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Cheap Apartments for Rent in Albany, NY - 65 Rentals available

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Finding the right apartment as far as size and location go is one aspect of apartment searching, but making sure that it provides all that you need within a reasonable price is another. On RENTCafé, you can search for cheap apartments near you and ensure that you find one that suites your needs. Worried the neighborhood or city you are looking to move to is known to have higher rents? You can browse our listings and find the cheap apartments in any location, whether you are looking at a specific neighborhood, ZIP code, or city.

The perfect apartment for you is out there, either near you or anywhere in the U.S. that you are looking to move to. So, let's find the one that satisfies your wants and needs, but that also comes at an affordable price.

Frequently Asked Questions

What is the price of a cheap apartment in Albany, NY?

The price range of a cheap apartment is between $995 and $2,100. Find cheap apartments in Albany, NY.

How many cheap rentals are available in Albany, NY on RENTCafé?

There are 2 cheap rentals available on RENTCafé. Prices and availability in Albany, NY were last updated on 15 May 2021.

What is the average size of a cheap apartment in Albany, NY?

The average Albany, NY cheap apartment size is 798 sq. ft.

What are the advantages of renting a cheap apartment in Albany, NY?

Cheap apartments in Albany, NY are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.

What are the downsides of renting a cheap apartment in Albany, NY?

A cheap apartment in Albany, NY offers little storage space and fewer amenities compared to other apartments. You might be interested in studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RENTCafé apartments for rent in Albany, NY.

Renting a Cheap Apartment in Albany

New York’s state capital, one of the first New World settlements in 1614, has twice been voted an All-America City and is currently on an upswing of redevelopment. Nanotechnology jobs and the continued presence of state education, government and health care are among the major employment sectors. The Albany Plan revitalized the city’s downtown area. Lakes, streams, rolling hills and the Hudson River are notable features. Dozens of unique neighborhoods ranging from urban revitalization housing downtown to more suburban living on the outskirts of the city give the Albany renter lots of choices.

Albany, NY Demographics

  • Total Population97,478
  • Female 45,708
    Male 51,770
  • Median Age30.9

Average Rent in Albany, NY

  • Albany, NY Average Rental Price, May 2021 $1,302 /mo

Albany, NY Apartment Rent Ranges

  • $701-$1,00023%
  • $1,001-$1,50057%
  • $1,501-$2,00014%
  • > $2,0006%

Albany, NY Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 May / 2021
Albany, NY $1,211 $1,216 $1,251 $1,250 $1,266 $1,273 $1,288 $1,295 $1,299 $1,302
National $1,313 $1,344 $1,353 $1,358 $1,390 $1,397 $1,399 $1,390 $1,393 $1,407

Albany, NY Households

  • Total Number of Households41,255
  • Family 16,979
    Non-family 24,276
  • Children 9,094
    No Children 32,161
  • Average People Per Household2.11
  • Median Household Income$45,825
  • Median Housing Costs Per Month$1,028

Albany, NY Education Statistics

  • No High School3%
  • Some High School32%
  • Some College19%
  • Associate Degree9%
  • Bachelor Degree20%
  • Graduate Degree16%

Looking for a cheap apartment for rent in Albany, NY? With RENTCafé, finding an affordable apartment in Albany, NY has never been easier. We feature 65 low-priced rentals directly from property managers, with rents lower than the Albany, NY average. What is a cheap rent in Albany, NY? The average apartment rent in Albany is $1,302 per month so any rental south of $1,042 would be considered cheap here. On RENTCafé, Albany, NY rents go as low as $650/mo.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!