
Cheap Apartments for Rent in Rensselaer, NY from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Rensselaer.


Spaulding Apartments

5 West St

91 Columbia St

51 Elm St

28 Bradford St

Total Monthly Price
64 Central Ave, Unit First Floor Studio
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.

736 N Pearl St

147 Eagle St

PM 63 2nd Ave.

Livingston School Apartments

Knox Street Apartments

Fort Fredrick Apartments

252 state street
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.

142 Morton Ave

336 Hudson street

256 state street

363 state street

State Street Tower Apartments

409 State St

71 chestnut street
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.

Merchant Walter House

The Amsdell
Rensselaer, NY Local Guide

How much does it cost to rent an apartment in Rensselaer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Rensselaer Studio Apartments | $1,473 | $1,050 | $1,980 |
| Cheap Rensselaer 1 Bedroom Apartments | $1,629 | $1,000 | $2,300 |
| Cheap Rensselaer 2 Bedroom Apartments | $2,034 | $950 | $3,500 |
| Cheap Rensselaer 3 Bedroom Apartments | $2,042 | $1,200 | $2,752 |
| Cheap Rensselaer 4 Bedroom Apartments | $2,061 | $1,490 | $2,253 |
Browse Top Apartments in Rensselaer
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Rensselaer, NY Local Guide
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Cheapest Available Rensselaer Apartments for Rent
 The cheapest available apartment rental in Rensselaer, NY is a Studio unit found at 252 state street in the Arbor Hill neighborhood priced from $850. 256 state street in the Arbor Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $975. Here is today’s list of the most affordable Rensselaer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 252 state street | Studio, 1 Bathroom | Studio,1BA | $850 |
| 256 state street | Studio, 1 Bathroom | Studio,1BA | $975 |
| 71 chestnut street | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,050 |
| The Knick | 1 Bedroom G | 1BR,1BA | $1,120 |
| The Apartments at 66 State | 1B1RC | 1BR,1BA | $1,185 |
Best Value Apartments for Rent in Rensselaer, NY
As of March 12, 2026 the best value apartment in the Rensselaer area is the $1.50 price per square foot 3BR/2.0BA Model at Hinckel Brewery Development LLC in the in the Whitehall neighborhood starting from $2,400. The second greatest value Rensselaer apartment is the 270 Livingston Ave Model at 270 Livingston Ave, Unit #1 starting at $1,490 with a $1.06 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hinckel Brewery Development LLC | 3BR/2.0BA | 3BR,2BA | $1.50 |
| 270 Livingston Ave, Unit #1 | 270 Livingston Ave | 4BR,1BA | $1.06 |
| Albany Lofts at One Broadway | 1BD 1.5BA | 1BR,1.5BA | $1.54 |
| 412 Broadway | 33/34 | 1BR,1.5BA | $1.31 |
| The Lofts at 733 Broadway | Unit 204 | 1BR,1BA | $1.38 |
| 69 Trinity Place | 1BR/1.5BA | 1BR,1.5BA | $1.37 |
| The McManus | One Bedroom | 1BR,1BA | $1.47 |
| 253 Park Ave, Unit Beautiful 1 BR Apartment | 253 Park Ave | 1BR,1BA | $1.20 |
| 31 Dana Ave, Unit 1 | 31 Dana Ave | 1BR,1BA | $1.47 |
| 377 Hudson Ave, Unit 377 Hudson Avenue - 2nd F | 377 Hudson Ave | 2BR,1BA | $1.41 |
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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Rensselaer, NY Rentals by Map
See the most popular apartments and homes in Rensselaer, NY
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 252 state street listed at $850.
How much is rent for a Cheap One Bedroom Rensselaer Apartment?
The lowest price for a Cheap One Bedroom Rensselaer Apartment is $1,050 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 $1,350 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 Willett Apartments and starts from $1,975.
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

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.

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.