687 State St
AlbanyNY12203
Cheap Homes for Rent in Downtown Albany Neighborhood of Albany, NY from $500 (31 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Albany area of Albany.
169 Brevator St, Unit WashingtonAvenueBedroom
169 Brevator St
AlbanyNY12206
418 Delaware Ave
AlbanyNY12209
285 Washington Ave
AlbanyNY12206
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
705 Hudson Ave
AlbanyNY12203
54 Pine St
RensselaerNY12144
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43 First Street, Unit Basement
43 First Street
AlbanyNY12210
147 Eagle St
AlbanyNY12202
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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.
442 2nd St
AlbanyNY12206
18 Second Ave
AlbanyNY12202
531 Hamilton St
AlbanyNY12203
184 N Lake Ave
AlbanyNY12206
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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.
7 Corning St
AlbanyNY12205
399 State St, Unit 506
399 State St
AlbanyNY12210
5 West St
AlbanyNY12206
60 Morris St
AlbanyNY12208
4-6 Sheridan Ave
AlbanyNY12207
21 Elk St
AlbanyNY12207
1098 Western Ave
AlbanyNY12203
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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.
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68 Morris St
AlbanyNY12208
Showing Results 1-31, Page 1 of 1
Downtown Albany, Albany, NY Local Guide
How much does it cost to rent a home in Downtown Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Albany 2 Bedroom Homes for Rent | $1,628 | $1,200 | $2,200 |
| Downtown Albany 3 Bedroom Homes for Rent | $1,789 | $1,195 | $2,600 |
| Downtown Albany 4 Bedroom Homes for Rent | $2,320 | $1,800 | $3,300 |
| Downtown Albany 5 Bedroom Homes for Rent | $3,050 | $2,500 | $3,400 |
| Downtown Albany 6 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
| Downtown Albany 7 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Downtown Albany Neighborhood of Albany, NY.
Explore Albany
Downtown Albany, Albany, NY Local Guide
- Nearby Albany neighborhoods
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Cheapest Available Downtown Albany Apartments for Rent
The cheapest available apartment rental in the Downtown Albany area of Albany, NY is a Studio unit found at 142 Morton Ave priced from $850. Capitol Green has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Downtown Albany apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $850 |
| Capitol Green | Studio | Studio,1BA | $875 |
| 252 state street | Studio, 1 Bathroom | Studio,1BA | $900 |
| 338 Hudson street | Studio, 1 Bathroom | Studio,1BA | $950 |
| 11 S Lake | Studio Apartment | Studio,1BA | $1,000 |
| Downtown Student Housing | 2 Bedroom | 2BR,2BA | $1,100 |
| Park Row and New Scotland Gardens Apartments | Park Row Large 1 Bedroom | 1BR,1BA | $1,103 |
| The Amsdell | Style A | Studio,1BA | $1,130 |
| Campus View Apartments | One Bedroom | 1BR,1BA | $1,131 |
| Newly Renovated Apartments in Pine Hills | 1BR/1.0BA | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Downtown Albany, NY
As of June 27, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 238 Quail St, Unit 1 | 238 Quail St | 5BR,2.5BA | $1.20 |
| 268 Western Ave, Unit 1 | 268 Western Ave | 4BR,1BA | $0.96 |
| 44 James | The James | 2BR,1BA | $0.84 |
| 459 Jay St, Unit 1 | 459 Jay St | 2BR,1BA | $0.96 |
| 589 Washington Ave, Unit 1 | 589 Washington Ave | 4BR,1BA | $1.37 |
| Crestwood Townhomes | 2BR Monroe Townhome | 2BR,1BA | $1.29 |
| Downtown Student Housing | 3 Bedroom | 3BR,2BA | $1.33 |
| Park Hill Lane Apartments | The Elm PL - with Heat | 2BR,2BA | $1.38 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| 450 Bradford St, Unit 450 Bradford St | 450 Bradford St | 2BR,1BA | $1.33 |
Quick 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.
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Frequently Asked Questions about Downtown Albany
What type of rentals are currently available in Downtown Albany?
There are currently 852 Apartments for Rent in Downtown Albany, NY with pricing that ranges from $875 to $4,676. There are also 105 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Albany ranging from $550 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 $550 to $3,500 with an average monthly rent of $2,287.
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 $1,215 to $4,676, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,800 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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.