Last updated August 4, 2026

Average Rent in Albany, NY & Rent Trends

Rent prices and market trends across 104 apartment communities in Albany, NY. Updated daily.

Area All Areas Arbor Hill Buckingham Lake Delmar Downtown Second Avenue Ten Broeck Triangle Vale & Eastern Ave

Schenectady 12302 12303 12304 12305 12306

Albany 12203 12205 12206

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed 4 Bed

Market Average

$1,906/mo

▼ 5% from last month

Lowest Available

$609/mo

cheapest unit on market

Communities

104

tracked daily

Units Listed

720

available now

Price Cuts This Week in Albany, NY

128 listed units across 21 buildings in Albany, NY dropped their asking rent in the past 7 days, an average cut of $96/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
Steeplechase at Malta	Unit 7	$2,550	$1,800	$750
Harbour Point Gardens	Unit 158C	$1,595	$1,295	$300
Regency Park Apartments	Unit 10	$2,116	$1,855	$261
Oxford Heights	Unit 5	$2,847	$2,614	$233
Winner's Circle at Saratoga	Unit 108-07, Street Sense	$2,946	$2,723	$223
Winner's Circle at Saratoga	Unit 201-04, Street Sense	$2,946	$2,723	$223
Winner's Circle at Saratoga	Unit 203-04, Street Sense	$2,946	$2,723	$223
Winner's Circle at Saratoga	Unit 208-10, Sea Hero	$2,817	$2,594	$223

See today's prices on all 720 listed units

Rent by Neighborhood in Albany, NY

Compare average rent across Albany, NY neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map

Neighborhood	Avg Rent	30d Change	From	Properties	Units
Guilderland 12084	$2,900	▼ $42	$2,350	1	8
Ballston Lake 12019	$2,475	▲ $125	$2,475	1	1
Delmar	$2,408	$0	$1,365	2	14
Saratoga Springs 12866	$2,401	▲ $17	$2,086	2	19
Ballston Spa 12020	$2,243	▼ $189	$1,800	3	11
Latham 12110	$2,197	▲ $338	$1,249	6	36
Schenectady 12303	$2,084	▲ $111	$1,440	2	7
Albany 12203	$2,053	▲ $142	$1,417	5	50
Rensselaer 12144	$2,050	▲ $14	$1,715	3	4
Downtown	$2,040	▼ $94	$1,224	16	225
Cohoes 12047	$2,037	▼ $98	$1,247	3	12
Menands 12204	$1,987	▲ $57	$1,284	3	26
Ten Broeck Triangle	$1,937	▲ $69	$1,599	2	4
Second Avenue	$1,920	▲ $59	$1,000	4	45
Altamont 12009	$1,885	▼ $193	$1,435	2	11
Slingerlands 12159	$1,828	▲ $223	$1,485	3	17
Schenectady 12306	$1,779	▼ $29	$1,395	3	6
Clifton Park 12065	$1,769	▲ $102	$1,129	4	17
Schenectady 12302	$1,764	▼ $202	$1,595	1	5
Buckingham Lake	$1,723	▼ $140	$974	4	14
Schenectady 12304	$1,660	▼ $96	$1,565	2	3
Niskayuna 12309	$1,653	▲ $61	$1,230	5	55
Troy 12180	$1,597	▼ $117	$950	8	49
Guilderland Center 12085	$1,465	▼ $11	$1,345	1	3
Albany 12205	$1,443	▼ $299	$985	6	28
Waterford 12188	$1,435	▼ $652	$1,435	1	1
Watervliet 12189	$1,392	▲ $34	$1,153	1	4
Arbor Hill	$1,375	▼ $43	$1,375	1	1
Albany 12206	$1,362	▲ $128	$650	4	29
Schenectady 12305	$1,166	▲ $5,482	$609	4	11
Vale & Eastern Ave	$864	▼ $106	$802	1	4

Is Rent Going Up or Down in Albany, NY?

As of August 2026, the average rent in Albany, NY is $1,906 per month across 104 apartment communities and 720 available units. Rents have decreased $94 (5%) over the past month.

The most affordable option is Joseph L. Allen Apartments starting at $609/mo. By unit type, a studio averages $1,915/mo, a 1-bedroom averages $1,764/mo, a 2-bedroom averages $2,012/mo, a 3-bedroom averages $2,258/mo, a 4-bedroom averages $1,152/mo.

Prices range from $609 to $3,655 per month. The most common price point is the $1,800 range, where 137 units are currently listed.

