Last updated
Average Rent in Downtown & Rent Trends
Rent prices and market trends across 25 apartment communities in Downtown, Albany, NY. Updated daily.
Market Average
$2,086/mo
▼ 5.6% from last month
Lowest Available
$1,255/mo
cheapest unit on market
Communities
25
tracked daily
Units Listed
239
available now
Downtown vs Albany, NY Average
Downtown is more expensive the Albany, NY average by $194/mo (10%). The citywide average is $1,892/mo across all neighborhoods.
Is Rent Going Up or Down in Downtown?
As of June 2026, the average rent in Downtown is $2,086 per month across 25 apartment communities and 239 available units. Rents have decreased $121 (5.6%) over the past month.
The most affordable option is Mill Hollow Apartments starting at $1,255/mo. By unit type, a studio averages $1,929/mo, a 1-bedroom averages $1,821/mo, a 2-bedroom averages $2,260/mo, a 3-bedroom averages $2,699/mo.
Prices range from $1,255 to $3,942 per month. The most common price point is the $1,800 range, where 44 units are currently listed.
Downtown Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Downtown
Rent Prices by Apartment in Downtown
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Mill Hollow Apartments | $1,255/mo | $1,303/mo | 2 | 4.2 |
| London Square & Blue Spruce Apartments | $1,303/mo | $1,563/mo | 14 | 3.4 |
| Strawberry Ridge Apartments | $1,375/mo | $1,915/mo | 19 | 3.4 |
| Park Guilderland Apartment Homes | $1,380/mo | $1,575/mo | 5 | 2.6 |
| Parkwood Village Apartments | $1,385/mo | $1,640/mo | 3 | 3 |
| Twin Lakes Clifton Park Apartments | $1,394/mo | $1,683/mo | 18 | 3.2 |
| Solara Luxury Apartments | $1,435/mo | $1,995/mo | 11 | 3.9 |
Google Search Trends for Downtown Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
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
$83,000/year
Based on the 30 percent rule, using our tracked average rent of $2,086/mo.
Comfortable income
$100,000/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 41% 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) | $2,086 |
| Utilities | $399 |
| Groceries | $526 |
| Transportation | $951 |
| Healthcare | $464 |
| Other goods and services | $743 |
| Estimated total | $5,169/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.
Explore Downtown Apartments
Browse all 25 communities with daily-updated pricing and availability.