Cheap Homes for Rent in Albany, NY from $600 (32 Rentals)

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

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.

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property at 130 S Pearl St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 1.5 Bath Townhome for Rent

Available Apr 15

130 S Pearl St

AlbanyNY12202

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.

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property at 66 13th St

$1,175 - $1,800

2 To 3 Bedroom Rentals

Available Now

66 13th St

TroyNY12180
property at 516 4th St

$1,200

1 Bedroom, 1 Bath Home for Rent

Available Now

516 4th St

TroyNY12180
property at 421 NY-146

$1,200 - $1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,800
Total Monthly Price
$1,200 - $1,800

1 To 3 Bedroom Homes for Rent

Available Now

421 NY-146

AltamontNY12009

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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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 May 1

162 River St, Unit SAGE APARTMENTS

162 River St
TroyNY12180
property at 188 Spring St

$1,300 - $1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,600
Total Monthly Price
$1,300 - $1,600

1 To 2 Bedroom Homes for Rent

Available Now

188 Spring St

AlbanyNY12203

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.

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Showing Results 1-32, Page 1 of 1

Albany, NY Local Guide

Cheapest Neighborhoods for Apartments in Albany, NY

Pricing Updated: 04/07/2026

Current apartment rentals in the Albany, NY area range in price from $575 to $8,928 with an overall median price of $2,636. The three Albany neighborhoods with the lowest median rent pricing are Campus Area at $968, Hamilton Hill at $1,250, and Central State at $810. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Albany Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Campus Area$1,395$96829
Hamilton Hill$1,550$1,2503
Central State$1,630$8104
Central Avenue$1,800$1,05048
Capitol Hill$1,812$1,00037
Downtown$1,847$1,000114
Downtown Schenectady$1,847$70077
Mt Pleasant$1,847$70053
Outer Schenectady$1,847$70050
Sheridan Hollow$1,895$1,00034

Cheapest Available Albany Apartments for Rent

 

The cheapest available apartment rental in Albany, NY is a 1 Bed unit found at The Valley Green priced from $725. 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 ListingModel NameBed/BathPriced From
The Valley GreenShared 2 Bed 1 Bath B1BR,1BA$725
142 Morton AveStudio, 1 BathroomStudio,1BA$850
Campus View ApartmentsStudioStudio,1BA$968
256 state streetStudio, 1 BathroomStudio,1BA$975
363 state streetStudio, 1 BathroomStudio,1BA$1,000

Best Value Apartments for Rent in Albany, NY

As of April 07, 2026 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 661 Watervliet Shaker Rd Model at 661 Watervliet Shaker Rd starting at $1,350 with a $0.75 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
661 Watervliet Shaker Rd661 Watervliet Shaker Rd1BR,1BA$0.75
10 Woolard Ave, Unit 2nd FL10 Woolard Ave2BR,1BA$1.01
459 Jay St, Unit 1459 Jay St2BR,1BA$0.96
310 Western Ave, Unit Unit 2310 Western Ave4BR,1BA$0.56
126 4th St, Unit 1126 4th St1BR,1BA$0.58
211 Ontario St, Unit 1211 Ontario St4BR,1BA$0.48
400 Washington Ave, Unit upstairs400 Washington Ave1BR,1BA$1.00
716 State St, Unit 716 State Street716 State St4BR,2BA$0.65
The Valley GreenShared 2 Bed 1 Bath A1BR,1BA$0.99

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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.

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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 1399 Apartments for Rent in Albany, NY with pricing that ranges from $575 to $11,244. There are also 174 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $695 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 $695 to $5,500 with an average monthly rent of $2,449.

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 $750 to $4,546, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,200. Four Bedroom Single-Family rentals are also available starting from $695 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 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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.