97 3rd Avenue
RensselaerNY12144
Cheap Homes for Rent in the Downtown Albany Neighborhood of Albany, NY from $900 (25 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Albany area of Albany.
4 Peyster St
AlbanyNY12208
705 Hudson Ave
AlbanyNY12203
4 Peyster St
AlbanyNY12208
559 Myrtle Ave
AlbanyNY12208
59 Crescent Dr
AlbanyNY12208
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
80 Lowell St, Unit 2
80 Lowell St
AlbanyNY12205
127 Dove St
AlbanyNY12202
1327 1st St
RensselaerNY12144
132 Spring St
AlbanyNY12203
395 Livingston Ave
AlbanyNY12206
225 S Allen St
AlbanyNY12208
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
293 Hudson Ave
AlbanyNY12210
96 Grand St
AlbanyNY12202
469 Clinton Ave, Unit Apartment 2
469 Clinton Ave
AlbanyNY12206
110 Lark St
AlbanyNY12210
399 State St, Unit 506
399 State St
AlbanyNY12210
300 Morton Ave
AlbanyNY12209
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
250 Lark St
AlbanyNY12210
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$1,275Studio Apartments Available Now
89 Columbia St, Unit 3
89 Columbia StAlbany, NY 12210
24 W Erie St
AlbanyNY12208
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$1,3001 Bedroom Apartments Available Now
548 Madison Ave, Unit 4
548 Madison AveAlbany, NY 12208
34 Washington St
RensselaerNY12144
69 Alexander St
AlbanyNY12202
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
189 Second Ave
AlbanyNY12202
Showing Results 1-25, 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 | $1,558 | $1,175 | $2,950 |
| Downtown Albany 3 Bedroom Homes for Rent | $1,722 | $1,280 | $2,600 |
| Downtown Albany 4 Bedroom Homes for Rent | $2,076 | $1,650 | $3,000 |
| Downtown Albany 5 Bedroom Homes for Rent | $2,400 | $1,800 | $3,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Downtown Albany Neighborhood of Albany, NY.
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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 1 Bed unit found at 71 chestnut street priced from $800. 336 Hudson street has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Downtown Albany apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $800 |
| 336 Hudson street | Studio, 1 Bathroom | Studio,1BA | $900 |
| 256 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $950 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $975 |
| 142 Morton Ave | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Downtown Albany, NY
As of September 10, 2026 the best value apartment in the Downtown Albany area is the $0.15 price per square foot 280 State St Model at 280 State St, Unit 3 in the in the Arbor Hill neighborhood starting from $1,525. The second greatest value Downtown Albany apartment is the 584 Western Ave Model at 584 Western Ave, Unit First Floor starting at $1,850 with a $0.72 price per square foot in the Melrose 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. |
|---|---|---|---|
| 280 State St, Unit 3 | 280 State St | 2BR,1BA | $0.15 |
| 584 Western Ave, Unit First Floor | 584 Western Ave | 2BR,2BA | $0.72 |
| 44 Clinton Ave, Unit 2 Brownstone | 44 Clinton Ave | 3BR,2BA | $1.25 |
| 155 Western Ave, Unit 3 | 155 Western Ave | 3BR,2BA | $1.05 |
| 326 Quail St, Unit 326 Quail 1st Floor | 326 Quail St | 3BR,1BA | $1.00 |
| 361 Manning Blvd, Unit 2 | 361 Manning Blvd | 3BR,1BA | $1.21 |
| 211 Ontario St, Unit 1 | 211 Ontario St | 4BR,1BA | $0.48 |
| Downtown Student Housing | 3 Bedroom | 3BR,2BA | $1.33 |
| Swinburne Commons Apartments | 3 Bedroom | 3BR,2BA | $1.33 |
| 246 Delaware Ave, Unit 1 East | 246 Delaware Ave | 2BR,1BA | $0.99 |
Don'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 Article
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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
Albany City School District
Public School - Grades 6-8 (613)
5 out of 10
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 921 Apartments for Rent in Downtown Albany, NY with pricing that ranges from $575 to $4,780. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Albany ranging from $900 to $3,000.
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 $900 to $3,000 with an average monthly rent of $1,628.
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 $1,100 to $2,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,280 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $575.
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
The Best Neighborhoods for Renters While Attending College in Albany
Written by: Patrick Ryan
Albany, the Capital city of New York state, is revered for its unique architecture and storied history.
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.