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Average Rent in Albany, NY & Rent Trends

What is the average studio rent in Albany, NY?

The average listed studio apartment rent in Albany, NY is $3,741 per month, as of November 8, 2026. This sample includes 38 priced apartments in 21 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.

Rent prices and market trends across 21 apartment communities in Albany, NY. Prices update after successful source checks.

Area All Areas Arbor Hill Buckingham Lake Delmar Glenmont Second Avenue Ten Broeck Triangle
Schenectady 12302 12303 12304 12305 12306 12308
Albany 12203 12205 12206
Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed 4 Bed

Showing studio in Albany, NY.

Market Average

$3,741/mo

Lowest Available

$609/mo

cheapest unit on market

Communities

21

tracked daily

Units Listed

38

available now

Rent Watch: cuts and increases

Open Rent Watch →

See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

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
Arbor Hill $16,098 - $725 2 5
Albany 12203 $7,166 - $1,700 2 2
Second Avenue $1,980 - $1,980 1 1
Saratoga Springs 12866 $1,759 - $1,639 1 4
Ballston Spa 12020 $1,627 - $1,627 1 1
Ten Broeck Triangle $1,599 - $1,599 1 1
Troy 12180 $1,590 - $1,071 2 3

Is Rent Going Up or Down in Albany, NY?

As of November 2026, the average rent in Albany, NY is $3,741 per month across 21 apartment communities and 38 available units.

The most affordable option is Joseph L. Allen Apartments starting at $609/mo. By unit type, a studio averages $3,741/mo.

Prices range from $609 to $31,356 per month. The most common price point is the $1,200 range, where 9 units are currently listed.

Rent Price Distribution

Rent by Bedroom Type in Albany, NY

Studio
$3,741
from $609 · 38 units

Rent Prices by Apartment in Albany, NY

Property Starting at Average Units Rating
Joseph L. Allen Apartments $609/mo $609/mo 1 3.5
Arrowhead Estates $725/mo $1,050/mo 2 1
Hudson Pointe Apartments $1,071/mo $1,071/mo 1 2.5
Draper Lofts Apartments $1,200/mo $1,200/mo 1 3.9
Skyview Terraces $1,266/mo $1,291/mo 2 4.1
Hampshire Apartments $1,285/mo $1,285/mo 1 4.8
Riverhill Apartments $1,319/mo $1,384/mo 2 4.2

Frequently Asked Questions About Rent in Albany, NY

How many bedrooms are you looking for?

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Studio

What is the average studio rent in Albany, NY?
The average listed studio apartment rent in Albany, NY is $3,741 per month, as of November 8, 2026. This sample includes 38 priced apartments in 21 buildings. These are tracked asking prices, not signed leases.

What rent range can I find in Albany, NY?
The studio apartment listings we track in Albany, NY range from $609 to $31,356 per month, as of November 8, 2026. These are the lowest and highest listed prices. They are not a typical price for every apartment. The building, floor plan, and lease terms can affect the price.

Are rents going up or down in Albany, NY?
There is not enough comparable history to report a reliable 30-day rent change for studio apartment listings in Albany, NY. Missing dates or a change in the buildings we track can prevent a comparison. The chart uses recorded prices for studio apartments with a known unit identity. It averages those prices within each building before comparing buildings. Missing history does not mean rents stayed flat.

How much is a studio apartment in Albany, NY?
Studio apartments average $3,741 per month across 38 priced listings in Albany, NY. Listed rents range from $609 to $31,356 per month, as of November 8, 2026. Compare apartments with similar floor plans and lease terms.

Which tracked building has the lowest starting rent in Albany, NY?
Joseph L. Allen Apartments has the lowest starting rent among the buildings in the comparison table, at $609 per month. We track 1 priced listing matching your bedroom choice in that building, as of November 8, 2026. The starting price applies to its lowest-priced matching apartment. Check that apartment's latest price and availability.

Which rent range has the most listings in Albany, NY?
The $1,200 to $1,400 monthly range has the most matching listings: 9 units, or 23.7% of the priced apartments we track in Albany, NY. This count does not tell us how fast the apartments rent.

How many apartment listings do you track in Albany, NY?
We track 38 priced units at 21 apartment buildings, as of November 8, 2026. These are studio apartments. This is not the total number of apartments in those buildings. A listing can change or become unavailable. Open the apartment details to check its latest status.

How much rent history is available for Albany, NY?
We do not yet have enough accepted price records to draw a history chart for studio apartment listings in Albany, NY. Current asking prices can appear before rent history is ready. We do not fill missing history with zero or with prices for a different bedroom count.

Why can the headline rent differ from the trend chart in Albany, NY?
The average at the top of the page gives each matching apartment equal weight. The chart first averages recorded prices within each building, then compares buildings. It removes the highest and lowest groups when at least ten buildings contribute and omits days with fewer than five buildings. Different dates, building counts, and listing mixes can produce different figures. The monthly table averages the recorded daily figures.

Does my bedroom choice change the prices and answers?
Yes. Your chosen area and bedroom count filter the asking rents, listing counts, rent ranges, and answers on this page. The active community exclusions are Student housing and 55+ / senior community and Corporate housing and Military / active duty housing and Veteran housing. When you choose a bedroom count, the history chart uses recorded prices for matching apartments with a known identity. If those records are missing, we leave the chart empty rather than use prices for other bedroom types. Open an individual apartment to check its own price history.

Do these rents include utilities, parking, and other fees?
We use the published total monthly rent when it is available and the base rent otherwise. Unknown fees are not zero. Utilities, parking, pet charges, deposits, and one-time costs can add to the amount you pay. Check the selected unit and lease terms for a complete quote.

How should I compare free-rent offers with listed rent?
A free-rent offer can reduce the effective cost over a lease without changing the listed monthly rent. Compare the same lease length and move-in date, then include required charges and the offer conditions. The market averages do not assume an unconfirmed discount.

Does this page represent every rental in the market?
These figures describe the priced apartment listings we track, not every rental home or every occupied apartment. Coverage and the mix of bedrooms, buildings, and locations can change. A lower market average does not prove that the same apartment received a price cut.

How fresh are the Albany, NY rent figures?
We schedule rent updates each day, but buildings can have different price-check dates. The latest accepted price check for these listings was November 8, 2026. The month label does not mean we checked every price today. Open the building or apartment details for its latest price and availability.

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

$150,000/year

Based on the 30 percent rule, using our tracked average rent of $3,741/mo.

Comfortable income

$180,000/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 67% below the comfortable-living threshold.

Explore Albany, NY Apartments

Browse all 21 communities with daily-updated pricing and availability.

Browse All Apartments Find Your Match

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) $3,741
Utilities $399
Groceries $526
Transportation $951
Healthcare $464
Other goods and services $743
Estimated total $6,824/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.
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

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