Skip to content
Updated

Average Rent in Albany, NY

108 apartment buildings, 723 units. Daily asking prices with rent history for every building. 50 more available with Average Rent Pro

Avg Rent

$1,906/mo

median $1,858

-5% vs last month

Cheapest

$609/mo

Joseph L. Allen Apartments

Properties

108

tracked daily

Units

723

available now

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 108 properties in Albany, NY.

Timeframe

Average rent trend, last 2 months

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

$1,805
Average rent today
Average rent trend in Albany, NY $1,750$1,867$1,983$2,100 Jun 4Jun 18Jul 2Jul 16Jul 30

Full Albany, NY price history

Average Rent by Property

Starting Price vs Average

Rent by Bedroom Count

Price per Square Foot

Albany, NY Rent Prices

All 108 properties ranked by lowest available rent.

#1 3.5 (6)

Joseph L. Allen Apartments

780 Albany St, Schenectady, NY 12307, USA

From $609/mo
Avg $754 5 units
#2 4.3 (60)

Livingston School Apartments

315 Northern Blvd, Albany, NY 12210, USA

From $650/mo
Avg $685 2 units
#3 4.1 (13)

Hillside Crossing Apartments

736 Albany St, Schenectady, NY 12307, USA

From $802/mo
Avg $864 4 units
#4 3.6 (103)

College Suites at Washington Square

117 Washington Ave, Schenectady, NY 12305, USA

From $867/mo
Avg $1,339 3 units
#5 1.9 (14)

Edison Apartments

110-114 Union St, Schenectady, NY 12305, USA

From $926/moas of Jun 10
Avg $1,088 2 units
#6 4.3 (95)

College Suites at Hudson Valley

100 Morrison Ave, Troy, NY 12180, USA

From $950/mo
Avg $950 1 units
#7 4.1 (10)

Knox Street Apartments

137 Knox St, Albany, NY 12208, USA

From $974/mo
Avg $1,047 3 units

Rent & Price History by Building

Joseph L. Allen Apartments apartments in Albany, NY

Joseph L. Allen Apartments

3.5 (6)

780 Albany St, Schenectady, NY 12307, USA

From $609/mo
5 units
Livingston School Apartments apartments in Albany, NY

Livingston School Apartments

4.3 (60)

315 Northern Blvd, Albany, NY 12210, USA

From $650/mo
2 units
Hillside Crossing Apartments apartments in Albany, NY

Hillside Crossing Apartments

4.1 (13)

736 Albany St, Schenectady, NY 12307, USA

From $802/mo
4 units
College Suites at Washington Square apartments in Albany, NY

College Suites at Washington Square

3.6 (103)

117 Washington Ave, Schenectady, NY 12305, USA

From $867/mo
3 units
Edison Apartments apartments in Albany, NY

Edison Apartments

1.9 (14)

110-114 Union St, Schenectady, NY 12305, USA

From $926/mo prices as of Jun 10
2 units
College Suites at Hudson Valley apartments in Albany, NY

College Suites at Hudson Valley

4.3 (95)

100 Morrison Ave, Troy, NY 12180, USA

From $950/mo
1 units

By Area

Albany, NY neighborhoods

Tracked buildings across 32 named neighborhoods. Pick one to see its apartments.

Compare neighborhood rents on the Albany, NY rent map

Albany, NY Average Rent Prices 2026

The average rent in Albany, NY is $1,906 per month, based on 723 units across 108 apartment communities. Prices range from $609 at Joseph L. Allen Apartments to $3,655 at GrandeVille at Malta.

Average Rent by Bedroom Type

Type Avg Rent Starting From Units
Studio $1,921/mo $609/mo 66
1 Bed $1,761/mo $702/mo 303
2 Bed $2,012/mo $802/mo 294
3 Bed $2,267/mo $999/mo 51
4 Bed $1,152/mo $867/mo 9

Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.

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

Preview

Building Economics

How much do Albany, NY apartments earn?

The 11 buildings we can estimate generate about $2.7M in rental revenue per month ($32M a year). Estimated from each building's unit-level listing and leasing activity.

Building Est. Monthly Revenue Asking / Leased Est. Occupancy Units
1.The Lofts at Saratoga Blvd $701K/mo $2,700 / $2,532 100% 278
2.Northside Village $431K/mo $1,610 / $1,640 88% 300
3.The Rise | Midtown Square $372K/mo $2,240 / $2,010 97% 190
4.Tall Oaks Apartments $230K/mo $1,661 / $1,546 96% 156
5.The Rise | Pine Hills $211K/mo $1,950 / $1,950 99% 109

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 $1,761/mo, with two-bedroom units averaging $2,012/mo. At the local median household income of $59,485, that works out to 38% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.

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 runs 62% 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

$76,000/year

Based on the 30 percent rule, using our tracked average rent of $1,906/mo.

Comfortable income

$91,000/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 35% 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) $1,906
Utilities $399
Groceries $526
Transportation $951
Healthcare $464
Other goods and services $743
Estimated total $4,989/mo

Population

100,081

Median household income

$59,485

Census median rent

$1,178/mo

Rent as % of income

30.0%

Median age

31.9

Mean commute

20 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

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

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

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 $4,996 +162% +10% 18
Utica, NY $1,642 -14% -80.6% 11
New Rochelle, NY $3,200 +68% -8% 9
Rochester, NY $1,688 -11% -1.2% 9
Schenectady, NY $1,923 +1% +5.7% 9
White Plains, NY $3,589 +88% +1.7% 9

Frequently asked questions

What is the average rent in Albany, NY?

The average rent in Albany, NY is $1,906 per month, based on 723 units across 108 apartment buildings tracked by Average Rent. Prices are refreshed daily.

What is the median rent in Albany, NY?

The median asking rent in Albany, NY is $1,858 per month, computed from 723 live listed units and refreshed daily. The average is $1,906/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. Availability changes daily and prices are refreshed each morning.

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

1-bedroom apartments in Albany, NY average $1,761/mo. The lowest listed 1-bedroom starts at $702/mo across 303 units tracked.

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

2-bedroom apartments in Albany, NY average $2,012/mo. Units start from $802/mo across 294 units currently listed.

Rent Trends in Albany, NY

Track how apartment prices are changing over time.

View Rent Trends
Adding new buildings daily

Missing your neighborhood?

Tell us where you're looking. We'll start tracking prices within 24 hours.

Get Started

Looking for the best deal?

Find Your Match