Average Rent in Albany, NY and Rent Price Trends

Rent trends in Albany, NY

Average rent prices in Albany have remained the same over the last month and have increased by 7% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Albany, NY

Rent prices in Albany vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Albany is $1,550, whereas a house costs $2,200. 1-bedroom apartments in Albany run $1,375 on average, while 2-bedroom apartments are $1,500.


Studio	$1,250	2%	1%
1 bedroom	$1,365	2%	11%
2 bedroom	$1,500	1%	1%
3 bedroom	$1,800	1%	17%
4 bedroom	$2,200	1%	3%

		Listings
Capitol Hill	$1,500
Center Square	$1,572
Central Avenue	$1,275
Delaware Avenue	$1,600
Downtown Albany	$1,735
Mansion Area	$1,300
New Scotland	$1,522
Park South	$1,750
Pine Hills	$1,750
West Hill	$1,239


Apartments	$1,550	1%	No Change
Condos	$1,800	3%	No Change
Houses	$2,200	1%	No Change
Rooms	$1,037	9%	-

Studio

Average rent

$1,250

Last 30 days

Last year

1 bedroom

Average rent

$1,365

Last 30 days

Last year

11%

2 bedroom

Average rent

$1,500

Last 30 days

Last year

3 bedroom

Average rent

$1,800

Last 30 days

Last year

17%

4 bedroom

Average rent

$2,200

Last 30 days

Last year

The table above reflects average rent prices in Albany, NY, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Albany, NY compare to other cities?

Compare median rent prices in Albany and Clifton Park by all bedroom counts and property types.

Albany

Median rent price$1,600

18%

lower than the national median

Median rent price$1,730

11%

lower than the national median

Takeaway

The median rent for all rentals in Albany, NY is 8% lower than the median rent in Clifton Park, NY.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,730

$1,562

$2,085

$1,950

$1,973

$1,884

$1,700

$1,765

$1,550

$1,617

$1,550

$1,500

Cost of living in Albany, NY

Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.

Expenses accrued by most renters	Average cost compared to national average
Goods & Services	10% higher
Groceries	1% higher
Health	3% higher
Housing	16% higher
Transportation	6% higher
Utilities	1% lower

Discover rentals in Albany, NY

5d+ ago

West Hill apartment for rent in Albany

669 Clinton Ave #1stFL, Albany, NY 12206

2 beds

1 bath

$950

Apartment for rent

Available Apr 13

5d+ ago

Central Avenue apartment for rent in Albany

65 N Lake Ave, Albany, NY 12206

2 beds

1 bath

$1,000

Apartment for rent

Available Jun 10

5d+ ago

8.3

Very good

192 Lark Street

192 Lark Street, Albany, NY 12210

2 beds

1 bath

$1,050

Apartment for rent

5d+ ago

7.9

Very good

138 Morton Avenue

138 Morton Ave, Albany, NY 12202

2 beds

1 bath

$1,100

Apartment for rent

2d ago

Mansion Area apartment for rent in Albany

$1,125 - 2 Bedroom 1 Bathroom Apartment In Albany

151 Madison Ave #C, Albany, NY 12202

2 beds

1 bath

$1,125

Apartment for rent

Available Jun 5

1d ago

8.4

Very good

137 Madison Ave

137 Madison Ave, Albany, NY 12202

2 beds

1 bath

$1,200

Apartment for rent

4d ago

7.7

Very good

582 Park Ave LLC

582 Park Ave, Albany, NY 12208

2 beds

1 bath

$1,200

Apartment for rent

5d+ ago

Apartment for rent in Albany

$1,220.00 - 2 Bedroom 1 Bathroom Apartment In Albany With Great Amenities

368 Unkown, Albany, NY 12206

2 beds

1 bath

$1,220

Apartment for rent

Available Jun 15

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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Frequently asked questions for Albany, NY

Quick answers to common questions about the Albany rental market.

How much is rent in Albany?

The average rent in Albany is $1,600 per month as of June 13, 2026.

Is rent up or down in Albany?

Average rent prices in Albany have remained the same over the last month and have increased by 7% since last year.

How does Albany rent compare to the national average?

Rent in Albany is 18% below the national average, which means renters are paying approximately $350 less per month.

Which neighborhoods are most affordable in Albany?

The most affordable neighborhoods in Albany are West Hill ($1,239/mo), Central Avenue ($1,275/mo), and Mansion Area ($1,300/mo).

What salary do I need to afford rent in Albany?

To comfortably afford rent in Albany, you'd need to earn approximately $64,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Albany?

Albany's 2025 rental market shows one-bedroom apartments averaging around $1,300 per month, while two-bedroom units rent for around $1,600 monthly. These figures represent the current market conditions across the city's diverse neighborhood options.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).