Cheap Apartments for Rent in Rensselaer, NY from $500 (87 Rentals)

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

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Spaulding Apartments
1 to 2 Bedroom Apartments

Spaulding Apartments

15-25 Forrest DrRensselaer, NY 12144
  • Utilities Included
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22 High St
1 Bedroom Apartments

22 High St

22 High StRensselaer, NY 12144
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48 Broadway
1 Bedroom Apartments

48 Broadway

48 BroadwayRensselaer, NY 12144

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.

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The McManus
1 to 2 Bedroom Apartments

The McManus

20 Herrick StRensselaer, NY 12144
  • Utilities Included
property at 130 S Pearl St

$990

Total Monthly Price

Total Monthly Price

Base Rent
$990
Total Monthly Price
$990

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

130 S Pearl St

AlbanyNY12202

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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Rensselaer, NY Local Guide

Cheapest Available Rensselaer Apartments for Rent

 

The cheapest available apartment rental in Rensselaer, NY is a Studio unit found at 449 State St in the Whitehall neighborhood priced from $895. 256 state street in the Arbor Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Rensselaer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
449 State St0 Beds, 1 BathsStudio,1BA$895
256 state street1 Bedroom, 1 Bathroom1BR,1BA$950
363 state streetStudio, 1 BathroomStudio,1BA$1,000
287 State St280/1Studio,1BA$1,025
71 chestnut street1 Bedroom, 1 Bathroom1BR,1BA$1,050
The Kennedy403Studio,1BA$1,185
69 Trinity PlaceSpacious Studio Minutes from Times Union, Alban...Studio,1BA$1,195

Best Value Apartments for Rent in Rensselaer, NY

As of July 26, 2026 the best value apartment in the Rensselaer area is the $1.55 price per square foot 35 Clinton Ave Model at 35 Clinton Ave, Unit UpperFloors/2Bedroom in the in the Arbor Hill neighborhood starting from $2,250. The second greatest value Rensselaer apartment is the 3BR/2.0BA Model at Hinckel Brewery Development LLC starting at $2,000 with a $1.43 price per square foot in the Whitehall 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.
35 Clinton Ave, Unit UpperFloors/2Bedroom35 Clinton Ave2BR,2.5BA$1.55
Hinckel Brewery Development LLC3BR/2.0BA3BR,2BA$1.43
385 Orange St, Unit 1385 Orange St3BR,1BA$1.07
The Reserve at Park South1BR/1.0BA1BR,1BA$1.71
246 Delaware Ave, Unit 1 East246 Delaware Ave2BR,1BA$0.99
22 Neptune St, Unit 122 Neptune St2BR,1BA$1.50
328 Orange St, Unit 328 Orange St328 Orange St2BR,1BA$1.29
Park Hill Lane ApartmentsThe Birch PL 1 - 62BR,1BA$1.63
408 Hamilton Street, Unit Garden Apartment408 Hamilton Street1BR,1BA$1.64
40 Central Ave, Unit 2 Fifth Floor40 Central Ave1BR,1BA$1.69

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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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.

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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.

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Pet Friendly Lifestyle

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Among cities in New York for Apartment listings with Pet Friendly Amenities.

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

Explore Rensselaer, NY Rentals by Map

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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 449 State St listed at $895.

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

The lowest price for a Cheap One Bedroom Rensselaer Apartment is $950 at 256 state 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 $1,349 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 $1,610.

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

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The Best Neighborhoods for Renters While Attending College in Albany

Written by: Patrick Ryan

Albany, the Capital city of New York state, is revered for its unique architecture and storied history.

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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.

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.