320 Quail St, Unit #1
320 Quail St
AlbanyNY12208
Cheap Homes for Rent in Albany, NY from $700 (35 Rentals)
Search the lowest-cost Homes available for rent right now in Albany.
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$900Studio Apartments Available Now
204 Washington Ave
204 Washington AveAlbany, NY 12210
559 Myrtle Ave
AlbanyNY12208
16 2nd St
TroyNY12180
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$1,1001 Bedroom Apartments Available Now
19 Idlewild Park
19 Idlewild ParkWatervliet, NY 12189
44 Quail St, Unit 2
44 Quail St
AlbanyNY12206
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$1,1751 Bedroom Apartments Available Aug 1
61 Vanderburgh Ave, Unit 2
61 Vanderburgh AveTroy, NY 12180
395 Livingston Ave
AlbanyNY12206
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.
120 Hamilton St
AlbanyNY12207
109 Ida St, Unit 109 - 2
109 Ida St
TroyNY12180
516 4th St
TroyNY12180
96 Grand St
AlbanyNY12202
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$1,2501 Bedroom Apartments Available Jul 15
450 Hamilton St, Unit 1
450 Hamilton StAlbany, NY 12203
50 Manning Blvd
AlbanyNY12203
56 Thompson St
TroyNY12180
623 4th St
TroyNY12180
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.
21 Elk St
AlbanyNY12207
162 River St, Unit SAGE APARTMENTS
162 River St
TroyNY12180
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$1,3002 Bedroom Apartments Available Now
19 Idlewild Park, Unit 7
19 Idlewild ParkWatervliet, NY 12189
69 Alexander St
AlbanyNY12202
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$1,3001 Bedroom Apartments Available Now
3736 Carman Rd, Unit #3
3736 Carman RdSchenectady, NY 12303
11 Osborne St
AlbanyNY12202
649 4th St
TroyNY12180
114 Ida St
TroyNY12180
Cash 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.
221 Lancaster St
AlbanyNY12210
32 Russell Rd
AlbanyNY12203
3 Cypress St
TroyNY12180
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$1,3501 Bedroom Apartments Available Now
190 Spring St
190 Spring StAlbany, NY 12203
166 Morton Ave
AlbanyNY12202
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$1,3752 Bedroom Apartments Available Aug 1
1440 1st Ave
1440 1st AveWatervliet, NY 12189
845 New Scotland Ave
AlbanyNY12208
504 Morris St
AlbanyNY12208
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.
594 Madison Ave
AlbanyNY12208
10 Richmond St
AlbanyNY12205
1777 Western Ave
AlbanyNY12203
Showing Results 1-35, 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 | $1,892 | $1,100 | $3,500 |
| Albany 3 Bedroom Homes for Rent | $2,033 | $1,325 | $3,750 |
| Albany 4 Bedroom Homes for Rent | $2,424 | $1,450 | $5,500 |
| Albany 5 Bedroom Homes for Rent | $1,908 | $700 | $3,025 |
| Albany 6 Bedroom Homes for Rent | $2,795 | $2,795 | $2,795 |
| Albany 7 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Albany
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Albany, NY Local Guide
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Cheapest Neighborhoods for Apartments in Albany, NY
Pricing Updated: 07/06/2026Current apartment rentals in the Albany, NY area range in price from $700 to $5,500 with an overall median price of $2,655. The three Albany neighborhoods with the lowest median rent pricing are Park South at $700, Arbor Hill at $1,295, and Hamilton Hill at $1,795. 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 |
|---|---|---|---|
| Park South | $1,400 | $700 | 3 |
| Arbor Hill | $1,450 | $1,295 | 5 |
| Hamilton Hill | $1,795 | $1,795 | 1 |
| Seward Place | $1,795 | $1,795 | 1 |
| South End | $1,822 | $1,300 | 8 |
| Capitol Hill | $1,895 | $1,200 | 9 |
| Central Avenue | $1,895 | $1,295 | 10 |
| Sheridan Hollow | $1,895 | $1,295 | 8 |
| Downtown | $1,920 | $1,195 | 22 |
| Center Square | $1,994 | $1,300 | 9 |
Cheapest Available Albany Apartments for Rent
The cheapest available apartment rental in Albany, NY is a Studio unit found at 1395 Hudson in the Campus Area neighborhood priced from $685. 449 State St in the Whitehall neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1395 Hudson | Studio G | Studio,1BA | $685 |
| 449 State St | 0 Beds, 1 Baths | Studio,1BA | $895 |
| Campus View Apartments | Studio | Studio,1BA | $948 |
| 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 Albany, NY
As of July 06, 2026 the best value apartment in the Albany area is the $0.17 price per square foot 2nd Floor Model at 370-372 Morris St in the in the Whitehall neighborhood starting from $1,725. The second greatest value Albany apartment is the 31 Sheridan Ave Model at 31 Sheridan Ave, Unit 31 Sheridan Ave #2 starting at $1,590 with a $0.72 price per square foot in the Troy 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. |
|---|---|---|---|
| 370-372 Morris St | 2nd Floor | 3BR,1BA | $0.17 |
| 31 Sheridan Ave, Unit 31 Sheridan Ave #2 | 31 Sheridan Ave | 3BR,1BA | $0.72 |
| 305 Jackson St | 305 Jackson St | 3BR,1BA | $0.81 |
| 160 River St, Unit 160 | 160 River St | 2BR,1BA | $1.03 |
| 178 Western Ave, Unit 2 | 178 Western Ave | 3BR,1BA | $0.43 |
| 522 2nd St, Unit 522 2nd St | 522 2nd St | 3BR,1BA | $0.93 |
| 459 Jay St, Unit 1 | 459 Jay St | 2BR,1BA | $0.96 |
| 126 4th St, Unit 1 | 126 4th St | 1BR,1BA | $0.58 |
| 211 Ontario St, Unit 1 | 211 Ontario St | 4BR,1BA | $0.48 |
| 246 Delaware Ave, Unit 1 East | 246 Delaware Ave | 2BR,1BA | $0.99 |
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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Frequently Asked Questions about Albany
What type of rentals are currently available in Albany?
There are currently 1409 Apartments for Rent in Albany, NY with pricing that ranges from $575 to $18,250. There are also 191 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $700 to $5,500.
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 $700 to $5,500 with an average monthly rent of $2,145.
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 $4,198, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,325 to $3,750. Four Bedroom Single-Family rentals are also available starting from $1,450 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
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.