The average asking rent in Albany’s 12203 ZIP code is $1,961 in Q2 2026. That sits 3.3% above the $1,899 average across Albany, NY as a whole.
Studios average $2,789 in 12203, the highest figure of any bedroom class in the ZIP. One-bedrooms are the cheapest of the four at $1,727, well below the ZIP’s own $1,961 blended average. Two-bedrooms land close to that blended figure at $1,971, and three-bedrooms take the second-highest spot at $2,614.
Studios and three-bedrooms price well above the one- and two-bedroom units in 12203:
| Bedrooms | Avg rent |
|---|---|
| Studio | $2,789 |
| 1BR | $1,727 |
| 2BR | $1,971 |
| 3BR | $2,614 |
The 12203 trends page tracks that $1,961 area average against next quarter’s numbers, while the Albany rent trends page lines the ZIP up against the $1,899 city figure. Zoom out at the New York rent trends page or the US rent trends pillar, browse active listings at Search, or check How the data works for the methodology behind every number here.
Based on real asking prices across tracked Albany 12203 apartments, refreshed every morning.