Average Rent in Albany, NY
21 apartment buildings, 124 units. Real asking prices, refreshed daily. 22 more available with Average Rent Pro
Avg Rent
$1,869/mo
Cheapest
$1,069/mo
Properties
21
Units
124
Analysis
Rent Price Breakdown
Compare pricing across all 21 properties in Albany, NY.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Albany, NY Rent Prices
All 21 properties ranked by lowest available rent.
35 Broadway
35 Broadway, Menands, NY 12204, USA
Tilley Lofts
101 1st St, Watervliet, NY 12189, USA
Village One Apartments
587 Broadway #1, Menands, NY 12204, USA
Diamond Rock Terrace
11-13 Gurley Ave, Troy, NY 12182, USA
Columbia Gardens
121 Columbia Gardens, Cohoes, NY 12047, USA
Capitol Crossings Apartments
1 Bleecker Ter #100, Albany, NY 12206, USA
Fenimore Trace Apartments
13 Fenimore Trace, Watervliet, NY 12189, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | 35 Broadway 35 Broadway, Menands, NY 12204, USA | $1,069 | $1,069 | -- | 4 (4) | 1 |
| 2 | Tilley Lofts 101 1st St, Watervliet, NY 12189, USA | $1,100 | $1,267 | $1.02 | 3.6 (29) | 3 |
| 3 | Village One Apartments 587 Broadway #1, Menands, NY 12204, USA | $1,150 | $1,270 | $2.01 | 3.2 (107) | 2 |
| 4 | Diamond Rock Terrace 11-13 Gurley Ave, Troy, NY 12182, USA | $1,175 | $1,242 | $1.63 | 3.9 (53) | 3 |
| 5 | Columbia Gardens 121 Columbia Gardens, Cohoes, NY 12047, USA | $1,324 | $1,519 | $2.17 | 3.6 (65) | 4 |
| 6 | Capitol Crossings Apartments 1 Bleecker Ter #100, Albany, NY 12206, USA | $1,325 | $1,404 | $2.46 | 3.3 (61) | 19 |
| 7 | Fenimore Trace Apartments 13 Fenimore Trace, Watervliet, NY 12189, USA | $1,510 | $1,575 | $1.97 | 4.6 (13) | 5 |
Explore Each Property
35 Broadway
4 (4)35 Broadway, Menands, NY 12204, USA
Tilley Lofts
3.6 (29)101 1st St, Watervliet, NY 12189, USA
Village One Apartments
3.2 (107)587 Broadway #1, Menands, NY 12204, USA
Diamond Rock Terrace
3.9 (53)11-13 Gurley Ave, Troy, NY 12182, USA
Columbia Gardens
3.6 (65)121 Columbia Gardens, Cohoes, NY 12047, USA
Capitol Crossings Apartments
3.3 (61)1 Bleecker Ter #100, Albany, NY 12206, USA
Albany, NY Average Rent Prices 2026
The average rent in Albany, NY is $1,869 per month, based on 124 units across 21 apartment communities. Prices range from $1,069 at 35 Broadway to $2,350 at Rentahousefast.com.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,662/mo | $1,100/mo | 23 |
| 1 Bed | $1,740/mo | $1,069/mo | 54 |
| 2 Bed | $2,094/mo | $1,275/mo | 43 |
| 3 Bed | $2,394/mo | $2,100/mo | 4 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Albany, NY, and what they pay
Tracked one-bedroom rent in Albany, NY averages $1,740/mo, with two-bedroom units averaging $2,094/mo. At the local median household income of $59,485, that works out to 38% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Albany, NY at $1,178/mo. The current tracked market average runs 59% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Albany, NY while the tracked market average covers units currently listed in larger apartment communities.
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
$75,000/year
30 percent rule -- using our average rent of $1,869/mo.
Comfortable income
$90,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,069/mo), you need to earn at least $43,000/year.
Median household income in Albany, NY is $59,485 , about 34% 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 |
|---|---|
| Rent (market average) | $1,869 |
| Utilities | $399 |
| Groceries | $526 |
| Transportation | $951 |
| Healthcare | $464 |
| Other goods and services | $743 |
| Estimated total | $4,952/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.
Compare
Nearby cities in New York
How Albany, NY rent compares to other markets in the state.
| City | Avg Rent | vs Albany, NY | Properties |
|---|---|---|---|
| Brooklyn, NY | $4,528 | +142% | 10 |
| Rochester, NY | $1,816 | -3% | 9 |
| Cohoes, NY | $1,969 | +5% | 8 |
| Troy, NY | $1,887 | +1% | 6 |
| Syracuse, NY | $1,771 | -5% | 6 |
| Buffalo, NY | $1,739 | -7% | 6 |
Frequently asked questions
What is the average rent in Albany, NY?
The average rent in Albany, NY is $1,869 per month, based on 124 units across 21 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Albany, NY?
The lowest available rent in Albany, NY starts at $1,069 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Albany, NY?
1-bedroom apartments in Albany, NY average $1,740/mo. The lowest listed 1-bedroom starts at $1,069/mo across 54 units tracked.
How much is a 2-bedroom apartment in Albany, NY?
2-bedroom apartments in Albany, NY average $2,094/mo. Units start from $1,275/mo across 43 units currently listed.
Rent Trends in Albany, NY
Track how apartment prices are changing over time.
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