Last updated September 24, 2026

Average Rent in Albany, NY & Rent Trends

Rent prices and market trends across 109 apartment communities in Albany, NY. Updated daily.

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

Schenectady 12302 12303 12304 12305 12306 12308

Albany 12203 12205 12206

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

Market Average

$1,898/mo

▲ +2% from last month

Lowest Available

$609/mo

cheapest unit on market

Communities

109

tracked daily

Units Listed

716

available now

Price Cuts This Week in Albany, NY

72 listed units across 19 buildings in Albany, NY dropped their asking rent in the past 7 days, an average cut of $105/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
Heritage Village	Unit 17	$2,368	$1,235	$1,133
Heritage Village	Unit 19	$2,589	$1,700	$889
Heritage Village	Unit 18	$2,403	$1,629	$774
Heritage Village	Unit 16	$2,119	$1,591	$528
Heritage Village	Unit 12	$2,023	$1,576	$447
Heritage Village	Unit 14	$2,069	$1,774	$295
Malta Pointe Apartments	Unit 120, Gardenia	$1,523	$1,251	$272
Heritage Village	Unit 8	$1,795	$1,541	$254

See today's prices on all 716 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
Saratoga Springs 12866	$2,700	▲ $230	$1,921	3	16
Delmar	$2,493	▲ $16	$1,315	2	16
Ballston Spa 12020	$2,232	▼ $105	$1,579	8	135
Albany 12203	$2,180	▲ $81	$1,520	6	52
Cohoes 12047	$2,163	▲ $137	$1,247	3	13
Niskayuna 12309	$2,088	▲ $500	$1,375	2	2
Latham 12110	$2,084	▲ $59	$1,273	5	25
Guilderland 12084	$2,078	▼ $101	$659	4	28
Schenectady 12303	$2,046	▼ $169	$1,630	2	5
Rensselaer 12144	$2,024	▲ $76	$1,690	3	8
Ten Broeck Triangle	$2,012	▲ $106	$1,750	2	2
Menands 12204	$1,988	▲ $5	$1,284	3	25
Ballston Lake 12019	$1,940	$0	$1,940	1	1
East Greenbush 12061	$1,866	▼ $891	$659	2	6
Second Avenue	$1,847	▲ $59	$725	6	41
Altamont 12009	$1,823	▲ $116	$1,435	3	13
Clifton Park 12065	$1,798	▼ $13	$1,000	12	120
Schenectady 12305	$1,709	▲ $279	$867	3	9
Albany 12205	$1,705	▲ $48	$1,410	4	14
Schenectady 12302	$1,683	▼ $153	$1,580	1	6
Slingerlands 12159	$1,660	▲ $41	$1,380	2	11
Selkirk 12158	$1,653	-	$1,653	1	2
Schenectady 12308	$1,586	▲ $6	$1,230	4	44
Troy 12180	$1,560	▲ $138	$999	9	44
Buckingham Lake	$1,560	▲ $69	$1,535	1	2
Schenectady 12306	$1,548	▲ $83	$1,170	4	10
Schenectady 12304	$1,541	▼ $71	$1,541	1	1
Mechanicville 12118	$1,451	▼ $29	$1,251	1	9
Waterford 12188	$1,358	▲ $20	$1,295	2	6
Watervliet 12189	$1,323	▼ $34	$1,122	1	4
Guilderland Center 12085	$1,275	▼ $33	$1,275	1	1
Albany 12206	$1,265	▲ $50	$650	5	36
Vale & Eastern Ave	$803	▼ $55	$609	2	9

Is Rent Going Up or Down in Albany, NY?

As of September 2026, the average rent in Albany, NY is $1,898 per month across 109 apartment communities and 716 available units. Rents have increased $37 (2%) over the past month.

The most affordable option is Joseph L. Allen Apartments starting at $609/mo. By unit type, a studio averages $2,039/mo, a 1-bedroom averages $1,697/mo, a 2-bedroom averages $2,007/mo, a 3-bedroom averages $2,239/mo, a 4-bedroom averages $1,178/mo.

