Apartments for Rent in Albany, NY

Prices and availability in Albany, NY were last updated on 27 May 2026.

The best apartments in Albany, NY are: Industrie Apartments, Park Row and New Scotland Gardens Apartments, Abraxas at 90 State, Crestwood Townhomes and 142 Morton Ave.

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

The price range for a studio apartment in Albany, NY is between $800 and $2,055.

The price range for a 1-bedroom apartment in Albany, NY is between $650 and $2,325.

The price range for a 2-bedroom apartment in Albany, NY is between $850 and $3,179.

The price range for a 3-bedroom apartment in Albany, NY is between $800 and $2,350.

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.

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.