Average Rent in Albany, NY
106 apartment buildings, 753 units. Daily asking prices with rent history for every building. 9 more available with Average Rent Pro
Cheapest
$609/mo
Joseph L. Allen Apartments
Properties
106
tracked daily
Units
753
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 106 properties in Albany, NY.
Average rent trend, last 3 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 106 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
Heritage Village
101 Steuben Dr, Guilderland, NY 12084, USA
The Kensey on Elliot
50 Elliot Rd, East Greenbush, NY 12061, USA
Arrowhead Estates
325 Hamilton St, 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
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Joseph L. Allen Apartments 780 Albany St, Schenectady, NY 12307, USA | $609 | $754 | $0.79/ft² | 3.5 (6) | 5 |
| 2 | Livingston School Apartments 315 Northern Blvd, Albany, NY 12210, USA | $650 | $685 | $1.14/ft² | 4.3 (60) | 2 |
| 3 | Heritage Village 101 Steuben Dr, Guilderland, NY 12084, USA | $659 | $659 | -- | 3.4 (134) | 1 |
| 4 | The Kensey on Elliot 50 Elliot Rd, East Greenbush, NY 12061, USA | $659 | $659 | -- | 4.6 (21) | 1 |
| 5 | Arrowhead Estates 325 Hamilton St, Albany, NY 12210, USA | $725 | $1,050 | $0.91/ft² | 1 (1) | 2 |
| 6 | Hillside Crossing Apartments 736 Albany St, Schenectady, NY 12307, USA | $802 | $864 | $1.07/ft² | 4.1 (13) | 4 |
| 7 | College Suites at Washington Square 117 Washington Ave, Schenectady, NY 12305, USA | $867 | $1,339 | $2.68/ft² | 3.6 (103) | 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
Heritage Village
3.4 (134)101 Steuben Dr, Guilderland, NY 12084, USA
The Kensey on Elliot
4.6 (21)50 Elliot Rd, East Greenbush, NY 12061, USA
Arrowhead Estates
1 (1)325 Hamilton St, Albany, NY 12210, USA
Hillside Crossing Apartments
4.1 (13)736 Albany St, Schenectady, NY 12307, USA
By Area
Albany, NY neighborhoods
Tracked buildings across 35 named neighborhoods. Pick one to see its apartments.
Albany, NY Average Rent Prices 2026
The average rent in Albany, NY is $1,904 per month, based on 753 units across 106 apartment communities. Prices range from $609 at Joseph L. Allen Apartments to $4,836 at The Hamlet at Saratoga Springs.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $2,038/mo | $609/mo | 69 |
| 1 Bed | $1,731/mo | $702/mo | 302 |
| 2 Bed | $2,007/mo | $802/mo | 322 |
| 3 Bed | $2,232/mo | $999/mo | 51 |
| 4 Bed | $1,178/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 8 buildings we can estimate generate about $1.2M in rental revenue per month ($15M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Asking / Leased | Est. Occupancy | Units |
|---|---|---|---|---|
| 1.Northside Village | $432K/mo | $1,611 / $1,643 | 88% | 300 |
| 2.Tall Oaks Apartments | $245K/mo | $1,375 / $1,578 | 99% | 156 |
| 3.Iron Point Apartments | $165K/mo | $1,725 / $1,575 | 97% | 108 |
| 4.Skyview Terraces | $153K/mo | $1,608 / $1,432 | 96% | 112 |
| 5.Graystone Apartments | $89K/mo | $1,541 / $1,683 | 98% | 54 |
| 3 more estimated buildings | $126K/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 $1,731/mo, with two-bedroom units averaging $2,007/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 $1,904/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) | $1,904 |
| Utilities | $399 |
| Groceries | $526 |
| Transportation | $951 |
| Healthcare | $464 |
| Other goods and services | $743 |
| Estimated total | $4,987/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
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 | $5,149 | +170% | -6.8% | 20 |
| Utica, NY | $1,746 | -8% | +0.4% | 12 |
| White Plains, NY | $3,322 | +74% | 0% | 10 |
| New Rochelle, NY | $3,183 | +67% | +9% | 9 |
| Rochester, NY | $1,639 | -14% | -3.7% | 9 |
| Schenectady, NY | $1,895 | 0% | +0.3% | 9 |
Frequently asked questions
What is the average rent in Albany, NY?
The average rent in Albany, NY is $1,904 per month, based on 753 units across 106 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 $1,855 per month, computed from 753 live listed units and refreshed daily. The average is $1,904/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 $1,731/mo. The lowest listed 1-bedroom starts at $702/mo across 302 units tracked.
How much is a 2-bedroom apartment in Albany, NY?
2-bedroom apartments in Albany, NY average $2,007/mo. Units start from $802/mo across 322 units currently listed.
Rent Trends in Albany, NY
Track how apartment prices are changing over time.
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