Cheap Homes for Rent in Downtown Albany Neighborhood of Albany, NY from $900 (23 Rentals)

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

property at 130 S Pearl St

$990

Total Monthly Price

Total Monthly Price

Base Rent
$990
Total Monthly Price
$990

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

130 S Pearl St

AlbanyNY12202
property at 65 Lark St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

65 Lark St, Unit 1

65 Lark St
AlbanyNY12210
property at 4-6 Sheridan Ave

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

4-6 Sheridan Ave

AlbanyNY12207

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
property at 96 Grand St

$1,200 - $1,300

1 To 2 Bedroom Rentals

Available Now

96 Grand St

AlbanyNY12202

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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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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Showing Results 1-23, 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 Studio unit found at 1395 Hudson priced from $650. 449 State St has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Downtown Albany apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
1395 HudsonStudio GStudio,1BA$650
449 State St0 Beds, 1 BathsStudio,1BA$895
287 State St280/2Studio,1BA$940
Campus View ApartmentsStudioStudio,1BA$948
256 state street1 Bedroom, 1 Bathroom1BR,1BA$950

Best Value Apartments for Rent in Downtown Albany, NY

As of June 10, 2026 the best value apartment in the Downtown Albany area is the $0.17 price per square foot 2nd Floor Model at 370-372 Morris St in the in the Whitehall neighborhood starting from $1,725. The second greatest value Downtown Albany apartment is the 327 Hudson Ave Model at 327 Hudson Ave, Unit Apartment #1 starting at $2,150 with a $1.13 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.
370-372 Morris St2nd Floor3BR,1BA$0.17
327 Hudson Ave, Unit Apartment #1327 Hudson Ave2BR,2.5BA$1.13
178 Western Ave, Unit 3178 Western Ave3BR,1BA$1.13
310 Western Ave, Unit 2310 Western Ave4BR,1BA$0.56
385 Orange St385 Orange St4BR,1BA$1.31
440 New Scotland Ave, Unit 2FL-NSA440 New Scotland Ave2BR,1.5BA$1.30
Swinburne Commons Apartments3 Bedroom3BR,2BA$1.12
211 Ontario St, Unit 1211 Ontario St4BR,1BA$0.48
497 Hamilton St, Unit room rentals497 Hamilton St4BR,1BA$0.52
246 Delaware Ave, Unit 1 East246 Delaware Ave2BR,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.

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Real 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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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 #1

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 883 Apartments for Rent in Downtown Albany, NY with pricing that ranges from $575 to $11,065. There are also 88 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Albany ranging from $975 to $5,500.

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 $975 to $5,500 with an average monthly rent of $2,293.

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 $1,350 to $11,065, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,500 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

decorative image for A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.