Cheap Homes for Rent in Downtown Albany Neighborhood of Albany, NY from $800 (24 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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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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property at 566 Park Ave

$1,395

2 Bedroom Rentals

Available Now

566 Park Ave

AlbanyNY12208

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 1-24, 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 252 state street priced from $850. Campus View Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $968. Here are the most affordable Downtown Albany apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
252 state streetStudio, 1 BathroomStudio,1BA$850
Campus View ApartmentsStudioStudio,1BA$968
256 state streetStudio, 1 BathroomStudio,1BA$975
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
Downtown Student Housing2 Bedroom2BR,2BA$1,100

Best Value Apartments for Rent in Downtown Albany, NY

As of March 12, 2026 the best value apartment in the Downtown Albany area is the $1.06 price per square foot 270 Livingston Ave Model at 270 Livingston Ave, Unit #1 in the in the Arbor Hill neighborhood starting from $1,490. The second greatest value Downtown Albany apartment is the 799 Park Ave Model at 799 Park Ave, Unit 2 Bedrooms + Utilities starting at $1,750 with a $1.27 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.
270 Livingston Ave, Unit #1270 Livingston Ave4BR,1BA$1.06
799 Park Ave, Unit 2 Bedrooms + Utilities799 Park Ave2BR,1BA$1.27
310 Western Ave, Unit Unit 2310 Western Ave4BR,1BA$0.56
211 Ontario St211 Ontario St4BR,1BA$0.48
533 Washington Ave, Unit 2533 Washington Ave3BR,1BA$1.32
Downtown Student Housing3 Bedroom3BR,2BA$1.33
412 Broadway33/341BR,1.5BA$1.31
14 Bohl Ave, Unit 114 Bohl Ave2BR,1BA$1.23
253 Park Ave, Unit Beautiful 1 BR Apartment253 Park Ave1BR,1BA$1.20
95 Winthrop Ave, Unit Basement95 Winthrop Ave2BR,1BA$1.22

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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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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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 871 Apartments for Rent in Downtown Albany, NY with pricing that ranges from $575 to $5,480. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Albany ranging from $875 to $5,000.

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 $875 to $5,000 with an average monthly rent of $2,066.

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 $1,200 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,600 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

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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.