Albany, NY Rental Market Trends
What is the average rent in Albany?
The average rent for an apartment in Albany is $1,603. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Albany, NY
|Average Rent||Average Apartment Size|
|$1,603||868 sq. ft.|
What is the average apartment size in Albany?
The average size for a Albany, NY apartment is 868 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
26,302 or 62% of the households in Albany, NY are renter-occupied while 16,200 or 38% are owner-occupied.
Albany, NY rent trends
Average Rent in Albany, NY By Neighborhood
|Buckingham Pond - Crestwood||$1,751|
|South End Albany||$1,709|
|West Hill Spirit||$1,679|
|Ten Broeck Triangle||$1,560|
|Shaker - Bishop's Gate||$1,280|
|West End Albany||$1,264|
What are the most affordable neighborhoods in Albany?
The most affordable neighborhoods in Albany are Historic Pastures, where the average rent goes for $1,264/month, Kenwood, where renters pay $1,264/mo on average, and Lincoln Park, where the average rent goes for $1,264/mo. If you’re looking for other great deals, check out the listings from Mansion ($1,264), Mount Hope ($1,264), and Second Avenue ($1,264), where the asking prices are below the average Albany rent of $1,603/mo.
What are the most expensive neighborhoods in Albany?
The most expensive neighborhoods in Albany are Normanskill ($2,115), Park South ($2,115) and Whitehall ($2,115).
What are the most popular neighborhoods in Albany?
The most popular neighborhood in Albany is Sheridan Hollow, where there are 9 listings with an average rent of $1,560. Next up is Center Square, where apartments go for $1,479/month, followed by Hudson Park with $1,407 If you’re looking to rent in Albany’s most popular neighborhoods, make sure to also check out Washington Park, where renters pay $1,612 on average, and Downtown Albany, where the average monthly rent is $1,658.
Albany | Rent Comparison by Neighborhood
Rent in Arbor Hill is 9% lower than in Beverwyck
Arbor Hill rent is 3% lower than Albany average
Beverwyck rent is 7% higher than Albany average
How Albany Compares to Other Cities