Apartments for Rent in Center Square, Albany, NY

Center Square, Albany apartment availability

Center Square's rental market offers a good selection of listings, with an average of 42 rentals available each month. The neighborhood's inventory is comprised mostly of 1-bedroom and 2-bedroom apartments, with a smaller number of 3-bedroom apartments and studios also available. Many of these rentals feature hardwood floors, a desirable amenity for renters. Additionally, a significant proportion of apartments in Center Square allow pets, with some buildings permitting small pets and others having pet-friendly policies with restrictions. This makes the neighborhood a great option for renters with furry friends.

Center Square, Albany rental market trends

The Center Square neighborhood in Albany saw a notable increase in rent prices last year, with an average monthly rent of $1,401.79, reflecting an 8.25% year-over-year increase. Breaking it down by bed count, 1-bedrooms averaged $1,257.71 per month, a 5.67% annual increase, while 2-bedrooms reached $1,683.86, a significant 15.62% jump. Studios averaged $1,262.50, a 13.94% increase.

Rent prices in Center Square tend to fluctuate throughout the year, with December typically seeing the highest rent prices, 20.06% higher than February, the month with the lowest rent. If you're looking for a new apartment, be prepared for a competitive market, especially during the winter months. However, if you're flexible with your move-in date, February may offer more affordable options. Keep in mind that the rent prices in Center Square are steadily increasing, so it's essential to plan accordingly.

Why Center Square, Albany is a great place to live

Center Square is a top choice for renters prioritizing environmental sustainability and social living. According to 2024 data, the neighborhood's focus on eco-friendly practices is reflected in its use of non-toxic paint, low-flow fixtures, and sustainable materials in construction. Additionally, waste recycling and composting programs, as well as community solar projects, contribute to its high environmental sustainability score. Center Square's social scene is also thriving, with a variety of restaurants, entertainment venues, and a strong transit system, making it easy to get around and meet up with friends. With its excellent walk score and street infrastructure, renters can enjoy a convenient and connected lifestyle in this Albany neighborhood.