Cheap Apartments for Rent in the Second Avenue Neighborhood of Albany, NY from $500 (57 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

91 Columbia St

AlbanyNY12210

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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property at 390 Clinton Ave

390 Clinton Ave

AlbanyNY12206
property at 11 Myrtle Ave

11 Myrtle Ave

AlbanyNY12202
property at 578 Madison Ave

578 Madison Ave

AlbanyNY12208

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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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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PM 63 2nd Ave.
1 Bedroom Apartments

PM 63 2nd Ave.

63 2nd AveAlbany, NY 12202
Student Housing
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142 Morton Ave
Studio to 1 Bedroom Apartments

142 Morton Ave

142 Morton AveAlbany, NY 12202
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336 Hudson street
Studio to 2 Bedroom Apartments

336 Hudson street

336 Hudson AveAlbany, NY 12210

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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338 Hudson street
Studio to 2 Bedroom Apartments

338 Hudson street

338 Hudson AveAlbany, 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
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252 state street
Studio to 2 Bedroom Apartments

252 state street

252 State StAlbany, NY 12210
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256 state street
Studio to 3 Bedroom Apartments

256 state street

256 State StAlbany, NY 12210
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69 Trinity Place
Studio to 2 Bedroom Apartments

69 Trinity Place

69 Trinity PlAlbany, NY 12202
Student Housing

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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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 142 Morton Ave priced from $850. 44 James has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Second Avenue apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
142 Morton AveStudio, 1 BathroomStudio,1BA$850
44 James205Studio,1BA$995
256 state street1 Bedroom, 1 Bathroom1BR,1BA$1,050
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
@HudsonPark0BR/1.0BAStudio,1BA$1,050
The KnickStudio DStudio,1BA$1,065
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 December 12, 2025 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
182 Washington Ave, Unit Third floor mansion apt.182 Washington Ave3BR,1BA$1.21
372 Morris St, Unit 372 Morris372 Morris St3BR,1BA$1.11
459 Jay St, Unit 1459 Jay St2BR,1BA$0.96
107 3rd Ave, Unit Neilzen107 3rd Ave3BR,1BA$1.21
534 Hamilton St, Unit 2534 Hamilton St1BR,1BA$0.73
18 Willett St, Unit Apt 318 Willett St2BR,1BA$1.33
Downtown Student Housing3 Bedroom3BR,2BA$1.33
412 Broadway33/341BR,1.5BA$1.31

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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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 #12

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!

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 $1,175.

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

The cheapest apartment in Second Avenue is 142 Morton Ave which is listed at $900, 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 $569 which is $2,631 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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!