Cheap Apartments for Rent in the Downtown Schenectady Neighborhood of Schenectady, NY from $703 (56 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Schenectady area of Schenectady.

property at 11 Jefferson St

$1,199 - $1,500

Studio To 1 Bedroom Rentals

Available Now

11 Jefferson St

SchenectadyNY12305

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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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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Parkside View
2 to 3 Bedroom Apartments

Parkside View

920 Albany StSchenectady, NY 12307
  • Utilities Included
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118 Jay St
1 Bedroom Apartments

118 Jay St

118 Jay StSchenectady, NY 12305
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Edison Apartments
Studio to 2 Bedroom Apartments

Edison Apartments

110-114 Union StSchenectady, NY 12305
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Hillside Crossing
1 to 3 Bedroom Apartments

Hillside Crossing

736 Albany StSchenectady, NY 12307
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Redburn Stockade
1 Bedroom Apartments

Redburn Stockade

4 Union StSchenectady, NY 12305
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Northside Village
1 to 4 Bedroom Apartments

Northside Village

2450 Van Vranken AveSchenectady, NY 12308
  • Utilities Included

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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John Glen House
1 to 2 Bedroom Apartments

John Glen House

58 Washington AveSchenectady, NY 12305
  • Utilities Included
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The Foster
Studio to 3 Bedroom Apartments

The Foster

508 State StSchenectady, NY 12305
property at 635 Crane St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

635 Crane St, Unit 3

635 Crane St
SchenectadyNY12303
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Stateside Lofts
Studio to 1 Bedroom Apartments

Stateside Lofts

519 State StSchenectady, NY 12305
Student Housing
  • 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.

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Downtown Schenectady, Schenectady, NY Local Guide

Cheapest Available Downtown Schenectady Apartments for Rent

 

The cheapest available apartment rental in the Downtown Schenectady area of Albany, NY is a Studio unit found at Wade Estates priced from $825. College Suites at Washington Square has the second lowest priced unit, which is a 4 Beds apartment currently listed from $867. Here are the most affordable Downtown Schenectady apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
Wade EstatesRegular StudioStudio,1BA$825
College Suites at Washington Square4 Bedroom/2 Bath4BR,2BA$867
Netherlands Village1 Bedroom1BR,1BA$1,239
Barney Square & W.L. Stockade Apartments1BD Apartments1BR,1BA$1,250
3 State StThe Alexandria 21BR,1BA$1,300
Hillcrest Village Apartment HomesOne Bedroom- 760 sqft1BR,1BA$1,315
Niskayuna GardensNiskayuna 1 BR1BR,1BA$1,359
State and Clinton1 Bedroom A1BR,1BA$1,360
13 Bancker Ave1 Beds, 1 Baths1BR,1BA$1,600

Best Value Apartments for Rent in Downtown Schenectady, NY

As of August 26, 2026 the best value apartment in the Downtown Schenectady area is the $1.66 price per square foot 4 Bedroom 2 Bath (MF) Model at College Suites at Washington Square in the in the Downtown Schenectady neighborhood starting from $2,163. The second greatest value Downtown Schenectady apartment is the 204 Model at Glen Esk Apartments starting at $2,125 with a $1.65 price per square foot in the Downtown Schenectady neighborhood. Here is today’s list of the best values for Downtown Schenectady apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
College Suites at Washington Square4 Bedroom 2 Bath (MF)4BR,2BA$1.66
Glen Esk Apartments2043BR,2BA$1.65
14 Wellington Rd, Unit Upstairs14 Wellington Rd2BR,1BA$2.00
State and Clinton2 Bedroom C2BR,1BA$1.68
3 State StThe Alexandria 21BR,1BA$1.30
1079 Pleasant St, Unit 1st Floor1079 Pleasant St2BR,1BA$1.44
Barney Square & W.L. Stockade Apartments1BD Apartments1BR,1BA$1.39
The Reserve at Glenville1 Bedroom 1 Bath w/ Attached Garage1BR,1BA$2.07
Hillcrest Village Apartment HomesOne Bedroom- 760 sqft1BR,1BA$1.73
Niskayuna GardensDalewood 1BR Den1BR,1BA$2.08

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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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
Downtown Schenectady, Schenectady, NY

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Schenectady, Schenectady, NY

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across New York including Downtown Schenectady, Schenectady, and the greater Albany area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, places that make kids happy, proximity to transit, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Schenectady Apartments

What is the Cheapest Studio apartment in Downtown Schenectady?

Currently the most affordable Cheap Studio Apartment in Downtown Schenectady is at Wade Estates listed at $825.

How much is rent for a Cheap One Bedroom Downtown Schenectady Apartment?

The lowest price for a Cheap One Bedroom Downtown Schenectady Apartment is $1,239 at Netherlands Village.

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Schenectady is starting from $1,289 at Netherlands Village.

What is the most affordable Downtown Schenectady Three Bedroom Apartment?

The best deal on a cheap Downtown Schenectady Three Bedroom Apartment rental is at The Reserve at Glenville and starts from $2,040.

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 The Best Neighborhoods for Renters While Attending College in Albany article

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.

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.