130 S Pearl St
AlbanyNY12202
Cheap Homes for Rent in Downtown Neighborhood of Albany, NY from $900 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Albany.
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$1,0001 Bedroom Apartments Available Jun 1
383 Clinton Ave, Unit 1
383 Clinton AveAlbany, NY 12206
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$1,0001 Bedroom Apartments Available Now
52 Clinton St, Unit 1
52 Clinton StAlbany, NY 12202
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$1,0501 Bedroom Apartments Available Now
204 Washington Ave
204 Washington AveAlbany, NY 12210
110 Lark St
AlbanyNY12210
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.
4-6 Sheridan Ave
AlbanyNY12207
65 Lark St, Unit 1, Unit 1
65 Lark St
AlbanyNY12210
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$1,2502 Bedroom Apartments Available Jun 1
103 Grand St, Unit 1
103 Grand StAlbany, NY 12202
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$1,3002 Bedroom Apartments Available Now
52 Clinton St, Unit 3
52 Clinton StAlbany, NY 12202
21 Elk St
AlbanyNY12207
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.
380 Orange St
AlbanyNY12206
295 Lark St
AlbanyNY12210
11 Osborne St
AlbanyNY12202
13 Western Ave
AlbanyNY12203
96 Grand St
AlbanyNY12202
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.
69 Alexander St
AlbanyNY12202
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Downtown, Albany, NY Local Guide
How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $1,470 | $990 | $2,194 |
| Downtown 3 Bedroom Homes for Rent | $1,715 | $1,350 | $2,200 |
| Downtown 4 Bedroom Homes for Rent | $1,675 | $1,500 | $1,850 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Albany, NY.
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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 $800. 363 state street has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. 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 | $800 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 287 State St | 285/2R | Studio,1BA | $1,150 |
| 69 Trinity Place | Spacious Studio Minutes from Times Union, Alban... | Studio,1BA | $1,195 |
Best Value Apartments for Rent in Downtown, NY
As of May 26, 2026 the best value apartment in the Downtown area is the $1.13 price per square foot 327 Hudson Ave Model at 327 Hudson Ave, Unit Apartment #1 in the in the Whitehall neighborhood starting from $2,150. The second greatest value Downtown apartment is the 35 Clinton Ave Model at 35 Clinton Ave starting at $2,250 with a $1.55 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. |
|---|---|---|---|
| 327 Hudson Ave, Unit Apartment #1 | 327 Hudson Ave | 2BR,2.5BA | $1.13 |
| 35 Clinton Ave | 35 Clinton Ave | 2BR,2.5BA | $1.55 |
| 270 Livingston Ave, Unit #1 | 270 Livingston Ave | 4BR,1BA | $1.06 |
| 385 Orange St | 385 Orange St | 4BR,1BA | $1.31 |
| The Monroe Apartments | 2BR/2.0BA | 2BR,2BA | $1.52 |
| The Lofts at 733 Broadway | Unit 204 | 1BR,1BA | $1.38 |
| 69 Trinity Place | 1BR/1.5BA | 1BR,1.5BA | $1.37 |
| Hinckel Brewery Development LLC | 1BR/1.0BA | 1BR,1BA | $1.44 |
| 396 Clinton Ave, Unit 2 | 396 Clinton Ave | 3BR,1BA | $1.49 |
| 254 Sheridan Ave, Unit 2 | 254 Sheridan Ave | 3BR,1BA | $1.37 |
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.
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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If you’re an expert on all things Downtown, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown, Albany, NY
Ranked #7
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 413 Apartments for Rent in Downtown, NY with pricing that ranges from $1,000 to $12,434. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $990 to $2,200.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $990 to $2,200 with an average monthly rent of $1,492.
How much are larger Three and Four Bedroom Rentals in Downtown?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown range from $1,215 to $12,434, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,850.
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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.