Cheap Apartments for Rent in the Mount Hope Neighborhood of Albany, NY from $500 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mount Hope area of Albany.

51 Elm St

91 Columbia St

31-33 N Pearl St

Willett Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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159 Lark St

361 State St

386 Madison Ave, Unit Garden Level

578 Madison Ave
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11 Myrtle Ave

5 Irving St

139 Madison Ave
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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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.
Mount Hope, Albany, NY Local Guide

How much does it cost to rent an apartment in Mount Hope?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mount Hope Studio Apartments | $1,378 | $925 | $1,980 |
| Mount Hope 1 Bedroom Apartments | $1,612 | $650 | $2,215 |
| Mount Hope 2 Bedroom Apartments | $1,973 | $1,050 | $4,250 |
| Mount Hope 3 Bedroom Apartments | $1,701 | $1,215 | $2,090 |
| Mount Hope 4 Bedroom Apartments | $1,870 | $1,500 | $2,160 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Mount Hope Neighborhood of Albany, NY.
See all Apartments in AlbanyExplore Albany
Mount Hope, Albany, NY Local Guide
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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. 256 state street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Mount Hope apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $850 |
| 256 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 252 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 44 James | 205 | Studio,1BA | $1,095 |
| @HudsonPark | 1BR/1.0BA | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Mount Hope, NY
As of November 22, 2025 the best value apartment in the Mount Hope area is the $1.05 price per square foot 1 Ten Broeck St Model at 1 Ten Broeck St, Unit Lower Level in the in the Arbor Hill neighborhood starting from $1,895. The second greatest value Mount Hope apartment is the 182 Washington Ave Model at 182 Washington Ave, Unit Third floor mansion apt. starting at $2,000 with a $1.21 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1 Ten Broeck St, Unit Lower Level | 1 Ten Broeck St | 3BR,2BA | $1.05 |
| 182 Washington Ave, Unit Third floor mansion apt. | 182 Washington Ave | 3BR,1BA | $1.21 |
| Hinckel Brewery Development LLC | 3BR/2.0BA | 3BR,2BA | $1.50 |
| 414 Broadway, Unit 201 | 414 Broadway | 1BR,1BA | $1.24 |
| 95 3rd Ave, Unit 1 | 95 3rd Ave | 3BR,1BA | $1.34 |
| The Eleftheria | Sia | 2BR,2BA | $1.57 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| The Lofts at 733 Broadway | Unit 204 | 1BR,1BA | $1.38 |
| The Reserve at Park South | 1BR/1.0BA | 1BR,1BA | $1.52 |
| 1452 Broadway, Unit 2nd floor | 1452 Broadway | 2BR,1BA | $1.40 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleQuick 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.
Pet Friendly LifestyleMount Hope, Albany, NY
Ranked #13
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $900 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 $1,400 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 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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.


















