Last updated July 6, 2026

Average Rent in Albany, NY & Rent Trends

Rent prices and market trends across 71 apartment communities in Albany, NY. Updated daily.

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

Market Average

$1,721/mo

▲ +2.7% from last month

Lowest Available

$720/mo

cheapest unit on market

Communities

tracked daily

Units Listed

272

available now

Rent by Neighborhood in Albany, NY

Compare average rent across Albany, NY neighborhoods. Click any area to see detailed trends.

Neighborhood	Avg Rent	From	Properties	Units
Albany 12211	$2,625	$2,550	1	2
Albany 12020	$2,562	$1,995	2	8
Albany 12866	$2,463	$2,100	1	6
Delmar	$2,371	$2,015	2	8
Albany 12019	$2,350	$2,225	1	2
Albany 12144	$2,232	$1,975	1	3
Cohoes 12047	$2,186	$1,525	2	16
Menands 12204	$2,161	$1,284	2	14
Albany 12203	$2,150	$1,490	5	48
Albany 12188	$2,113	$1,460	1	13
Buckingham Lake	$2,090	$1,950	2	5
Albany 12204	$2,082	$1,260	1	10
Downtown	$2,062	$1,075	21	240
Albany 12110	$1,966	$1,151	2	13
Second Avenue	$1,937	$725	5	27
Albany 12303	$1,932	$1,215	2	5
Ten Broeck Triangle	$1,911	$1,497	2	4
Albany 12302	$1,910	$1,595	1	2
Latham 12110	$1,898	$1,450	2	16
Albany 12180	$1,894	$975	3	5
Albany 12306	$1,883	$1,425	3	17
Albany 12159	$1,751	$1,485	3	13
Albany 12009	$1,739	$1,255	3	5
Albany 12304	$1,731	$1,600	2	2
Arbor Hill	$1,729	$1,640	1	7
Rensselaer 12144	$1,690	$1,675	1	2
Albany 12309	$1,593	$1,375	1	10
Albany 12308	$1,585	$1,230	2	41
Troy 12180	$1,540	$999	6	50
Albany 12205	$1,540	$985	6	27
Schenectady 12309	$1,488	$1,480	1	2
Albany 12305	$1,475	$926	2	4
Albany 12065	$1,432	$800	3	19
Albany 12085	$1,375	$1,195	1	3
Watervliet 12189	$1,342	$1,127	1	4
Albany 12206	$1,335	$650	2	22
Schenectady 12305	$1,169	$802	2	6

Is Rent Going Up or Down in Albany, NY?

As of July 2026, the average rent in Albany, NY is $1,721 per month across 71 apartment communities and 272 available units. Rents have increased $50 (2.7%) over the past month.

The most affordable option is Livingston School Apartments starting at $720/mo. By unit type, a 1-bedroom averages $1,721/mo.

Prices range from $720 to $2,745 per month. The most common price point is the $1,800 range, where 62 units are currently listed.

