1 Day Ago
Highlights
- Updated appliances
- In-unit washer/dryer
- Ample storage space
Location
137 Madison Ave, Albany, NY 12202, USA|Downtown Albany
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Property Overview
137 Madison Ave offers strong overall value with a 7.8/10 expert rating, highlighted by excellent scores for price, amenities, location, and trustworthiness. Residents benefit from updated appliances, ample storage space, and an in-unit washer/dryer, along with easy access to extensive dining, parks, and public transit options. The property is also recognized for supporting an active social life and environmental sustainability through walkability and on-site recycling or composting.
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
Less expensive
Great for
Social life
Eco living
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | $1,200 /mo | 1 unit available | Experience vibrant, Albany city-living at 137 Madison Avenue with convenient access to local shops, restaurants, and public transportation. This two-bedroom unit offers you the perfect retreat in the historic, downtown area, featuring... - In-unit washer/dryer - Ample storage space - Updated appliances 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 albanymanagementgroup com vacancies Water, sewer and trash are included in the rental amount, resident pays utilities (gas/electric). *An application PER RESIDENT is required. The application fee covers processing, criminal background and/or credit check; Guarantor approval may be needed for individuals with poor/insufficient credit. One-year lease, 1st month rent and one month security deposit is required for move in.* |
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 3 |
|---|
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About 137 Madison Ave
Experience vibrant, Albany city-living at 137 Madison Avenue with convenient access to local shops, restaurants, and public transportation. This two-bedroom unit offers you the perfect retreat in the historic, downtown area, featuring... - In-unit washer/dryer - Ample storage space - Updated appliances 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 albanymanagementgroup com vacancies Water, sewer and trash are included in the rental amount, resident pays utilities (gas/electric). *An application PER RESIDENT is required. The application fee covers processing, criminal background and/or credit check; Guarantor approval may be needed for individuals with poor/insufficient credit. One-year lease, 1st month rent and one month security deposit is required for move in.*
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.
7.8
/10
Very Good137 Madison Ave is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
Price·8A 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.
Scoring a 8/10, 137 Madison Ave is a great option for renters looking for apartments in Downtown Albany. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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, 137 Madison Ave 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.
137 Madison Ave 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 137 Madison Ave 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.
137 Madison Ave 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 137 Madison Ave compares to other nearby properties.
Positives
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.3 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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Rent trends in Downtown Albany
2-bedroom apartments at 137 Madison Ave cost about 38% less than the average rent price for 2-bedroom apartments in Downtown Albany.
Median rents as of May 23 2026.
Downtown Albany
Albany
| Month | Median Rent |
|---|---|
| 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 |
| December 2025 | $1,170 |
| January 2026 | $1,201 |
| February 2026 | $1,203 |
| March 2026 | $1,209 |
| April 2026 | $1,237 |
| May 2026 | $1,250 |
| Month | Median Rent |
|---|---|
| June 2024 | $1,767 |
| July 2024 | $1,820 |
| August 2024 | $1,775 |
| September 2024 | $1,525 |
| October 2024 | $1,542 |
| November 2024 | $1,573 |
| December 2024 | $1,556 |
| January 2025 | $1,557 |
| February 2025 | $1,813 |
| March 2025 | $1,893 |
| April 2025 | $1,905 |
| May 2025 | $1,799 |
| June 2025 | $1,690 |
| July 2025 | $1,507 |
| August 2025 | $1,525 |
| September 2025 | $1,494 |
| October 2025 | $1,385 |
| November 2025 | $1,475 |
| April 2026 | $1,808 |
| May 2026 | $1,838 |
Affordability calculator
Can I afford to live at 137 Madison Ave?
Bedrooms
2 bedroomsRent-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
$48,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $48,000 annually to afford this 2-bedrooms monthly rent price of $1,200.
For more information on rent affordability, visit our rent calculator.
Schools near 137 Madison Ave
Giffen Memorial Elementary School
274 s pearl st
albany, NY, 12202
PK, K-5Public
C
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
Delaware Community School
43 bertha st
albany, NY, 12209
PK, K-5Public
C
Philip J. Schuyler Achievement Academy
676 clinton ave
albany, NY, 12206
PK, K-5Public
C
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Internet available near 137 Madison Ave
Getting around Albany near 137 Madison Ave
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
9/10
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
10/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 137 Madison Ave, Albany
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
3/10
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
7/10
Moderate amount of park space nearby
Nightlife
5/10
Some bars within walking distance
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