31-33 N Pearl St
AlbanyNY12207
Cheap Apartments for Rent in the Downtown Neighborhood of Albany, NY from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Albany.
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Rent Specials
$1,015 - $2,005Studio to 3 Bedroom Apartments Available Now
Willett Apartments
88 Willett StAlbany, NY 12210
390 Clinton Ave
AlbanyNY12206
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$1,050 - $1,800Studio to 3 Bedroom Apartments Contact Us For Availability
361 State St
361 State StAlbany, NY 12210
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$1,0751 Bedroom Apartment Available Nov 15
386 Madison Ave, Unit Garden Level
386 Madison 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.
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11 Myrtle Ave
AlbanyNY12202
5 Irving St
AlbanyNY12202
418 Sheridan Ave
AlbanyNY12206
139 Madison Ave
AlbanyNY12202
4 Sheridan Ave
AlbanyNY12207
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, NY Local Guide
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,332 | $1,015 | $1,980 |
| Downtown 1 Bedroom Apartments | $1,502 | $1,000 | $2,175 |
| Downtown 2 Bedroom Apartments | $1,841 | $1,100 | $3,200 |
| Downtown 3 Bedroom Apartments | $1,765 | $1,100 | $2,900 |
| Downtown 4 Bedroom Apartments | $1,700 | $1,650 | $1,750 |
Browse Apartments in this Neighborhood
There are currently 25 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. 336 Hudson street has the second lowest priced unit, which is a Studio apartment currently listed from $950. 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 |
| 336 Hudson street | Studio, 1 Bathroom | Studio,1BA | $950 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,000 |
| 252 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Downtown, NY
As of November 09, 2025 the best value apartment in the Downtown area is the $1.04 price per square foot 24b Thacher St Model at 24b Thacher St, Unit 24B Thacher st in the in the Arbor Hill neighborhood starting from $2,900. The second greatest value Downtown apartment is the 1 Ten Broeck St Model at 1 Ten Broeck St, Unit Lower Level starting at $1,895 with a $1.05 price per square foot in the Arbor Hill 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. |
|---|---|---|---|
| 24b Thacher St, Unit 24B Thacher st | 24b Thacher St | 3BR,2BA | $1.04 |
| 1 Ten Broeck St, Unit Lower Level | 1 Ten Broeck St | 3BR,2BA | $1.05 |
| The Monroe | Plan 508 | 2BR,2BA | $1.59 |
| 414 Broadway, Unit 201 | 414 Broadway | 1BR,1BA | $1.24 |
| Hinckel Brewery Development LLC | 1BR/1.0BA | 1BR,1BA | $1.29 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| The Lofts at 733 Broadway | Unit 204 | 1BR,1BA | $1.38 |
| The MCManus | Two Bedroom | 2BR,1BA | $1.72 |
| 1452 Broadway, Unit 2nd floor | 1452 Broadway | 2BR,1BA | $1.40 |
| 341 State St, Unit 1st Floor | 341 State St | 1BR,1BA | $1.56 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
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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 #22
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 $1,000 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 $1,535 at Willett Apartments.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.