Average Rent in Albany, NY and Rent Price Trends

Rent price trends in
Albany, NY

Rent price trends

Rent prices for all bedroom counts and property types in Albany, NY have remained the same in the last month and have decreased by 3% in the last year.

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

Rent comparables in
Albany, NY
The monthly rent for an apartment in Albany, NY is $1,500. A 1-bedroom apartment in Albany, NY costs about $1,250 on average, while a 2-bedroom apartment is $1,550. Houses for rent in Albany, NY are more expensive, with an average monthly cost of $2,100.


1 bedroom	$1,200	3%	16%
2 bedroom	$1,550	1%	15%
3 bedroom	$1,700	1%	7%
4 bedroom	$2,195	1%	4%
Studio	$1,075	1%	11%

		Comparables
Campus Area	$1,512
Center Square	$1,400
Central Avenue	$1,500
Delaware Avenue	$1,650
Melrose	$1,131
New Scotland	$1,595
Park South	$1,525
Pine Hills	$1,650
Sheridan Hollow	$1,300
West Hill	$1,250


Apartments	$1,500	No Change	No Change
Condos	$1,600	2%	No Change
Houses	$2,100	2%	No Change
Rooms	$925	5%	No Change

Studio

Average rent

$1,075

Last 30 days

Last year

11%

1 bedroom

Average rent

$1,200

Last 30 days

Last year

16%

2 bedroom

Average rent

$1,550

Last 30 days

Last year

15%

3 bedroom

Average rent

$1,700

Last 30 days

Last year

4 bedroom

Average rent

$2,195

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.

Compare rent prices in Albany, NY to other cities

Median rent prices in Albany, NY for all bedroom counts and property types compared to Clifton Park, NY.

Albany

Median rent price$1,550

18%

lower than the national median

Median rent price$1,505

21%

lower than the national median

Takeaway

The median rent for all rentals in Albany, NY is 3% higher than the median rent in Clifton Park, NY.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Clifton Park

$1,505

Last year

Cohoes

$1,650

10%

Last year

Delmar

$1,700

15%

Last year

Glenmont

$1,475

39%

Last year

Guilderland

$1,750

Last year

Latham

$2,350

12%

Last year

Niskayuna

$1,500

19%

Last year

Rensselaer

$1,705

Last year

Schenectady

$1,595

Last year

Scotia

$1,635

11%

Last year

Troy

$1,400

Last year

Watervliet

$1,401

Last year

Cost of living in
Albany, NY

The overall cost of living in Albany, NY is 5% higher than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.