Cheap Apartments for Rent in the Mount Hope Neighborhood of Albany, NY from $500 (26 Rentals)

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

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.

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.

property at 51 Elm St

51 Elm St

AlbanyNY12202
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PM 63 2nd Ave.
1 Bedroom Apartments

PM 63 2nd Ave.

63 2nd AveAlbany, NY 12202
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325 State Street
Studio to 2 Bedroom Apartments

325 State Street

325 State StAlbany, NY 12210

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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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
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363 state street
Studio to 1 Bedroom Apartments

363 state street

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

256 state street

256 State StAlbany, NY 12210
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357-363 Morris St
1 to 2 Bedroom Apartments

357-363 Morris St

357-363 Morris StAlbany, NY 12208
  • Utilities Included

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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69 Trinity Place
1 to 2 Bedroom Apartments

69 Trinity Place

69 Trinity PlzAlbany, NY 12202
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409 State St
1 Bedroom Apartments

409 State St

409 State StAlbany, NY 12210
  • Utilities Included

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 $850. 252 state street has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Mount Hope apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
142 Morton AveStudio, 1 BathroomStudio,1BA$850
252 state streetStudio, 1 BathroomStudio,1BA$900
338 Hudson streetStudio, 1 BathroomStudio,1BA$950
Park Row and New Scotland Gardens ApartmentsPark Row 1 Bedroom1BR,1BA$1,112
The AmsdellStyle AStudio,1BA$1,130
100 Chestnut StStudio, 1 bathStudio,1BA$1,200
ArtHouse ApartmentsStudioStudio,1BA$1,250
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,255
Brafferton Square Apartments1 Bed/1 Bath1BR,1BA$1,270

Best Value Apartments for Rent in Mount Hope, NY

As of June 17, 2025 the best value apartment in the Mount Hope area is the $0.84 price per square foot The James Model at 44 James in the in the Melrose neighborhood starting from $1,895. 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.
44 JamesThe James2BR,1BA$0.84
327 Hudson Ave, Unit Apartment #1327 Hudson Ave2BR,2.5BA$1.13
368 Broadway, Unit 2368 Broadway2BR,2.5BA$1.29
Hinckel Brewery Development LLC1BR/1.0BA1BR,1BA$1.43
The EleftheriaSia2BR,2BA$1.48
412 Broadway33/341BR,1.5BA$1.31
Woodhill ApartmentsLansing2BR,1.5BA$1.57
99 Pine Street1BR/1.0BA1BR,1BA$1.42
49 Broadway, Unit floor 249 Broadway1BR,1BA$1.53
584 Madison Ave, Unit 1584 Madison Ave1BR,1BA$1.50

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Mount Hope, Albany, NY

Ranked #23

Among neighborhoods in Albany, NY 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!

Getting Around the Mount Hope Neighborhood in Albany, NY

Walk Score®

25 / 100

Car-Dependent

Most errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

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 $850.

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

The lowest price for a Cheap One Bedroom Mount Hope Apartment is $991 at 142 Morton Ave.

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 $1,438 at Park Row and New Scotland Gardens Apartments.

What is the most affordable Mount Hope Three Bedroom Apartment?

The best deal on a cheap Mount Hope Three Bedroom Apartment rental is at Brafferton Square Apartments and starts from $1,895.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.