97 3rd Avenue
RensselaerNY12144
Cheap Homes for Rent in the Downtown Neighborhood of Albany, NY from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Albany.
97 3rd Avenue
RensselaerNY12144
120 Hamilton St
AlbanyNY12207
127 Dove St
AlbanyNY12202
1327 1st St
RensselaerNY12144
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
96 Grand St
AlbanyNY12202
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$1,200Studio Apartments Available Now
98 Chestnut St, Unit 1F
98 Chestnut StAlbany, NY 12210
250 Lark St
AlbanyNY12210
69 Alexander St
AlbanyNY12202
34 Washington St
RensselaerNY12144
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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$1,300Studio Apartments Available Now
89 Columbia St, Unit 3
89 Columbia StAlbany, NY 12210
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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 | $1,602 | $1,300 | $1,975 |
| Downtown 3 Bedroom Homes for Rent | $1,722 | $1,595 | $1,850 |
| Downtown 4 Bedroom Homes for Rent | $2,081 | $1,650 | $2,750 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Albany, NY is a Studio unit found at 449 State St priced from $895. 336 Hudson street 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 |
|---|---|---|---|
| 449 State St | 0 Beds, 1 Baths | Studio,1BA | $895 |
| 336 Hudson street | Studio, 1 Bathroom | Studio,1BA | $900 |
| 142 Morton Ave | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,000 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
| 256 state street | Studio, 1 Bathroom | Studio,1BA | $1,025 |
Best Value Apartments for Rent in Downtown, NY
As of August 25, 2026 the best value apartment in the Downtown area is the $0.15 price per square foot 280 State St Model at 280 State St, Unit 3 in the in the Arbor Hill neighborhood starting from $1,525. The second greatest value Downtown apartment is the 44 Clinton Ave Model at 44 Clinton Ave, Unit 2 Brownstone starting at $2,500 with a $1.25 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. |
|---|---|---|---|
| 280 State St, Unit 3 | 280 State St | 2BR,1BA | $0.15 |
| 44 Clinton Ave, Unit 2 Brownstone | 44 Clinton Ave | 3BR,2BA | $1.25 |
| 35 Clinton Ave, Unit UpperFloors/2Bedroom | 35 Clinton Ave | 2BR,2.5BA | $1.41 |
| Hinckel Brewery Development LLC | 3BR/1.0BA | 3BR,1BA | $1.39 |
| 930 On Broadway | 2 Bedroom C | 2BR,1BA | $1.80 |
| 13 Delaware St, Unit 13 delaware st albany ny | 13 Delaware St | 2BR,1BA | $1.64 |
| The Kennedy | 402 | 2BR,1BA | $1.82 |
| 396 Clinton Ave, Unit 2 | 396 Clinton Ave | 3BR,1BA | $1.49 |
| 99 Pine Street | 1BR/1.0BA | 1BR,1BA | $1.80 |
| 82 Dove St, Unit B | 82 Dove St | 1BR,1BA | $1.36 |
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.
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Quick 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 #13
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 419 Apartments for Rent in Downtown, NY with pricing that ranges from $1,050 to $9,878. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $900 to $2,750.
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 $900 to $2,750 with an average monthly rent of $1,524.
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 $1,100 to $3,946, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $1,850. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $6,246.
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
The Best Neighborhoods for Renters While Attending College in Albany
Written by: Patrick Ryan
Albany, the Capital city of New York state, is revered for its unique architecture and storied history.
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.