Cheap Homes for Rent near Colonie, NY from $925 (10 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Colonie.

property at 225 S Allen St

$1,195

Studio To 1 Bedroom Rentals

Available Now

225 S Allen St

AlbanyNY12208

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 864 Madison Ave

$1,350 - $1,550

3 To 4 Bedroom Rentals

Available Now

864 Madison Ave

AlbanyNY12208

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Colonie, NY Local Guide

Cheapest Available Colonie Apartments for Rent and Nearby

 

The cheapest available apartment rental in Colonie, NY is a Studio unit found at 1395 Hudson in the Campus Area neighborhood priced from $1,495. Landmark Albany in the Campus Area neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,150. Here is today’s list of the most affordable Colonie apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1395 HudsonStudio A1Studio,1BA$1,495
Landmark AlbanyThe Nano1BR,1BA$2,150
Schuyler Commons2 bedroom 1 bathroom2BR,1BA$2,209

Best Value Apartments for Rent in Colonie, NY and Nearby

As of August 24, 2026 the best value apartment in the Colonie area is the $1.33 price per square foot 34 N Elmhurst Ave Model at 34 N Elmhurst Ave, Unit House in the in the Campus Area neighborhood starting from $2,000. The second greatest value Colonie apartment is the D1 Model at The Hudson Student Living starting at $1,145 with a $0.92 price per square foot in the Campus Area neighborhood. Here is today’s list of the best values for Colonie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
34 N Elmhurst Ave, Unit House34 N Elmhurst Ave2BR,1.5BA$1.33
The Hudson Student LivingD14BR,4BA$0.92
Schuyler Commons2 bedroom 1 bathroom2BR,1BA$1.91
The Residences at The CrossingsOne Bedroom1BR,1BA$1.79
The Apex at CrossgatesAdonis1BR,1BA$2.46
Landmark AlbanyThe Nano1BR,1BA$2.38
1A Van Buren Ave, Unit First Floor1A Van Buren Ave2BR,1BA$2.44
4 Katherine Rd, Unit Unit B 4 Katherine Road4 Katherine Rd2BR,1BA$2.24
Block 75Hudson A2BR,2BA$1.44
1395 HudsonStudio A1Studio ,1BA$4.82

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.

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Colonie, NY Rentals by Map

View Map
Colonie, NY Apartments Map
View Map
Colonie, NY Rental Homes Map

Frequently Asked Questions about Colonie

What type of rentals are currently available in Colonie?

There are currently 61 Apartments for Rent in Colonie, NY with pricing that ranges from $990 to $4,175. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonie ranging from $925 to $4,800.

What is the current price range for Rental Homes in Colonie?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Colonie ranges from $925 to $4,800 with an average monthly rent of $2,080.

How much are larger Three and Four Bedroom Rentals in Colonie?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Colonie range from $1,080 to $3,460, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $990.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.