Prices and availability in Albany, NY were last updated on 26 Aug 2026.
The best apartments in Albany, NY are: Crestwood Townhomes, Tivoli Park Apartments, The Knick, Industrie Apartments and The Kenmore.
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 $850 and $2,295.
The price range for a 2-bedroom apartment in Albany, NY is between $850 and $4,863.
The price range for a 3-bedroom apartment in Albany, NY is between $900 and $3,030.
In Albany, 62% of the residents are renting compared to 38% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 14% of Albany's rentals, 80% are small-scale complexes with under 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.
Rental apartments in Albany come in a range of sizes and floorplans. Studio apartments represent 12% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 43% of the total apartments in the city, while 2-bedroom floorplans represent around 38% of all rentals in Albany. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
