# Average Rent in Albany, NY

> How much is rent in Albany, NY? $1,830 median across 876 units in 117 buildings, each with a daily price history and a citywide trend, tracked daily.

Canonical: https://average-rent.com/city/albany-ny/

Latest included observation: November 8, 2026

## What is the average rent in Albany, NY?

The average listed apartment rent in Albany, NY is $2,045 per month, as of November 8, 2026. This sample includes 876 priced apartments in 117 buildings. These are tracked asking prices, not signed leases.

We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from November 4, 2026 through November 8, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.

117 apartment buildings, 876 units. Recorded asking prices and price history where available. 9 building guides have protected prices with [Average Rent Pro](https://whop.com/work4coins-llc/average-rent-pro/)

[Browse apartments in Albany, NY](https://average-rent.com/city/albany-ny/apartments/)

Avg Rent

$2,045/mo

median $1,830

[+3.6% vs last month](https://average-rent.com/city/albany-ny/trends/)

Cheapest

$609/mo

Joseph L. Allen Apartments

Properties

117

tracked daily

Units

876

available now

[See cheapest & most expensive neighborhoods on the map](https://average-rent.com/city/albany-ny/rent-map/) [View rent trends and price history](https://average-rent.com/city/albany-ny/trends/) [Explore Albany, NY on the interactive map](https://average-rent.com/search/#city=albany-ny)

[Albany, NY Resident Access](https://average-rent.com/city/albany-ny/resident-access/): City Club members share insider gate codes, parking links, and amenity tips. View

Analysis

## Rent Price Breakdown

Compare pricing across all 117 properties in Albany, NY.

Timeframe

## Average rent trend, last 3 months

All bedroom types, citywide. Choose a window above to scope the view.

$1,828

Average rent today

Line chart of average rent in Albany, NY over the last 3 months. Started at $1,775, ended at $1,828.

### Average rent trend, last 3 months

| Date or category | Average monthly rent (USD) |
| --- | --- |
| Aug | 1,775 |
| Aug | 1,784 |
| Aug | 1,792 |
| Aug | 1,782 |
| Sep | 1,802 |
| Sep | 1,793 |
| Sep | 1,821 |
| Sep | 1,789 |
| Oct | 1,775 |
| Oct | 1,790 |
| Oct | 1,789 |
| Oct | 1,806 |
| Oct | 1,821 |
| Nov | 1,828 |

[Full Albany, NY price history](https://average-rent.com/city/albany-ny/trends/)

### Average Rent by Property

### Starting Price vs Average

### Rent by Bedroom Count

### Price per Square Foot

## Albany, NY Rent Prices

All 117 properties ranked by lowest available rent.

[#1 3.5 (6)](https://average-rent.com/city/albany-ny/joseph-l-allen-apartments-albany-ny/): Joseph L. Allen Apartments 780 Albany St, Schenectady, NY 12307, USA From $609/mo Avg $754 5 units

[#2 1 (1)](https://average-rent.com/city/albany-ny/arrowhead-estates-albany-ny/): Arrowhead Estates 325 Hamilton St, Albany, NY 12210, USA From $725/mo Avg $1,050 2 units

[#3 4.1 (13)](https://average-rent.com/city/albany-ny/hillside-crossing-apartments-albany-ny/): Hillside Crossing Apartments 736 Albany St, Schenectady, NY 12307, USA From $802/mo Avg $922 6 units

[#4 3.6 (103)](https://average-rent.com/city/albany-ny/college-suites-at-washington-square-albany-ny/): College Suites at Washington Square 117 Washington Ave, Schenectady, NY 12305, USA From $867/mo Avg $1,339 3 units

[#5 4.1 (10)](https://average-rent.com/city/albany-ny/knox-street-apartments-albany-ny/): Knox Street Apartments 137 Knox St, Albany, NY 12208, USA From $974/mo as of Oct 3 Avg $1,084 2 units

[#6 3.6 (219)](https://average-rent.com/city/albany-ny/block-75-albany-ny/): Block 75 1475 Washington Ave, Albany, NY 12206, USA From $990/mo as of Oct 12 Avg $1,087 6 units

