Cheap Homes for Rent in Downtown Neighborhood of Albany, NY from $900 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown area of Albany.

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Downtown, Albany, NY Local Guide

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. 336 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 ListingModel NameBed/BathPriced From
142 Morton AveStudio, 1 BathroomStudio,1BA$800
336 Hudson streetStudio, 1 BathroomStudio,1BA$950
363 state streetStudio, 1 BathroomStudio,1BA$1,000
The AmsdellStyle AStudio,1BA$1,130
100 Chestnut StStudio, 1 bathStudio,1BA$1,200

Best Value Apartments for Rent in Downtown, NY

As of September 08, 2025 the best value apartment in the Downtown area is the $1.16 price per square foot Unit 3F Model at 287 State St in the in the Arbor Hill neighborhood starting from $1,735. The second greatest value Downtown apartment is the 1BR/1.0BA Model at Hinckel Brewery Development LLC starting at $1,720 with a $1.43 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 ListingModel NameBed/BathPrice Per Sq.Ft.
287 State StUnit 3F2BR,1BA$1.16
Hinckel Brewery Development LLC1BR/1.0BA1BR,1BA$1.43
271 Hudson Ave, Unit Garden Floor271 Hudson Ave1BR,1BA$1.33
17 Bleecker Pl, Unit 2nd FL17 Bleecker Pl2BR,1BA$1.17
1 Ten Broeck St, Unit 31 Ten Broeck St2BR,1BA$1.17
412 Broadway33/341BR,1.5BA$1.31
817 3rd St, Unit 1817 3rd St2BR,1BA$0.86
179 Elk St, Unit Floor 1179 Elk St2BR,1BA$1.27
15 Delaware St, Unit 115 Delaware St1BR,1BA$1.37
241 Elm St, Unit 241 #1241 Elm St1BR,1BA$1.44

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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Pet Friendly Lifestyle
Downtown, Albany, NY

Ranked #24

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 411 Apartments for Rent in Downtown, NY with pricing that ranges from $950 to $3,411. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $995 to $2,600.

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 $2,600 with an average monthly rent of $1,593.

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 $1,450 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,850.

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.