
Cheap Apartments for Rent in the Downtown Albany Neighborhood of Albany, NY from $500 (80 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Downtown Albany area of Albany.


Knox Street Apartments

363 state street

State Street Tower Apartments

71 chestnut street

252 state street

409 State St

Merchant Walter House

The Amsdell

775 Myrtle Ave
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.

69 Trinity Place

199 S Allen St

Swinburne Commons Apartments

50 Manning Blvd

255 State St

Colvin Avenue Commons

105 Morris Apartments

99 Pine Street

309 State St

27 Western Ave
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.

The Livingston

338 Hudson street

Total Monthly Price
43 John St, Unit 1

Park Hill Lane Apartments

Dutch Village Apartments

Primrose Gardens

Riverhill Apartments

820 1st St, Unit 1

22 High St

48 Broadway
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
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 | $1,376 | $650 | $2,201 |
| Downtown Albany 1 Bedroom Apartments | $1,716 | $995 | $3,749 |
| Downtown Albany 2 Bedroom Apartments | $2,121 | $990 | $4,780 |
| Downtown Albany 3 Bedroom Apartments | $2,025 | $1,295 | $10,000+ |
| Downtown Albany 4 Bedroom Apartments | $2,145 | $575 | $8,324 |
Browse Apartments in this Neighborhood
There are currently 80 rentals with your search options within a 2 mile radius of the Downtown Albany Neighborhood of Albany, NY.
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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 $1,000.
What is the price of a cheap apartment in Downtown Albany?
The cheapest apartment in Downtown Albany is 256 state street which is listed at $950, while the average apartment in Downtown Albany costs $3,000.
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 17 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 $568 which is $2,432 cheaper than the average rent for all rentals in Downtown Albany.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.