Cheap Apartments for Rent in the Mount Hope Neighborhood of Albany, NY from $500 (52 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

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

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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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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63 2nd Ave
1 Bedroom Apartments

63 2nd Ave

63 2nd AveAlbany, NY 12202
Student Housing

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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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
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409 State St
1 Bedroom Apartments

409 State St

409 State StAlbany, NY 12210
  • Utilities Included
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The Amsdell
Studio Apartments

The Amsdell

175 Jay StAlbany, NY 12210
Corporate Housing
  • Utilities Included

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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69 Trinity Place
Studio to 2 Bedroom Apartments

69 Trinity Place

69 Trinity PlAlbany, NY 12202
Student Housing
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309 State St
1 Bedroom Apartments

309 State St

309 State StAlbany, NY 12210
Corporate Housing
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338 Hudson street
Studio to 2 Bedroom Apartments

338 Hudson street

338 Hudson AveAlbany, 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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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 Studio apartment currently listed from $975. 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 streetStudio, 1 BathroomStudio,1BA$975
363 state streetStudio, 1 BathroomStudio,1BA$1,000
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
357-363 Morris StOne Bed One Bath1BR,1BA$1,175
69 Trinity PlaceSpacious Studio Minutes from Times Union, Alban...Studio,1BA$1,195
762-764 Madison Ave762 Madison Ave1BR,1BA$1,225

Best Value Apartments for Rent in Mount Hope, NY

As of April 16, 2026 the best value apartment in the Mount Hope area is the $1.36 price per square foot House Model at 25 Besch Ave in the in the Whitehall neighborhood starting from $3,800. The second greatest value Mount Hope apartment is the 4 Harris Ave Model at 4 Harris Ave, Unit Floor 1 starting at $1,900 with a $1.19 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.
25 Besch AveHouse4BR,4BA$1.36
4 Harris Ave, Unit Floor 14 Harris Ave3BR,1BA$1.19
372 Morris St, Unit 372 Morris372 Morris St3BR,1BA$1.11
6 W Erie St, Unit 6 w erie st, Albany, NY, 122086 W Erie St4BR,1BA$1.31
287 State StUnit 3F2BR,1BA$1.16
624 Providence St, Unit 2624 Providence St2BR,1BA$1.24
Hinckel Brewery Development LLC2BR/1.0BA2BR,1BA$1.38
The Lofts at 733 BroadwayUnit 2041BR,1BA$1.38
69 Trinity Place1BR/1.5BA1BR,1.5BA$1.37
377 Hudson Ave, Unit 377 Hudson Avenue - 2nd F377 Hudson Ave2BR,1BA$1.41

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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
Mount Hope, Albany, NY

Ranked #5

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 $1,050 at 71 chestnut 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 357-363 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 Willett Apartments and starts from $1,975.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.