Updated 13 Hours Ago
Highlights
Pet Friendly
- Upscale living
- On-site parking
- Easy access
Location
49 Sheridan Ave, Albany, NY 12210, USA|Sheridan Hollow
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Property Overview
The Monroe Apartments offers upscale living with on-site parking and easy access, alongside strong overall value and a convenient location. It scores well for price, amenities, and trustworthiness, and stands out for walkability, nearby transit, abundant parks, dining, cultural venues, and practical work-from-home access.
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.
Things you’ll love
More space
Great for
Social life
Eco living
Work-from-home
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 831 sqft | $1,719 /mo | 1 unit available | ||
| 2BR/2.0BA | 2 bed | 2 bath | 1,291 sqft | $2,112 /mo | 1 unit available |
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Amenities for The Monroe Apartments
Building
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 44 |
|---|
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About The Monroe Apartments
Discover The Monroe Apartments, where upscale living meets the energy of the city. Our spacious one- and two-bedroom apartments feature open-concept designs, creating the perfect balance of style and comfort. Located in the heart of Albany, The Monroe offers easy access to the city’s vibrant nightlife, cultural attractions, and top dining spots—all within walking distance. Just steps from the New York State Capitol, you’ll find yourself at the center of it all. With on-site parking and quick access to major highways, getting around has never been easier. Enjoy upscale living in the city center—make The Monroe your home today.
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, The Monroe Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Monroe Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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.
The Monroe Apartments 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, The Monroe Apartments 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.
The Monroe Apartments 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 The Monroe Apartments 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.
The Monroe Apartments 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.
The Monroe Apartments is great for:
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 The Monroe Apartments compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 791 sqft larger than other listings nearby
- More space
- The 2-bedroom is 366 sqft larger than other listings nearby
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
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Rent trends in Sheridan Hollow
1-bedroom apartments here are priced 30% higher than 1-bedrooms in Sheridan Hollow.
If you decide to upgrade your space, you can expect 2-bedrooms at The Monroe Apartments to be 21% more than the average for similarly sized apartments in Sheridan Hollow.
Median rents as of Aug 29 2026.
Sheridan Hollow
Albany
| Month | Median Rent |
|---|---|
| September 2024 | $1,265 |
| October 2024 | $1,294 |
| November 2024 | $1,307 |
| December 2024 | $1,299 |
| January 2025 | $1,335 |
| February 2025 | $1,374 |
| March 2025 | $1,309 |
| April 2025 | $1,262 |
| May 2025 | $1,257 |
| June 2025 | $1,281 |
| July 2025 | $1,330 |
| August 2025 | $1,329 |
| September 2025 | $1,295 |
| October 2025 | $1,300 |
| November 2025 | $1,302 |
| December 2025 | $1,250 |
| January 2026 | $1,278 |
| February 2026 | $1,279 |
| March 2026 | $1,337 |
| April 2026 | $1,392 |
| May 2026 | $1,355 |
| June 2026 | $1,357 |
| July 2026 | $1,350 |
| August 2026 | $1,332 |
| Month | Median Rent |
|---|---|
| September 2024 | $1,000 |
| October 2024 | $1,103 |
| November 2024 | $1,260 |
| December 2024 | $1,500 |
| January 2025 | $1,166 |
| February 2025 | $1,281 |
| March 2025 | $1,000 |
| April 2025 | $1,300 |
| May 2025 | $1,194 |
| June 2025 | $1,180 |
| July 2025 | $1,239 |
| August 2025 | $1,230 |
| September 2025 | $1,204 |
| October 2025 | $1,057 |
| November 2025 | $1,055 |
| December 2025 | $1,050 |
| January 2026 | $1,071 |
| February 2026 | $1,068 |
| March 2026 | $1,256 |
| April 2026 | $1,268 |
| May 2026 | $1,322 |
| June 2026 | $1,357 |
| July 2026 | $1,298 |
| August 2026 | $1,360 |
Affordability calculator
Can I afford to live at 49 Sheridan Ave?
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
$68,760/yr
With your selected rent-to-income ratio, you'd ideally want to make $68,760 annually to afford this 1-bedroom monthly rent price of $1,719.
For more information on rent affordability, visit our rent calculator.
Schools near The Monroe Apartments
Arbor Hill Elementary School
1 arbor dr
albany, NY, 12207
PK, K-5Public
C
Sheridan Preparatory Academy
400 sheridan ave
albany, NY, 12206
PK, K-5Public
C
Giffen Memorial Elementary School
274 s pearl st
albany, NY, 12202
PK, K-5Public
C
Philip J. Schuyler Achievement Academy
676 clinton ave
albany, NY, 12206
PK, K-5Public
C
Delaware Community School
43 bertha st
albany, NY, 12209
PK, K-5Public
C
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Internet available near The Monroe Apartments
Neighborhood
Sheridan Hollow | Albany, NY
Getting around Albany near 49 Sheridan Ave
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 49 Sheridan Ave, Albany
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
6/10
At least one elementary school within a 15-minute walk
High schools
6/10
At least one high school within a 15-minute walk
Parks
6/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
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