Cheap Homes for Rent in Downtown Albany Neighborhood of Albany, NY from $300 (41 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Albany area of Albany.

property at 418 Delaware Ave

418 Delaware Ave

AlbanyNY12209
Showing Results 1-41, Page 1 of 1

Downtown Albany, Albany, NY Local Guide

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 $800. Here are the most affordable Downtown Albany apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
Colvin Avenue Commons2BR2BR,1BA$733
142 Morton AveStudio, 1 BathroomStudio,1BA$800
Capitol GreenStudioStudio,1BA$875
336 Hudson streetStudio, 1 BathroomStudio,1BA$950
Campus View ApartmentsStudioStudio,1BA$968
363 state streetStudio, 1 BathroomStudio,1BA$1,000
The Kenmore404Studio,1BA$1,045
Capitol Crossings1 Bedroom 1 Bathroom1BR,1BA$1,099
Downtown Student Housing2 Bedroom2BR,2BA$1,100

Best Value Apartments for Rent in Downtown Albany, NY

As of September 14, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
238 Quail St, Unit 1238 Quail St5BR,2.5BA$1.20
268 Western Ave, Unit 1268 Western Ave4BR,1BA$0.96
77 Brevator St, Unit 277 Brevator St4BR,1BA$0.99
Albany Lofts at One Broadway2BD 2BA2BR,2BA$1.13
642 Providence St, Unit 2642 Providence St3BR,1.5BA$1.08
372 Morris St, Unit 372 Morris372 Morris St3BR,1BA$1.11
287 State StUnit 3F2BR,1BA$1.16
459 Jay St, Unit 1459 Jay St2BR,1BA$0.96
1 Ten Broeck St, Unit 31 Ten Broeck St2BR,1BA$1.17
817 3rd St, Unit 1817 3rd St2BR,1BA$0.86

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Pet Friendly Lifestyle
Downtown Albany, Albany, NY

Ranked #31

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Albany, Albany, NY

School data provided by Great Schools

Frequently Asked Questions about Downtown Albany

What type of rentals are currently available in Downtown Albany?

There are currently 865 Apartments for Rent in Downtown Albany, NY with pricing that ranges from $650 to $11,529. There are also 109 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Albany ranging from $350 to $3,500.

What is the current price range for Rental Homes in Downtown Albany?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Albany ranges from $350 to $3,500 with an average monthly rent of $2,256.

How much are larger Three and Four Bedroom Rentals in Downtown Albany?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Albany range from $650 to $2,953, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,700.

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.

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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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.