
Cheap Apartments for Rent in the Downtown Albany Neighborhood of Albany, NY from $500 (53 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Downtown Albany area of Albany.

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.

Park Hill Lane Apartments
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 | $1,329 | $800 | $1,980 |
| Downtown Albany 1 Bedroom Apartments | $1,562 | $895 | $2,345 |
| Downtown Albany 2 Bedroom Apartments | $1,923 | $733 | $4,580 |
| Downtown Albany 3 Bedroom Apartments | $1,771 | $1,215 | $2,990 |
| Downtown Albany 4 Bedroom Apartments | $2,136 | $1,700 | $2,860 |
Browse Apartments in this Neighborhood
There are currently 53 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 $1,065.
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 $3,000.
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 21 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 $629 which is $2,371 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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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!
