Last updated
Average Rent in Albany, NY & Rent Trends
Rent prices and market trends across 12 apartment communities in Albany, NY. Updated daily.
Market Average
$2,094/mo
▲ +20.1% from last month
Lowest Available
$1,275/mo
cheapest unit on market
Communities
12
tracked daily
Units Listed
43
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 | $2,475 | $2,350 | 1 | 2 |
| Albany 12144 | $2,165 | $1,950 | 1 | 6 |
| Albany 12205 | $2,000 | $2,000 | 1 | 1 |
| Albany 12180 | $1,936 | $1,571 | 2 | 28 |
| Albany 12206 | $1,921 | $1,325 | 2 | 46 |
| Ten Broeck Triangle | $1,912 | $1,615 | 2 | 16 |
| Albany 12182 | $1,678 | $1,175 | 2 | 7 |
Is Rent Going Up or Down in Albany, NY?
As of May 2026, the average rent in Albany, NY is $2,094 per month across 12 apartment communities and 43 available units. Rents have increased $327 (20.1%) over the past month.
The most affordable option is Diamond Rock Terrace starting at $1,275/mo. By unit type, a 2-bedroom averages $2,094/mo.
Prices range from $1,275 to $2,851 per month. The most common price point is the $2,200 range, where 12 units are currently listed.
Albany, NY Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Albany, NY
Rent Prices by Apartment in Albany, NY
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Diamond Rock Terrace | $1,275/mo | $1,275/mo | 2 | 3.9 |
| Capitol Crossings Apartments | $1,465/mo | $1,527/mo | 6 | 3.3 |
| Columbia Gardens | $1,499/mo | $1,566/mo | 2 | 3.6 |
| Fenimore Trace Apartments | $1,620/mo | $1,630/mo | 2 | 4.6 |
| Riverstone Apartment | $1,780/mo | $1,857/mo | 3 | 4.3 |
| Lake Shore Park Apartments | $1,815/mo | $1,815/mo | 1 | 2.5 |
| Abraxas at 90 State Apartments | $1,825/mo | $2,095/mo | 2 | 4.4 |
Google Search Trends for Albany, NY Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Albany, NY
What is the average rent in Albany, NY?
Is rent going up or down in Albany, NY?
What is the cheapest apartment in Albany, NY?
How many apartments are available 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
$84,000/year
30 percent rule -- using our average rent of $2,094/mo.
Comfortable income
$101,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,275/mo), you need to earn at least $51,000/year.
Median household income in Albany, NY is $59,485 , about 41% 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) | $2,094 |
| Utilities | $399 |
| Groceries | $526 |
| Transportation | $951 |
| Healthcare | $464 |
| Other goods and services | $743 |
| Estimated total | $5,177/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 Albany, NY Apartments
Browse all 12 communities with daily-updated pricing and availability.