Last updated August 4, 2026

Average Rent in Albany, NY & Rent Trends

Rent prices and market trends across 22 apartment communities in Albany, NY. Updated daily.

Area All Areas Arbor Hill Buckingham Lake Delmar Downtown Second Avenue Ten Broeck Triangle Vale & Eastern Ave

Schenectady 12302 12303 12304 12305 12306

Albany 12203 12205 12206

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

Market Average

$2,258/mo

▼ 5.4% from last month

Lowest Available

$999/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Price Cuts This Week in Albany, NY

89 listed units across 9 buildings offering 3 bed units in Albany, NY dropped their asking rent in the past 7 days, an average cut of $99/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
Oxford Heights	Unit 5	$2,847	$2,614	$233
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

See today's prices on all 50 listed units

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
Guilderland 12084	$2,900	▼ $42	$2,350	1	8
Ballston Lake 12019	$2,475	▲ $125	$2,475	1	1
Delmar	$2,408	$0	$1,365	2	14
Saratoga Springs 12866	$2,401	▲ $17	$2,086	2	19
Ballston Spa 12020	$2,243	▼ $189	$1,800	3	11
Latham 12110	$2,197	▲ $338	$1,249	6	36
Schenectady 12303	$2,084	▲ $111	$1,440	2	7
Albany 12203	$2,053	▲ $142	$1,417	5	50
Rensselaer 12144	$2,050	▲ $14	$1,715	3	4
Downtown	$2,040	▼ $94	$1,224	16	225
Cohoes 12047	$2,037	▼ $98	$1,247	3	12
Menands 12204	$1,987	▲ $57	$1,284	3	26
Ten Broeck Triangle	$1,937	▲ $69	$1,599	2	4
Second Avenue	$1,920	▲ $59	$1,000	4	45
Altamont 12009	$1,885	▼ $193	$1,435	2	11
Slingerlands 12159	$1,828	▲ $223	$1,485	3	17
Schenectady 12306	$1,779	▼ $29	$1,395	3	6
Clifton Park 12065	$1,769	▲ $102	$1,129	4	17
Schenectady 12302	$1,764	▼ $202	$1,595	1	5
Buckingham Lake	$1,723	▼ $140	$974	4	14
Schenectady 12304	$1,660	▼ $96	$1,565	2	3
Niskayuna 12309	$1,653	▲ $61	$1,230	5	55
Troy 12180	$1,597	▼ $117	$950	8	49
Guilderland Center 12085	$1,465	▼ $11	$1,345	1	3
Albany 12205	$1,443	▼ $299	$985	6	28
Waterford 12188	$1,435	▼ $652	$1,435	1	1
Watervliet 12189	$1,392	▲ $34	$1,153	1	4
Arbor Hill	$1,375	▼ $43	$1,375	1	1
Albany 12206	$1,362	▲ $128	$650	4	29
Schenectady 12305	$1,166	▲ $5,482	$609	4	11
Vale & Eastern Ave	$864	▼ $106	$802	1	4

Is Rent Going Up or Down in Albany, NY?

As of August 2026, the average rent in Albany, NY is $2,258 per month across 22 apartment communities and 50 available units. Rents have decreased $113 (5.4%) over the past month.

The most affordable option is Incite at Troy starting at $999/mo. By unit type, a 3-bedroom averages $2,258/mo.

Prices range from $999 to $3,655 per month. The most common price point is the $2,600 range, where 12 units are currently listed.

Albany, NY Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
June 2026	$2,076	-	18
July 2026	$1,971	-$105	23
August 2026	$1,969	-$2	21

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 Albany, NY

3 Bed

$2,258

from $999 · 50 units

Rent Prices by Apartment in Albany, NY

Property	Starting at	Average	Units	Rating
Incite at Troy	$999/mo	$1,017/mo	3	4.8
Auden Albany	$1,079/mo	$1,079/mo	2	3.9
Danker Village Apartments	$1,571/mo	$1,571/mo	1	2.3
Cohoes Falls	$1,629/mo	$1,629/mo	1	3.8
Northside Village	$1,792/mo	$1,892/mo	5	4.1
Malta Pointe Apartments	$1,810/mo	$1,810/mo	1	2.5
Twin Lakes Clifton Park Apartments	$1,828/mo	$2,175/mo	5	3.2
Van Allen Apartments	$1,845/mo	$1,995/mo	2	4.3
Capitol Crossings Apartments	$1,860/mo	$1,860/mo	1	3.3
Bridgewater Apartments	$1,970/mo	$1,970/mo	1	4.2
Columbia Woods Apartments	$1,977/mo	$2,165/mo	2	3.7
London Square & Blue Spruce Apartments	$2,141/mo	$2,184/mo	2	3.4
Oxford Heights	$2,189/mo	$2,402/mo	2	4.3
The Ellsworth	$2,357/mo	$2,576/mo	4	3.7
Guilderland Court Apartments	$2,450/mo	$2,450/mo	1	4.7
The Preserve At West Creek	$2,450/mo	$2,450/mo	1	3.6
Winner's Circle at Saratoga	$2,594/mo	$2,732/mo	10	4.5
Shelter Cove Apartments	$2,817/mo	$2,817/mo	1	3.9
Colonie East Apartments	$2,941/mo	$2,941/mo	1	3.9
Excelsior North Greenbush	$3,000/mo	$3,000/mo	2	4.9
The Alexander Apartments	$3,100/mo	$3,100/mo	1	4.5
GrandeVille at Malta	$3,655/mo	$3,655/mo	1	4.3

Frequently Asked Questions About Rent in Albany, NY

What is the average rent in Albany, NY?

The average rent in Albany, NY is $2,258 per month as of August 2026, based on 50 units across 22 apartment communities.

Is rent going up or down in Albany, NY?

Rent in Albany, NY has decreased $113 (5.4%) over the past month. The current average is $2,258/mo.

What is the cheapest apartment in Albany, NY?

The most affordable apartment in Albany, NY is Incite at Troy with units starting at $999/mo.

How many apartments are available in Albany, NY?

There are 50 units available across 22 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

$90,000/year

Based on the 30 percent rule, using our tracked average rent of $2,258/mo.

Comfortable income

$108,000/year

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

To afford the cheapest tracked apartment ($999/mo), you need to earn at least $40,000/year.

Median household income in Albany, NY is $59,485 , about 45% 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)	$2,258	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	$5,341/mo	$64,090/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

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