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$9502 Bedroom Apartments Available Now
5 West St
5 West StAlbany, NY 12206
Cheap Apartments for Rent in the Downtown Neighborhood of Albany, NY from $500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albany.
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$965 - $1,595Studio to 2 Bedroom Apartments Available Now
The Apartments at 66 State
66 State StAlbany, NY 12207
91 Columbia St
AlbanyNY12210
31-33 N Pearl St
AlbanyNY12207
51 Elm St
AlbanyNY12202
30 Bradford St
AlbanyNY12206
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$1,050
Total Monthly Price
Studio Apartment Available NowTotal Monthly Price
Base Rent
$1,050
Total Monthly Price
$1,050
64 Central Ave, Unit First Floor Studio
64 Central AveAlbany, NY 12206
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$1,0751 Bedroom Apartments Available Now
371 Hudson Ave
371 Hudson AveAlbany, NY 12210
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.
5 Irving St
AlbanyNY12202
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$1,1001 Bedroom Apartments Available Now
52 Clinton St
52 Clinton StAlbany, NY 12202
147 Eagle St
AlbanyNY12202
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1 Bedroom Apartments
PM 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 2 Bedroom Apartments
252 state street
252 State StAlbany, NY 12210
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Studio to 2 Bedroom Apartments
336 Hudson street
336 Hudson AveAlbany, NY 12210
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 1 Bedroom Apartments
142 Morton Ave
142 Morton AveAlbany, NY 12202
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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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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
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Studio Apartments
The Amsdell
175 Jay StAlbany, 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.
Showing Results 1-24, 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 | $1,424 | $965 | $1,980 |
| Downtown 1 Bedroom Apartments | $1,553 | $1,000 | $2,175 |
| Downtown 2 Bedroom Apartments | $1,828 | $950 | $3,050 |
| Downtown 3 Bedroom Apartments | $1,930 | $1,215 | $2,500 |
| Downtown 4 Bedroom Apartments | $1,870 | $1,490 | $2,250 |
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 24 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 252 state street 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 |
|---|---|---|---|
| 252 state street | Studio, 1 Bathroom | Studio,1BA | $850 |
| 256 state street | Studio, 1 Bathroom | Studio,1BA | $975 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| The Knick | 1 Bedroom G | 1BR,1BA | $1,120 |
| 69 Trinity Place | Spacious Studio Minutes from Times Union, Alban... | Studio,1BA | $1,195 |
Best Value Apartments for Rent in Downtown, NY
As of February 20, 2026 the best value apartment in the Downtown area is the $1.25 price per square foot 44 Clinton Ave Model at 44 Clinton Ave, Unit Unit 2 Brownstone in the in the Arbor Hill neighborhood starting from $2,500. The second greatest value Downtown apartment is the 3BR/2.0BA Model at Hinckel Brewery Development LLC 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. |
|---|---|---|---|
| 44 Clinton Ave, Unit Unit 2 Brownstone | 44 Clinton Ave | 3BR,2BA | $1.25 |
| Hinckel Brewery Development LLC | 3BR/2.0BA | 3BR,2BA | $1.50 |
| The Monroe | Plan 508 | 2BR,2BA | $1.59 |
| 270 Livingston Ave, Unit #1 | 270 Livingston Ave | 4BR,1BA | $1.06 |
| 412 Broadway | 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 |
| The McManus | One Bedroom | 1BR,1BA | $1.47 |
| 99 Pine Street | 1BR/1.0BA | 1BR,1BA | $1.58 |
| 15 John St, Unit 1 | 15 John St | 2BR,1BA | $1.61 |
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.
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.
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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 #13
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 252 state street 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 256 state 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 $1,495 at The Kenmore.
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.