Cheap Apartments for Rent in the Second Avenue Neighborhood of Albany, NY from $500 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Second Avenue area of Albany.

91 Columbia St

238 Ontario St

31-33 N Pearl St

Willett Apartments

390 Clinton Ave

361 State St

@HudsonPark

Downtown Student Housing

578 Madison Ave

5 Irving St

11 Myrtle Ave

418 Sheridan Ave

139 Madison Ave

4 Sheridan Ave

40 Central Ave, Unit 2 Fifth Floor

103 Ten Broeck St

135 Madison Ave

Newly Renovated Apartments in Pine Hills
Second Avenue, Albany, NY Local Guide

How much does it cost to rent an apartment in Second Avenue?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Second Avenue Studio Apartments | $1,405 | $1,015 | $1,980 |
| Second Avenue 1 Bedroom Apartments | $1,604 | $650 | $2,215 |
| Second Avenue 2 Bedroom Apartments | $1,954 | $1,100 | $4,330 |
| Second Avenue 3 Bedroom Apartments | $1,676 | $1,100 | $2,900 |
| Second Avenue 4 Bedroom Apartments | $2,058 | $1,650 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 2 mile radius of the Second Avenue Neighborhood of Albany, NY.
See all Apartments in AlbanyExplore Albany
Second Avenue, Albany, NY Local Guide
- Nearby Albany neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 142 Morton Ave priced from $850. 336 Hudson street has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Second Avenue apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 142 Morton Ave | Studio, 1 Bathroom | Studio,1BA | $850 |
| 336 Hudson street | Studio, 1 Bathroom | Studio,1BA | $950 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,000 |
| 363 state street | Studio, 1 Bathroom | Studio,1BA | $1,000 |
| 256 state street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| 44 James | 205 | Studio,1BA | $1,095 |
| @HudsonPark | 0BR/1.0BA | Studio,1BA | $1,100 |
| Downtown Student Housing | 2 Bedroom | 2BR,2BA | $1,100 |
Best Value Apartments for Rent in Second Avenue, NY
As of November 06, 2025 the best value apartment in the Second Avenue area is the $1.04 price per square foot 24b Thacher St Model at 24b Thacher St, Unit 24B Thacher st in the in the Arbor Hill neighborhood starting from $2,900. The second greatest value Second Avenue apartment is the 238 Quail St Model at 238 Quail St, Unit 1 starting at $3,000 with a $1.20 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 24b Thacher St, Unit 24B Thacher st | 24b Thacher St | 3BR,2BA | $1.04 |
| 238 Quail St, Unit 1 | 238 Quail St | 5BR,2.5BA | $1.20 |
| 268 Western Ave, Unit 1 | 268 Western Ave | 4BR,1BA | $0.96 |
| 1 Ten Broeck St, Unit Lower Level | 1 Ten Broeck St | 3BR,2BA | $1.05 |
| 414 Broadway, Unit 201 | 414 Broadway | 1BR,1BA | $1.24 |
| 459 Jay St, Unit 1 | 459 Jay St | 2BR,1BA | $0.96 |
| Downtown Student Housing | 3 Bedroom | 3BR,2BA | $1.33 |
| Hinckel Brewery Development LLC | 1BR/1.0BA | 1BR,1BA | $1.29 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| 57 Washington Ave, Unit 2 | 57 Washington Ave | 1BR,1BA | $1.06 |
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.
Pet Friendly LifestyleSecond Avenue, Albany, NY
Ranked #28
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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!
Getting Around the Second Avenue Neighborhood in Albany, NY
Walk Score®
56 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
30 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
52 / 100
Good Transit
Many 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 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 $1,100.
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 $1,000, 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 $846 which is $2,354 cheaper than the average rent for all rentals in Second Avenue.
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.