Albany, NY Rent Price History

Window

Rent Price Distribution

Rent by Bedroom Type in Albany, NY

1 Bed

$1,721

from $720 · 272 units

Rent Prices by Apartment in Albany, NY

Property	Starting at	Average	Units	Rating
Livingston School Apartments	$720/mo	$720/mo	1	4.3
Veno Properties	$800/mo	$1,155/mo	8	4.3
Hillside Crossing Apartments	$815/mo	$815/mo	1	4.1
Knox Street Apartments	$974/mo	$974/mo	1	4.1
Park Place at Brook Edge Apartments	$975/mo	$975/mo	1	4.9
Highland Club Apartments	$1,127/mo	$1,127/mo	1	2.5
Park Guilderland Apartment Homes	$1,195/mo	$1,305/mo	2	2.6
Schuyler Commons	$1,215/mo	$1,512/mo	3	4.1
Mohawk Village Garden Apartments	$1,215/mo	$1,330/mo	2	3.7
Northside Village	$1,230/mo	$1,383/mo	15	4.1
Park Ridge Apartments	$1,275/mo	$1,285/mo	2	4.1
Hudson Pointe Apartments	$1,290/mo	$1,371/mo	2	2.5
Harbour Point Gardens	$1,295/mo	$1,417/mo	5	3.7
London Square & Blue Spruce Apartments	$1,315/mo	$1,491/mo	8	3.4
Sheridan Apartments	$1,320/mo	$1,320/mo	1	4.4
Capitol Crossings Apartments	$1,325/mo	$1,343/mo	12	3.3
Mill Hollow Apartments	$1,350/mo	$1,350/mo	1	4.2
Foxrun Apartments	$1,352/mo	$1,420/mo	2	2.5
Tall Oaks Apartments	$1,375/mo	$1,425/mo	4	3.7
Burdeck Street Apartments	$1,425/mo	$1,425/mo	1	4.5
Malta Pointe Apartments	$1,428/mo	$1,454/mo	3	2.5
Riverhill Apartments	$1,429/mo	$1,479/mo	2	4.2
Solara Luxury Apartments	$1,435/mo	$1,654/mo	7	3.9
netZero Village	$1,435/mo	$1,435/mo	1	4.1
Strawberry Ridge Apartments	$1,460/mo	$1,708/mo	2	3.4
Parkwood Village Apartments	$1,470/mo	$1,470/mo	1	3
Twin Lakes Clifton Park Apartments	$1,471/mo	$1,672/mo	13	3.2
Hampshire Apartments	$1,480/mo	$1,488/mo	2	4.8
Bethlehem Terrace Apartments	$1,485/mo	$1,485/mo	3	2.9
Squire Park Apartments	$1,486/mo	$1,560/mo	3	3.3
Fairwood Apartments	$1,500/mo	$1,600/mo	2	3.7
Towers of Colonie	$1,520/mo	$1,555/mo	4	4
Harmony Hill	$1,575/mo	$1,590/mo	2	4.6
Towne Towers	$1,585/mo	$1,585/mo	1	4.5
Glen Esk Apartments	$1,595/mo	$1,595/mo	1	4
Abraxas at 90 State Apartments	$1,600/mo	$1,775/mo	2	4.4
Colonie East Apartments	$1,606/mo	$1,606/mo	1	3.9
Woodlake Apartments	$1,610/mo	$1,672/mo	9	4.3
Bridgewater Apartments	$1,615/mo	$1,615/mo	1	4.2
75 Willett Apartments	$1,640/mo	$1,729/mo	7	4
Rosegate Apartments	$1,650/mo	$1,858/mo	4	5
Stonehenge Gardens	$1,660/mo	$1,668/mo	2	4.6
Regency Park Apartments	$1,665/mo	$1,718/mo	7	4.2
Capitol View Apartments	$1,675/mo	$1,690/mo	2	4.8
Forrest Pointe Apartments and Townhomes	$1,715/mo	$1,765/mo	2	4.1
Liberty Pointe	$1,720/mo	$1,877/mo	7	4.2
The Alexander Apartments	$1,749/mo	$1,914/mo	14	4.5
Steuben Place Apartments	$1,750/mo	$1,750/mo	1	2.6
The Landings Apartments	$1,780/mo	$1,834/mo	6	3.7
Lofts at Frog Alley	$1,790/mo	$1,863/mo	2	4.3
The Ellsworth	$1,803/mo	$1,834/mo	9	3.7
Shelter Cove Apartments	$1,818/mo	$2,069/mo	3	3.9
Winner's Circle at Saratoga	$1,832/mo	$1,993/mo	18	4.5
The News Apartments	$1,847/mo	$1,949/mo	8	4
Industrie Apartments	$1,875/mo	$1,875/mo	1	4.2
Longport Manor Apartments	$1,930/mo	$2,034/mo	5	5
GrandeVille at Malta	$1,930/mo	$2,049/mo	10	4.3
The Rise \| Pine Hills	$1,950/mo	$1,950/mo	1	4.3
Parkside Village Apartments	$1,950/mo	$1,950/mo	1	3.8
Carpenter Village Apartments	$1,955/mo	$1,955/mo	1	3.5
Adams Station Apartments	$2,015/mo	$2,213/mo	4	4.2
Park South Apartments	$2,080/mo	$2,147/mo	3	4.7
The Residences at the Crossings	$2,100/mo	$2,100/mo	2	4.8
The Montclair a 55+ Community	$2,100/mo	$2,100/mo	2	4.5
The Rise \| Midtown Square	$2,100/mo	$2,125/mo	4	5
Elements at Saratoga Lake	$2,100/mo	$2,313/mo	4	4.4
Albany Lofts at One Broadway Apartments	$2,165/mo	$2,364/mo	4	4.2
The Lofts at Saratoga Blvd	$2,200/mo	$2,200/mo	1	4.7
Perennial Apartments	$2,385/mo	$2,385/mo	1	4.5
The Hamlet at Saratoga Springs	$2,489/mo	$2,564/mo	2	4.5
The Spinney at Van Dyke	$2,600/mo	$2,600/mo	1	4.8

Google Search Trends for Albany, NY 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 Albany, NY

What is the average rent in Albany, NY?

The average rent in Albany, NY is $1,721 per month as of July 2026, based on 272 units across 71 apartment communities.

Is rent going up or down in Albany, NY?

Rent in Albany, NY has increased $50 (2.7%) over the past month. The current average is $1,721/mo.

What is the cheapest apartment in Albany, NY?

The most affordable apartment in Albany, NY is Livingston School Apartments with units starting at $720/mo.

How much is a 1-bedroom apartment in Albany, NY?

A 1-bedroom apartment in Albany, NY averages $1,721/mo, with prices starting at $720/mo across 272 available units.

How many apartments are available in Albany, NY?

There are 272 units available across 71 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

$69,000/year

Based on the 30 percent rule, using our tracked average rent of $1,721/mo.

Comfortable income

$83,000/year

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

To afford the cheapest tracked apartment ($720/mo), you need to earn at least $29,000/year.

Median household income in Albany, NY is $59,485 , about 28% 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)	$1,721	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	$4,804/mo	$57,646/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

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US-wide rent comparison

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