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Cheap Homes for Rent in Albany, NY from $700 (46 Rentals)
Search the lowest-cost Homes available for rent right now in Albany.
36 Farm St
TroyNY12180
705 Hudson Ave
AlbanyNY12203
366 New Scotland Ave
AlbanyNY12208
450 Hamilton St
AlbanyNY12203
146 Clinton St
AlbanyNY12202
40 Frost Pl
AlbanyNY12205
233 Stow Ave
TroyNY12180
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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.
130 S Pearl St
AlbanyNY12202
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3 Ashland Pl
TroyNY12180
566 Park Ave
AlbanyNY12208
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33 Elm St
AlbanyNY12202
8 Stow Ave
TroyNY12180
18 Second Ave
AlbanyNY12202
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
516 4th St
TroyNY12180
58 Mann Ave
TroyNY12180
1739 4th St
RensselaerNY12144
539 Congress St
TroyNY12180
66 13th St
TroyNY12180
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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49 13th St, Unit 1
49 13th St
TroyNY12180
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162 River St, Unit SAGE APARTMENTS
162 River St
TroyNY12180
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189 Second Ave
AlbanyNY12202
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
94 Dana Ave
AlbanyNY12208
13 Western Ave
AlbanyNY12203
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300 Morton Ave
AlbanyNY12209
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118 Philip St, Unit Apt #1
118 Philip St
AlbanyNY12202
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1813 3rd Ave
WatervlietNY12189
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
380 Orange St
AlbanyNY12206
Showing Results 1-46, Page 1 of 1
Albany, NY Local Guide
How much does it cost to rent a home in Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albany 2 Bedroom Homes for Rent | $1,993 | $1,050 | $3,600 |
| Albany 3 Bedroom Homes for Rent | $2,021 | $1,200 | $3,200 |
| Albany 4 Bedroom Homes for Rent | $2,619 | $725 | $4,700 |
| Albany 5 Bedroom Homes for Rent | $2,667 | $2,195 | $3,025 |
| Albany 6 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
| Albany 7 Bedroom Homes for Rent | $3,750 | $3,500 | $4,000 |
Browse Top Homes for Rent in Albany
Explore Albany
Albany, NY Local Guide
- Albany Neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Neighborhoods for Apartments in Albany, NY
Pricing Updated: 12/25/2025Current apartment rentals in the Albany, NY area range in price from $650 to $4,580 with an overall median price of $2,538. The three Albany neighborhoods with the lowest median rent pricing are Central State at $810, Hamilton Hill at $1,000, and Center Square at $1,015. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albany Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Central State | $1,625 | $810 | 2 |
| Hamilton Hill | $1,700 | $1,000 | 2 |
| Center Square | $1,800 | $1,015 | 21 |
| Central Avenue | $1,800 | $650 | 39 |
| Sheridan Hollow | $1,800 | $1,000 | 30 |
| Beverwyck | $1,850 | $800 | 34 |
| Arbor Hill | $1,950 | $1,000 | 34 |
| Capitol Hill | $1,950 | $1,015 | 39 |
| Downtown | $1,950 | $995 | 79 |
| Downtown Albany Historic District | $1,950 | $995 | 43 |
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 Campus Area 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 $850. Here is today’s list of the most affordable Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colvin Avenue Commons | 2BR | 2BR,1BA | $733 |
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $850 |
| Capitol Green | Studio | Studio,1BA | $875 |
| Campus View Apartments | Studio | Studio,1BA | $968 |
| @HudsonPark | 0BR/1.0BA | Studio,1BA | $1,050 |
| 256 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Albany, NY
As of December 25, 2025 the best value apartment in the Albany area is the $1.11 price per square foot 372 Morris St Model at 372 Morris St, Unit 372 Morris in the in the Whitehall neighborhood starting from $1,695. The second greatest value Albany apartment is the 1665 Central Ave Model at 1665 Central Ave, Unit 2nd Floor starting at $1,700 with a $1.13 price per square foot in the Dunes neighborhood. Here is today’s list of the best values for Albany apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 372 Morris St, Unit 372 Morris | 372 Morris St | 3BR,1BA | $1.11 |
| 1665 Central Ave, Unit 2nd Floor | 1665 Central Ave | 2BR,2BA | $1.13 |
| 160 River St, Unit 160 | 160 River St | 2BR,1BA | $1.03 |
| 534 Hamilton St, Unit 2 | 534 Hamilton St | 1BR,1BA | $0.73 |
| 126 4th St, Unit 1 | 126 4th St | 1BR,1BA | $0.58 |
| 159 River St, Unit 166B | 159 River St | Studio ,1BA | $1.06 |
| 182 River St, Unit 166 River St apt C | 182 River St | 2BR,1BA | $1.08 |
| 184 River St, Unit 184 River Street | 184 River St | 1BR,1BA | $1.18 |
| 164 River St, Unit 1 | 164 River St | 2BR,1BA | $1.18 |
| 44 W Van Vechten St, Unit 1 | 44 W Van Vechten St | 1BR,1BA | $1.11 |
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
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 1378 Apartments for Rent in Albany, NY with pricing that ranges from $600 to $4,580. There are also 200 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $725 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 $725 to $4,700 with an average monthly rent of $2,410.
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 $3,460, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,200. Four Bedroom Single-Family rentals are also available starting from $725 and Four Bedroom Apartments start at $600.
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.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.