Albany, NY Rental Market Trends
What is the average rent in Albany?
The average rent for an apartment in Albany is $1,701. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Albany, NY
Average Rent | Average Apartment Size |
---|---|
$1,701 | 870 sq. ft. |
What is the average apartment size in Albany?
The average size for a Albany, NY apartment is 870 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.
Albany, NY apartment rent ranges
Albany, NY Occupied Housing Units
27,474 or 63% of the households in Albany, NY are renter-occupied while 15,961 or 37% are owner-occupied.
Albany, NY rent trends
Average Rent in Albany, NY By Neighborhood
City | Average Rent |
---|---|
Beverwyck | $1,816 |
New Scotland | $1,806 |
Normanskill | $1,806 |
Park South | $1,806 |
Whitehall | $1,806 |
South End Albany | $1,785 |
Upper Washington | $1,785 |
Downtown Albany | $1,770 |
West Hill Spirit | $1,748 |
Washington Square | $1,703 |
Buckingham Pond - Crestwood | $1,677 |
Helderberg | $1,677 |
Pine Hills | $1,677 |
Dunes | $1,642 |
Eagle Hill | $1,621 |
Manning Boulevard | $1,621 |
Melrose | $1,621 |
Arbor Hill | $1,602 |
Sheridan Hollow | $1,602 |
Ten Broeck Triangle | $1,602 |
Washington Park | $1,600 |
Center Square | $1,488 |
Shaker Park | $1,438 |
Hudson Park | $1,437 |
Shaker - Bishop's Gate | $1,398 |
Historic Pastures | $1,314 |
Kenwood | $1,314 |
Lincoln Park | $1,314 |
Mansion | $1,314 |
Mount Hope | $1,314 |
Second Avenue | $1,314 |
West End Albany | $1,314 |
What are the most affordable neighborhoods in Albany?
The most affordable neighborhoods in Albany are Historic Pastures, where the average rent goes for $1,314/month, Kenwood, where renters pay $1,314/mo on average, and Lincoln Park, where the average rent goes for $1,314/mo. If you’re looking for other great deals, check out the listings from Mansion ($1,314), Mount Hope ($1,314), and Second Avenue ($1,314), where the asking prices are below the average Albany rent of $1,701/mo.
What are the most expensive neighborhoods in Albany?
The most expensive neighborhoods in Albany are Park South ($1,806), Whitehall ($1,806) and Beverwyck ($1,816).
What are the most popular neighborhoods in Albany?
The most popular neighborhood in Albany is Sheridan Hollow, where there are 10 listings with an average rent of $1,602. Next up is Center Square, where apartments go for $1,488/month, followed by Hudson Park with $1,437 If you’re looking to rent in Albany’s most popular neighborhoods, make sure to also check out Washington Park, where renters pay $1,600 on average, and Downtown Albany, where the average monthly rent is $1,770.
Albany | Rent Comparison by Neighborhood
Rent in Arbor Hill is 12% lower than in Beverwyck
Arbor Hill rent is 6% lower than Albany average
Beverwyck rent is 7% higher than Albany average
How Albany Compares to Other Cities
State | Average Rent |
---|---|
New York City | $4,566 |
Manhattan | $4,939 |
Hudson Valley | $2,215 |
Brooklyn | $3,694 |
Bronx | $1,891 |
Queens | $3,051 |
Ithaca | $2,136 |
Buffalo | $1,394 |
Albany | $1,701 |
Amityville | $2,545 |
Poughkeepsie | $1,981 |
Troy | $1,558 |
Schenectady | $1,336 |
Clifton Park | $1,461 |
Cohoes | $1,929 |
Halfmoon | $1,498 |
Brunswick | $1,558 |
Malta | $1,677 |
Watervliet | $1,416 |