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Apartments in Downtown Albany

1 - 30 of 124 Results
1
$1,300 - 1,600
5 Sherman St
Albany, NY
Studio | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Surface Parking
Storage
64
$1,500 - 1,900
20 Park St Unit S-03
Albany, NY
Studio - 2 BR | Ask for Availability
Contact
Downtown Albany
9
$1,600
20 Park St
Albany, NY
Studio | Ask for Availability
Contact
Downtown Albany
35
$1,500 - 2,100
20 Park St
Albany, NY
Studio - 1 BR | Ask for Availability
Contact
Downtown Albany
6
$1,250
The Palmer House Apartments
1 Columbia Place Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
Downtown Albany
5
$1,975
49 Sheridan Avenue
Albany, NY
2 BR | Available Now
Contact
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
1
$995
251 State Llc
251 State St Albany, NY
Studio | Apr. 1, 2025
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Downtown Albany
20
$1,530 - 2,760
Abraxas at 90 State
Deal
90 State St Albany, NY
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
1
$2,400
60 State St
Albany, NY
2 BR | Feb. 14, 2025
Contact
Downtown Albany
1
$1,295
318 State St
Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$1,650 - 2,800
191 North Pearl
191 N Pearl St Albany, NY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
18
$1,175
29 Elm St
Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Downtown Albany
7
$2,000
48 Elm Llc
48 Elm St Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
Dishwasher
Downtown Albany
13
$1,375
74 Grand St Unit 3
Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Downtown Albany
1
$2,025
328 Hudson Ave
Albany, NY
2 BR | Jan. 1, 2025
Contact
Dog Friendly
Cat Friendly
Downtown Albany
1
$975
81 Ten Broeck St
Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
7
$1,090
86 Grand St Unit 3
Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Downtown Albany
17
$1,195
103 Ten Broeck St Gdn
Albany, NY
1 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
21
$1,700
184 S Swan St Unit 1
Albany, NY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
7
$1,500
169 Myrtle Ave Apt B
Albany, NY
3 BR | Available Now
Contact
Cat Friendly
1
$950 - 1,300
@hudsonpark
160 Myrtle Ave Albany, NY
Studio - 1 BR | Available Now
Contact
Cat Friendly
1
$1,500 - 1,900
Lofts @ Spruce
242 Spruce St Albany, NY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
7
$1,250
4 Myrtle Ave Unit 1st
Albany, NY
1 BR | Available Now
Contact
11
$1,400
4 Myrtle Ave Unit 2nd
Albany, NY
2 BR | Available Now
Contact
Dishwasher
5
$1,800 - 2,100
Hinckel Brewery Development Llc
201 Park Ave Albany, NY
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
18
$1,250
32 Park Ave Unit 3rd
Albany, NY
2 BR | Available Now
Contact
Cat Friendly
14
$1,435 - 1,700
Willett Apartments
88 Willett Street Albany, NY
2 - 3 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Section 8
Fitness Center
14
$1,200
3 Dana Ave
Albany, NY
1 BR | Available Now
Contact
Storage
1
$825 - 1,050
1+ Bedrooms Available With Dens And Terraces
26 Dana Avenue Albany, NY
Studio - 2 BR | Ask for Availability
Contact
11
$1,800
109 Central Ave Unit 1st
Albany, NY
1 BR | Available Now
Contact
1 - 30 of 124 Results
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  2. Albany
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Frequently Asked Questions

How many apartments are available in Downtown Albany on Rentable.co?

Rentable.co has over 124 apartments available near Downtown Albany.

What is the average rent for a studio apartment in Downtown Albany?

The average rent for a studio apartment near Downtown Albany is around $1,510 per month.

What is the average rent for a one-bedroom apartment in Downtown Albany?

The average rent for a one-bedroom apartment near Downtown Albany is around $1,250 per month.

What is the average rent for a two-bedroom apartment in Downtown Albany?