Albany, NY Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
May 2026	$2,016	-	6
June 2026	$1,915	-$101	87
July 2026	$1,826	-$89	105
August 2026	$1,858	+$32	88

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Albany, NY

Studio

$1,915

from $609 · 65 units

1 Bed

$1,764

from $702 · 302 units

2 Bed

$2,012

from $802 · 294 units

3 Bed

$2,258

from $999 · 50 units

4 Bed

$1,152

from $867 · 9 units

Rent Prices by Apartment in Albany, NY

Property	Starting at	Average	Units	Rating
Joseph L. Allen Apartments	$609/mo	$754/mo	5	3.5
Livingston School Apartments	$650/mo	$685/mo	2	4.3
Hillside Crossing Apartments	$802/mo	$864/mo	4	4.1
College Suites at Washington Square	$867/mo	$1,339/mo	3	3.6
College Suites at Hudson Valley	$950/mo	$950/mo	1	4.3
Knox Street Apartments	$974/mo	$1,047/mo	3	4.1
Block 75	$985/mo	$985/mo	2	3.6
Incite at Troy	$999/mo	$1,174/mo	7	4.8
Abraxas at 90 State Apartments	$1,000/mo	$1,876/mo	31	4.4
Auden Albany	$1,049/mo	$1,145/mo	11	3.9
Foxrun Apartments	$1,129/mo	$1,387/mo	5	2.5
The Hudson	$1,145/mo	$1,258/mo	3	3.4
Highland Club Apartments	$1,153/mo	$1,392/mo	4	2.5
Willett Apartments	$1,165/mo	$1,165/mo	1	2.9
Hudson Pointe Apartments	$1,200/mo	$1,325/mo	9	2.5
Malta Pointe Apartments	$1,224/mo	$1,495/mo	11	2.5
Northside Village	$1,230/mo	$1,610/mo	37	4.1
Cohoes Falls	$1,247/mo	$1,438/mo	2	3.8
Skyview Terraces	$1,249/mo	$1,795/mo	5	4.1
Hampshire Apartments	$1,270/mo	$1,422/mo	3	4.8
Park Ridge Apartments	$1,275/mo	$1,411/mo	9	4.1
Riverhill Apartments	$1,284/mo	$1,575/mo	6	4.2
Harbour Point Gardens	$1,295/mo	$1,445/mo	4	3.7
Draper Lofts Apartments	$1,295/mo	$1,358/mo	2	3.9
London Square & Blue Spruce Apartments	$1,307/mo	$1,685/mo	19	3.4
Schaffer Heights	$1,313/mo	$1,313/mo	1	2.6
Capitol Crossings Apartments	$1,325/mo	$1,421/mo	21	3.3
Sheridan Apartments	$1,330/mo	$1,395/mo	2	4.4
Park Guilderland Apartment Homes	$1,345/mo	$1,465/mo	3	2.6
Adams Station Apartments	$1,365/mo	$2,408/mo	7	4.2
The Spinney at Van Dyke	$1,365/mo	$2,408/mo	7	4.8
Danker Village Apartments	$1,369/mo	$1,504/mo	3	2.3
Arrowhead Estates	$1,375/mo	$1,375/mo	1	1
Towne Towers	$1,390/mo	$1,558/mo	5	4.5
Burdeck Street Apartments	$1,395/mo	$1,410/mo	2	4.5
Oxford Heights	$1,417/mo	$1,839/mo	13	4.3
Carpenter Village Apartments	$1,435/mo	$1,517/mo	5	3.5
Strawberry Ridge Apartments	$1,435/mo	$1,435/mo	1	3.4
Mohawk Village Garden Apartments	$1,440/mo	$1,440/mo	1	3.7
Iron Point Apartments	$1,475/mo	$1,645/mo	5	3.4
Tall Oaks Apartments	$1,475/mo	$1,661/mo	7	3.7
Squire Park Apartments	$1,479/mo	$1,731/mo	6	3.3
Bethlehem Terrace Apartments	$1,485/mo	$1,565/mo	7	2.9
Stonehenge Gardens	$1,500/mo	$1,666/mo	4	4.6
netZero Village	$1,505/mo	$1,505/mo	1	4.1
Twin Lakes Clifton Park Apartments	$1,507/mo	$1,890/mo	18	3.2
Fairwood Apartments	$1,510/mo	$1,666/mo	8	3.7
Columbia Woods Apartments	$1,525/mo	$1,809/mo	6	3.7
North Pointe Apartments	$1,525/mo	$1,733/mo	3	3.2
Towers of Colonie	$1,530/mo	$1,656/mo	7	4
The Ellsworth	$1,532/mo	$2,008/mo	23	3.7
Adams Park Apartments	$1,535/mo	$1,560/mo	2	3.5
Longport Manor Apartments	$1,550/mo	$2,067/mo	16	5
Dutch Village Apartments	$1,555/mo	$1,948/mo	12	3.6
Rolling Ridge Apartments	$1,560/mo	$1,635/mo	2	4.2
Graystone Apartments	$1,565/mo	$1,685/mo	2	3.8
Harmony Hill	$1,585/mo	$1,668/mo	2	4.6
Glen Esk Apartments	$1,595/mo	$1,764/mo	5	4
Industrie Apartments	$1,599/mo	$1,999/mo	3	4.2
Court Royale Apartments	$1,610/mo	$1,610/mo	1	4.2
Woodlake Apartments	$1,620/mo	$1,725/mo	8	4.3
The News Apartments	$1,650/mo	$2,036/mo	12	4
Rosegate Apartments	$1,650/mo	$1,970/mo	6	5
75 Willett Apartments	$1,655/mo	$1,776/mo	7	4
Regency Park Apartments	$1,675/mo	$1,779/mo	11	4.2
Bridgewater Apartments	$1,685/mo	$1,813/mo	3	4.2
Winner's Circle at Saratoga	$1,699/mo	$2,222/mo	62	4.5
Colonie East Apartments	$1,711/mo	$2,067/mo	4	3.9
Capitol View Apartments	$1,715/mo	$1,715/mo	1	4.8
Liberty Pointe	$1,720/mo	$1,991/mo	10	4.2
Rivers Ledge Apartments	$1,725/mo	$2,108/mo	6	4.6
Forrest Pointe Apartments and Townhomes	$1,745/mo	$2,107/mo	5	4.1
Steuben Place Apartments	$1,750/mo	$1,750/mo	1	2.6
Williamsburg Village Apartments	$1,770/mo	$1,770/mo	1	5
The Alexander Apartments	$1,779/mo	$2,141/mo	20	4.5
The Landings Apartments	$1,785/mo	$1,902/mo	10	3.7
Lofts at Frog Alley	$1,790/mo	$1,863/mo	2	4.3
Crescent Village Apartments	$1,795/mo	$1,795/mo	1	4.1
Steeplechase at Malta	$1,800/mo	$2,203/mo	9	3.2
Van Allen Apartments	$1,845/mo	$1,995/mo	2	4.3
The Kensington at Halfmoon	$1,850/mo	$2,042/mo	3	4.2
Schuyler Commons	$1,860/mo	$2,340/mo	10	4.1
Albany Lofts at One Broadway Apartments	$1,899/mo	$2,355/mo	8	4.2
Solara Luxury Apartments	$1,905/mo	$2,117/mo	3	3.9
Parkside Village Apartments	$1,950/mo	$2,098/mo	8	3.8
GrandeVille at Malta	$1,988/mo	$2,529/mo	26	4.3
Park South Apartments	$2,025/mo	$2,439/mo	6	4.7
Perennial Apartments	$2,086/mo	$2,247/mo	2	4.5
The Montclair a 55+ Community	$2,100/mo	$2,100/mo	2	4.5
Guilderland Court Apartments	$2,100/mo	$2,192/mo	6	4.7
The Preserve At West Creek	$2,100/mo	$2,192/mo	6	3.6
The Rise \| Midtown Square	$2,100/mo	$2,240/mo	5	5
Elements at Saratoga Lake	$2,100/mo	$2,419/mo	17	4.4
Silo Pointe Apartments	$2,150/mo	$2,150/mo	1	4
Shelter Cove Apartments	$2,214/mo	$2,679/mo	4	3.9
The Apex at Crossgates	$2,230/mo	$2,545/mo	8	4.2
The Residences at the Crossings	$2,250/mo	$2,250/mo	1	4.8
Hamilton Parc	$2,350/mo	$2,900/mo	8	4.6
Pinnacle Living at Forts Ferry	$2,432/mo	$3,054/mo	5	4.5
Lofts at Kelley Farms	$2,475/mo	$2,475/mo	1	4.3
DeLaet's Landing	$2,495/mo	$2,495/mo	1	3.2
The Hamlet at Saratoga Springs	$2,614/mo	$2,732/mo	4	4.5
The Lofts at Saratoga Blvd	$2,700/mo	$2,700/mo	1	4.7
Excelsior North Greenbush	$3,000/mo	$3,000/mo	2	4.9

