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 decreased by 3% in the last month and have decreased by 6% 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 $1,525. Houses for rent in Albany, NY are more expensive, with an average monthly cost of $2,200.


1 bedroom	$1,250	2%	7%
2 bedroom	$1,535	2%	11%
3 bedroom	$1,697	No Change	No Change
4 bedroom	$2,200	3%	4%
Studio	$1,100	2%	8%

		Comparables
Center Square	$1,460
Central Avenue	$1,250
Delaware Avenue	$1,395
Downtown Albany	$1,575
Mansion Area	$1,400
Melrose	$1,131
New Scotland	$1,525
Park South	$1,525
Pine Hills	$1,672
West Hill	$1,225


Apartments	$1,500	No Change	No Change
Condos	$1,575	4%	No Change
Houses	$2,200	5%	No Change
Rooms	$937	2%	No Change

Studio

Average rent

$1,100

Last 30 days

Last year

1 bedroom

Average rent

$1,250

Last 30 days

Last year

2 bedroom

Average rent

$1,535

Last 30 days

Last year

11%

3 bedroom

Average rent

$1,697

Last 30 days

No Change

Last year

No Change

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.

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$1,500

21%

lower than the national median

Median rent price$1,550

18%

lower than the national median

Takeaway

The median rent for all rentals in Albany, NY is 3% 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

$1,550

Last year

Cohoes

$1,601

Last year

Delmar

$1,600

13%

Last year

Glenmont

$1,550

28%

Last year

Guilderland

$1,771

Flat

Last year

Latham

$2,175

Last year

Niskayuna

$1,738

Last year

Rensselaer

$1,795

Last year

Schenectady

$1,500

Last year

Scotia

$1,500

Last year

Troy

$1,500

Last year

Watervliet

$1,400

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.