The average rent for a two-bedroom apartment near Downtown Albany is around $1,575 per month.

How many apartments are available in Albany, NY on Rentable.co?

Rentable.co has over 2,924 apartments available in Albany.

What is the average rent for a studio apartment in Albany, NY?

The average rent for a studio apartment in Albany is around $1,600 per month.

What is the average rent for a one-bedroom apartment in Albany, NY?

The average rent for a one-bedroom apartment in Albany is around $1,250 per month.

What is the average rent for a two-bedroom apartment in Albany, NY?

The average rent for a two-bedroom apartment in Albany is around $1,730 per month.

How expensive is it to rent an apartment in Albany, NY?

For a two-bedroom apartment in Albany, the average rent price is $1,730 per month, which is higher than the national average of $1,600 per month.

Can I afford an apartment for rent in Albany, NY?

Based on average rent prices in Albany, to afford a studio apartment you would need an annual household income of $64,000 to live comfortably.

Downtown Albany Neighborhood Summary

Albany is a city filled with rich history that shows through its many landmarks, various neighborhoods, and numerous unique places to hang out. Of course, the city’s pulse is defined by downtown. There are many bars and restaurants to choose from for some mouth-watering bites and fantastic drinks. Explore themany museums the area has to offer. If you’re looking for history in action, you can celebrate the city’s Dutch beginnings at the annual Tulip festival. Even the residential areas are vibrant and exciting!

Albany:
December Rent Report

Welcome to the December 2024 Albany Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Albany rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Albany and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Albany average rent prices in the chart below.

Monthly Rent Report

$1,750
$1,310
$880
$440
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Albany Rent Prices Decrease From November to December

Albany rent prices decreased over the last month. From November to December, the city experienced a -0.69% decrease for the price of a one-bedroom apartment. The rent price for a Albany one-bedroom apartments currently stands at $1,302.0.

When we take a look at the two-bedroom comparison from November to December, Albany experienced a 4.09% increase for the price of a two-bedroom apartment. The rent price for a Albany two-bedroom apartments currently stands at $1,678.0.

December Prices: Albany vs. Surrounding Areas

Cohoes, NY
Clifton Park, NY
Troy, NY
Watervliet, NY
Guilderland, NY
Albany, NY
Niskayuna, NY
Schenectady, NY
$1,779
$1,675
$1,600
$1,435
$1,330
$1,311
$1,272
$1,205
$0
$600
$1,200
$1,800
$2,400
Median 1 BR Rent

Rent Prices in Albany and Surrounding Areas

Rent prices have decreased in Albany over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Albany suburb increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Schenectady, NY .

  • Rent decreased in Troy, NY, Cohoes, NY, Clifton Park, NY, Watervliet, NY, Niskayuna, NY, Guilderland, NY.

  • 5 suburbs are currently priced higher than the city of Albany.

  • 2 suburbs are currently priced lower than the city of Albany.

December 2024 Pricing Trends: Albany vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Albany, NY
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,311
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Albany Rent Prices More Affordable Than Major Cities

Rent growth in Albany over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Albany average rent prices appear to be relatively affordable for local residents.

The price for a Albany one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Albany and surrounding area rent prices, take a look at the complete data set below.

Data set for Albany and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Albany, NY $1,311.0 -2.38% $1,612.0 2.22%
Troy, NY $1,600.0 0.00% $1,372.0 4.89%
Cohoes, NY $1,779.0 -1.39% $2,029.0 -1.27%
Clifton Park, NY $1,675.0 -1.70% $2,014.0 -0.20%
Watervliet, NY $1,435.0 0.00% $1,554.0 -0.13%
Niskayuna, NY $1,272.0 0.00% $1,540.0 -0.39%
Schenectady, NY $1,205.0 5.89% $1,291.0 1.81%
Guilderland, NY $1,330.0 0.00% $1,774.0 0.00%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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