Apartments for Rent in Albany, NY

Prices and availability in Albany, NY were last updated on 11 Sep 2026.

The best apartments in Albany, NY are: Abraxas at 90 State, Crestwood Townhomes, Tivoli Park Apartments, Capitol Crossings and The Knick.

The average rent in Albany, NY is $1,691.

The price range for a studio apartment in Albany, NY is between $850 and $2,295.

The price range for a 1-bedroom apartment in Albany, NY is between $800 and $2,296.

The price range for a 2-bedroom apartment in Albany, NY is between $850 and $4,861.

The price range for a 3-bedroom apartment in Albany, NY is between $900 and $2,995.

In Albany, 62% of the residents are renting compared to 38% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 14% of Albany's rentals, 80% are small-scale complexes with under 50 units, and 5% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Albany are about 48 years old, on average. Of these, 23% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 5 stories. About 67% of the rental communities here are low-rise, garden-style communities, 23% are mid-rises, and 16% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Albany come in a range of sizes and floorplans. Studio apartments represent 12% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 43% of the total apartments in the city, while 2-bedroom floorplans represent around 38% of all rentals in Albany. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.