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 increased 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 $1,550. A 1-bedroom apartment in Albany, NY costs about $1,375 on average, while a 2-bedroom apartment is $1,600. Houses for rent in Albany, NY are more expensive, with an average monthly cost of $2,200.


1 bedroom	$1,350	2%	8%
2 bedroom	$1,600	No Change	2%
3 bedroom	$1,695	1%	2%
4 bedroom	$2,200	No Change	4%
Studio	$1,200	5%	4%

		Comparables
Center Square	$1,500
Central Avenue	$1,300
Delaware Avenue	$1,600
Downtown Albany	$1,725
Mansion Area	$1,500
New Scotland	$1,547
Park South	$1,700
Pine Hills	$1,650
Sheridan Hollow	$1,525
West Hill	$1,200


Apartments	$1,550	No Change	No Change
Condos	$1,800	8%	No Change
Houses	$2,200	3%	No Change
Rooms	$1,025	1%	-

Studio

Average rent

$1,200

Last 30 days

Last year

1 bedroom

Average rent

$1,350

Last 30 days

Last year

2 bedroom

Average rent

$1,600

Last 30 days

No Change

Last year

3 bedroom

Average rent

$1,695

Last 30 days

Last year

4 bedroom

Average rent

$2,200

Last 30 days

No Change

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$1,595

18%

lower than the national median

Median rent price$1,695

13%

lower than the national median

Takeaway

The median rent for all rentals in Albany, NY is 6% lower 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

$1,695

11%

Last year

Cohoes

$1,495

Last year

Delmar

$1,600

Last year

Glenmont

$1,450

43%

Last year

Guilderland

$1,712

Last year

Latham

$2,075

Last year

Niskayuna

$1,500

20%

Last year

Rensselaer

$1,677

Last year

Schenectady

$1,582

11%

Last year

Scotia

$1,600

11%

Last year

Troy

$1,500

Last year

Watervliet

$1,424

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.