Zumper
modified
Updated 5+ Days Ago

Highlights

  • Laundry in the facilities
  • Spacious living room with large windows

Location

56 Second Avenue, Albany, New York 12202, United States|Krank Park - Cherry Hill
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Management

Legacy RE Holdings LLC

Leasing office

(844) 326-5877 ext. 4083

Property Overview

56 Second Avenue offers a strong overall rental experience, with an 8.3 Zumper expert rating, excellent price value, solid amenities, and a highly convenient location. It also stands out for laundry in the facilities, a spacious living room with large windows, good walkability, nearby transit, and a lively surrounding area with many restaurants.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, 56 Second Avenue is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 56 Second Avenue has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • More space
  • Images Available

Great for

  • Social life

Floor plans

56 Second Avenue - 62 bed1 bath1,200 sqft$1,400 /mo

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time.

Contact Property

Questions about this property’s policies and fees?

Building details

Property details

Units1

About 56 Second Avenue

HomeApartments in Albany 56 Second Avenue

2 Bedroom Apartment – 56 Second Ave, Albany, NY Bright and updated 2-bedroom, 1-bath apartment in the heart of Albany's Second Ave corridor. This unit features a comfortable layout with great natural light and a modern kitchen—perfect for anyone looking for a convenient, move-in-ready home. Key Features 2 bedrooms, 1 full bath Updated kitchen with modern cabinets, solid countertops, and deep sink Spacious living room with large windows Fresh paint and durable flooring throughout Clean, well-maintained bathroom Energy-efficient windows & baseboard heat Secure building with professional management Loundry in the facilities Building & Location Quiet, residential block with easy access to bus lines Close to Downtown, Albany Med, SUNY, and local shops & restaurants Street parking (typically easy), optional off-street parking if available (inquire) Responsive maintenance team Lease Terms Rent: $[1,400 Security Deposit: $1,400 Tenants pay: [heat/electric OR “electric only”]; owner pays [water


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, 56 Second Avenue is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 56 Second Avenue has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 56 Second Avenue
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
56 Second Avenue offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 56 Second Avenue is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
56 Second Avenue is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 56 Second Avenue does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
56 Second Avenue provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

56 Second Avenue is great for:

Social life

  • Areas nearby are accessible by walking
  • The area has transit options
  • Diverse age groups live in this area
  • 78 restaurants within 1 mile of this property

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 56 Second Avenue compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.1 miles away
More space
The 2-bedroom is 400 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this property

Considerations

Distance from transit
More than 3.8 miles from public transportation

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Rent trends in Krank Park - Cherry Hill

2-bedroom apartments at 56 Second Avenue cost about 12% less than the average rent price for 2-bedroom apartments in Albany.

Median rents as of Oct 10 2026.
Albany
A table of studio rental data trends in Albany
MonthMedian Rent
October 2024$1,295
November 2024$1,247
December 2024$1,212
January 2025$1,371
February 2025$1,490
March 2025$1,257
April 2025$1,176
May 2025$1,117
June 2025$1,137
July 2025$1,178
August 2025$1,245
September 2025$1,222
October 2025$1,183
November 2025$1,226
December 2025$1,170
January 2026$1,201
February 2026$1,203
March 2026$1,209
April 2026$1,237
May 2026$1,250
June 2026$1,254
July 2026$1,278
August 2026$1,275
September 2026$1,262
October 2026$1,250

Affordability calculator

Can I afford to live at 56 Second Avenue?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$56,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $56,000 annually to afford this 2-bedrooms monthly rent price of $1,400.
For more information on rent affordability, visit our rent calculator.

Schools near 56 Second Avenue

Giffen Memorial Elementary School

274 s pearl st

albany, NY, 12202

PK, K-5Public
C

Delaware Community School

43 bertha st

albany, NY, 12209

PK, K-5Public
C

Sheridan Preparatory Academy

400 sheridan ave

albany, NY, 12206

PK, K-5Public
C

Arbor Hill Elementary School

1 arbor dr

albany, NY, 12207

PK, K-5Public
C

New Scotland Elementary School

385 new scotland ave

albany, NY, 12208

PK, K-5Public
B
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Getting around Albany near 56 Second Avenue

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

8/10
Popular public transit options are just a short walk from this location.

Points of interest for 56 Second Avenue, Albany

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Some restaurants within a few minutes’ walk

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

8/10
At least one high school within a 15-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

3/10
Some bars within walking distance

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