Average Rent in Albany, NY
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
Browse apartments in Albany, NYCheapest
$609/mo
Joseph L. Allen Apartments
Properties
117
tracked daily
Units
876
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 117 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 117 properties ranked by lowest available rent.
Joseph L. Allen Apartments
780 Albany St, Schenectady, NY 12307, 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
Knox Street Apartments
137 Knox St, Albany, NY 12208, USA
Block 75
1475 Washington Ave, Albany, NY 12206, USA
Incite at Troy
10 King St, Troy, NY 12180, 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 | Arrowhead Estates 325 Hamilton St, Albany, NY 12210, USA | $725 | $1,050 | $0.91/ft² | 1 (1) | 2 |
| 3 | Hillside Crossing Apartments 736 Albany St, Schenectady, NY 12307, USA | $802 | $922 | $0.97/ft² | 4.1 (13) | 6 |
| 4 | College Suites at Washington Square 117 Washington Ave, Schenectady, NY 12305, USA | $867 | $1,339 | $2.68/ft² | 3.6 (103) | 3 |
| 5 | Knox Street Apartments 137 Knox St, Albany, NY 12208, USA | $974 as of Oct 3 | $1,084 | $1.21/ft² | 4.1 (10) | 2 |
| 6 | Block 75 1475 Washington Ave, Albany, NY 12206, USA | $990 as of Oct 12 | $1,087 | -- | 3.6 (219) | 6 |
| 7 | Incite at Troy 10 King St, Troy, NY 12180, USA | $999 | $1,164 | $1.31/ft² | 4.8 (56) | 15 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
Joseph L. Allen Apartments
3.5 (6)780 Albany St, Schenectady, NY 12307, 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
College Suites at Washington Square
3.6 (103)117 Washington Ave, Schenectady, NY 12305, USA
Knox Street Apartments
4.1 (10)137 Knox St, Albany, NY 12208, USA
Block 75
3.6 (219)1475 Washington Ave, Albany, NY 12206, USA
By Area
Albany, NY neighborhoods
Tracked buildings across 33 named neighborhoods. Pick one to see its apartments.
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.
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 | $1.0M/mo | $2,517 / $2,206 | 97% | 481 |
| 2.Northside Village | $427K/mo | $1,595 / $1,644 | 87% | 300 |
| 3.The Hamlet at Saratoga Springs | $368K/mo | $2,789 / $2,185 | 92% | 143 |
| 4.Tall Oaks Apartments | $241K/mo | $1,725 / $1,564 | 99% | 156 |
| 5.Skyview Terraces | $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 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 | $4,969 | +143% | -0.5% | 25 |
| Utica, NY | $1,550 | -24% | -7.8% | 12 |
| Schenectady, NY | $1,862 | -9% | -8.7% | 11 |
| White Plains, NY | $3,595 | +76% | -2.3% | 11 |
| Cohoes, NY | $2,059 | +1% | +3.3% | 8 |
| 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.
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