Average Rent in Downtown Albany, Albany, NY and Rent Price Trends

Rent price trends in
Downtown Albany, Albany, NY

Rent price trends

Rent prices for all bedroom counts and property types in Downtown Albany, Albany, NY have increased by 12% in the last month and have decreased by 8% in the last year.

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

Rent comparables in
Downtown Albany, Albany, NY
The monthly rent for an apartment in Downtown Albany, Albany, NY is $1,750. A 1-bedroom apartment in Downtown Albany, Albany, NY costs about $1,995 on average, while a 2-bedroom apartment is $2,365. Houses for rent in Downtown Albany, Albany, NY are cheaper, with an average monthly cost of $1,700.


1 bedroom	$1,300	1%	21%
2 bedroom	$1,800	58%	15%
3 bedroom	$1,550	-	-
4 bedroom	$1,550	-	-
Studio	$1,225	3%	29%

		Comparables
Center Square	$1,422
Central Avenue	$1,225
Delaware Avenue	$1,525
Park South	$1,600
Sheridan Hollow	$1,500
West Hill	$1,250


Apartments	$1,750	11%	No Change
Condos	$2,150	No Change	No Change
Houses	$1,700	42%	No Change
Rooms	$1,100	-	-

Studio

Average rent

$1,225

Last 30 days

Last year

29%

1 bedroom

Average rent

$1,300

Last 30 days

Last year

21%

2 bedroom

Average rent

$1,800

Last 30 days

58%

Last year

15%

3 bedroom

Average rent

$1,550

4 bedroom

Average rent

$1,550

The table above reflects average rent prices in Downtown Albany, 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 Downtown Albany, Albany, NY to other neighborhoods

Median rent prices in Downtown Albany, Albany, NY for all bedroom counts and property types compared to Center Square, Albany, NY.

Downtown Albany

Median rent price$1,750

lower than the national median

Median rent price$1,422

25%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Albany, Albany, NY is 23% higher than the median rent in Center Square, Albany, NY.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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