Cheap Apartments for Rent in the Downtown Schenectady Neighborhood of Schenectady, NY from $700 (54 Rentals)

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

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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property at 901 Nott St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295

3 Bedroom, 1 Bath Townhome for Rent

Available Now

901 Nott St, Unit 1 Rear, Unit 1 Rear

901 Nott St
SchenectadyNY12308

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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Parkside View
2 to 3 Bedroom Apartments

Parkside View

920 Albany StSchenectady, NY 12307
  • Utilities Included

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.

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118 Jay St
1 Bedroom Apartments

118 Jay St

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

Edison Apartments

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

Hillside Crossing

736 Albany StSchenectady, NY 12307
  • Utilities Included
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Redburn Stockade
1 Bedroom Apartments

Redburn Stockade

4 Union StSchenectady, NY 12305
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148 Clinton St
Studio to 1 Bedroom Apartments

148 Clinton St

148 Clinton StSchenectady, NY 12305
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Northside Village
1 to 4 Bedroom Apartments

Northside Village

2450 Van Vranken AveSchenectady, NY 12308
  • Utilities Included
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John Glen House
1 to 2 Bedroom Apartments

John Glen House

58 Washington AveSchenectady, NY 12305
  • Utilities Included

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.

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The Foster
Studio to 3 Bedroom Apartments

The Foster

508 State StSchenectady, NY 12305
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Canal Lofts
1 Bedroom Apartments

Canal Lofts

192 Erie BlvdSchenectady, NY 12305
property at 418 Division St

$1,500

3 Bedroom, 1 Bath Home for Rent

Available Now

418 Division St

SchenectadyNY12304

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

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 4 Beds unit found at College Suites at Washington Square priced from $867. Barney Square & W.L. Stockade Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Downtown Schenectady apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
College Suites at Washington Square4 Bedroom/2 Bath4BR,2BA$867
Barney Square & W.L. Stockade ApartmentsStudioStudio,1BA$925
Netherlands Village1 Bedroom1BR,1BA$1,239
132 Broadway LoftsApartment 2F1BR,1BA$1,250
State and Clinton1 Bedroom A1BR,1BA$1,285
Niskayuna GardensNiskayuna 1 BR1BR,1BA$1,299
Hillcrest Village Apartment HomesOne Bedroom- 760 sqft1BR,1BA$1,350

Best Value Apartments for Rent in Downtown Schenectady, NY

As of April 12, 2026 the best value apartment in the Downtown Schenectady area is the $0.56 price per square foot 15 N Jay St Model at 15 N Jay St, Unit 1 in the in the Downtown Schenectady neighborhood starting from $750. The second greatest value Downtown Schenectady apartment is the 4 Bedroom 2 Bath (MF) Model at College Suites at Washington Square starting at $2,163 with a $1.66 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.
15 N Jay St, Unit 115 N Jay St4BR,1BA$0.56
College Suites at Washington Square4 Bedroom 2 Bath (MF)4BR,2BA$1.66
301 Riverside Ave301 Riverside Ave1BR,1BA$1.36
The Wedgeway Apartments2BR/1.0BA2BR,1BA$1.87
Willowbrook Terrace Apartments2x2a2BR,2BA$1.73
21 Vassar St, Unit 21 Vassar St21 Vassar St1BR,1BA$1.44
Hillcrest Village Apartment HomesOne Bedroom- 760 sqft1BR,1BA$1.78
State and Clinton1 Bedroom A1BR,1BA$1.81
1633 Broadway, Unit Front down apt 1 front1633 Broadway1BR,1BA$1.21
Barney Square & W.L. Stockade ApartmentsStudioStudio ,1BA$1.78

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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.

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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 price of a cheap apartment in Downtown Schenectady?

The cheapest apartment in Downtown Schenectady is Netherlands Village which is listed at $1,239, while the average apartment in Downtown Schenectady costs $1,847.

What types of apartments are the cheapest in Downtown Schenectady?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Downtown Schenectady that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Schenectady?

Cheap apartments in Downtown Schenectady have an average cost of $909 which is $938 cheaper than the average rent for all rentals in Downtown Schenectady.

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 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.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.