What is the average apartment size in Albany?

The average size for a Albany, NY apartment is 784 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Albany?

As of Jun / 2026, the average rent in Albany is $1,749 per month, a 1.65% increase from last years average of $1,720.

How much does rent cost by apartment size in Albany?

In Albany, studios rent for $1,244 per month, one-bedroom units average $1,623 per month, two-bedrooms cost around $1,780 per month.

What is the average apartment size in Albany?

The typical apartment in Albany offers about 784 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Albany?

Studio apartments in Albany average 390 sq. ft., one-bedrooms offer 710 sq. ft., two-bedrooms are about 920 sq. ft.

What are the most affordable neighborhoods in Albany?

The most affordable neighborhoods in Albany include Washington Park ($1,348/month), West Hill Spirit ($1,417/month), and Hudson Park ($1,615/month), all below the citywide average of $1,749.

What are the most expensive neighborhoods in Albany?

The most expensive neighborhoods in Albany are Sheridan Hollow ($1,944/month), Helderberg ($2,052/month), and Eagle Hill ($2,236/month), often due to premium locations and high-end amenities.

Albany, NY Rental Market Trends

Q: What's the typical rent budget in Albany?

The typical rent budget in Albany ranges from $1,501 to $2,000 per month, with 38% of rentals in this range.

Q: Do most people rent or own in Albany?

In Albany, 62% of households rent while 38% own their homes, based on the latest U.S. Census data.

Last updated: August 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Albany is $1,749, a 1.65% increase compared to the previous year, when the average rent was $1,720.

Studio Apartments at $1,244 offer the most budget-friendly option with 390 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 710 square feet for $1,623, balancing privacy and affordability.

Two-bedroom units at $1,780 offer 920 square feet, perfect for roommates or small families.

Average rent in Albany, NY

Last updated: August 01, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,749	784 sq. ft.
Studio	$1,244	390 sq. ft.
1 Bed	$1,623	710 sq. ft.
2 Beds	$1,780	920 sq. ft.
3 Beds	n/a	n/a

Albany, NY rent trends

Rental prices in Albany, NY have increased by 1.65% over the past year. The average rent moved from $1,720 to $1,749.

What's the typical rent budget in Albany, NY?

The largest share of rentals in Albany, NY (38%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Albany, NY?

27,413 or 62% of the households in Albany, NY are renter-occupied while 16,944 or 38% are owner-occupied.

Most affordable neighborhoods in Albany?

Washington Park $1,348/month

West Hill Spirit $1,417/month

Hudson Park $1,615/month

All of these neighborhoods fall below the city wide average of $1,749/month.

Most expensive neighborhoods in Albany?

Sheridan Hollow $1,944/month

Helderberg $2,052/month

Eagle Hill $2,236/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Albany, NY By Neighborhood

Neighborhood	Average Rent
Eagle Hill	$2,236
Helderberg	$2,052
Sheridan Hollow	$1,944
Downtown Albany	$1,921
Upper Washington	$1,905
Buckingham Pond - Crestwood	$1,662
Pine Hills	$1,645
Hudson Park	$1,615
West Hill Spirit	$1,417
Washington Park	$1,348

Albany | Rent Comparison by Neighborhood

Rent in Buckingham Pond - Crestwood is 13% lower than in Downtown Albany

$1,662

Buckingham Pond - Crestwood rent is 5% lower than Albany average

Average Rent $1,662

$1,921

Downtown Albany rent is 10% higher than Albany average

Average Rent $1,921

How Albany Compares to Other Cities

City	Average Rent
Albany	$1,749
New York City	$5,221
Manhattan	$5,673
Brooklyn	$4,681
Hudson Valley	$2,656
Buffalo	$1,452
Queens	$3,651
Ithaca	$2,310
Rochester	$1,548
Troy	$1,601
Syracuse	$1,724
Cohoes, NY	$2,013
Schenectady, NY	$1,484
Clifton Park, NY	$1,540
Halfmoon, NY	$1,674
Brunswick, NY	$1,695
Malta, NY	$2,084
Rensselaer, NY	$2,060

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Albany apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.