[#7 4.8 (56)](https://average-rent.com/city/albany-ny/incite-at-troy-albany-ny/): Incite at Troy 10 King St, Troy, NY 12180, USA From $999/mo Avg $1,164 15 units

| # | Property | From | Avg | $/sqft | Rating | Units |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | [Joseph L. Allen Apartments 780 Albany St, Schenectady, NY 12307, USA](https://average-rent.com/city/albany-ny/joseph-l-allen-apartments-albany-ny/) | $609 | $754 | $0.79/ft² | 3.5 (6) | 5 |
| 2 | [Arrowhead Estates 325 Hamilton St, Albany, NY 12210, USA](https://average-rent.com/city/albany-ny/arrowhead-estates-albany-ny/) | $725 | $1,050 | $0.91/ft² | 1 (1) | 2 |
| 3 | [Hillside Crossing Apartments 736 Albany St, Schenectady, NY 12307, USA](https://average-rent.com/city/albany-ny/hillside-crossing-apartments-albany-ny/) | $802 | $922 | $0.97/ft² | 4.1 (13) | 6 |
| 4 | [College Suites at Washington Square 117 Washington Ave, Schenectady, NY 12305, USA](https://average-rent.com/city/albany-ny/college-suites-at-washington-square-albany-ny/) | $867 | $1,339 | $2.68/ft² | 3.6 (103) | 3 |
| 5 | [Knox Street Apartments 137 Knox St, Albany, NY 12208, USA](https://average-rent.com/city/albany-ny/knox-street-apartments-albany-ny/) | $974 as of Oct 3 | $1,084 | $1.21/ft² | 4.1 (10) | 2 |
| 6 | [Block 75 1475 Washington Ave, Albany, NY 12206, USA](https://average-rent.com/city/albany-ny/block-75-albany-ny/) | $990 as of Oct 12 | $1,087 | -- | 3.6 (219) | 6 |
| 7 | [Incite at Troy 10 King St, Troy, NY 12180, USA](https://average-rent.com/city/albany-ny/incite-at-troy-albany-ny/) | $999 | $1,164 | $1.31/ft² | 4.8 (56) | 15 |

## Rent & Price History by Building

Compare apartment listings by price, bedrooms, and neighborhood.

[Browse all apartments](https://average-rent.com/city/albany-ny/apartments/)

[Joseph L. Allen Apartments](https://average-rent.com/city/albany-ny/joseph-l-allen-apartments-albany-ny/): ![Joseph L. Allen Apartments apartments in Albany, NY](https://average-rent.com/api/photo/p/12709?w=600) 3.5 (6) 780 Albany St, Schenectady, NY 12307, USA From $609/mo 5 units

[Arrowhead Estates](https://average-rent.com/city/albany-ny/arrowhead-estates-albany-ny/): ![Arrowhead Estates apartments in Albany, NY](https://average-rent.com/api/photo/p/5798?w=600) 1 (1) 325 Hamilton St, Albany, NY 12210, USA From $725/mo 2 units

[Hillside Crossing Apartments](https://average-rent.com/city/albany-ny/hillside-crossing-apartments-albany-ny/): ![Hillside Crossing Apartments apartments in Albany, NY](https://average-rent.com/api/photo/p/12564?w=600) 4.1 (13) 736 Albany St, Schenectady, NY 12307, USA From $802/mo 6 units

[College Suites at Washington Square](https://average-rent.com/city/albany-ny/college-suites-at-washington-square-albany-ny/): ![College Suites at Washington Square apartments in Albany, NY](https://average-rent.com/api/photo/p/12693?w=600) 3.6 (103) 117 Washington Ave, Schenectady, NY 12305, USA From $867/mo 3 units

[Knox Street Apartments](https://average-rent.com/city/albany-ny/knox-street-apartments-albany-ny/): ![Knox Street Apartments apartments in Albany, NY](https://average-rent.com/api/photo/p/12373?w=600) 4.1 (10) 137 Knox St, Albany, NY 12208, USA From $974/mo prices as of Oct 3 2 units

[Block 75](https://average-rent.com/city/albany-ny/block-75-albany-ny/): ![Block 75 apartments in Albany, NY](https://average-rent.com/api/photo/p/5797?w=600) 3.6 (219) 1475 Washington Ave, Albany, NY 12206, USA From $990/mo prices as of Oct 12 6 units

[Browse all Albany, NY apartments](https://average-rent.com/city/albany-ny/apartments/)

By Area

## Albany, NY neighborhoods

Tracked buildings across 33 named neighborhoods. Pick one to see its apartments.

