54 Pine St
RensselaerNY12144
Cheap Homes for Rent in Downtown Neighborhood of Albany, NY from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Albany.
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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43 First Street, Unit Basement
43 First Street
AlbanyNY12210
147 Eagle St
AlbanyNY12202
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.
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 | $1,530 | $1,300 | $1,750 |
| Downtown 3 Bedroom Homes for Rent | $2,220 | $2,000 | $2,390 |
| Downtown 4 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 $850. 338 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 |
| 338 Hudson street | Studio, 1 Bathroom | Studio,1BA | $950 |
| The Amsdell | Style A | Studio,1BA | $1,130 |
Best Value Apartments for Rent in Downtown, NY
As of July 04, 2025 the best value apartment in the Downtown area is the $1.60 price per square foot 356 Hamilton St Model at 356 Hamilton St, Unit 1 in the in the Whitehall neighborhood starting from $2,400. The second greatest value Downtown apartment is the 33/34 Model at 412 Broadway starting at $1,495 with a $1.31 price per square foot in the Mount Hope 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. |
|---|---|---|---|
| 356 Hamilton St, Unit 1 | 356 Hamilton St | 3BR,2.5BA | $1.60 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| 518 Broadway, Unit 1 | 518 Broadway | 1BR,1BA | $1.70 |
| 15 Delaware St, Unit 1 | 15 Delaware St | 1BR,1BA | $1.37 |
| 99 Pine Street | 1BR/1.0BA | 1BR,1BA | $1.42 |
| 113 Dove St, Unit Apt 1 | 113 Dove St | 1BR,1BA | $1.40 |
| Hinckel Brewery Development LLC | 2BR/1.0BA | 2BR,1BA | $1.58 |
| 49 Broadway, Unit floor 2 | 49 Broadway | 1BR,1BA | $1.53 |
| 8 Myrtle Ave, Unit 2 | 8 Myrtle Ave | 1BR,1BA | $1.62 |
| 120 Lark St, Unit 1st Floor | 120 Lark St | 2BR,1BA | $1.73 |
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 397 Apartments for Rent in Downtown, NY with pricing that ranges from $900 to $3,405. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $985 to $3,300.
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 $985 to $3,300 with an average monthly rent of $1,937.
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 $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $2,390. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $1,650.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
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.