Apartments in 12208

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8
$925 - 1,075
385 Morris St Albany, NY
1 - 2 BR | Ask for Availability
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1
$825 - 1,050
26 Dana Avenue Albany, NY
Studio - 2 BR | Ask for Availability
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$2,295
417 Whitehall Rd Albany, NY
2 BR | Available Now
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How much does it cost to rent an apartment in 12208?

12208 apartments
Bed Type Average Rent Range
Studio $830 $830 - $900
1BR $1,200 $830 - $1,850
2BR $1,540 $1,050 - $2,190
3BR $1,980 $1,500 - $2,600
4+BR $2,270 $500 - $3,000
Find an Apartment in 12208
Looking for apartments near 12208 in Albany, NY? Rentable currently has 105 units available for rent in this area. The average rent in the 12208 zip code is $1,600, with the lowest rent for a 4-bedroom floor plan starting at $500.

12208 is a desirable area with several points of interest and amenities nearby. Washington Park, a beautiful urban park, is just a short distance away. This park offers a tranquil escape from city life and is perfect for outdoor activities such as picnics and jogging. Additionally, you'll find a variety of restaurants and shops within easy reach of the 12208 zip code.

If you're searching for apartments in 12208 Albany, NY, look no further. Rentable has a wide selection of rental units in this area, catering to different budgets and preferences. Explore our listings and find the perfect apartment that meets your needs.

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.