Cheap Apartments for Rent in the Mount Hope Neighborhood of Albany, NY from $500 (72 Rentals)

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

property at 130 S Pearl St

$990

Total Monthly Price

Total Monthly Price

Base Rent
$990
Total Monthly Price
$990

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

130 S Pearl St

AlbanyNY12202

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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property at 127 Dove St

$1,150 - $1,600

1 To 2 Bedroom Rentals

Available Now

127 Dove St

AlbanyNY12202
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440 New Scotland Ave
$1,225 - $1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $1,695
Total Monthly Price
$1,225 - $1,695
2 Bedroom Apartment Available Now

440 New Scotland Ave

440 New Scotland AveAlbany, NY 12208
Cost Per Sq.Ft.
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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 37 Maiden Ln

$1,250 - $1,515

1 To 2 Bedroom Rentals

Available Now

37 Maiden Ln

AlbanyNY12207

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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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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63 2nd Ave
1 Bedroom Apartments

63 2nd Ave

63 2nd AveAlbany, NY 12202
Student Housing
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142 Morton Ave
Studio to 1 Bedroom Apartments

142 Morton Ave

142 Morton AveAlbany, NY 12202
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336 Hudson street
Studio to 2 Bedroom Apartments

336 Hudson street

336 Hudson AveAlbany, NY 12210
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256 state street
Studio to 3 Bedroom Apartments

256 state street

256 State StAlbany, NY 12210
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363 state street
Studio to 1 Bedroom Apartments

363 state street

363 State StAlbany, NY 12210
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252 state street
Studio to 2 Bedroom Apartments

252 state street

252 State StAlbany, NY 12210

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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Showing Results 1-50, Page 1 of 2

Mount Hope, Albany, NY Local Guide

Cheapest Available Mount Hope Apartments for Rent

 

The cheapest available apartment rental in the Mount Hope area of Albany, NY is a Studio unit found at 142 Morton Ave priced from $800. 256 state street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Mount Hope apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
142 Morton AveStudio, 1 BathroomStudio,1BA$800
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
287 State St285/2RStudio,1BA$1,150
69 Trinity PlaceSpacious Studio Minutes from Times Union, Alban...Studio,1BA$1,195
Park Row and New Scotland Gardens ApartmentsNew Scotland Large 1 Bedroom1BR,1BA$1,231

Best Value Apartments for Rent in Mount Hope, NY

As of June 01, 2026 the best value apartment in the Mount Hope 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 Mount Hope apartment is the 327 Hudson Ave Model at 327 Hudson Ave, Unit Apartment #1 starting at $2,150 with a $1.13 price per square foot in the Whitehall neighborhood. Here is today’s list of the best values for Mount Hope apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
370-372 Morris St2nd Floor3BR,1BA$0.17
327 Hudson Ave, Unit Apartment #1327 Hudson Ave2BR,2.5BA$1.13
374 Morris St, Unit 2ND FLOOR 5 BEDROOM374 Morris St5BR,1BA$1.56
35 Clinton Ave, Unit UpperFloors/2Bedroom35 Clinton Ave2BR,2.5BA$1.55
The Monroe Apartments2BR/2.0BA2BR,2BA$1.52
840 2nd St, Unit Floor 1840 2nd St2BR,1BA$1.38
440 New Scotland Ave440 New Scotland Ave2BR,1.5BA$1.30
246 Delaware Ave, Unit 1 East246 Delaware Ave2BR,1BA$0.99
Hinckel Brewery Development LLC1BR/1.0BA1BR,1BA$1.44
254 Sheridan Ave, Unit 2254 Sheridan Ave3BR,1BA$1.37

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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Pet Friendly Lifestyle
Mount Hope, Albany, NY

Ranked #4

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 brings you Lifestyle Ratings of neighborhoods, areas, and rental properties across New York and customized analysis for Central Albany. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best outdoor access, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Mount Hope Apartments

What is the Cheapest Studio apartment in Mount Hope?

Currently the most affordable Cheap Studio Apartment in Mount Hope is at 142 Morton Ave listed at $800.

How much is rent for a Cheap One Bedroom Mount Hope Apartment?

The lowest price for a Cheap One Bedroom Mount Hope Apartment is $950 at 256 state street.

What is the lowest price for a Cheap Two Bedroom Mount Hope Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mount Hope is starting from $1,400 at 357 Morris St.

What is the most affordable Mount Hope Three Bedroom Apartment?

The best deal on a cheap Mount Hope Three Bedroom Apartment rental is at 370-372 Morris St and starts from $1,725.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.

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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.