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 7% in the last month and have decreased by 13% 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 $1,542. A 1-bedroom apartment in Downtown Albany, Albany, NY costs about $1,720 on average, while a 2-bedroom apartment is $2,395. Houses for rent in Downtown Albany, Albany, NY are more expensive, with an average monthly cost of $1,700.


1 bedroom	$1,375	3%	14%
2 bedroom	$1,625	1%	14%
3 bedroom	$1,700	-	-
4 bedroom	$1,850	-	-
Studio	$1,500	7%	4%

		Comparables
Center Square	$1,500
Central Avenue	$1,250
Delaware Avenue	$1,495
Park South	$1,550
Sheridan Hollow	$1,300
West Hill	$1,400


Apartments	$1,542	2%	No Change
Condos	$1,575	No Change	No Change
Houses	$1,700	42%	No Change
Rooms	$650	-	-

Studio

Average rent

$1,500

Last 30 days

Last year

1 bedroom

Average rent

$1,375

Last 30 days

Last year

14%

2 bedroom

Average rent

$1,625

Last 30 days

Last year

14%

3 bedroom

Average rent

$1,700

4 bedroom

Average rent

$1,850

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$1,525

23%

lower than the national median

Median rent price$1,500

24%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Albany, Albany, NY is 2% 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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