Cheap Homes for Rent in Albany, NY from $800 (64 Rentals)

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property at 418 Delaware Ave

418 Delaware Ave

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property at 260 Madison St

260 Madison St

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property at 538 2nd St

538 2nd St

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Albany, NY Local Guide

Cheapest Neighborhoods for Apartments in Albany, NY

Pricing Updated: 09/15/2025

Current apartment rentals in the Albany, NY area range in price from $650 to $11,529 with an overall median price of $2,432. The three Albany neighborhoods with the lowest median rent pricing are Center Square at $1,015, Central Avenue at $1,015, and Capitol Hill at $1,015. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albany Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Center Square$1,765$1,01515
Central Avenue$1,765$1,01534
Capitol Hill$1,800$1,01519
Downtown$1,850$95087
Outer Schenectady$1,875$80543
Washington Park$2,000$1,01516
Mount Hope$2,005$650111
Normanskill Kenwood$2,005$65074
Arbor Hill$2,045$1,04542
Sheridan Hollow$2,045$1,04535

Cheapest Available Albany Apartments for Rent

 

The cheapest available apartment rental in Albany, NY is a 2 Beds unit found at Colvin Avenue Commons in the West Hill neighborhood priced from $733. 142 Morton Ave in the Whitehall neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Colvin Avenue Commons2BR2BR,1BA$733
142 Morton AveStudio, 1 BathroomStudio,1BA$800
Capitol GreenStudioStudio,1BA$875
336 Hudson streetStudio, 1 BathroomStudio,1BA$950
Campus View ApartmentsStudioStudio,1BA$968
363 state streetStudio, 1 BathroomStudio,1BA$1,000
The Kenmore404Studio,1BA$1,045
Latham Village AptartmentsOne Bedroom One Bath1BR,1BA$1,065

Best Value Apartments for Rent in Albany, NY

As of September 16, 2025 the best value apartment in the Albany area is the $0.96 price per square foot 268 Western Ave Model at 268 Western Ave, Unit 1 in the in the Whitehall neighborhood starting from $2,400. The second greatest value Albany apartment is the 203 5th Ave Model at 203 5th Ave, Unit 203 5th ave front apt starting at $1,200 with a $0.50 price per square foot . Here is today’s list of the best values for Albany apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
268 Western Ave, Unit 1268 Western Ave4BR,1BA$0.96
203 5th Ave, Unit 203 5th ave front apt203 5th Ave1BR,1BA$0.50
77 Brevator St, Unit 277 Brevator St4BR,1BA$0.99
Albany Lofts at One Broadway2BD 2BA2BR,2BA$1.13
642 Providence St, Unit 2642 Providence St3BR,1.5BA$1.08
372 Morris St, Unit 372 Morris372 Morris St3BR,1BA$1.11
287 State StUnit 3F2BR,1BA$1.16
459 Jay St, Unit 1459 Jay St2BR,1BA$0.96
817 3rd St, Unit 1817 3rd St2BR,1BA$0.86
658 4th St, Unit 1658 4th St2BR,1BA$1.09

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Pet Friendly Lifestyle

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

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Albany

What type of rentals are currently available in Albany?

There are currently 1374 Apartments for Rent in Albany, NY with pricing that ranges from $650 to $11,529. There are also 187 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $850 to $4,700.

What is the current price range for Rental Homes in Albany?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Albany ranges from $850 to $4,700 with an average monthly rent of $2,349.

How much are larger Three and Four Bedroom Rentals in Albany?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Albany range from $650 to $3,576, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,750. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $965.

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.

decorative image for A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY article

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.