Zumper
modified
3 Hours Ago

Highlights

  • Pet Friendly
  • Dishwasher
  • Modern kitchen
  • Parking lot
  • Stainless steel appliances
  • Rooftop patio
  • Washer/dryer in unit

Location

242 Spruce St, Albany, NY 12210, USA|Sheridan Hollow
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Contact

Management

Albany Management Group

Leasing office

(518) 463-1915

Property Overview

Lofts @ Spruce scores highly overall, with strong marks for price, amenities, location, and quality, along with a solid trustworthiness rating. It offers convenient features like a modern kitchen, stainless steel appliances, in-unit washer/dryer, dishwasher, parking lot, and rooftop patio, and stands out for work-from-home, fitness, wellness, and social access with nearby internet options, coworking spaces, parks, restaurants, and event hubs.

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

8.9
Very Good
With a solid 8.9 out of 10 overall, Lofts @ Spruce is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Lofts @ Spruce 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

Great for

  • Work-from-home
  • Social life
  • Wellness

Floor plans

1BR/1.0BA1 bed1 bath1,088 sqft$1,850 /mo1 unit availableThe Lofts @ Spruce is a charming community with 38 apartments. Located Steps away from Lark Street. Conveniently located minutes from The Egg, Empire State Plaza, New York State Museum, Washington Park, Albany Medical Ctr, etc. Floor Plans vary per apartment. Apartment Features: Stainless steel appliances, Washer/dryer in unit Modern kitchen Dishwasher Shared Gym Rooftop Patio Community Amenities: Easy Access to Freeway and Shopping Access to Public Transportation Water, sewer and trash are included in the rent, tenants pay utilities (gas, electric, and internet) There is a parking lot for tenants at an additional monthly cost. An application PER RESIDENT is required which covers processing, criminal background and/or credit check; Guarantor approval may be needed for individuals with poor/insufficient credit. One-year lease, 1 month rent and security deposit required to move in. Pets Friendly!!! Non-refundable pet security deposit of $250. There is a $25 monthly pet rent per animal. No more than 1 pet per unit. No Breed Restrictions but the pet is required to be interviewed. For more information, please visit our website at AlbanyManagementGroup com Alternatively, you can contact us at 518-463-1915 (Ext. 1) or via email at ****.
2BR/2.0BA2 bed2 bath1,146 sqft$1,800 /mo1 unit availableWelcome to the Lofts @ Spruce, a charming community of 38 units located steps from Lark St and Washington Park with easy access to main roads and entertainment. With a variety of floor plans available, there’s an option to fit your needs! Apartment Features: -Stainless steel appliances -In-unit washer/dryer Community Amenities: -Convenient Access to Freeway and Shopping -Access to Public Transportation -Community Gym -Rooftop Patio -Pet Friendly Community Interested in scheduling a time to tour this unit? Give us a call or text at 518-463-1915. To view our other available units go to https www albanymanagementgroup com vacancies Water, sewer and trash are included in the rental amount, tenants pay utilities (gas, electric, and internet) There is a parking lot for tenants at an additional monthly cost. *An application PER RESIDENT is required which covers processing, criminal background and/or credit check; Guarantor approval may be needed for individuals with poor/insufficient credit. One-year lease, 1 month rent and security deposit required to move in. For more information, please visit our website at AlbanyManagementGroup com Alternatively, you can contact us at 518-463-1915 (Ext. 1) or via email at ****.

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Amenities for Lofts @ Spruce

Appliances

In-Unit LaundryWasher and Dryer

Building

Cats OKDogs OK
Gym
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
Breed restrictionsNo

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units38
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About Lofts @ Spruce

HomeApartments in AlbanySheridan Hollow Lofts @ Spruce

The Lofts @ Spruce is a charming community with 38 apartments. Located Steps away from Lark Street. Conveniently located minutes from The Egg, Empire State Plaza, New York State Museum, Washington Park, Albany Medical Ctr, etc. Floor Plans vary per apartment. Apartment Features: Stainless steel appliances, Washer/dryer in unit Modern kitchen Dishwasher Shared Gym Rooftop Patio Community Amenities: Easy Access to Freeway and Shopping Access to Public Transportation Water, sewer and trash are included in the rent, tenants pay utilities (gas, electric, and internet) There is a parking lot for tenants at an additional monthly cost. An application PER RESIDENT is required which covers processing, criminal background and/or credit check; Guarantor approval may be needed for individuals with poor/insufficient credit. One-year lease, 1 month rent and security deposit required to move in. Pets Friendly!!! Non-refundable pet security deposit of $250. There is a $25 monthly pet rent per animal. No more than 1 pet per unit. No Breed Restrictions but the pet is required to be interviewed. For more information, please visit our website at AlbanyManagementGroup com Alternatively, you can contact us at 518-463-1915 (Ext. 1) or via email at ****.


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.
8.9
/10
Very Good
With a solid 8.9 out of 10 overall, Lofts @ Spruce is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, Lofts @ Spruce 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 Lofts @ Spruce
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.
Lofts @ Spruce 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·9A 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.
Lofts @ Spruce goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Lofts @ Spruce receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Lofts @ Spruce 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·9A 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.
Lofts @ Spruce has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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.

Lofts @ Spruce is great for:

Work-from-home

  • High speed internet is an amenity
  • 3 coworking spaces or cafes within 1 mile
  • 5 internet service provider options nearby
  • 2 office supply stores within 1 mile

Social life

  • 291 restaurants within 1 mile of this property
  • 279 mixed-use spaces nearby
  • Area has 34 parks and recreation options
  • 33 local event hubs within 1 mile

Wellness

  • On-site fitness center or gym
  • 34 parks nearby
  • 9 health/wellness centers nearby
  • There are 45 grocery stores within 1 mile

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 Lofts @ Spruce compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.2 mile away
More space
The 1-bedroom is 733 sqft larger than other listings nearby

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Rent trends in Sheridan Hollow

1-bedroom apartments here are priced 40% higher than 1-bedrooms in Sheridan Hollow.

If you decide to upgrade your space, you can expect 2-bedrooms at Lofts @ Spruce to be on par with the average for similarly sized apartments in Sheridan Hollow.

Median rents as of Jun 13 2026.
Sheridan Hollow
Albany
A table of 1-bedroom apartment rental data trends in Albany
MonthMedian Rent
June 2024$1,250
July 2024$1,256
August 2024$1,225
September 2024$1,248
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
A table of 1-bedroom apartment rental data trends in Sheridan Hollow
MonthMedian Rent
June 2024$1,000
July 2024$1,062
August 2024$1,500
September 2024$1,025
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$1,369

Affordability calculator

Can I afford to live at 242 Spruce St?

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

$74,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $74,000 annually to afford this 1-bedroom monthly rent price of $1,850.
For more information on rent affordability, visit our rent calculator.

Schools near Lofts @ Spruce

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

Philip J. Schuyler Achievement Academy

676 clinton ave

albany, NY, 12206

PK, K-5Public
C

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
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Internet available near Lofts @ Spruce

Getting around Albany near 242 Spruce St

Walking

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

Driving

6/10
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 242 Spruce St, Albany

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Some shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

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

Parks

8/10
Large amount of park space nearby

Nightlife

5/10
Some bars within walking distance

Explore the area around 242 Spruce St

Lark Central Market
218 Lark St
Albany NY Supermarket Inc
184 Henry Johnson Blvd
S & A West Indian
350 Elk St
Market 32 By Price Chopper
40 Delaware Ave
Halal Market
264 Central Ave

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