Last updated June 20, 2026

Average Rent in Albany, NY & Rent Trends

Rent prices and market trends across 66 apartment communities in Albany, NY. Updated daily.

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

Market Average

$1,693/mo

▼ 1% from last month

Lowest Available

$720/mo

cheapest unit on market

Communities

tracked daily

Units Listed

287

available now

Rent by Neighborhood in Albany, NY

Compare average rent across Albany, NY neighborhoods. Click any area to see detailed trends.

Neighborhood	Avg Rent	From	Properties	Units
Albany 12084	$2,800	$2,350	1	5
Albany 12204	$2,713	$2,101	1	8
Albany 12211	$2,625	$2,550	1	4
Albany 12303	$2,450	$2,450	1	1
Albany 12020	$2,223	$1,995	1	2
Rensselaer 12144	$2,155	$1,675	2	3
Albany 12203	$2,149	$1,481	6	62
Cohoes 12047	$2,129	$1,525	2	20
Downtown	$2,086	$1,255	25	239
Albany 12306	$2,017	$1,750	1	3
Buckingham Lake	$1,983	$1,490	3	10
Schenectady 12305	$1,935	$1,935	1	1
Latham 12110	$1,917	$1,450	3	17
Albany 12302	$1,917	$1,595	1	3
Menands 12204	$1,881	$1,225	2	17
Ten Broeck Triangle	$1,848	$1,489	1	4
Albany 12065	$1,812	$1,117	4	28
Albany 12304	$1,728	$1,600	2	2
Second Avenue	$1,711	$928	4	19
Albany 12205	$1,673	$1,410	4	13
Albany 12159	$1,640	$1,575	1	3
Troy 12180	$1,627	$975	7	41
Schenectady 12309	$1,618	$1,230	3	135
Niskayuna 12309	$1,561	$1,375	1	7
Albany 12180	$1,537	$999	2	4
Albany 12118	$1,491	$1,274	1	11
Watervliet 12189	$1,381	$1,273	1	4
Arbor Hill	$1,365	$1,365	1	1
Albany 12206	$1,332	$650	2	25
Hartmans Corners	$1,328	$1,215	1	2
Schenectady 12302	$1,088	$926	1	2

Is Rent Going Up or Down in Albany, NY?

As of June 2026, the average rent in Albany, NY is $1,693 per month across 66 apartment communities and 287 available units. Rents have decreased $19 (1%) over the past month.

The most affordable option is Livingston School Apartments starting at $720/mo. By unit type, a 1-bedroom averages $1,693/mo.

Prices range from $720 to $2,663 per month. The most common price point is the $1,400 range, where 76 units are currently listed.

