100 Best Apartments in Albany, NY (with reviews)

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Average rent in Albany, NY

$1,617/mo Albany, NY average rental price, March 2024

The average monthly rent of apartments in Albany, NY is $1,617.

Albany, NY apartment rent ranges

About 33% of apartment rents in Albany, NY range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 16% of apartments. Around 49% of Albany’s apartments are in the $1,001-$1,500 price range. 2% of apartments are priced between $701-$1,000.

Albany, NY rent trends

Check out the average rent prices in Albany by neighborhood.

Compared to the national average rent of $1,713, the average rent in Albany, NY is $1,617.

Getting around in Albany, NY

56 /100

Somewhat Walkable

49 /100

Some Transit

67 /100

Bikeable

Walk Score®: 56, Transit Score®: 49, Bike Score®: 67

Frequently asked questions

When were prices and availability in Albany, NY last updated?

Prices and availability in Albany, NY were last updated on 9 May 2024.

What are the best apartments in Albany, NY?

The best apartments in Albany, NY are: Alexander at Patroon Creek, The Kennedy, 39 Columbia Street, 31 stanwix (delware) and 359 State Street.

What is the average rent in Albany, NY?

The average rent in Albany, NY is $1,617. Start your search for apartments in Albany, NY now.

What is the price range for a studio apartment in Albany, NY?

The price range for a studio apartment in Albany, NY is between $800 and $1,725. View all studio apartments in Albany, NY.

What is the price range for a 1-bedroom apartment in Albany, NY?

The price range for a 1-bedroom apartment in Albany, NY is between $685 and $4,055. Browse all available 1-bedroom apartments in Albany, NY now.

What is the price range for a 2-bedroom apartment in Albany, NY?

The price range for a 2-bedroom apartment in Albany, NY is between $800 and $5,296. Browse and find a 2-bedroom apartment in Albany, NY.

What is the price range for a 3-bedroom apartment in Albany, NY?

The price range for a 3-bedroom apartment in Albany, NY is between $1,105 and $5,359. Browse all available 3-bedroom apartments in Albany, NY.

What type of rental buildings are in Albany, NY?

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 13% of Albany’s rentals, 82% are small-scale complexes with under 50 units, and 5% are single-family rentals.

What do typical apartment communities look like in Albany, NY?

The average age of rental buildings in Albany is 46 years old, with 23% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 6 stories, of which 69% are garden-style apartment communities, 20% are mid-sized buildings, and 19% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

What apartment floorplans are common in Albany, NY?

Rental apartments in Albany come in a range of sizes and floorplans. Studio apartments represent 11% 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 44% of the total apartments in the city, while 2-bedroom floorplans represent around 37% 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.

Living in Albany, NY

Albany is a small city located in upstate New York. It currently serves as the capital of New York and is located along the Hudson River. Originally, Albany’s location along the river made it an important trade center throughout the 18th and 19th centuries. In recent years, the city has been revitalized as many technology companies have moved here. In turn, these tech companies have attracted renters to the area from many of the country’s larger cities. There are also many students who rent in Albany as the city is home to the University at Albany, which is part of the SUNY system, as well as storied medical and legal schools. Many renters also enjoy living in Albany due to its central location. For instance, major cities like New York and Boston are both within easy driving distance. Meanwhile, lovers of the outdoors can easily drive to the Finger Lakes during the summer or ski resorts in Vermont during the winter. There are also plenty of things for renters to do in the city itself, including a beautiful waterfront park, museums and restaurants downtown.

Renting in Albany, NY

Most neighborhoods in Albany are very dense and walkable, making it a great choice for renters who are looking for somewhere with an urban feel. Here, many rental properties are located in historic row houses or apartment buildings that are full of charm and character. You’ll also find newer high-rise and mid-rise apartments throughout the downtown area. What’s more, the city has also made an effort to revive the downtown area in recent years with apartments that cater to young professionals. The cost of renting in Albany is relatively affordable when compared to larger nearby cities, like New York. However, apartments here still tend to be more expensive than the national average. Additionally, renters will typically need to pay a security deposit equivalent to at least one month’s rent when moving into a new apartment. However, Albany also has relatively strong renter protection laws, which ensure your right to a safe and habitable property.

Shopping in Albany, NY

There are many different types of shops conveniently located throughout Albany. In fact, many renters are able to walk to local grocery stores and drugstores. Grocery stores in Albany include ShopRite, Hannaford, Price Chopper, and Whole Foods, as well as local co-ops and international markets. In particular, the downtown area has an excellent selection of locally owned boutiques and thrift stores in the Center Square neighborhood. Likewise, the Crossgates Mall — which is located on the west side of town — is another popular place to go shopping. This mall contains department stores, as well as popular national chains. Other large retailers, like Walmart and Target, have locations near the mall.

Transportation in Albany, NY

There are many different ways to get around Albany. Many renters choose to have cars, which makes it easier to run errands or visit other nearby towns, but parking can be tricky in the dense downtown areas. There are also public buses available throughout Albany and to nearby cities, like Troy and Schenectady. Renters can also access many different regional Amtrak trains at the Albany-Rensselaer station across the Hudson River.

Look for apartments near me

Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!

RentCafe is your one-stop shop for finding a great new apartment in Albany, NY. Easily search through a wide selection of apartments for rent in Albany, NY, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Albany, NY apartments with rents starting from $685 and submit your rental application today!

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!

1 BED	$1,674+
2 BEDS	$2,072+
3 BEDS	$2,553+

Studio	$1,200
1 BED	$1,350
2 BEDS	$1,950

1 BED	$1,450
2 BEDS	$1,650

Studio	$1,075
1 BED	$1,300

1 BED	$1,674+
2 BEDS	$2,072+
3 BEDS	$2,553+

Studio	Ask for Pricing
1 BED	$1,525
2 BEDS	Ask for Pricing

Studio	Ask for Pricing
1 BED	Ask for Pricing
2+ BEDS	$1,725

Studio	$1,090
1 BED	$1,160+

1 BED	Ask for Pricing
2 BEDS	$1,865

Apartments for Rent in Albany, NY 166 Rentals Available

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