Last updated
Average Rent in Second Avenue & Rent Trends
Rent prices and market trends across 3 apartment communities in Second Avenue, Albany, NY. Updated daily.
Market Average
$2,390/mo
Lowest Available
$1,193/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
10
available now
Price Cuts This Week in Second Avenue
5 listed units across 1 building offering 2 bed units in Second Avenue dropped their asking rent in the past 7 days, an average cut of $240/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Abraxas at 90 State Apartments | Unit 1, FLOOR PLANS | $1,900 | $1,600 | $300 |
| Abraxas at 90 State Apartments | Unit 2 | $1,900 | $1,600 | $300 |
| Abraxas at 90 State Apartments | Unit 4, Layout 29 | $1,900 | $1,600 | $300 |
| Abraxas at 90 State Apartments | Unit 15, Layout 17 | $1,905 | $1,650 | $255 |
| Abraxas at 90 State Apartments | Unit 77, Layout 25 | $1,995 | $1,950 | $45 |
Second Avenue vs Albany, NY Average
Second Avenue is more expensive the Albany, NY average by $514/mo (27%). The citywide average is $1,876/mo across all neighborhoods.
Is Rent Going Up or Down in Second Avenue?
As of July 2026, the average rent in Second Avenue is $2,390 per month across 3 apartment communities and 10 available units.
The most affordable option is Knox Street Apartments starting at $1,193/mo. By unit type, a 2-bedroom averages $2,390/mo.
Prices range from $1,193 to $2,920 per month. The most common price point is the $2,400 range, where 3 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Second Avenue
Rent Prices by Apartment in Second Avenue
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Knox Street Apartments | $1,193/mo | $1,193/mo | 1 | 4.1 |
| Abraxas at 90 State Apartments | $1,600/mo | $2,020/mo | 2 | 4.4 |
| Park South Apartments | $2,370/mo | $2,667/mo | 7 | 4.7 |
Frequently Asked Questions About Rent in Second Avenue
What is the average rent in Second Avenue?
Is rent going up or down in Second Avenue?
What is the cheapest apartment in Second Avenue?
How many apartments are available in Second Avenue?
What salary do I need to live comfortably in Second Avenue?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$96,000/year
Based on the 30 percent rule, using our tracked average rent of $2,390/mo.
Comfortable income
$115,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,193/mo), you need to earn at least $48,000/year.
Median household income in Second Avenue is $59,485 , about 48% below the comfortable-living threshold.
Cost of living in Second Avenue
Overall prices in Second Avenue 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 Second Avenue's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,390 |
| Utilities | $399 |
| Groceries | $526 |
| Transportation | $951 |
| Healthcare | $464 |
| Other goods and services | $743 |
| Estimated total | $5,473/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.
Google Search Trends for Second Avenue Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Second Avenue Apartments
Browse all 3 communities with daily-updated pricing and availability.