Cheap Apartments for Rent in the Krank Park Cherry Hill Neighborhood of Albany, NY from $500 (91 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Krank Park Cherry Hill area of Albany.

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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21 Myrtle Ave
$1,220 - $1,265
Total Monthly Price

Total Monthly Price

Base Rent
$1,220 - $1,265
Total Monthly Price
$1,220 - $1,265
2 Bedroom Apartment Available Now

21 Myrtle Ave

21 Myrtle AveAlbany, NY 12202
Affordability

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 568 Park Ave

$1,325

1 Bedroom Rentals

Available Now

568 Park Ave

AlbanyNY12208

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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property at 140 Hamilton St

$1,350 - $1,500

1 To 2 Bedroom Rentals

Available Now

140 Hamilton St

AlbanyNY12207

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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45 Elm St, Unit #B
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400
1 Bedroom Apartment Available Jul 1

45 Elm St, Unit #B

45 Elm StAlbany, NY 12202
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63 2nd Ave
1 Bedroom Apartments

63 2nd Ave

63 2nd AveAlbany, NY 12202
Student Housing
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449 State St
Studio to 2 Bedroom Apartments

449 State St

449 State StAlbany, NY 12203
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336 Hudson street
Studio to 2 Bedroom Apartments

336 Hudson street

336 Hudson AveAlbany, NY 12210

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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Krank Park Cherry Hill, Albany, NY Local Guide

Cheapest Available Krank Park Cherry Hill Apartments for Rent

 

The cheapest available apartment rental in the Krank Park Cherry Hill area of Albany, NY is a Studio unit found at 449 State St priced from $895. 256 state street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Krank Park Cherry Hill apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
449 State St0 Beds, 1 BathsStudio,1BA$895
256 state street1 Bedroom, 1 Bathroom1BR,1BA$950
363 state streetStudio, 1 BathroomStudio,1BA$1,000
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
Downtown Student Housing2 Bedroom2BR,2BA$1,100
287 State St285/2RStudio,1BA$1,110
The Kennedy403Studio,1BA$1,185

Best Value Apartments for Rent in Krank Park Cherry Hill, NY

As of June 30, 2026 the best value apartment in the Krank Park Cherry Hill 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 Krank Park Cherry Hill apartment is the 475 Hamilton St Model at 475 Hamilton St starting at $2,200 with a $1.10 price per square foot in the Whitehall neighborhood. Here is today’s list of the best values for Krank Park Cherry Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
370-372 Morris St2nd Floor3BR,1BA$0.17
475 Hamilton St475 Hamilton St4BR,1BA$1.10
178 Western Ave, Unit 3178 Western Ave3BR,1BA$1.13
459 Jay St, Unit 1459 Jay St2BR,1BA$0.96
385 Orange St385 Orange St4BR,1BA$1.11
440 New Scotland Ave, Unit 2FL-NSA440 New Scotland Ave2BR,1.5BA$1.30
211 Ontario St, Unit 1211 Ontario St4BR,1BA$0.48
Downtown Student Housing3 Bedroom3BR,2BA$1.33
246 Delaware Ave, Unit 1 East246 Delaware Ave2BR,1BA$0.99
713 State St, Unit BASEMENT UNIT713 State St1BR,1BA$1.31

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
Krank Park Cherry Hill, Albany, NY

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you Lifestyle Ratings of neighborhoods, cities, and rental properties across New York, including Albany. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Krank Park Cherry Hill Apartments

What is a cheap apartment in Krank Park Cherry Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Krank Park Cherry Hill is under $1,185.

What is the price of a cheap apartment in Krank Park Cherry Hill?

The cheapest apartment in Krank Park Cherry Hill is 256 state street which is listed at $950, while the average apartment in Krank Park Cherry Hill costs $3,060.

What types of apartments are the cheapest in Krank Park Cherry Hill?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Krank Park Cherry Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Krank Park Cherry Hill?

Cheap apartments in Krank Park Cherry Hill have an average cost of $683 which is $2,377 cheaper than the average rent for all rentals in Krank Park Cherry Hill.

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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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.

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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.

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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.