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 3% over the last month and have increased by 6% 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 $1,750, whereas a house costs $1,800. 1-bedroom apartments in Downtown Albany run $1,695 on average, while 2-bedroom apartments are $2,000.


Studio	$1,300	3%	2%
1 bedroom	$1,500	3%	9%
2 bedroom	$1,400	2%	24%
3 bedroom	$1,775	-	-
4 bedroom	$1,775	-	-

		Listings
Center Square	$1,520
Central Avenue	$1,500
Delaware Avenue	$1,722
Park South	$1,537
Sheridan Hollow	$1,457
West Hill	$1,300


Apartments	$1,750	3%	No Change
Condos	$2,041	No Change	-
Houses	$1,800	No Change	-

Studio

Average rent

$1,300

Last 30 days

Last year

1 bedroom

Average rent

$1,500

Last 30 days

Last year

2 bedroom

Average rent

$1,400

Last 30 days

Last year

24%

3 bedroom

Average rent

$1,775

4 bedroom

Average rent

$1,775

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$1,775

lower than the national median

Median rent price$1,520

20%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Albany, Albany, NY is 17% higher than the median rent in Center Square, Albany, NY.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,520

$1,500

$1,722

$1,537

$1,457

$1,300

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

$1,700

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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 $1,775 per month as of September 26, 2026.

Is rent up or down in Downtown Albany?

Average rent prices in Downtown Albany have decreased by 3% over the last month and have increased by 6% since last year.

How does Downtown Albany rent compare to the national average?

Rent in Downtown Albany is 7% below the national average, which means renters are paying approximately $125 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 $71,000/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).