Cheap Apartments for Rent in the Second Avenue Neighborhood of Albany, NY from $500 (90 Rentals)

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

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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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 Apr 15

130 S Pearl St

AlbanyNY12202
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78 Dove St
$1,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050
Studio Apartment Available Now

78 Dove St

78 Dove StAlbany, NY 12210
Affordability
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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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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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property at 152 Western Ave

$1,195 - $2,175

1 To 3 Bedroom Rentals

Available Jun 1

152 Western Ave

AlbanyNY12203
property at 188 Spring St

$1,300 - $1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,600
Total Monthly Price
$1,300 - $1,600

1 To 2 Bedroom Homes for Rent

Available Now

188 Spring St

AlbanyNY12203

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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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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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 256 state street priced from $975. 363 state street has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Second Avenue apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
256 state streetStudio, 1 BathroomStudio,1BA$975
363 state streetStudio, 1 BathroomStudio,1BA$1,000
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
Downtown Student Housing2 Bedroom2BR,2BA$1,100
357-363 Morris StOne Bed One Bath1BR,1BA$1,175

Best Value Apartments for Rent in Second Avenue, NY

As of April 12, 2026 the best value apartment in the Second Avenue area is the $1.20 price per square foot 238 Quail St Model at 238 Quail St, Unit 1 in the in the Whitehall neighborhood starting from $3,000. The second greatest value Second Avenue apartment is the 268 Western Ave Model at 268 Western Ave, Unit 1 starting at $2,400 with a $0.96 price per square foot in the Whitehall 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.
238 Quail St, Unit 1238 Quail St5BR,2.5BA$1.20
268 Western Ave, Unit 1268 Western Ave4BR,1BA$0.96
301 Hudson Ave, Unit 1301 Hudson Ave2BR,1BA$1.29
4 Harris Ave, Unit Floor 14 Harris Ave3BR,1BA$1.19
372 Morris St, Unit 372 Morris372 Morris St3BR,1BA$1.11
287 State StUnit 3F2BR,1BA$1.16
459 Jay St, Unit 1459 Jay St2BR,1BA$0.96
310 Western Ave, Unit 2310 Western Ave4BR,1BA$0.56
1466 3rd St, Unit Upper Floor- B1466 3rd St2BR,1BA$1.33
211 Ontario St, Unit 1211 Ontario St4BR,1BA$0.48

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.

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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
Second Avenue, Albany, NY

Ranked #10

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 $1,175.

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 $3,200.

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 11 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 $497 which is $2,703 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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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.

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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.

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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.