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 increased by 7% over the last month and have decreased by 10% 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 $1,650, whereas a house costs $1,800. 1-bedroom apartments in Downtown Albany run $1,795 on average, while 2-bedroom apartments are $2,285.


Studio	$1,300	5%	21%
1 bedroom	$1,500	10%	19%
2 bedroom	$1,700	4%	31%
3 bedroom	$1,800	-	-
4 bedroom	$2,000	-	-

		Listings
Center Square	$1,587
Central Avenue	$1,450
Delaware Avenue	$1,800
Park South	$1,575
Sheridan Hollow	$1,500
West Hill	$1,300


Apartments	$1,650	3%	No Change
Condos	$1,808	No Change	-
Houses	$1,800	42%	No Change

Studio

Average rent

$1,300

Last 30 days

Last year

21%

1 bedroom

Average rent

$1,500

Last 30 days

10%

Last year

19%

2 bedroom

Average rent

$1,700

Last 30 days

Last year

31%

3 bedroom

Average rent

$1,800

4 bedroom

Average rent

$2,000

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$1,700

12%

lower than the national median

Median rent price$1,587

18%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Albany, Albany, NY is 7% higher than the median rent in Center Square, Albany, NY.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,587

$1,450

$1,800

$1,575

$1,500

$1,300

Discover rentals in Downtown Albany, Albany, NY

5d+ ago

Downtown Albany apartment for rent in Albany

SINGLE_FAMILY - Other - Albany, NY

54 James St #STE2, Albany, NY 12207

Studio

0 baths

$1,100

Apartment for rent

5d+ ago

Downtown Albany apartment for rent in Albany

APARTMENT - Other - Albany, NY

37 Maiden Ln #3B, Albany, NY 12207

1 bed

1 bath

$1,250

Apartment for rent

2d ago

9.4

Excellent

99 Pine Street

99 Pine St, Albany, NY 12207

Studio–1 bed

1 bath

$1,275–$1,795

Apartment for rent

5d+ ago

Downtown Albany apartment for rent in Albany

54 James St, Albany, NY 12207

Studio

1 bath

$1,295

Apartment for rent

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

Apartment for rent

Available Sep 1

1d ago

8.3

Very good

The Argus Apartments

412 Broadway, Albany, NY 12207

1 bed

1 bath

$1,644

Apartment for rent

2d ago

8.5

Very good

402 Broadway

402 Broadway, Albany, NY 12207

2 beds

2 baths

$1,815

Apartment for rent

5d+ ago

8.7

Very good

60 State Street

60 State St, Albany, NY 12207

2 beds

2 baths

$2,100

Apartment for rent

Stay up to date with rental market insights

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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 $1,700 per month as of August 15, 2026.

Is rent up or down in Downtown Albany?

Average rent prices in Downtown Albany have increased by 7% over the last month and have decreased by 10% since last year.

How does Downtown Albany rent compare to the national average?

Rent in Downtown Albany is 12% below the national average, which means renters are paying approximately $225 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 $68,000/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).