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 decreased by 2% over the last month and have decreased by 22% 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 $1,745, whereas a house costs $1,750. 1-bedroom apartments in Downtown Albany run $1,795 on average, while 2-bedroom apartments are $2,365.


Studio	$1,225	1%	12%
1 bedroom	$1,500	4%	2%
2 bedroom	$1,625	7%	27%
3 bedroom	$1,750	-	-
4 bedroom	$1,500	-	-

		Listings
Center Square	$1,582
Central Avenue	$1,350
Delaware Avenue	$1,600
Park South	$1,700
Sheridan Hollow	$1,350
West Hill	$1,200


Apartments	$1,745	3%	No Change
Condos	$1,900	No Change	No Change
Houses	$1,750	42%	No Change

Studio

Average rent

$1,225

Last 30 days

Last year

12%

1 bedroom

Average rent

$1,500

Last 30 days

Last year

2 bedroom

Average rent

$1,625

Last 30 days

Last year

27%

3 bedroom

Average rent

$1,750

4 bedroom

Average rent

$1,500

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$1,550

21%

lower than the national median

Median rent price$1,582

19%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Albany, Albany, NY is 2% lower than the median rent in Center Square, Albany, NY.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,582

$1,350

$1,600

$1,700

$1,350

$1,200

Discover rentals in Downtown Albany, Albany, NY

2d ago

7.7

Very good

135 Madison

135 Madison Ave, Albany, NY 12202

2 beds

1 bath

$1,400

Apartment for rent

5d+ ago

Downtown Albany apartment for rent in Albany

APARTMENT - Other - Albany, NY

37 Maiden Ln #3A, Albany, NY 12207

2 beds

1 bath

$1,800

$1,515

Price drop

Apartment for rent

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

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 $1,550 per month as of May 9, 2026.

Is rent up or down in Downtown Albany?

Average rent prices in Downtown Albany have decreased by 2% over the last month and have decreased by 22% since last year.

How does Downtown Albany rent compare to the national average?

Rent in Downtown Albany is 21% below the national average, which means renters are paying approximately $400 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 $62,000/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).