
Cheap Homes for Rent in New Scotland Neighborhood of Albany, NY from $700 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the New Scotland area of Albany.


4 Peyster St
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.

640 Myrtle Ave

501 Morris St
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.
New Scotland, Albany, NY Local Guide

How much does it cost to rent a home in New Scotland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Scotland 2 Bedroom Homes for Rent | $1,665 | $1,500 | $1,795 |
| New Scotland 3 Bedroom Homes for Rent | $2,150 | $1,600 | $2,700 |
| New Scotland 4 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the New Scotland Neighborhood of Albany, NY.
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New Scotland, Albany, NY Local Guide
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Best Value Apartments for Rent in New Scotland, NY
As of April 16, 2026 the best value apartment in the New Scotland area is the $2.04 price per square foot 522 Morris St Model at 522 Morris St in the in the Whitehall neighborhood starting from $3,780. The second greatest value New Scotland 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 New Scotland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 522 Morris St | 522 Morris St | 6BR,2BA | $2.04 |
| 4 Harris Ave, Unit Floor 1 | 4 Harris Ave | 3BR,1BA | $1.19 |
| 6 W Erie St, Unit 6 w erie st, Albany, NY, 12208 | 6 W Erie St | 4BR,1BA | $1.31 |
| 624 Providence St, Unit 2 | 624 Providence St | 2BR,1BA | $1.24 |
| 906 Park Ave, Unit 1ST FLOOR 4 BEDROOM | 906 Park Ave | 4BR,1BA | $1.67 |
| 807 Myrtle Ave | 807 Myrtle Ave | 4BR,1BA | $1.67 |
| The Eleftheria | Sia | 2BR,2BA | $1.75 |
| 199 South Allen Apartments | 2 BD / 2 BA | 2BR,2BA | $1.48 |
| The Rise Midtown Square | 1 BR A | 1BR,1BA | $2.30 |
| Park Row and New Scotland Gardens Apartments | Park Row 1 Bedroom | 1BR,1BA | $2.48 |
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.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 LifestyleNew Scotland, Albany, NY
Ranked #33
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about New Scotland
What type of rentals are currently available in New Scotland?
There are currently 79 Apartments for Rent in New Scotland, NY with pricing that ranges from $1,000 to $4,780. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Scotland ranging from $700 to $2,800.
What is the current price range for Rental Homes in New Scotland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in New Scotland ranges from $700 to $2,800 with an average monthly rent of $1,868.
How much are larger Three and Four Bedroom Rentals in New Scotland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in New Scotland range from $1,395 to $1,980, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $1,600.
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

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.

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.

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.

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.