Apartments for Rent in Albany, NY

Prices and availability in Albany, NY were last updated on 22 Aug 2026.

The best apartments in Albany, NY are: Crestwood Townhomes, The Knick, Industrie Apartments, The Kenmore and The Kennedy.

The average rent in Albany, NY is $1,691.

The price range for a studio apartment in Albany, NY is between $900 and $2,295.

The price range for a 1-bedroom apartment in Albany, NY is between $750 and $2,295.

The price range for a 2-bedroom apartment in Albany, NY is between $850 and $4,857.

The price range for a 3-bedroom apartment in Albany, NY is between $900 and $3,030.

In Albany 62% of the housing is rented out compared to 38% of homes are owned, according to the most recent Census Bureau estimates. 14% of Albany's apartments are found in large buildings of 50 units or more, 80% are located in smaller apartment complexes with less than 50 units, and 5% are single-family rentals.

The average age of rental buildings in Albany is 48 years old, with 23% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 5 stories, of which 67% are garden-style apartment communities, 23% are mid-sized buildings, and 16% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in Albany are around 12% of rentals, while 1-bedroom floor plans represent 43% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 38% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.