Prices range from $609 to $4,836 per month. The most common price point is the $1,600 range, where 144 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	$1,912	-$104	85
July 2026	$1,806	-$106	105
August 2026	$1,804	-$2	95
September 2026	$1,814	+$10	80

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

$2,039

from $609 · 67 units

1 Bed

$1,697

from $702 · 272 units

2 Bed

$2,007

from $802 · 319 units

3 Bed

$2,239

from $999 · 49 units

4 Bed

$1,178

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
The Kensey on Elliot	$659/mo	$659/mo	1	4.6
Heritage Village	$659/mo	$659/mo	1	3.4
Arrowhead Estates	$725/mo	$1,050/mo	2	1
Hillside Crossing Apartments	$802/mo	$864/mo	4	4.1
College Suites at Washington Square	$867/mo	$1,339/mo	3	3.6
Knox Street Apartments	$974/mo	$1,084/mo	2	4.1
Incite at Troy	$999/mo	$1,174/mo	7	4.8
Veno Properties	$1,000/mo	$1,133/mo	3	4.3
Auden Albany	$1,049/mo	$1,145/mo	11	3.9
Hudson Pointe Apartments	$1,050/mo	$1,282/mo	10	2.5
Highland Club Apartments	$1,122/mo	$1,323/mo	4	2.5
The Hudson	$1,145/mo	$1,258/mo	3	3.4
Draper Lofts Apartments	$1,170/mo	$1,322/mo	5	3.9
College Suites at Hudson Valley	$1,180/mo	$1,180/mo	1	4.3
Willett Apartments	$1,230/mo	$1,230/mo	1	2.9
Northside Village	$1,230/mo	$1,611/mo	37	4.1
London Square & Blue Spruce Apartments	$1,244/mo	$1,631/mo	23	3.4
Cohoes Falls	$1,247/mo	$1,438/mo	2	3.8
Malta Pointe Apartments	$1,251/mo	$1,451/mo	9	2.5
Skyview Terraces	$1,273/mo	$1,608/mo	5	4.1
Park Guilderland Apartment Homes	$1,275/mo	$1,275/mo	1	2.6
Riverhill Apartments	$1,284/mo	$1,518/mo	6	4.2
Hampshire Apartments	$1,290/mo	$1,423/mo	2	4.8
The Valley Green Apartments	$1,295/mo	$1,295/mo	1	4.6
Park Ridge Apartments	$1,295/mo	$1,404/mo	10	4.1
Pine Park Terrace Apartments	$1,295/mo	$1,295/mo	5	3.7
Parkwood Village Apartments	$1,300/mo	$1,479/mo	5	3
Schaffer Heights	$1,313/mo	$1,495/mo	3	2.6
Adams Station Apartments	$1,315/mo	$2,493/mo	8	4.2
The Spinney at Van Dyke	$1,315/mo	$2,493/mo	8	4.8
Capitol Crossings Apartments	$1,325/mo	$1,381/mo	19	3.3
Sheridan Apartments	$1,350/mo	$1,415/mo	2	4.4
Tall Oaks Apartments	$1,375/mo	$1,375/mo	1	3.7
Bethlehem Terrace Apartments	$1,380/mo	$1,657/mo	8	2.9
Harbour Point Gardens	$1,395/mo	$1,413/mo	3	3.7
Towne Towers	$1,410/mo	$1,576/mo	4	4.5
Carpenter Village Apartments	$1,435/mo	$1,581/mo	8	3.5
Squire Park Apartments	$1,441/mo	$1,649/mo	11	3.3
netZero Village	$1,485/mo	$1,690/mo	2	4.1
Foxrun Apartments	$1,491/mo	$1,618/mo	4	2.5
Stonehenge Gardens	$1,520/mo	$1,687/mo	5	4.6
Columbia Woods Apartments	$1,525/mo	$1,925/mo	6	3.7
Fairwood Apartments	$1,530/mo	$1,773/mo	12	3.7
Adams Park Apartments	$1,535/mo	$1,560/mo	2	3.5
Twin Lakes Clifton Park Apartments	$1,538/mo	$1,837/mo	27	3.2
Graystone Apartments	$1,541/mo	$1,541/mo	1	3.8
Towers of Colonie	$1,550/mo	$1,670/mo	8	4
Longport Manor Apartments	$1,550/mo	$2,067/mo	16	5
Dutch Village Apartments	$1,555/mo	$1,961/mo	11	3.6
Danker Village Apartments	$1,572/mo	$1,572/mo	1	2.3
The Ellsworth	$1,579/mo	$2,075/mo	13	3.7
Rolling Ridge Apartments	$1,580/mo	$1,655/mo	2	4.2
Glen Esk Apartments	$1,580/mo	$1,683/mo	6	4
Harmony Hill	$1,605/mo	$1,670/mo	3	4.6
