
Luxury Apartments for Rent in the Downtown Albany Neighborhood of Albany, NY (38 Rentals)
The most luxurious Apartments in the Downtown Albany area of Albany with high-end amenities, features, and finishes.


The Gallery on Holland

The Alexander

Industrie Apartments

Park South

Academy Place

The Rise Midtown Square

The Rise: Downtown

The Rise: Pine Hills
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.

Downtown Student Housing

5 Madison Pl

Total Monthly Price
35 Clinton Ave

Total Monthly Price
449 Hamilton St

Total Monthly Price
236 Western Ave, Unit 2, Unit 2

Total Monthly Price
238 Quail St, Unit 1, Unit 1

Total Monthly Price
522 Morris St

346 Madison Ave, Unit 3

90 Madison Ave, Unit SI ID1501077P
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.

86 Madison Ave, Unit SI ID1501079P

84 Madison Ave, Unit SI ID1501086P

84 Madison Ave, Unit SI ID1501084P

90 Madison Ave, Unit SI ID1501082P

86 Madison Ave, Unit SI ID1501081P

88 Madison Ave, Unit SI ID1501083P

90 Madison Ave, Unit SI ID1501071P

88 Madison Ave, Unit SI ID1501078P

88 Madison Ave, Unit SI ID1501085P
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.

423 Hudson Ave, Unit 2

346 Madison Ave

194 N Lake Ave

1 Manning Blvd

223-225 Quail St

25 Besch Ave

105 Morris Apartments

Park Place at 60 State

760 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

Crestwood Townhomes

Albany Lofts at One Broadway
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 | $1,436 | $948 | $2,010 |
| Downtown Albany 1 Bedroom Apartments | $1,692 | $995 | $3,876 |
| Downtown Albany 2 Bedroom Apartments | $2,124 | $1,070 | $4,780 |
| Downtown Albany 3 Bedroom Apartments | $2,007 | $1,215 | $10,000+ |
| Downtown Albany 4 Bedroom Apartments | $1,982 | $575 | $2,680 |
Browse Apartments in this Neighborhood
There are currently 38 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
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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestyleDowntown Albany, Albany, NY
Ranked #4
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
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States and customized analysis for Central Albany. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Luxury Living Rating
This area of town has come to be one of the finest high-end communities in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like saunas, pools, sport courts, concierge services, views, access to parks, and nice home amenities like granite or quartz countertops and stainless steel appliances. Luxury neighborhoods also often offer tile, hardwood, and fine carpeting, sports like tennis and raquetball, and a full-time security staff or doorman.
Frequently Asked Questions about Downtown Albany
How much are Studio apartments in Downtown Albany?
There are currently 445 Studio Apartments in Downtown Albany with rent ranges from $948 to $2,010 with an average price of $1,436.
What is the current price range for One Bedroom Downtown Albany Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Downtown Albany ranges from $995 to $3,876 with an average monthly rent of $1,692.
What does renting a Two Bedroom Apartment in Downtown Albany cost?
The monthly rent prices of Two Bedroom Apartments currently available in Downtown Albany range from $1,070 to $4,780. Today's average rental price for Two Bedrooms here is $2,124.
How expensive are Downtown Albany Three Bedroom Apartments?
There are currently 93 Three Bedroom Apartments listings available in Downtown Albany on ApartmentHomeLiving.com. The pricing ranges from $1,215 to $11,043 - averaging $2,007 for the location.
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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.