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Updated 5+ Days Ago
Location
42 Terrace Ave, Albany, NY 12203, USA|Melrose
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
About 42 Terrace Ave
Quiet residential area; located conveniently near shopping and major highways. Apartment features hardwood floors and is fully appliance. Off-street parking; extra storage in basement. Tenant pays utilities.
Address details
| Neighborhood | Melrose |
|---|---|
| Zip code | 12203 |
| Type | Apartment for rent |
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Available rentals nearby
Pine Hills • 19 Elberon Pl
2 Beds
$1,200
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Mansion Area • 151 Madison Ave #C
2 Beds
$1,125
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
Arbor Hill • 798 Broadway
2 Beds
$1,200
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
West Hill • 123 N Lake Ave
2 Beds
$1,200
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Arbor Hill • 65 Lark St #2
2 Beds
$1,250
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Manning Boulevard • 889 Lancaster St
2 Beds
$1,250
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Central Avenue • 192 Lark Street
2 Beds
$1,050
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
West Hill • 423 Central Ave
2 Beds
$1,250
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Pine Hills • 19 Elberon Pl
2 Beds
$1,200
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Mansion Area • 151 Madison Ave #C
2 Beds
$1,125
Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.Arbor Hill • 798 Broadway
2 Beds
$1,200
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.West Hill • 123 N Lake Ave
2 Beds
$1,200
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Arbor Hill • 65 Lark St #2
2 Beds
$1,250
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Manning Boulevard • 889 Lancaster St
2 Beds
$1,250
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Central Avenue • 192 Lark Street
2 Beds
$1,050
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.West Hill • 423 Central Ave
2 Beds
$1,250
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Rent trends in Melrose
2-bedroom apartments at 42 Terrace Ave cost about 29% less than the average rent price for 2-bedroom apartments in Albany.
Median rents as of Nov 7 2026.
Melrose
Albany
| Month | Median Rent |
|---|---|
| November 2024 | $1,700 |
| December 2024 | $1,736 |
| January 2025 | $1,691 |
| February 2025 | $1,700 |
| March 2025 | $1,603 |
| April 2025 | $1,529 |
| May 2025 | $1,548 |
| June 2025 | $1,520 |
| July 2025 | $1,533 |
| August 2025 | $1,510 |
| September 2025 | $1,523 |
| October 2025 | $1,514 |
| November 2025 | $1,533 |
| December 2025 | $1,537 |
| January 2026 | $1,535 |
| February 2026 | $1,543 |
| March 2026 | $1,584 |
| April 2026 | $1,597 |
| May 2026 | $1,588 |
| June 2026 | $1,532 |
| July 2026 | $1,591 |
| August 2026 | $1,607 |
| September 2026 | $1,600 |
| October 2026 | $1,598 |
| November 2026 | $1,595 |
| Month | Median Rent |
|---|---|
| January 2026 | $1,600 |
| February 2026 | $1,592 |
| March 2026 | $1,545 |
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 8 years ago | $1,100 |
Schools near 42 Terrace Ave
Pine Hills Elementary School
41 n allen st
albany, NY, 12203
PK, K-5Public
C+
Eagle Point Elementary School
1044 western ave
albany, NY, 12203
PK, K-5Public
B-
New Scotland Elementary School
385 new scotland ave
albany, NY, 12208
PK, K-5Public
B
Philip J. Schuyler Achievement Academy
676 clinton ave
albany, NY, 12206
PK, K-5Public
C
Sheridan Preparatory Academy
400 sheridan ave
albany, NY, 12206
PK, K-5Public
C
Getting around Albany near 42 Terrace Ave
Walking
4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 42 Terrace Ave, Albany
Groceries
6/10
The nearest general grocery store is within a 15-minute walk, and there are also a few specialist food stores nearby.
Shopping
3/10
Some fashion stores are within walking distance.
Cafes
4/10
The closest café is within a 15-minute walk, and there are a few other cafés within walking distance.
Restaurants
5/10
Some restaurants are within walking distance.
Primary schools
8/10
At least one elementary school within a 5-to-10-minute walk.
High schools
4/10
The closest high school is within a 15-to-20-minute walk.
Parks
6/10
Few parks in the area.
Nightlife
3/10
The closest bar is within a 15-minute walk, and there are a few other bars within walking distance.
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