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 4% 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 $1,300 on average, while a 2-bedroom apartment is $1,500. Houses for rent in Albany, NY are more expensive, with an average monthly cost of $1,950.


1 bedroom	$1,295	3%	4%
2 bedroom	$1,500	3%	19%
3 bedroom	$1,700	No Change	1%
4 bedroom	$2,125	1%	3%
Studio	$1,131	1%	4%

		Comparables
Capitol Hill	$1,262
Center Square	$1,500
Central Avenue	$1,335
Downtown Albany	$1,590
Melrose	$1,131
New Scotland	$1,595
Park South	$1,600
Pine Hills	$1,650
Sheridan Hollow	$1,275
West Hill	$1,325


Apartments	$1,500	2%	No Change
Condos	$1,575	2%	No Change
Houses	$1,950	4%	No Change
Rooms	$787	2%	-

Studio

Average rent

$1,131

Last 30 days

Last year

1 bedroom

Average rent

$1,295

Last 30 days

Last year

2 bedroom

Average rent

$1,500

Last 30 days

Last year

19%

3 bedroom

Average rent

$1,700

Last 30 days

No Change

Last year

4 bedroom

Average rent

$2,125

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$1,540

21%

lower than the national median

Median rent price$1,580

19%

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

$1,580

21%

Last year

Cohoes

$1,605

10%

Last year

Delmar

$1,668

Last year

Glenmont

$1,997

16%

Last year

Guilderland

$1,943

Last year

Latham

$2,187

13%

Last year

Niskayuna

$1,650

21%

Last year

Rensselaer

$1,780

Last year

Schenectady

$1,500

Last year

Scotia

$1,513

Last year

Troy

$1,450

Last year

Watervliet

$1,402

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.