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$900Studio Apartments Available Now
204 Washington Ave
204 Washington AveAlbany, NY 12210
Cheap Homes for Rent in the Downtown Neighborhood of Albany, NY from $1,200 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Albany.
120 Hamilton St
AlbanyNY12207
96 Grand St
AlbanyNY12202
1327 1st St
RensselaerNY12144
21 Elk St
AlbanyNY12207
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.
69 Alexander St
AlbanyNY12202
11 Osborne St
AlbanyNY12202
166 Morton Ave
AlbanyNY12202
44 Osborne St
AlbanyNY12202
221 Lancaster St
AlbanyNY12210
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.
Showing Results 1-10, Page 1 of 1
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 | $1,709 | $1,300 | $2,195 |
| Downtown 3 Bedroom Homes for Rent | $1,794 | $1,325 | $2,400 |
| Downtown 4 Bedroom Homes for Rent | $1,633 | $1,450 | $1,800 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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 449 State St priced from $895. 256 state street has the second lowest priced unit, which is a 1 Bed 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 |
|---|---|---|---|
| 449 State St | 0 Beds, 1 Baths | Studio,1BA | $895 |
| 256 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $950 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
Best Value Apartments for Rent in Downtown, NY
As of July 10, 2026 the best value apartment in the Downtown area is the $1.55 price per square foot 35 Clinton Ave Model at 35 Clinton Ave, Unit UpperFloors/2Bedroom in the in the Arbor Hill neighborhood starting from $2,250. The second greatest value Downtown apartment is the 385 Orange St Model at 385 Orange St starting at $1,490 with a $1.11 price per square foot in the Whitehall 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. |
|---|---|---|---|
| 35 Clinton Ave, Unit UpperFloors/2Bedroom | 35 Clinton Ave | 2BR,2.5BA | $1.55 |
| 385 Orange St | 385 Orange St | 4BR,1BA | $1.11 |
| 840 2nd St, Unit Floor 1 | 840 2nd St | 2BR,1BA | $1.38 |
| Hinckel Brewery Development LLC | 2BR/1.0BA | 2BR,1BA | $1.25 |
| ArtHouse Apartments | 1 BR D | 1BR,1BA | $1.76 |
| 518 Broadway, Unit 1 | 518 Broadway | 1BR,1BA | $1.70 |
| The Kennedy | 402 | 2BR,1BA | $1.82 |
| 328 Orange St, Unit 328 Orange St | 328 Orange St | 2BR,1BA | $1.39 |
| 96- 100 Chestnut St | 2 Bedroom | 2BR,1BA | $1.82 |
| 40 Central Ave, Unit 2 Fifth Floor | 40 Central Ave | 1BR,1BA | $1.69 |
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 Article
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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Do you know the Downtown area?
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 #11
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 418 Apartments for Rent in Downtown, NY with pricing that ranges from $900 to $7,721. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,200 to $2,400.
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 $1,200 to $2,400 with an average monthly rent of $1,575.
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 $1,390 to $2,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,325 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,100.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.