[Clifton Park 12065 13](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Clifton%20Park%2012065)[Troy 12180 12](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Troy%2012180)[Ballston Spa 12020 10](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Ballston%20Spa%2012020)[Albany 12203 8](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Albany%2012203)[Buckingham Lake 7](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Buckingham%20Lake)[Latham 12110 7](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Latham%2012110)[Albany 12205 6](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Albany%2012205)[Albany 12206 6](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Albany%2012206)[Guilderland 12084 6](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Guilderland%2012084)[East Greenbush 12061 5](https://average-rent.com/city/albany-ny/apartments/?neighborhood=East%20Greenbush%2012061)[Schenectady 12302 5](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Schenectady%2012302)[Schenectady 12303 5](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Schenectady%2012303)[Schenectady 12306 5](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Schenectady%2012306)[Schenectady 12308 5](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Schenectady%2012308)[Slingerlands 12159 5](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Slingerlands%2012159)[Altamont 12009 4](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Altamont%2012009)[Ballston Lake 12019 4](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Ballston%20Lake%2012019)[Menands 12204 4](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Menands%2012204)[Schenectady 12305 4](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Schenectady%2012305)[Cohoes 12047 3](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Cohoes%2012047)[Delmar 3](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Delmar)[Niskayuna 12309 3](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Niskayuna%2012309)[Rensselaer 12144 3](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Rensselaer%2012144)[Second Avenue 3](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Second%20Avenue)[Ten Broeck Triangle 3](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Ten%20Broeck%20Triangle)[Mechanicville 12118 2](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Mechanicville%2012118)[Saratoga Springs 12866 2](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Saratoga%20Springs%2012866)[Waterford 12188 2](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Waterford%2012188)[Arbor Hill 1](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Arbor%20Hill)[Glenmont 1](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Glenmont)[Schenectady 12304 1](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Schenectady%2012304)[Selkirk 12158 1](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Selkirk%2012158)[Watervliet 12189 1](https://average-rent.com/city/albany-ny/apartments/?neighborhood=Watervliet%2012189)

[Compare neighborhood rents on the Albany, NY rent map](https://average-rent.com/city/albany-ny/rent-map/)

## Albany, NY Average Rent Prices 2026

The average listed rent in Albany, NY is **$2,045 per month**, based on 876 units across 117 apartment communities. Prices range from $609 at Joseph L. Allen Apartments to $31,356 at Clinton Avenue Apartments.

### Average Rent by Bedroom Type

| Type | Avg Rent | Starting From | Units |
| --- | --- | --- | --- |
| Studio | $3,741/mo | $609/mo | 38 |
| 1 Bed | $1,726/mo | $702/mo | 335 |
| 2 Bed | $2,092/mo | $802/mo | 418 |
| 3 Bed | $2,242/mo | $999/mo | 60 |
| 4 Bed | $3,580/mo | $867/mo | 6 |

We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage.

Paste this where you want the live widget. Free to use with the attribution link.

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Building Economics

## How much do Albany, NY apartments earn?

The 14 buildings we can estimate generate about **$2.8M** in rental revenue per month ($34M a year). Estimated from each building's unit-level listing and leasing activity.

| Building | Est. Monthly Revenue | Asking / Leased | Est. Occupancy | Units |
| --- | --- | --- | --- | --- |
| [1.GrandeVille at Malta](https://average-rent.com/city/albany-ny/grandeville-at-malta-albany-ny/#revenue-section) | $1.0M/mo | $2,517 / $2,206 | 97% | 481 |
| [2.Northside Village](https://average-rent.com/city/albany-ny/northside-village-albany-ny/#revenue-section) | $427K/mo | $1,595 / $1,644 | 87% | 300 |
| [3.The Hamlet at Saratoga Springs](https://average-rent.com/city/albany-ny/the-hamlet-at-saratoga-springs-albany-ny/#revenue-section) | $368K/mo | $2,789 / $2,185 | 92% | 143 |
| [4.Tall Oaks Apartments](https://average-rent.com/city/albany-ny/tall-oaks-apartments-albany-ny/#revenue-section) | $241K/mo | $1,725 / $1,564 | 99% | 156 |
| [5.Skyview Terraces](https://average-rent.com/city/albany-ny/skyview-terraces-albany-ny/#revenue-section) | $165K/mo | $1,535 / $1,558 | 95% | 112 |
| 9 more estimated buildings | $580K/mo | | | |

Research estimates from listing activity, not operator financials. Asking is the average listed rent; leased is the average rent at which units left the market. Click any building for the full revenue breakdown and methodology.

