Albany, OR Rental Market Trends

Highlights

The average rent for an apartment in Albany is $1,100, a 6% increase compared to the previous year, when the average rent was $1,034.

Average Rent in Albany, OR

Last updated November 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,100	6%	875 sq. ft.

The average size for a Albany, OR apartment is 875 square feet, but this number varies greatly depending on apartment type. 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, OR Apartment Rent Ranges

$501-$7001%
$701-$1,00032%
$1,001-$1,50061%
$1,501-$2,0006%

Albany, OR Occupied Housing Units

Renter-occupied Households33%
Owner-occupied Households66%

8,052 or 33% of the households in Albany, OR are renter-occupied while 15,870 or 66% are owner-occupied.

Albany, OR Rent Trends

Average Rent	Nov / 2016	Mar / 2017	Jul / 2017	Nov / 2017	Mar / 2018	Jul / 2018	Nov / 2018	Mar / 2019	Jul / 2019	Nov / 2019
Albany, OR	$942	$932	$955	$971	$990	$990	$1,034	$1,034	$1,074	$1,100
National	$1,353	$1,349	$1,381	$1,383	$1,386	$1,421	$1,430	$1,434	$1,470	$1,476

How Does Albany Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Albany City	$1,100	6%
Albany	$1,100	6%
Lebanon	$1,084	6%
Lebanon City	$1,084	6%

For more information about the Albany rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

View more properties

The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Albany apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.