Apartments for Rent in Albany, OR

Prices and availability in Albany, OR were last updated on 23 Sep 2026.

The best apartments in Albany, OR are: Timberridge Place Apartment Homes, Timber Ridge Place Apartment Homes, Queen Court Apartments, New Heritage Apartments and The Banks.

The average rent in Albany, OR is $1,539.

The price range for a studio apartment in Albany, OR is between $1,530 and $2,280.

The price range for a 1-bedroom apartment in Albany, OR is between $1,350 and $1,650.

The price range for a 2-bedroom apartment in Albany, OR is between $1,550 and $1,950.

The price range for a 3-bedroom apartment in Albany, OR is between $1,550 and $2,280.

In Albany, 41% of the residents are renting compared to 59% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 9% of Albany's rentals, 64% are small-scale complexes with under 50 units, and 25% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Albany are about 26 years old, on average. Of these, 43% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Albany come in a range of sizes and floorplans. Studio apartments represent 3% 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 25% of the total apartments in the city, while 2-bedroom floorplans represent around 64% 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.