Cheap Apartments for Rent in the Mansion Area Albany, NY from $500 (72 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Mansion Area area of Albany.

property at 559 Myrtle Ave

$650 - $975

2 To 4 Bedroom Rentals

Available Now

559 Myrtle Ave

AlbanyNY12208
property at 91 Columbia St

$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

91 Columbia St

AlbanyNY12210
property at 51 Elm St

$1,000

1 Bedroom Rentals

Available Now

51 Elm St

AlbanyNY12202

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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95 Winthrop Ave, Unit Basement
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
2 Bedroom Apartment Available Now

95 Winthrop Ave, Unit Basement

95 Winthrop AveAlbany, NY 12203
Cost Per Sq.Ft.
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83 Columbia St
$1,125 - $1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,250
Total Monthly Price
$1,125 - $1,250
1 Bedroom Apartment Available Now

83 Columbia St

83 Columbia StAlbany, NY 12210
Affordability
  • Smoke Free

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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651 Myrtle Ave, Unit 1
$1,195
Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195
2 Bedroom Apartment Available Jun 1

651 Myrtle Ave, Unit 1

651 Myrtle AveAlbany, NY 12208
Affordability
  • Smoke Free
property at 1 Manning Blvd

$1,195 - $2,600

Studio To 4 Bedroom Rentals

Available Now

1 Manning Blvd

AlbanyNY12203

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 285.5 Hudson Ave

$1,250 - $1,950

1 To 2 Bedroom Rentals

Available Now

285.5 Hudson Ave

AlbanyNY12210
property at 154 Spring St

$1,300 - $1,750

2 To 3 Bedroom Rentals

Available Now

154 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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PM 63 2nd Ave.
1 Bedroom Apartments

PM 63 2nd Ave.

63 2nd AveAlbany, NY 12202
Student Housing
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252 state street
Studio to 2 Bedroom Apartments

252 state street

252 State StAlbany, NY 12210
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Capitol Green
Studio to 2 Bedroom Apartments

Capitol Green

400 Central AveAlbany, NY 12206
  • Utilities Included
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336 Hudson street
Studio to 2 Bedroom Apartments

336 Hudson street

336 Hudson AveAlbany, NY 12210
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142 Morton Ave
Studio to 1 Bedroom Apartments

142 Morton Ave

142 Morton AveAlbany, NY 12202

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.

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Mansion Area, Albany, NY Local Guide

Cheapest Available Mansion Area Apartments for Rent

 

The cheapest available apartment rental in the Mansion Area area of Albany, NY is a Studio unit found at 252 state street priced from $850. Capitol Green has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Mansion Area apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
252 state streetStudio, 1 BathroomStudio,1BA$850
Capitol GreenStudioStudio,1BA$875
256 state streetStudio, 1 BathroomStudio,1BA$975
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
Downtown Student Housing2 Bedroom2BR,2BA$1,100
69 Trinity PlaceSpacious Studio Minutes from Times Union, Alban...Studio,1BA$1,195
Swinburne Common1 Bedroom1BR,1BA$1,205
@HudsonPark1BR/1.0BA1BR,1BA$1,225

Best Value Apartments for Rent in Mansion Area, NY

As of March 02, 2026 the best value apartment in the Mansion Area area is the $1.32 price per square foot House Model at 25 Besch Ave in the in the Whitehall neighborhood starting from $3,700. The second greatest value Mansion Area apartment is the 270 Livingston Ave Model at 270 Livingston Ave, Unit #1 starting at $1,490 with a $1.06 price per square foot in the Arbor Hill neighborhood. Here is today’s list of the best values for Mansion Area apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
25 Besch AveHouse6BR,3.5BA$1.32
270 Livingston Ave, Unit #1270 Livingston Ave4BR,1BA$1.06
799 Park Ave, Unit 2 Bedrooms + Utilities799 Park Ave2BR,1BA$1.27
310 Western Ave, Unit Unit 2310 Western Ave4BR,1BA$0.56
211 Ontario St, Unit 1211 Ontario St4BR,1BA$0.48
533 Washington Ave, Unit 2533 Washington Ave3BR,1BA$1.32
412 Broadway33/341BR,1.5BA$1.31
14 Bohl Ave, Unit 114 Bohl Ave2BR,1BA$1.23
253 Park Ave, Unit Beautiful 1 BR Apartment253 Park Ave1BR,1BA$1.20
95 Winthrop Ave, Unit Basement95 Winthrop Ave2BR,1BA$1.22

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
Mansion Area, 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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Best Local Schools in
Mansion Area, Albany, NY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across New York including Mansion Area, Albany, and the greater Albany area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Mansion Area Apartments

What is a cheap apartment in Mansion Area?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mansion Area is under $1,225.

What is the price of a cheap apartment in Mansion Area?

The cheapest apartment in Mansion Area is 71 chestnut street which is listed at $1,050, while the average apartment in Mansion Area costs $3,585.

What types of apartments are the cheapest in Mansion Area?

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 7 regular apartments in Mansion Area 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 Mansion Area?

Cheap apartments in Mansion Area have an average cost of $348 which is $3,237 cheaper than the average rent for all rentals in Mansion Area.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.