Frequently Asked Questions About Rent in Albany, NY

What is the average rent in Albany, NY?

The average rent in Albany, NY is $1,906 per month as of August 2026, based on 720 units across 104 apartment communities.

Is rent going up or down in Albany, NY?

Rent in Albany, NY has decreased $94 (5%) over the past month. The current average is $1,906/mo.

What is the cheapest apartment in Albany, NY?

The most affordable apartment in Albany, NY is Joseph L. Allen Apartments with units starting at $609/mo.

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

A 1-bedroom apartment in Albany, NY averages $1,764/mo, with prices starting at $702/mo across 302 available units.

How many apartments are available in Albany, NY?

There are 720 units available across 104 apartment communities in Albany, NY.

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	Source
Rent (market average)	$1,906	daily refresh
Utilities	$399	BLS × BEA RPP
Groceries	$526	BLS × BEA RPP
Transportation	$951	BLS × BEA RPP
Healthcare	$464	BLS × BEA RPP
Other goods and services	$743	BLS × BEA RPP
Estimated total	$4,989/mo	$59,866/year

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.

New York Rent Trends

Compare rent across all New York cities

Albany, NY Neighborhood Rent Map

See rent history by neighborhood on a map

Explore Albany, NY on Map

See neighborhoods and rent data interactively

US-wide rent comparison

See how Albany, NY rents stack up against the national median