34
Among neighborhoods in Albany, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Albany, Albany, NY
William S Hackett Middle School
Albany City School District
Public School - Grades 6-8 (672)
3 out of 10
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers works hard to bring you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across New York, including Albany. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Albany Apartments
What is a cheap apartment in Downtown Albany?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Albany is under $1,150.
What is the price of a cheap apartment in Downtown Albany?
The cheapest apartment in Downtown Albany is Capitol Green which is listed at $975, while the average apartment in Downtown Albany costs $3,500.
What types of apartments are the cheapest in Downtown Albany?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10 regular apartments in Downtown Albany that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Albany?
Cheap apartments in Downtown Albany have an average cost of $255 which is $3,245 cheaper than the average rent for all rentals in Downtown Albany.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.
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.