Cheap Apartments for Rent in the Second Avenue Neighborhood of Albany, NY from $500 (62 Rentals)

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

property at 91 Columbia St

$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

91 Columbia St

AlbanyNY12210
property at 51 Elm St

$1,000

1 Bedroom Rentals

Available Now

51 Elm St

AlbanyNY12202
property at 578 Madison Ave

$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

578 Madison Ave

AlbanyNY12208

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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83 Columbia St
$1,125 - $1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,125 - $1,250
Total Monthly Price
$1,125 - $1,250
1 Bedroom Apartment Available Mar 1

83 Columbia St

83 Columbia StAlbany, NY 12210
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651 Myrtle Ave, Unit 1
$1,195
Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195
2 Bedroom Apartment Available Jun 1

651 Myrtle Ave, Unit 1

651 Myrtle AveAlbany, NY 12208
Affordability
  • Smoke Free

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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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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property at 285.5 Hudson Ave

$1,250 - $2,050

1 To 2 Bedroom Rentals

Available Now

285.5 Hudson Ave

AlbanyNY12210
property at 154 Spring St

$1,300 - $1,750

2 To 3 Bedroom Rentals

Available Now

154 Spring St

AlbanyNY12203
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PM 63 2nd Ave.
1 Bedroom Apartments

PM 63 2nd Ave.

63 2nd AveAlbany, NY 12202
Student Housing
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252 state street
Studio to 2 Bedroom Apartments

252 state street

252 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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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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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

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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Showing Results 1-50, Page 1 of 2

Second Avenue, Albany, NY Local Guide

Cheapest Available Second Avenue Apartments for Rent

 

The cheapest available apartment rental in the Second Avenue area of Albany, NY is a Studio unit found at 252 state street priced from $850. 256 state street has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here are the most affordable Second Avenue apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
252 state streetStudio, 1 BathroomStudio,1BA$850
256 state streetStudio, 1 BathroomStudio,1BA$975
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
Downtown Student Housing2 Bedroom2BR,2BA$1,100
The Knick1 Bedroom G1BR,1BA$1,120
11 South Lake AveStudio DeluxeStudio,1BA$1,150
69 Trinity PlaceSpacious Studio Minutes from Times Union, Alban...Studio,1BA$1,195
@HudsonPark1BR/1.0BA1BR,1BA$1,225

Best Value Apartments for Rent in Second Avenue, NY

As of February 26, 2026 the best value apartment in the Second Avenue area is the $1.32 price per square foot House Model at 25 Besch Ave in the in the Whitehall neighborhood starting from $3,700. The second greatest value Second Avenue apartment is the 270 Livingston Ave Model at 270 Livingston Ave, Unit #1 starting at $1,490 with a $1.06 price per square foot in the Arbor Hill neighborhood. Here is today’s list of the best values for Second Avenue apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
25 Besch AveHouse6BR,3.5BA$1.32
270 Livingston Ave, Unit #1270 Livingston Ave4BR,1BA$1.06
799 Park Ave, Unit 2 Bedrooms + Utilities799 Park Ave2BR,1BA$1.27
310 Western Ave, Unit Unit 2310 Western Ave4BR,1BA$0.57
589 Washington Ave589 Washington Ave4BR,1BA$1.37
Downtown Student Housing3 Bedroom3BR,2BA$1.33
533 Washington Ave, Unit 2533 Washington Ave3BR,1BA$1.32
412 Broadway33/341BR,1.5BA$1.31
The Lofts at 733 BroadwayUnit 2041BR,1BA$1.38
69 Trinity Place1BR/1.5BA1BR,1.5BA$1.37

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
Second Avenue, Albany, NY

Ranked #6

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.com compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across New York and customized analysis for Central Albany. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Second Avenue Apartments

What is a cheap apartment in Second Avenue?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Second Avenue is under $1,225.

What is the price of a cheap apartment in Second Avenue?

The cheapest apartment in Second Avenue is 71 chestnut street which is listed at $1,050, while the average apartment in Second Avenue costs $3,600.

What types of apartments are the cheapest in Second Avenue?

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 7 regular apartments in Second Avenue 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 Second Avenue?

Cheap apartments in Second Avenue have an average cost of $378 which is $3,222 cheaper than the average rent for all rentals in Second Avenue.

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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.