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Cheap Apartments for Rent in Albany, NY - 58 Rentals available

Apartments Under $500

Apartments Under $1,000

  • Apartment
    16 Sheridan Avenue, Albany, NY 12210
    $925 - $1,895
    • Studio-3 Beds
    • 1 Baths
    RedBurn Property Services, LLC
    Available Today! Last updated 3 Jul 2020
    (518) 344-4543
  • Apartment
    88 Willett Street, Albany, NY 12210
    See current rent specials
    $980 - $1,520
    • Studio-3 Beds
    • 1-2 Baths
    Cole Group Realty
    Available Today! Last updated 3 Jul 2020
    (518) 463-8080

Apartments Under $1,500

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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 Population97,889
  • Female 46,109
    Male 51,780
  • Median Age31.2

Average Rent in Albany, NY

  • Albany, NY Average Rental Price, February 2020 $1,288 /mo

Albany, NY Apartment Rent Ranges

  • $501-$7001%
  • $701-$1,00026%
  • $1,001-$1,50052%
  • $1,501-$2,00014%
  • > $2,0007%

Albany, NY Rent Trends

Average Rent Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Feb / 2020
Albany, NY $1,211 $1,216 $1,251 $1,250 $1,266 $1,273 $1,288
National $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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Albany, NY Households

  • Total Number of Households41,207
  • Family 16,982
    Non-family 24,225
  • Children 8,612
    No Children 32,595
  • Average People Per Household2.12
  • Median Household Income$45,500
  • Median Housing Costs Per Month$1,000

Albany, NY Education Statistics

  • No High School3%
  • Some High School34%
  • Some College20%
  • Associate Degree8%
  • Bachelor Degree19%
  • 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 55 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 $1,288 per month so any rental south of $1,030 would be considered cheap here. On RENTCafé, Albany, NY rents go as low as $435/mo.

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