Last updated
Average Rent in Downtown & Rent Trends
Rent prices and market trends across 15 apartment communities in Downtown, Albany, NY. Updated daily.
Market Average
$1,800/mo
▼ 4.1% from last month
Lowest Available
$1,224/mo
cheapest unit on market
Communities
15
tracked daily
Units Listed
97
available now
Price Cuts This Week in Downtown
79 listed units across 8 buildings offering 1 bed units in Downtown 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 |
|---|---|---|---|---|
| Regency Park Apartments | Unit 10 | $2,116 | $1,855 | $261 |
| Winner's Circle at Saratoga | Unit 108-07, Street Sense | $2,946 | $2,723 | $223 |
| Winner's Circle at Saratoga | Unit 201-04, Street Sense | $2,946 | $2,723 | $223 |
| Winner's Circle at Saratoga | Unit 203-04, Street Sense | $2,946 | $2,723 | $223 |
| Winner's Circle at Saratoga | Unit 208-10, Sea Hero | $2,817 | $2,594 | $223 |
| Winner's Circle at Saratoga | Unit 304-07, Street Sense | $2,946 | $2,723 | $223 |
| Winner's Circle at Saratoga | Unit 306-07, Sword Dancer | $2,847 | $2,624 | $223 |
| Winner's Circle at Saratoga | Unit 308-04, Street Sense | $2,936 | $2,713 | $223 |
Downtown vs Albany, NY Average
Downtown is cheaper than the Albany, NY average by $102/mo (5%). The citywide average is $1,902/mo across all neighborhoods.
Is Rent Going Up or Down in Downtown?
As of August 2026, the average rent in Downtown is $1,800 per month across 15 apartment communities and 97 available units. Rents have decreased $83 (4.1%) over the past month.
The most affordable option is Malta Pointe Apartments starting at $1,224/mo. By unit type, a 1-bedroom averages $1,800/mo.
Prices range from $1,224 to $2,614 per month. The most common price point is the $1,800 range, where 33 units are currently listed.
Downtown Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,985 | - | 13 |
| July 2026 | $1,933 | -$52 | 15 |
| August 2026 | $1,938 | +$5 | 15 |
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.
Rent Price Distribution
Rent by Bedroom Type in Downtown
Rent Prices by Apartment in Downtown
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Malta Pointe Apartments | $1,224/mo | $1,337/mo | 3 | 2.5 |
| Draper Lofts Apartments | $1,295/mo | $1,358/mo | 2 | 3.9 |
| London Square & Blue Spruce Apartments | $1,307/mo | $1,508/mo | 11 | 3.4 |
| Squire Park Apartments | $1,479/mo | $1,532/mo | 2 | 3.3 |
| Twin Lakes Clifton Park Apartments | $1,507/mo | $1,726/mo | 9 | 3.2 |
| Fairwood Apartments | $1,510/mo | $1,623/mo | 3 | 3.7 |
| The Ellsworth | $1,583/mo | $1,804/mo | 7 | 3.7 |
Frequently Asked Questions About Rent in Downtown
What is the average rent in Downtown?
Is rent going up or down in Downtown?
What is the cheapest apartment in Downtown?
How much is a 1-bedroom apartment in Downtown?
How many apartments are available in Downtown?
What salary do I need to live comfortably in Downtown?
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 $1,800/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 ($1,224/mo), you need to earn at least $49,000/year.
Median household income in Downtown is $59,485 , about 31% below the comfortable-living threshold.
Cost of living in Downtown
Overall prices in Downtown 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 Downtown's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,800 |
| Utilities | $399 |
| Groceries | $526 |
| Transportation | $951 |
| Healthcare | $464 |
| Other goods and services | $743 |
| Estimated total | $4,883/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 Downtown Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Downtown Apartments
Browse all 15 communities with daily-updated pricing and availability.