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
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.
Analysis
Rent Price Breakdown
Compare pricing across all 108 properties in Albany, NY.
Average rent trend, last 2 months
All bedroom types, citywide. Choose a window above to scope the view.
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.
Joseph L. Allen Apartments
780 Albany St, Schenectady, NY 12307, USA
Livingston School Apartments
315 Northern Blvd, Albany, NY 12210, USA
Hillside Crossing Apartments
736 Albany St, Schenectady, NY 12307, USA
College Suites at Washington Square
117 Washington Ave, Schenectady, NY 12305, USA
Edison Apartments
110-114 Union St, Schenectady, NY 12305, USA
College Suites at Hudson Valley
100 Morrison Ave, Troy, NY 12180, USA
Knox Street Apartments
137 Knox St, Albany, NY 12208, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Joseph L. Allen Apartments 780 Albany St, Schenectady, NY 12307, USA | $609 | $754 | $0.79 | 3.5 (6) | 5 |
| 2 | Livingston School Apartments 315 Northern Blvd, Albany, NY 12210, USA | $650 | $685 | $1.14 | 4.3 (60) | 2 |
| 3 | Hillside Crossing Apartments 736 Albany St, Schenectady, NY 12307, USA | $802 | $864 | $1.07 | 4.1 (13) | 4 |
| 4 | College Suites at Washington Square 117 Washington Ave, Schenectady, NY 12305, USA | $867 | $1,339 | $2.68 | 3.6 (103) | 3 |
| 5 | Edison Apartments 110-114 Union St, Schenectady, NY 12305, USA | $926 as of Jun 10 | $1,088 | $1.81 | 1.9 (14) | 2 |
| 6 | College Suites at Hudson Valley 100 Morrison Ave, Troy, NY 12180, USA | $950 | $950 | $3.80 | 4.3 (95) | 1 |
| 7 | Knox Street Apartments 137 Knox St, Albany, NY 12208, USA | $974 | $1,047 | $1.35 | 4.1 (10) | 3 |
Rent & Price History by Building
Joseph L. Allen Apartments
3.5 (6)780 Albany St, Schenectady, NY 12307, USA
Livingston School Apartments
4.3 (60)315 Northern Blvd, Albany, NY 12210, USA
Hillside Crossing Apartments
4.1 (13)736 Albany St, Schenectady, NY 12307, USA
College Suites at Washington Square
3.6 (103)117 Washington Ave, Schenectady, NY 12305, USA
Edison Apartments
1.9 (14)110-114 Union St, Schenectady, NY 12305, USA
College Suites at Hudson Valley
4.3 (95)100 Morrison Ave, Troy, NY 12180, USA
By Area
Albany, NY neighborhoods
Tracked buildings across 32 named neighborhoods. Pick one to see its apartments.
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.
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.
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