Last updated June 20, 2026

Average Rent in Downtown & Rent Trends

Rent prices and market trends across 25 apartment communities in Downtown, Albany, NY. Updated daily.

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

Market Average

$2,206/mo

▲ +4.7% from last month

Lowest Available

$1,255/mo

cheapest unit on market

Communities

tracked daily

Units Listed

125

available now

Downtown vs Albany, NY Average

Downtown is more expensive the Albany, NY average by $317/mo (17%). The citywide average is $1,889/mo across all neighborhoods.

Is Rent Going Up or Down in Downtown?

As of June 2026, the average rent in Downtown is $2,206 per month across 25 apartment communities and 125 available units. Rents have increased $94 (4.7%) over the past month.

The most affordable option is Mill Hollow Apartments starting at $1,255/mo. By unit type, a 2-bedroom averages $2,206/mo.

Prices range from $1,255 to $3,942 per month. The most common price point is the $2,600 range, where 21 units are currently listed.

Downtown Rent Price History

Window

Rent Price Distribution

Rent by Bedroom Type in Downtown

2 Bed

$2,206

from $1,255 · 125 units

Rent Prices by Apartment in Downtown

Property	Starting at	Average	Units	Rating
Mill Hollow Apartments	$1,255/mo	$1,255/mo	1	4.2
Park Guilderland Apartment Homes	$1,450/mo	$1,555/mo	2	2.6
Strawberry Ridge Apartments	$1,465/mo	$2,033/mo	11	3.4
Malta Pointe Apartments	$1,472/mo	$1,537/mo	6	2.5
London Square & Blue Spruce Apartments	$1,502/mo	$1,700/mo	4	3.4
Carpenter Village Apartments	$1,520/mo	$1,520/mo	1	3.5
Squire Park Apartments	$1,554/mo	$1,760/mo	5	3.3
Twin Lakes Clifton Park Apartments	$1,569/mo	$1,765/mo	4	3.2
Fairwood Apartments	$1,585/mo	$1,683/mo	6	3.7
Bethlehem Terrace Apartments	$1,625/mo	$1,779/mo	5	2.9
Crescent Village Apartments	$1,755/mo	$1,773/mo	3	4.1
Regency Park Apartments	$1,795/mo	$1,909/mo	5	4.2
The Ellsworth	$1,832/mo	$2,002/mo	5	3.7
Elements at Saratoga Lake	$1,890/mo	$2,472/mo	3	4.4
The Landings Apartments	$1,899/mo	$1,995/mo	5	3.7
Forrest Pointe Apartments and Townhomes	$1,905/mo	$2,285/mo	3	4.1
Solara Luxury Apartments	$2,060/mo	$2,286/mo	6	3.9
Rosegate Apartments	$2,170/mo	$2,195/mo	2	5
Adams Station Apartments	$2,275/mo	$2,487/mo	3	4.2
Longport Manor Apartments	$2,370/mo	$2,400/mo	2	5
Winner's Circle at Saratoga	$2,426/mo	$2,614/mo	24	4.5
GrandeVille at Malta	$2,459/mo	$2,694/mo	11	4.3
Lofts at Kelley Farms	$2,475/mo	$2,475/mo	1	4.3
The Lofts at Saratoga Blvd	$2,725/mo	$2,750/mo	3	4.7
The Hamlet at Saratoga Springs	$3,087/mo	$3,516/mo	4	4.5

Google Search Trends for Downtown 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 Downtown

What is the average rent in Downtown?

The average rent in Downtown is $2,206 per month as of June 2026, based on 125 units across 25 apartment communities.

Is rent going up or down in Downtown?

Rent in Downtown has increased $94 (4.7%) over the past month. The current average is $2,206/mo.

What is the cheapest apartment in Downtown?

The most affordable apartment in Downtown is Mill Hollow Apartments with units starting at $1,255/mo.

How many apartments are available in Downtown?

There are 125 units available across 25 apartment communities 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

$88,000/year

Based on the 30 percent rule, using our tracked average rent of $2,206/mo.

Comfortable income

$106,000/year

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

To afford the cheapest tracked apartment ($1,255/mo), you need to earn at least $50,000/year.

Median household income in Downtown is $59,485 , about 44% 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	Source
Rent (market average)	$2,206	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	$5,289/mo	$63,466/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

See neighborhoods and rent data interactively

US-wide rent comparison

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