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

Rent trends in Downtown Albany, Albany, NY

Average rent prices in Downtown Albany have remained the same over the last month and have decreased by 8% since last year.

Rent trends

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

Compare rent prices in
Downtown Albany, Albany, NY

Rent prices in Downtown Albany vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Downtown Albany is $1,647, whereas a house costs $1,300. 1-bedroom apartments in Downtown Albany run $1,595 on average, while 2-bedroom apartments are $1,650.


Studio	$1,600	1%	7%
1 bedroom	$1,600	5%	7%
2 bedroom	$1,650	15%	14%
3 bedroom	$1,750	-	11%
4 bedroom	$1,825	-	-

		Listings
Center Square	$1,500
Central Avenue	$1,500
Delaware Avenue	$1,737
Park South	$1,512
Sheridan Hollow	$1,350
West Hill	$1,250


Apartments	$1,647	1%	8%
Condos	$1,600	10%	-
Houses	$1,300	No Change	-

Studio

Average rent

$1,600

Last 30 days

Last year

1 bedroom

Average rent

$1,600

Last 30 days

Last year

2 bedroom

Average rent

$1,650

Last 30 days

15%

Last year

14%

3 bedroom

Average rent

$1,750

Last year

11%

4 bedroom

Average rent

$1,825

Center Square

Average rent

$1,500

Central Avenue

Average rent

$1,500

Delaware Avenue

Average rent

$1,737

Park South

Average rent

$1,512

Sheridan Hollow

Average rent

$1,350

West Hill

Average rent

$1,250

Apartments

Average rent

$1,647

Last 30 days

Last year

Condos

Average rent

$1,600

Last 30 days

10%

Houses

Average rent

$1,300

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.

How does rent in Downtown Albany, Albany, NY compare to other neighborhoods?

Compare median rent prices in Downtown Albany and Center Square by all bedroom counts and property types.

Downtown Albany

Median rent price$1,645

13%

lower than the national median

Median rent price$1,500

21%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Albany, Albany, NY is 10% higher than the median rent in Center Square, Albany, NY.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,500

$1,500

$1,737

$1,512

$1,350

$1,250

Discover rentals in Downtown Albany, Albany, NY

5d+ ago

Downtown Albany apartment for rent in Albany

402 Broadway, Albany, NY 12207

2 beds

2 baths

$1,650

Rent special

2h ago

8.5

Very good

Abraxas at 90 State

90 State St, Albany, NY 12207

Studio–2 beds

1–2 baths

$1,600–$3,195

5d+ ago

Downtown Albany apartment for rent in Albany

Unique Beautiful Apartments Downtown Available Now!

111 Pine St #3E, Albany, NY 12207

1 bed

1 bath

$1,575

5d+ ago

Downtown Albany apartment for rent in Albany

Residential Lease, Albany, NY

46 Columbia St, Albany, NY 12207

1 bed

1 bath

$1,500

5d+ ago

9.4

Excellent

99 Pine Street

99 Pine St, Albany, NY 12207

1 bed

1 bath

$1,495–$1,695

Rent special

2h ago

8.5

Very good

Abraxas at 90 State

90 State St, Albany, NY 12207

Studio–2 beds

1–2 baths

$1,600–$3,195

5d+ ago

Downtown Albany apartment for rent in Albany

Unique Beautiful Apartments Downtown Available Now!

111 Pine St #3E, Albany, NY 12207

1 bed

1 bath

$1,575

5d+ ago

9.4

Excellent

99 Pine Street

99 Pine St, Albany, NY 12207

1 bed

1 bath

$1,495–$1,695

5d+ ago

Downtown Albany apartment for rent in Albany

Residential Lease, Albany, NY

46 Columbia St, Albany, NY 12207

1 bed

1 bath

$1,500

5d+ ago

Downtown Albany apartment for rent in Albany

Unique Beautiful Apartments Downtown Available Now!

111 Pine St #3E, Albany, NY 12207

1 bed

1 bath

$1,575

Rent special

2h ago

8.5

Very good

Abraxas at 90 State

90 State St, Albany, NY 12207

Studio–2 beds

1–2 baths

$1,600–$3,195

5d+ ago

Downtown Albany apartment for rent in Albany

402 Broadway, Albany, NY 12207

2 beds

2 baths

$1,650

Rent special

2h ago

8.5

Very good

Abraxas at 90 State

90 State St, Albany, NY 12207

Studio–2 beds

1–2 baths

$1,600–$3,195

5d+ ago

Downtown Albany apartment for rent in Albany

Residential Lease, Albany, NY

46 Columbia St, Albany, NY 12207

1 bed

1 bath

$1,500

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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Frequently asked questions for Downtown Albany, Albany, NY

Quick answers to common questions about the Downtown Albany rental market.

How much is rent in Downtown Albany?

The average rent in Downtown Albany is $1,645 per month as of November 14, 2026.

Is rent up or down in Downtown Albany?

Average rent prices in Downtown Albany have remained the same over the last month and have decreased by 8% since last year.

How does Downtown Albany rent compare to the national average?

Rent in Downtown Albany is 13% below the national average, which means renters are paying approximately $255 less per month.

What salary do I need to afford rent in Downtown Albany?

To comfortably afford rent in Downtown Albany, you'd need to earn approximately $66,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).