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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 presents a highly rated rental opportunity with a Zumper expert rating of 8.1, highlighting its competitive pricing and impressive amenities, including on-site laundry and a spacious living room with large windows. The property enjoys a prime location with a 9 out of 10 rating, allowing convenient access to schools, restaurants, and transportation, coupled with strong trustworthiness and transparency in its portrayal. This residence is ideal for those seeking a harmonious blend of work, social life, and environmental sustainability.

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

8.1
Very Good
With a solid 8.1 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

  • Eco living
  • Social life
  • Work-from-home

Floor plans

56 Second Avenue - 72 bed1 bath898 sqft$1,100 /mo
56 Second Avenue - 62 bed1 bath1,200 sqft$1,400 /mo2 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

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Policies and fees

Applicants

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time.

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Building details

Property details

Units2
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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.
8.1
/10
Very Good
With a solid 8.1 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·9A 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 stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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·8A 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.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

56 Second Avenue is great for:

Eco living

  • You can get around by foot in this area
  • Public transit available nearby
  • 22 parks within a mile

Social life

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

Work-from-home

  • Large windows for natural lighting
  • Utilities included in the rent
  • 2 coworking spaces or cafes within 1 mile
  • Quiet environment with little noise pollution

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 0.0 mile away
More space
The 2-bedroom is 151 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this address

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away

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Rent trends in Krank Park - Cherry Hill

If you decide to upgrade your space, you can expect 2-bedrooms at 56 Second Avenue to be 19% less than the average for similarly sized apartments in Albany.

Median rents as of Nov 29 2025.
Albany
A table of studio rental data trends in Albany
MonthMedian Rent
December 2023$1,305
January 2024$1,294
February 2024$1,247
March 2024$1,281
April 2024$1,255
May 2024$1,192
June 2024$1,149
July 2024$1,168
August 2024$1,055
September 2024$1,109
October 2024$1,282
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

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

$50,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $50,000 annually to afford this 2-bedrooms median monthly rent price of $1,250.
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

Explore the area around 56 Second Avenue

2nd Avenue Daily Grocery
149 2nd Ave
La Rande Meat Market
80 Morton Ave
Pearl Market
213 S Pearl St
El Pilon Market Inc
179 S Pearl St
Angie's Pineapple's-Ting's
153 S Pearl St

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