15 Summit Ave
AlbanyNY12209
Cheap Apartments for Rent in the Downtown Albany Neighborhood of Albany, NY from $500 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Albany area of Albany.
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$733 - $1,2711 to 2 Bedroom Apartments Available Now
Colvin Avenue Commons
60 Colvin AveAlbany, NY 12206
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$875 - $1,100Studio to 2 Bedroom Apartments Available Now
Capitol Green
400 Central AveAlbany, NY 12206
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$968 - $1,251Studio to 1 Bedroom Apartments Available Now
Campus View Apartments
10 Brevator StAlbany, NY 12203
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31-33 N Pearl St
AlbanyNY12207
91 Columbia St
AlbanyNY12210
238 Ontario St
AlbanyNY12203
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Rent Specials
$1,015 - $2,005Studio to 3 Bedroom Apartments Available Now
Willett Apartments
88 Willett StAlbany, NY 12210
390 Clinton Ave
AlbanyNY12206
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.
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$1,050 - $1,800Studio to 3 Bedroom Apartments Contact Us For Availability
361 State St
361 State StAlbany, NY 12210
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$1,100 - $1,350Studio to 1 Bedroom Apartments Available Now
@HudsonPark
160 Myrtle AveAlbany, NY 12202
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$1,100 - $3,7002 to 6 Bedroom Apartments Available Now
Downtown Student Housing
491 Hamilton StAlbany, NY 12203
11 Myrtle Ave
AlbanyNY12202
578 Madison Ave
AlbanyNY12208
418 Sheridan Ave
AlbanyNY12206
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.
5 Irving St
AlbanyNY12202
59 Ontario St
AlbanyNY12206
139 Madison Ave
AlbanyNY12202
4 Sheridan Ave
AlbanyNY12207
353 3rd St
AlbanyNY12206
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$1,1501 Bedroom Apartment Available Now
40 Central Ave, Unit 2 Fifth Floor
40 Central AveAlbany, NY 12206
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103 Ten Broeck St
AlbanyNY12210
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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Rent Specials
$1,199 - $1,8001 to 3 Bedroom Apartments Available Now
Capitol Crossings
1 Bleecker TerAlbany, NY 12206
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Rent Specials
$1,200 - $1,5601 to 3 Bedroom Apartments Available Now
Tivoli Park Apartments
469 Livingston AveAlbany, NY 12206
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135 Madison Ave
AlbanyNY12207
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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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Studio to 2 Bedroom Apartments
Newly Renovated Apartments in Pine Hills
775 Myrtle AveAlbany, NY 12208
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, 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 | $1,303 | $875 | $1,980 |
| Downtown Albany 1 Bedroom Apartments | $1,570 | $850 | $2,345 |
| Downtown Albany 2 Bedroom Apartments | $1,914 | $733 | $4,330 |
| Downtown Albany 3 Bedroom Apartments | $1,802 | $1,100 | $3,461 |
| Downtown Albany 4 Bedroom Apartments | $2,061 | $1,650 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 55 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 2 Beds unit found at Colvin Avenue Commons priced from $733. 142 Morton Ave has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Downtown Albany apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colvin Avenue Commons | 2 Beds, 1 bath | 2BR,1BA | $733 |
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $850 |
| Capitol Green | Studio | Studio,1BA | $875 |
| 336 Hudson street | Studio, 1 Bathroom | Studio,1BA | $950 |
| Campus View Apartments | Studio | Studio,1BA | $968 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,000 |
| 256 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| Downtown Student Housing | 2 Bedroom | 2BR,2BA | $1,100 |
| The Amsdell | Style A | Studio,1BA | $1,130 |
Best Value Apartments for Rent in Downtown Albany, NY
As of October 31, 2025 the best value apartment in the Downtown Albany area is the $1.20 price per square foot 238 Quail St Model at 238 Quail St, Unit 1 in the in the Whitehall neighborhood starting from $3,000. The second greatest value Downtown Albany apartment is the 268 Western Ave Model at 268 Western Ave, Unit 1 starting at $2,400 with a $0.96 price per square foot in the Whitehall 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. |
|---|---|---|---|
| 238 Quail St, Unit 1 | 238 Quail St | 5BR,2.5BA | $1.20 |
| 268 Western Ave, Unit 1 | 268 Western Ave | 4BR,1BA | $0.96 |
| 77 Brevator St, Unit 2 | 77 Brevator St | 4BR,1BA | $0.99 |
| 1 Ten Broeck St, Unit Lower Level | 1 Ten Broeck St | 3BR,2BA | $1.05 |
| 287 State St | Unit 3F | 2BR,1BA | $1.16 |
| 459 Jay St, Unit 1 | 459 Jay St | 2BR,1BA | $0.96 |
| Crestwood Townhomes | 2BR Monroe Townhome | 2BR,1BA | $1.23 |
| Hinckel Brewery Development LLC | 1BR/1.0BA | 1BR,1BA | $1.29 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| 105 Manning Blvd, Unit 1 | 105 Manning Blvd | 2BR,1BA | $1.32 |
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.
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.
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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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If you’re an expert on all things Downtown Albany, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown Albany, Albany, NY
Ranked #31
Among cities in New York 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)
4 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 $1,130.
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 $3,200.
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 $241 which is $2,959 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.
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.