91 Columbia St
AlbanyNY12210
Cheap Apartments for Rent in the Downtown Neighborhood of Albany, NY from $500 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albany.
51 Elm St
AlbanyNY12202
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$1,050
Total Monthly Price
Studio Apartment Available NowTotal Monthly Price
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$1,050
Total Monthly Price
$1,050
78 Dove St
78 Dove StAlbany, NY 12210
479 State St
AlbanyNY12203
130 S Pearl St
AlbanyNY12202
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$1,050
Total Monthly Price
Studio Apartment Available NowTotal Monthly Price
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$1,050
Total Monthly Price
$1,050
64 Central Ave, Unit First Floor Studio
64 Central AveAlbany, NY 12206
359 Washington Ave
AlbanyNY12206
192 Lark St
AlbanyNY12210
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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$1,125 - $2,080Studio to 3 Bedroom Apartments Available Now
Willett Apartments
88 Willett StAlbany, NY 12210
135 Madison Ave
AlbanyNY12207
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$1,200
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,200
Total Monthly Price
$1,200
377 Hudson Ave, Unit 377 Hudson Avenue - 2nd F
377 Hudson AveAlbany, NY 12210
262 Washington Ave
AlbanyNY12203
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1 Bedroom Apartments
63 2nd Ave
63 2nd AveAlbany, NY 12202
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1 to 3 Bedroom Apartments
Knox Street Apartments
137 Knox StAlbany, NY 12208
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Studio to 2 Bedroom Apartments
Fort Fredrick Apartments
248 State StAlbany, NY 12210
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Studio to 1 Bedroom Apartments
142 Morton Ave
142 Morton AveAlbany, NY 12202
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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Studio to 2 Bedroom Apartments
336 Hudson street
336 Hudson AveAlbany, NY 12210
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Studio to 3 Bedroom Apartments
256 state street
256 State StAlbany, NY 12210
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Studio to 1 Bedroom Apartments
363 state street
363 State StAlbany, NY 12210
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2 Bedroom Apartments
State Street Tower Apartments
397 State StAlbany, NY 12210
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1 Bedroom Apartments
71 chestnut street
71 Chestnut StAlbany, NY 12210
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Studio to 2 Bedroom Apartments
252 state street
252 State StAlbany, NY 12210
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1 Bedroom Apartments
409 State St
409 State StAlbany, NY 12210
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1 Bedroom Apartments
Merchant Walter House
188 Washington AveAlbany, NY 12210
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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Studio Apartments
The Amsdell
175 Jay StAlbany, NY 12210
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Studio to 2 Bedroom Apartments
69 Trinity Place
69 Trinity PlAlbany, NY 12202
4-6 Sheridan Ave
AlbanyNY12207
110 Lark St
AlbanyNY12210
97 3rd Avenue
RensselaerNY12144
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$1,050
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$1,050
Total Monthly Price
$1,050
1208 Broadway, Unit 1
1208 BroadwayRensselaer, NY 12144
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$1,1491 Bedroom Apartments Available Now
1 Macnaughton Ave
1 Macnaughton AveRensselaer, NY 12144
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$1,1991 Bedroom Apartments Available Now
1 Macnaughton Ave
1 Macnaughton AveRensselaer, NY 12144
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.
34 Washington St
RensselaerNY12144
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1 Bedroom Apartments
22 High St
22 High StRensselaer, NY 12144
Showing Results 1-34, Page 1 of 1
Downtown, Albany, NY Local Guide
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,537 | $1,050 | $1,905 |
| Downtown 1 Bedroom Apartments | $1,702 | $1,000 | $3,502 |
| Downtown 2 Bedroom Apartments | $1,951 | $1,100 | $3,811 |
| Downtown 3 Bedroom Apartments | $2,095 | $1,215 | $4,546 |
| Downtown 4 Bedroom Apartments | $4,026 | $1,490 | $6,562 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Albany, NY.
See all Apartments in AlbanyExplore Albany
Downtown, Albany, NY Local Guide
- Nearby Albany neighborhoods
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Albany, NY is a Studio unit found at 142 Morton Ave priced from $850. 256 state street has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable Downtown apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $850 |
| 256 state street | Studio, 1 Bathroom | Studio,1BA | $975 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 69 Trinity Place | Spacious Studio Minutes from Times Union, Alban... | Studio,1BA | $1,195 |
| Willett Apartments | Studio | Studio,1BA | $1,365 |
Best Value Apartments for Rent in Downtown, NY
As of April 07, 2026 the best value apartment in the Downtown area is the $1.29 price per square foot 301 Hudson Ave Model at 301 Hudson Ave, Unit 1 in the in the Whitehall neighborhood starting from $2,200. The second greatest value Downtown apartment is the 3BR/2.0BA Model at Hinckel Brewery Apartments starting at $2,400 with a $1.50 price per square foot in the Whitehall neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 301 Hudson Ave, Unit 1 | 301 Hudson Ave | 2BR,1BA | $1.29 |
| Hinckel Brewery Apartments | 3BR/2.0BA | 3BR,2BA | $1.50 |
| 270 Livingston Ave, Unit #1 | 270 Livingston Ave | 4BR,1BA | $1.06 |
| 1466 3rd St, Unit Upper Floor- B | 1466 3rd St | 2BR,1BA | $1.33 |
| The Palmer House Apartments | 2BR/2.0BA | 2BR,2BA | $1.57 |
| The Argus Apartments | 33/34 | 1BR,1.5BA | $1.31 |
| The Lofts at 733 Broadway | Unit 204 | 1BR,1BA | $1.38 |
| 69 Trinity Place | 1BR/1.5BA | 1BR,1.5BA | $1.37 |
| 377 Hudson Ave, Unit 377 Hudson Avenue - 2nd F | 377 Hudson Ave | 2BR,1BA | $1.41 |
| 78 Dove St | 78 Dove St | Studio ,1BA | $1.50 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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 LifestyleDowntown, Albany, NY
Ranked #6
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Apartments
What is the Cheapest Studio apartment in Downtown?
Currently the most affordable Cheap Studio Apartment in Downtown is at 142 Morton Ave listed at $850.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $1,050 at 71 chestnut street.
What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $1,550 at 96- 100 Chestnut St.
What is the most affordable Downtown Three Bedroom Apartment?
The best deal on a cheap Downtown Three Bedroom Apartment rental is at Willett Apartments and starts from $1,975.
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
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.
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.
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.
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.