2971 Hamburg St
SchenectadyNY12303
Cheap Homes for Rent in Albany, NY from $600 (24 Rentals)
Search the lowest-cost Homes available for rent right now in Albany.
36 Farm St
TroyNY12180
41 Christie St
TroyNY12180
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$7001 Bedroom Apartments Available Now
15 Summit Ave, Unit Floor 1
15 Summit AveAlbany, NY 12209
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$7751 Bedroom Apartments Available Now
15 Summit Ave, Unit FL2
15 Summit AveAlbany, NY 12209
705 Hudson Ave
AlbanyNY12203
366 New Scotland Ave
AlbanyNY12208
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$9501 Bedroom Apartments Available Now
306 State St
306 State StAlbany, NY 12210
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.
559 Myrtle Ave
AlbanyNY12208
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$1,0001 Bedroom Apartments Available Now
52 Clinton St, Unit 1
52 Clinton StAlbany, NY 12202
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$1,0001 Bedroom Apartments Available Jun 1
383 Clinton Ave, Unit 1
383 Clinton AveAlbany, NY 12206
16 2nd St
TroyNY12180
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$1,0501 Bedroom Apartments Available Now
204 Washington Ave
204 Washington AveAlbany, NY 12210
130 S Pearl St
AlbanyNY12202
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$1,0951 Bedroom Apartments Available Now
7 Balsam Ave, Unit 2F
7 Balsam AveTroy, NY 12180
421 NY-146
AltamontNY12009
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.
639 Pawling Ave
TroyNY12180
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$1,1001 Bedroom Apartments Available Now
19 Idlewild Park
19 Idlewild ParkWatervliet, NY 12189
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$1,1951 Bedroom Apartments Available Now
429 3rd St, Unit 3
429 3rd StTroy, NY 12180
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$1,1991 Bedroom Apartments Available Now
1886 Ave B
1886 Ave BWatervliet, NY 12189
99 Winthrop Ave
AlbanyNY12203
4-6 Sheridan Ave
AlbanyNY12207
516 4th St
TroyNY12180
65 Lark St, Unit 1, Unit 1
65 Lark St
AlbanyNY12210
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.
Showing Results 1-24, 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 | $1,742 | $1,050 | $2,500 |
| Albany 3 Bedroom Homes for Rent | $2,096 | $1,345 | $3,500 |
| Albany 4 Bedroom Homes for Rent | $2,392 | $695 | $5,500 |
| Albany 5 Bedroom Homes for Rent | $3,008 | $700 | $5,500 |
| Albany 6 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
| 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: 05/22/2026Current apartment rentals in the Albany, NY area range in price from $575 to $12,160 with an overall median price of $2,719. The three Albany neighborhoods with the lowest median rent pricing are Central State at $810, Hamilton Hill at $1,500, and Melrose at $948. 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 | $1,510 | $810 | 1 |
| Hamilton Hill | $1,600 | $1,500 | 2 |
| Melrose | $1,800 | $948 | 6 |
| Sheridan Hollow | $1,850 | $950 | 25 |
| Seward Place | $1,875 | $750 | 29 |
| Campus Area | $1,889 | $948 | 19 |
| Downtown Schenectady | $1,900 | $750 | 74 |
| Mt Pleasant | $1,900 | $750 | 52 |
| Outer Schenectady | $1,900 | $750 | 40 |
| Arbor Hill | $1,905 | $1,150 | 30 |
Cheapest Available Albany Apartments for Rent
The cheapest available apartment rental in Albany, NY is a Studio unit found at 142 Morton Ave in the Whitehall neighborhood priced from $800. Campus View Apartments in the Campus Area neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $948. Here is today’s list of the most affordable Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $800 |
| Campus View Apartments | Studio | Studio,1BA | $948 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
| 11 South Lake Ave | Large Studio | Studio,1BA | $1,050 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Albany, NY
As of May 22, 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 206 Ontario St Model at 206 Ontario St starting at $2,300 with a $0.99 price per square foot in the Whitehall 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 |
| 206 Ontario St | 206 Ontario St | 4BR,1BA | $0.99 |
| 160 River St, Unit 160 | 160 River St | 2BR,1BA | $1.03 |
| 10 Woolard Ave, Unit 2nd FL | 10 Woolard Ave | 2BR,1BA | $1.01 |
| 310 Western Ave, Unit Unit 2 | 310 Western Ave | 4BR,1BA | $0.59 |
| 126 4th St, Unit 1 | 126 4th St | 1BR,1BA | $0.58 |
| 159 River St, Unit 166B | 159 River St | Studio ,1BA | $1.06 |
| 110 Williams Street Aly, Unit RPI HOUSING 2 bed | 110 Williams Street Aly | 2BR,1BA | $1.08 |
| 182 River St, Unit 166 River St apt C | 182 River St | 2BR,1BA | $1.13 |
| 211 Ontario St, Unit 1 | 211 Ontario St | 4BR,1BA | $0.48 |
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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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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Frequently Asked Questions about Albany
What type of rentals are currently available in Albany?
There are currently 1373 Apartments for Rent in Albany, NY with pricing that ranges from $575 to $18,250. There are also 167 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 $2,301.
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 $989 to $12,160, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,345 to $3,500. 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
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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.