Cheap Apartments for Rent in the Mount Hope Neighborhood of Albany, NY from $500 (79 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

Albany's Best Affordable Neighborhoods

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560 Park Ave, Unit 560-1
$1,250
Total Monthly Price

Total Monthly Price

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

560 Park Ave, Unit 560-1

560 Park AveAlbany, NY 12208
Cost Per Sq.Ft.

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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property at 568 Park Ave

$1,295

1 Bedroom Rentals

Available Now

568 Park Ave

AlbanyNY12208
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63 2nd Ave
1 Bedroom Apartments

63 2nd Ave

63 2nd AveAlbany, NY 12202
Student Housing

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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
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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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142 Morton Ave
Studio to 1 Bedroom Apartments

142 Morton Ave

142 Morton AveAlbany, NY 12202
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409 State St
1 Bedroom Apartments

409 State St

409 State StAlbany, NY 12210
  • Utilities Included

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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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 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 Mount Hope 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
287 State St280/1Studio,1BA$1,025
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
The Kennedy403Studio,1BA$1,185
69 Trinity PlaceSpacious Studio Minutes from Times Union, Alban...Studio,1BA$1,195
441 State StStudioStudio,1BA$1,200

Best Value Apartments for Rent in Mount Hope, NY

As of July 21, 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 35 Clinton Ave Model at 35 Clinton Ave, Unit UpperFloors/2Bedroom starting at $2,250 with a $1.55 price per square foot in the Arbor Hill 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
35 Clinton Ave, Unit UpperFloors/2Bedroom35 Clinton Ave2BR,2.5BA$1.55
Hinckel Brewery Development LLC3BR/2.0BA3BR,2BA$1.43
556 Park Ave, Unit 2556 Park Ave4BR,1BA$1.60
840 2nd St, Unit Floor 1840 2nd St2BR,1BA$1.38
The Reserve at Park South1BR/1.0BA1BR,1BA$1.71
246 Delaware Ave, Unit 1 East246 Delaware Ave2BR,1BA$0.99
22 Neptune St, Unit Unit 122 Neptune St2BR,1BA$1.50
560 Park Ave, Unit 560-1560 Park Ave1BR,1BA$1.47
40 Central Ave, Unit 2 Fifth Floor40 Central Ave1BR,1BA$1.69

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 #2

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 a cheap apartment in Mount Hope?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mount Hope is under $1,200.

What is the price of a cheap apartment in Mount Hope?

The cheapest apartment in Mount Hope is 256 state street which is listed at $950, while the average apartment in Mount Hope costs $6,332.

What types of apartments are the cheapest in Mount Hope?

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 5 regular apartments in Mount Hope 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 Mount Hope?

Cheap apartments in Mount Hope have an average cost of $107 which is $6,225 cheaper than the average rent for all rentals in Mount Hope.

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

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