Cheap Homes for Rent in Albany, NY from $900 (73 Rentals)

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

Albany's Best Affordable Neighborhoods

Learn about Albany, NY and the best places to live with original content written by our New York area Local Expert Patrick Ryan

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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.

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property at 225 S Allen St

$1,195

Studio To 1 Bedroom Rentals

Available Now

225 S Allen St

AlbanyNY12208
property at 516 4th St

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

516 4th St

TroyNY12180
property at 56 Thompson St

$1,225 - $1,375

2 To 3 Bedroom Rentals

Available Now

56 Thompson St

TroyNY12180
property at 1210 5th Ave

$1,245

2 Bedroom Rentals

Available Now

1210 5th Ave

TroyNY12180

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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property at 162 River St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Condo for Rent

Available Sep 1

162 River St, Unit SAGE APARTMENTS

162 River St
TroyNY12180

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 864 Madison Ave

$1,350 - $1,550

3 To 4 Bedroom Rentals

Available Now

864 Madison Ave

AlbanyNY12208

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.

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Showing Results 1-50, Page 1 of 2

Albany, NY Local Guide

Cheapest Neighborhoods for Apartments in Albany, NY

Pricing Updated: 08/20/2026

Current apartment rentals in the Albany, NY area range in price from $575 to $10,684 with an overall median price of $1,764. The three Albany neighborhoods with the lowest median rent pricing are Central State at $1,062, Outer Schenectady at $1,435, and South End at $1,500. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albany Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Central State$1,062$8101
Outer Schenectady$1,435$81048
South End$1,500$1,0505
Mt Pleasant$1,500$81046
Seward Place$1,545$82523
Sheridan Hollow$1,565$1,20030
Beverwyck$1,571$57518
Arbor Hill$1,580$1,20025
Downtown Schenectady$1,595$82569
Hamilton Hill$1,600$1,3004

Cheapest Available Albany Apartments for Rent

 

The cheapest available apartment rental in Albany, NY is a Studio unit found at 449 State St in the Whitehall neighborhood priced from $895. 336 Hudson street in the Whitehall neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
449 State St0 Beds, 1 BathsStudio,1BA$895
336 Hudson streetStudio, 1 BathroomStudio,1BA$900
142 Morton Ave1 Bedroom, 1 Bathroom1BR,1BA$1,000
363 state streetStudio, 1 BathroomStudio,1BA$1,000

Best Value Apartments for Rent in Albany, NY

As of August 20, 2026 the best value apartment in the Albany area is the $0.72 price per square foot 74 N Allen St Model at 74 N Allen St, Unit 2 in the in the Melrose neighborhood starting from $1,800. The second greatest value Albany apartment is the 2 BD 2.5 BTH T HOUSE Model at Elm Estates starting at $2,150 with a $1.16 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.
74 N Allen St, Unit 274 N Allen St2BR,1BA$0.72
Elm Estates2 BD 2.5 BTH T HOUSE2BR,2.5BA$1.16
1057 Washington Ave, Unit First Floor1057 Washington Ave3BR,1BA$1.14
110 4th St, Unit 1110 4th St1BR,1BA$1.07
126 4th St, Unit 1126 4th St1BR,1BA$0.68
Block 75Ballston C4BR,4BA$0.81
211 Ontario St, Unit 1211 Ontario St4BR,1BA$0.48
74 13th St, Unit 174 13th St1BR,1BA$0.42
246 Delaware Ave, Unit 1 East246 Delaware Ave2BR,1BA$0.99
343 Congress St, Unit B343 Congress St1BR,1BA$1.15

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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Pet Friendly Lifestyle

Ranked #

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

Pet Friendliness Lifestyle Score

Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Albany, NY Rentals by Map

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See the most popular apartments and homes in Albany, NY

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Albany, NY Area Reviews

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Frequently Asked Questions about Albany

What type of rentals are currently available in Albany?

There are currently 1420 Apartments for Rent in Albany, NY with pricing that ranges from $500 to $18,250. There are also 218 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $900 to $4,800.

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 $900 to $4,800 with an average monthly rent of $1,893.

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 $999 to $3,968, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,245 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $575.

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

decorative image for The Best Neighborhoods for Renters While Attending College in Albany article

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.

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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.

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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.

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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.