398 Madison Ave
AlbanyNY12210
Cheap Homes for Rent in Downtown Neighborhood of Albany, NY from $900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Albany.
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.
11 Riverside Avenue, Unit 3rd Floor
11 Riverside Avenue
RensselaerNY12144
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
43 First Street, Unit Basement
43 First Street
AlbanyNY12210
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
250 Lark St
AlbanyNY12210
18 Second Ave
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 | $1,545 | $1,250 | $2,100 |
| Downtown 3 Bedroom Homes for Rent | $1,419 | $1,300 | $1,550 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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
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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. 361 State St has the second lowest priced unit, which is a Studio apartment currently listed from $900. 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 |
| 361 State St | Studio | Studio,1BA | $900 |
| 338 Hudson street | Studio, 1 Bathroom | Studio,1BA | $950 |
Best Value Apartments for Rent in Downtown, NY
As of May 13, 2025 the best value apartment in the Downtown area is the $0.89 price per square foot The James Model at 44 James in the in the Melrose neighborhood starting from $1,995. The second greatest value Downtown apartment is the 1BD 1.5BA Model at Albany Lofts at One Broadway starting at $1,965 with a $1.56 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. |
|---|---|---|---|
| 44 James | The James | 2BR,1BA | $0.89 |
| Albany Lofts at One Broadway | 1BD 1.5BA | 1BR,1.5BA | $1.56 |
| 73 Clinton St, Unit 73 Clinton St 3rd fl | 73 Clinton St | 3BR,1BA | $1.58 |
| 354 Orange St, Unit 2 | 354 Orange St | 3BR,1BA | $1.13 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| 99 Pine Street | 1BR/1.0BA | 1BR,1BA | $1.42 |
| 208 Myrtle Ave, Unit #2 | 208 Myrtle Ave | 1BR,1BA | $1.35 |
| The Apartments at 66 State | 2B1RC | 2BR,1BA | $1.77 |
| 49 Broadway, Unit floor 2 | 49 Broadway | 1BR,1BA | $1.53 |
| Willett Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.78 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 421 Apartments for Rent in Downtown, NY with pricing that ranges from $900 to $3,405. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $995 to $2,100.
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 $995 to $2,100 with an average monthly rent of $1,327.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.