Last updated July 10, 2026

Average Rent in Albany 12203 & Rent Trends

Rent prices and market trends across 3 apartment communities in Albany 12203, Albany, NY. Updated daily.

Area All Areas Buckingham Lake Delmar Downtown Second Avenue Ten Broeck Triangle

Albany 12009 12019 12020 12065 12085 12144 12159 12180 12188 12203 12204 12205 12206 12211 12302 12303 12304 12305 12306 12309 12866

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

Market Average

$1,791/mo

Lowest Available

$1,562/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Price Cuts This Week in Albany 12203

22 listed units across 3 buildings offering 1 bed units in Albany 12203 dropped their asking rent in the past 7 days, an average cut of $53/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
Woodlake Apartments	Unit 6	$1,745	$1,660	$85
Oxford Heights	Unit 07, B4	$1,953	$1,877	$76
Oxford Heights	Unit 05, B4	$1,908	$1,833	$75
Oxford Heights	Unit 06, B3	$1,975	$1,900	$75
Oxford Heights	Unit 07, B3	$1,959	$1,884	$75
Oxford Heights	Unit 09, B4	$1,908	$1,833	$75
Oxford Heights	Unit 102, 2A	$1,899	$1,824	$75
Oxford Heights	Unit 106, 2B-R	$2,141	$2,066	$75

See today's prices on all 27 listed units

Albany 12203 vs Albany, NY Average

Albany 12203 is cheaper the Albany, NY average by $88/mo (5%). The citywide average is $1,879/mo across all neighborhoods.

Is Rent Going Up or Down in Albany 12203?

As of July 2026, the average rent in Albany 12203 is $1,791 per month across 3 apartment communities and 27 available units.

The most affordable option is Oxford Heights starting at $1,562/mo. By unit type, a 1-bedroom averages $1,791/mo.

Prices range from $1,562 to $2,074 per month. The most common price point is the $1,600 range, where 14 units are currently listed.

Rent Price Distribution

Rent by Bedroom Type in Albany 12203

1 Bed

$1,791

from $1,562 · 27 units

Rent Prices by Apartment in Albany 12203

Property	Starting at	Average	Units	Rating
Oxford Heights	$1,562/mo	$1,641/mo	6	4.3
Woodlake Apartments	$1,610/mo	$1,657/mo	7	4.3
The Alexander Apartments	$1,784/mo	$1,922/mo	14	4.5

Frequently Asked Questions About Rent in Albany 12203

What is the average rent in Albany 12203?

The average rent in Albany 12203 is $1,791 per month as of July 2026, based on 27 units across 3 apartment communities.

Is rent going up or down in Albany 12203?

The current average rent in Albany 12203 is $1,791/mo, refreshed daily to track rent trends.

What is the cheapest apartment in Albany 12203?

The most affordable apartment in Albany 12203 is Oxford Heights with units starting at $1,562/mo.

How much is a 1-bedroom apartment in Albany 12203?

A 1-bedroom apartment in Albany 12203 averages $1,791/mo, with prices starting at $1,562/mo across 27 available units.

How many apartments are available in Albany 12203?

There are 27 units available across 3 apartment communities in Albany 12203.

What salary do I need to live comfortably in Albany 12203?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$72,000/year

Based on the 30 percent rule, using our tracked average rent of $1,791/mo.

Comfortable income

$86,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,562/mo), you need to earn at least $62,000/year.

Median household income in Albany 12203 is $59,485 , about 31% below the comfortable-living threshold.

Cost of living in Albany 12203

Overall prices in Albany 12203 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 12203's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$1,791	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	$4,874/mo	$58,486/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

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Albany, NY Neighborhood Rent Map

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Explore Albany, NY on Map

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US-wide rent comparison

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