
Cheap Apartments for Rent in the Downtown Albany Neighborhood of Albany, NY from $500 (91 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Downtown Albany area of Albany.


56 S Swan St

Total Monthly Price
66 Broad St, Unit 3, Unit 3

17 Ash Grove Pl

44 Southern Blvd, Unit 1, Albany, NY

96- 100 Chestnut St

63 2nd Ave

Fort Fredrick Apartments

142 Morton Ave

Livingston School Apartments
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.

Capitol Green

336 Hudson street

Western Ave. Apartments

Knox Street Apartments

363 state street

State Street Tower Apartments

252 state street

71 chestnut street

409 State St

Merchant Walter House
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

The Amsdell

775 Myrtle Ave

69 Trinity Place

Swinburne Commons Apartments

Colvin Avenue Commons

105 Morris Apartments

The Livingston

309 State St

27 Western Ave

338 Hudson street

Park Place at 60 State

The Lofts at Washington Park

442 Hudson Ave

Total Monthly Price
1208 Broadway, Unit 1, Unit 1

1643 1st St

Park Hill Lane Apartments

Dutch Village Apartments

Primrose Gardens

Riverhill Apartments

22 High St

The McManus
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 | $1,443 | $948 | $2,010 |
| Downtown Albany 1 Bedroom Apartments | $1,646 | $925 | $3,873 |
| Downtown Albany 2 Bedroom Apartments | $2,096 | $1,000 | $4,780 |
| Downtown Albany 3 Bedroom Apartments | $2,054 | $1,215 | $10,000+ |
| Downtown Albany 4 Bedroom Apartments | $2,142 | $575 | $7,514 |
Browse Apartments in this Neighborhood
There are currently 91 rentals with your search options within a 2 mile radius of the Downtown Albany Neighborhood of Albany, NY.
See all Apartments in AlbanyExplore Albany
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 $1,050.
What is the price of a cheap apartment in Downtown Albany?
The cheapest apartment in Downtown Albany is 71 chestnut street which is listed at $1,050, 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 18 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 $520 which is $2,480 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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.