Albany, NY Rent Price History

Window

Rent Price Distribution

Rent by Bedroom Type in Albany, NY

1 Bed

$1,693

from $720 · 287 units

Rent Prices by Apartment in Albany, NY

Property	Starting at	Average	Units	Rating
Livingston School Apartments	$720/mo	$720/mo	1	4.3
Knox Street Apartments	$928/mo	$928/mo	1	4.1
Park Place at Brook Edge Apartments	$975/mo	$975/mo	1	4.9
Mohawk Village Garden Apartments	$1,215/mo	$1,328/mo	2	3.7
Northside Village	$1,230/mo	$1,388/mo	43	4.1
Capitol Crossings Apartments	$1,265/mo	$1,335/mo	15	3.3
Malta Pointe Apartments	$1,274/mo	$1,329/mo	3	2.5
Park Ridge Apartments	$1,275/mo	$1,282/mo	3	4.1
Hudson Pointe Apartments	$1,290/mo	$1,365/mo	2	2.5
Harbour Point Gardens	$1,295/mo	$1,437/mo	5	3.7
London Square & Blue Spruce Apartments	$1,303/mo	$1,440/mo	9	3.4
Highland Club Apartments	$1,304/mo	$1,304/mo	1	2.5
Sheridan Apartments	$1,320/mo	$1,320/mo	1	4.4
Mill Hollow Apartments	$1,350/mo	$1,350/mo	1	4.2
Foxrun Apartments	$1,352/mo	$1,420/mo	2	2.5
Willett Apartments	$1,365/mo	$1,365/mo	1	2.9
Tall Oaks Apartments	$1,375/mo	$1,450/mo	4	3.7
Strawberry Ridge Apartments	$1,375/mo	$1,523/mo	5	3.4
Park Guilderland Apartment Homes	$1,380/mo	$1,403/mo	2	2.6
Parkwood Village Apartments	$1,385/mo	$1,388/mo	2	3
Twin Lakes Clifton Park Apartments	$1,394/mo	$1,659/mo	14	3.2
Riverhill Apartments	$1,429/mo	$1,498/mo	2	4.2
Solara Luxury Apartments	$1,435/mo	$1,645/mo	5	3.9
Bethlehem Terrace Apartments	$1,450/mo	$1,468/mo	2	2.9
Hampshire Apartments	$1,480/mo	$1,488/mo	2	4.8
Squire Park Apartments	$1,486/mo	$1,575/mo	3	3.3
Fairwood Apartments	$1,490/mo	$1,490/mo	1	3.7
Towers of Colonie	$1,510/mo	$1,545/mo	4	4
Towne Towers	$1,560/mo	$1,573/mo	2	4.5
Harmony Hill	$1,575/mo	$1,590/mo	2	4.6
The Ellsworth	$1,593/mo	$1,818/mo	12	3.7
Glen Esk Apartments	$1,595/mo	$1,595/mo	1	4
Carpenter Village Apartments	$1,605/mo	$1,733/mo	2	3.5
Woodlake Apartments	$1,610/mo	$1,663/mo	7	4.3
75 Willett Apartments	$1,640/mo	$1,729/mo	7	4
Oxford Heights	$1,641/mo	$1,681/mo	5	4.3
Rosegate Apartments	$1,650/mo	$1,858/mo	4	5
Stonehenge Gardens	$1,660/mo	$1,668/mo	2	4.6
Regency Park Apartments	$1,665/mo	$1,718/mo	7	4.2
Capitol View Apartments	$1,675/mo	$1,675/mo	1	4.8
Shelter Cove Apartments	$1,710/mo	$1,909/mo	6	3.9
Colonie East Apartments	$1,711/mo	$1,711/mo	1	3.9
Forrest Pointe Apartments and Townhomes	$1,715/mo	$1,765/mo	2	4.1
Liberty Pointe	$1,720/mo	$1,877/mo	7	4.2
Burdeck Street Apartments	$1,750/mo	$1,750/mo	1	4.5
The Alexander Apartments	$1,809/mo	$1,959/mo	13	4.5
The Landings Apartments	$1,812/mo	$1,850/mo	5	3.7
The News Apartments	$1,863/mo	$1,999/mo	7	4
Industrie Apartments	$1,875/mo	$1,875/mo	1	4.2
Winner's Circle at Saratoga	$1,879/mo	$2,047/mo	12	4.5
Abraxas at 90 State Apartments	$1,900/mo	$1,948/mo	2	4.4
Longport Manor Apartments	$1,930/mo	$2,034/mo	5	5
Lofts at Frog Alley	$1,935/mo	$1,935/mo	1	4.3
The Rise \| Pine Hills	$1,950/mo	$1,950/mo	1	4.3
Parkside Village Apartments	$1,950/mo	$1,950/mo	1	3.8
GrandeVille at Malta	$1,957/mo	$2,099/mo	8	4.3
Adams Station Apartments	$2,015/mo	$2,176/mo	4	4.2
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
The Rise \| Midtown Square	$2,100/mo	$2,125/mo	4	5
Elements at Saratoga Lake	$2,100/mo	$2,313/mo	4	4.4
The Lofts at Saratoga Blvd	$2,200/mo	$2,200/mo	3	4.7
Albany Lofts at One Broadway Apartments	$2,217/mo	$2,422/mo	4	4.2
Perennial Apartments	$2,385/mo	$2,385/mo	1	4.5
The Hamlet at Saratoga Springs	$2,423/mo	$2,498/mo	2	4.5
The Spinney at Van Dyke	$2,600/mo	$2,600/mo	1	4.8

Google Search Trends for Albany, NY Apartments

Search interest for apartments in this area over the past 12 months.

Search Interest Over Time

Explore more on Google Trends

Frequently Asked Questions About Rent in Albany, NY

What is the average rent in Albany, NY?

The average rent in Albany, NY is $1,693 per month as of June 2026, based on 287 units across 66 apartment communities.

Is rent going up or down in Albany, NY?

Rent in Albany, NY has decreased $19 (1%) over the past month. The current average is $1,693/mo.

What is the cheapest apartment in Albany, NY?

The most affordable apartment in Albany, NY is Livingston School Apartments with units starting at $720/mo.

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

A 1-bedroom apartment in Albany, NY averages $1,693/mo, with prices starting at $720/mo across 287 available units.

How many apartments are available in Albany, NY?

There are 287 units available across 66 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

$68,000/year

Based on the 30 percent rule, using our tracked average rent of $1,693/mo.

Comfortable income

$81,000/year

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

To afford the cheapest tracked apartment ($720/mo), you need to earn at least $29,000/year.

Median household income in Albany, NY is $59,485 , about 27% 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)	$1,693	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	$4,776/mo	$57,310/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

Explore Albany, NY on Map

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US-wide rent comparison

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