Market Context

## Who rents in Albany, NY, and what they pay

Tracked one-bedroom rent in Albany, NY averages **$1,726/mo** , with two-bedroom units averaging **$2,092/mo**. At the local median household income of **$59,485**, that works out to **41% of gross income**, a severely rent-burdened market by HUD standards.

The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Albany, NY at **$1,178/mo**. The [current tracked market average](https://average-rent.com/city/albany-ny/trends/) runs **74% higher than** that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Albany, NY while the tracked market average covers units currently listed in larger apartment communities.

## What salary do I need to live comfortably in Albany, NY?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$82,000/year

Based on the 30 percent rule, using our tracked average rent of $2,045/mo.

Comfortable income

$98,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($609/mo), you need to earn at least **$24,000/year**.

Median household income in Albany, NY is **$59,485** , about 39% below the comfortable-living threshold.

## Cost of living in Albany, NY

Overall prices in Albany, NY runs below the national average by about 2% (BEA Regional Price Parity index 98.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Albany, NY's regional price parities.

| Category | Monthly estimate |
| --- | --- |
| Rent (market average) | $2,045 |
| Utilities | $399 |
| Groceries | $526 |
| Transportation | $951 |
| Healthcare | $464 |
| Other goods and services | $743 |
| Estimated total | $5,128/mo |

Population

100,081

Median household income

$59,485

Census median rent

$1,178/mo

Census rent burden

30.0%

Median age

31.9

Mean commute

20 min

## Methodology

Rent data

We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Compare

## Nearby cities in New York

How Albany, NY rent compares to other markets in the state.

| City | Avg Rent | vs Albany, NY | 30-Day Change | Properties |
| --- | --- | --- | --- | --- |
| [Brooklyn, NY](https://average-rent.com/city/brooklyn-ny/) | $4,969 | +143% | -0.5% | 25 |
| [Utica, NY](https://average-rent.com/city/utica-ny/) | $1,550 | -24% | -7.8% | 12 |
| [Schenectady, NY](https://average-rent.com/city/schenectady-ny/) | $1,862 | -9% | -8.7% | 11 |
| [White Plains, NY](https://average-rent.com/city/white-plains-ny/) | $3,595 | +76% | -2.3% | 11 |
| [Cohoes, NY](https://average-rent.com/city/cohoes-ny/) | $2,059 | +1% | +3.3% | 8 |
| [New Rochelle, NY](https://average-rent.com/city/new-rochelle-ny/) | $3,284 | +61% | +10.4% | 8 |

## Frequently asked questions

### What is the average rent in Albany, NY?

The average listed apartment rent in Albany, NY is $2,045 per month, as of November 8, 2026. This sample includes 876 priced apartments in 117 buildings. These are tracked asking prices, not signed leases.

### What is the median rent in Albany, NY?

The median asking rent in Albany, NY is $1,830 per month, computed from 876 priced listings; check the observation dates shown on this page. The average is $2,045/mo; the median resists skew from luxury listings.

### What is the cheapest apartment rent in Albany, NY?

The lowest available rent in Albany, NY starts at $609 per month. Confirm current availability, fees, and lease terms with the selected listing.

### How much is a 1-bedroom apartment in Albany, NY?

1-bedroom apartments in Albany, NY average $1,726/mo. The lowest listed 1-bedroom starts at $702/mo across 335 units tracked.

### How much is a 2-bedroom apartment in Albany, NY?

2-bedroom apartments in Albany, NY average $2,092/mo. Units start from $802/mo across 418 units currently listed.

## Rent Trends in Albany, NY

Track how apartment prices are changing over time.

[View Rent Trends](https://average-rent.com/city/albany-ny/trends/)

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