Cheap Apartments for Rent in Rensselaer, NY from $500 (27 Rentals)

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

Search the lowest-cost Apartments available for rent right now in Rensselaer.

close
View Me
Spaulding Apartments
1 to 2 Bedroom Apartments

Spaulding Apartments

15-25 Forrest DrRensselaer, NY 12144
  • Utilities Included

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.

property at 390 Clinton Ave

390 Clinton Ave

AlbanyNY12206
property at 11 Myrtle Ave

11 Myrtle Ave

AlbanyNY12202

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.

property at 578 Madison Ave

578 Madison Ave

AlbanyNY12208
close
View Me
PM 63 2nd Ave.
1 Bedroom Apartments

PM 63 2nd Ave.

63 2nd AveAlbany, NY 12202

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.

close
View Me
142 Morton Ave
Studio to 1 Bedroom Apartments

142 Morton Ave

142 Morton AveAlbany, NY 12202
close
View Me
252 state street
Studio to 2 Bedroom Apartments

252 state street

252 State StAlbany, NY 12210
close
View Me
336 Hudson street
Studio to 2 Bedroom Apartments

336 Hudson street

336 Hudson AveAlbany, NY 12210
close
View Me
338 Hudson street
Studio to 2 Bedroom Apartments

338 Hudson street

338 Hudson AveAlbany, NY 12210
close
View Me
363 state street
Studio to 1 Bedroom Apartments

363 state street

363 State StAlbany, NY 12210

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.

close
View Me
409 State St
1 Bedroom Apartments

409 State St

409 State StAlbany, NY 12210
  • Utilities Included

Rensselaer, NY Local Guide

Cheapest Available Rensselaer Apartments for Rent

 

The cheapest available apartment rental in Rensselaer, NY is a Studio unit found at 142 Morton Ave in the Whitehall neighborhood priced from $800. 336 Hudson street in the Whitehall neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Rensselaer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
142 Morton AveStudio, 1 BathroomStudio,1BA$800
336 Hudson streetStudio, 1 BathroomStudio,1BA$950
363 state streetStudio, 1 BathroomStudio,1BA$1,000
The Kenmore404Studio,1BA$1,045
The AmsdellStyle AStudio,1BA$1,130
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,150
Menands GardensStudio AStudio,1BA$1,195

Best Value Apartments for Rent in Rensselaer, NY

As of September 15, 2025 the best value apartment in the Rensselaer area is the $1.13 price per square foot 2BD 2BA Model at Albany Lofts at One Broadway in the in the North Albany Shaker Park neighborhood starting from $2,333. The second greatest value Rensselaer apartment is the Unit 3F Model at 287 State St starting at $1,735 with a $1.16 price per square foot in the Arbor Hill neighborhood. Here is today’s list of the best values for Rensselaer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Albany Lofts at One Broadway2BD 2BA2BR,2BA$1.13
287 State StUnit 3F2BR,1BA$1.16
Hinckel Brewery Development LLC1BR/1.0BA1BR,1BA$1.43
271 Hudson Ave, Unit Garden Floor271 Hudson Ave1BR,1BA$1.33
1 Ten Broeck St, Unit 31 Ten Broeck St2BR,1BA$1.17
412 Broadway33/341BR,1.5BA$1.31
817 3rd St, Unit 1817 3rd St2BR,1BA$0.86
179 Elk St, Unit Floor 1179 Elk St2BR,1BA$1.27
28 Dove St, Unit 128 Dove St1BR,1BA$1.50
241 Elm St, Unit 241 #1241 Elm St1BR,1BA$1.44

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 Rensselaer, NY Rentals by Map

View Map
Rensselaer, NY Apartments Map
View Map
Rensselaer, NY Rental Homes Map

Getting Around Rensselaer, NY

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Rensselaer Apartments

What is the Cheapest Studio apartment in Rensselaer?

Currently the most affordable Cheap Studio Apartment in Rensselaer is at 142 Morton Ave listed at $800.

How much is rent for a Cheap One Bedroom Rensselaer Apartment?

The lowest price for a Cheap One Bedroom Rensselaer Apartment is $1,150 at 71 chestnut street.

What is the lowest price for a Cheap Two Bedroom Rensselaer Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rensselaer is starting from $1,300 at Tivoli Park Apartments.

What is the most affordable Rensselaer Three Bedroom Apartment?

The best deal on a cheap Rensselaer Three Bedroom Apartment rental is at Tivoli Park Apartments and starts from $1,585.

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.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.