Cheap Homes for Rent in Downtown Albany Neighborhood of Albany, NY from $800 (25 Rentals)

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

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 130 S Pearl St

$1,090

2 Bedroom, 1.5 Bath Townhome for Rent

Available Jan 1, 2026

130 S Pearl St

AlbanyNY12202

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.

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Cash 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.

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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.

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Showing Results 1-25, 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 $850. 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$850
Capitol GreenStudioStudio,1BA$875
Campus View ApartmentsStudioStudio,1BA$968
44 James205Studio,1BA$995

Best Value Apartments for Rent in Downtown Albany, NY

As of December 21, 2025 the best value apartment in the Downtown Albany area is the $1.21 price per square foot 182 Washington Ave Model at 182 Washington Ave, Unit Third floor mansion apt. in the in the Whitehall neighborhood starting from $2,000. The second greatest value Downtown Albany apartment is the 372 Morris St Model at 372 Morris St, Unit 372 Morris starting at $1,695 with a $1.11 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.
182 Washington Ave, Unit Third floor mansion apt.182 Washington Ave3BR,1BA$1.21
372 Morris St, Unit 372 Morris372 Morris St3BR,1BA$1.11
107 3rd Ave, Unit Neilzen107 3rd Ave3BR,1BA$1.21
534 Hamilton St, Unit 2534 Hamilton St1BR,1BA$0.73
589 Washington Ave, Unit 1589 Washington Ave4BR,1BA$1.37
Downtown Student Housing3 Bedroom3BR,2BA$1.33
95 3rd Ave, Unit 195 3rd Ave3BR,1BA$1.34
412 Broadway33/341BR,1.5BA$1.31
199 South Allen Apartments1 BD / 1BA1BR,1BA$1.34
44 W Van Vechten St, Unit 144 W Van Vechten St1BR,1BA$1.11

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.

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The 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.

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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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Pet Friendly Lifestyle
Downtown Albany, Albany, NY

Ranked #3

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 874 Apartments for Rent in Downtown Albany, NY with pricing that ranges from $650 to $4,580. There are also 95 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Albany ranging from $850 to $4,000.

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 $850 to $4,000 with an average monthly rent of $2,171.

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 $2,990, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,700.

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

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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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!