75 Willett Apartments	$1,605/mo	$1,766/mo	9	4
North Pointe Apartments	$1,606/mo	$1,746/mo	3	3.2
Abraxas at 90 State Apartments	$1,625/mo	$1,876/mo	21	4.4
Iron Point Apartments	$1,625/mo	$1,725/mo	3	3.4
Winner's Circle at Saratoga	$1,627/mo	$2,116/mo	62	4.5
Court Royale Apartments	$1,630/mo	$1,630/mo	1	4.2
Woodlake Apartments	$1,640/mo	$1,741/mo	11	4.3
Rosegate Apartments	$1,650/mo	$1,970/mo	6	5
Hudson on Nine Apartments	$1,653/mo	$1,653/mo	2	4.9
Bridgewater Apartments	$1,669/mo	$1,691/mo	2	4.2
Strawberry Ridge Apartments	$1,675/mo	$1,675/mo	1	3.4
Colonie East Apartments	$1,687/mo	$2,003/mo	4	3.9
Capitol View Apartments	$1,690/mo	$1,750/mo	4	4.8
Lofts at Frog Alley	$1,691/mo	$1,793/mo	5	4.3
Regency Park Apartments	$1,695/mo	$1,867/mo	7	4.2
Liberty Pointe	$1,720/mo	$1,991/mo	10	4.2
Steuben Place Apartments	$1,750/mo	$1,750/mo	1	2.6
The News Apartments	$1,759/mo	$2,240/mo	7	4
Crescent Village Apartments	$1,770/mo	$1,770/mo	1	4.1
The Landings Apartments	$1,784/mo	$1,956/mo	18	3.7
Williamsburg Village Apartments	$1,790/mo	$1,790/mo	1	5
Burdeck Street Apartments	$1,795/mo	$1,795/mo	2	4.5
Van Allen Apartments	$1,845/mo	$1,995/mo	2	4.3
The Kensington at Halfmoon	$1,850/mo	$2,025/mo	3	4.2
The Alexander Apartments	$1,893/mo	$2,203/mo	16	4.5
Solara Luxury Apartments	$1,895/mo	$1,895/mo	1	3.9
GrandeVille at Malta	$1,915/mo	$2,427/mo	43	4.3
Perennial Apartments	$1,921/mo	$2,099/mo	2	4.5
Lofts at Kelley Farms	$1,940/mo	$1,940/mo	1	4.3
Parkside Village Apartments	$1,950/mo	$2,098/mo	8	3.8
Silo Pointe Apartments	$1,995/mo	$1,995/mo	1	4
Park South Apartments	$2,045/mo	$2,491/mo	6	4.7
The Estates at Ballston Spa	$2,090/mo	$2,115/mo	2	5
The Residences at the Crossings	$2,100/mo	$2,100/mo	1	4.8
The Montclair a 55+ Community	$2,100/mo	$2,100/mo	1	4.5
Guilderland Court Apartments	$2,100/mo	$2,150/mo	4	4.7
The Preserve At West Creek	$2,100/mo	$2,150/mo	4	3.6
The Apex at Crossgates	$2,170/mo	$2,905/mo	11	4.2
Industrie Apartments	$2,273/mo	$2,273/mo	1	4.2
Elements at Saratoga Lake	$2,275/mo	$2,465/mo	5	4.4
The Hamlet at Saratoga Springs	$2,298/mo	$2,964/mo	9	4.5
The River House	$2,400/mo	$2,400/mo	1	4.6
Mill Hollow Apartments	$2,450/mo	$2,450/mo	1	4.2
Rivers Ledge Apartments	$2,800/mo	$2,800/mo	1	4.6
Pinnacle Living at Forts Ferry	$2,950/mo	$3,209/mo	4	4.5

Frequently Asked Questions About Rent in Albany, NY

What is the average rent in Albany, NY?

The average rent in Albany, NY is $1,898 per month as of September 2026, based on 716 units across 109 apartment communities.

Is rent going up or down in Albany, NY?

Rent in Albany, NY has increased $37 (2%) over the past month. The current average is $1,898/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 $1,697/mo, with prices starting at $702/mo across 272 available units.

How many apartments are available in Albany, NY?

There are 716 units available across 109 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 $1,898/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)	$1,898	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	$4,981/mo	$59,770/year

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.

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