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Apartments Under $500 in Albany, NY

1 - 1 of 1 Result
11
$500
PER
ROOM
Off-Campus Student Apartment Priced Per Room
27 Elberon Place Albany, NY
3 BR | Available Now
Contact
Student
Virtual Tour
Balcony/Deck/Patio
1 - 1 of 1 Results

All Apartments in Albany, NY

30 Results
17
$1,511
Capitol Green
Deal
400 Central Ave Albany, NY
2 BR | Jan. 31, 2026
Contact
Heat Included
Income Restricted
20
$1,584 - 2,690
Crestwood Townhomes
Deal
Intersection of Hackett Blvd and Picotte Drive Albany, NY
2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
0
$1,450
Charming 1-bedroom, 1-bath Apartment In Albany’s Vibrant Center Square
100 Willet St Albany, NY
1 BR | Feb. 1, 2026
Contact
0
$1,450
Renovated Apartment In Prime Center Square – Walk To Washington Park!
100 Willet St Albany, NY
1 BR | Available Now
Contact
1
$1,450
100 Willett St
Albany, NY
1 BR | Feb. 10, 2026
Contact
28
$2,150
Parkside Village
572 Russell Road Albany, NY
2 BR | Available Now
Contact
In Unit Laundry
Dishwasher
5
$1,550 - 2,400
Hinckel Brewery Development Llc
201 Park Ave Albany, NY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
32
3D Tour
$2,000
4 Bedroom, 1 Bath
818 Myrtle Ave Albany, NY
4 BR | Jun. 20, 2026
Contact
Virtual Tour
Balcony/Deck/Patio
Disability Access
Dishwasher
9
3D Tour
$1,550 - 1,725
31 Elberon Pl
Albany, NY
3 BR | Available Now
Contact
Student
Virtual Tour
Storage
6
$1,250
The Palmer House Apartments
1 Columbia Place Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
Downtown Albany
5
$1,495 - 1,585
The Residence At Capital Hills
1 Colatosti Pl Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
18
3D Tour
$1,725 - 1,990
4 Bedroom, 1 Bath
58 Elberon Pl Albany, NY
4 BR | Available Now
Contact
Cat Friendly
Virtual Tour
Surface Parking
In Unit Laundry
Balcony/Deck/Patio
5
$1,975
49 Sheridan Avenue
Albany, NY
2 BR | Available Now
Contact
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
13
$1,170 - 1,250
Park Row Apartments
610 Warren Street Albany, NY
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Section 8
26
$2,600
Beautiful Remodeled 4 Bedroom, 1.5 Bathroom, 1st Floor
52 Elberon Pl Albany, NY
4 BR | Available Now
Contact
Disability Access
Dishwasher
7
$1,540 - 1,823
Crestwood Townhomes
Picotte Dr & Hackett Blvd Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
Storage
23
$1,500
508 Yates St
Albany, NY
3 BR | Available Now
Contact
Heat Included
Student
Virtual Tour
Dishwasher
14
$1,435 - 1,700
Willett Apartments
88 Willett Street Albany, NY
2 - 3 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Section 8
Fitness Center
6
3D Tour
$1,650
Wonderful 3 Bedroom Student Housing
45 Elberon Pl Albany, NY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
In Unit Laundry
25
$2,200
29 Elberon Pl
Albany, NY
4 BR | Available Now
Contact
Student
In Unit Laundry
Balcony/Deck/Patio
Storage
Dishwasher
11
$2,500
Beautifully Modernized 5 Bedroom, 1.5 Bathrooms, 1st Floor
711-713 Myrtle Ave Albany, NY
5 BR | Available Now
Contact
Virtual Tour
Balcony/Deck/Patio
Storage
Disability Access
Dishwasher
29
$1,700 - 1,750
191 North Pearl
191 N Pearl St Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Disability Access
7
$2,200
Beautiful 3/4 Bedroom, 1 Bath
520 Yates St Albany, NY
4 BR | Available Now
Contact
Surface Parking
Balcony/Deck/Patio
Storage
Disability Access
Dishwasher
75
$1,500 - 2,950
20 Park St
Albany, NY
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
8
$2,750
Wonder 5 Bedroom Student Housing
219 221 Quail St Albany, NY
4 - 5 BR | Available Now
Contact
Student
Balcony/Deck/Patio
Dishwasher
6
$1,400
Gorgeous And Spacious Condo In Albany For Rent
1110 Western Ave Albany, NY
2 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Fitness Center
Dishwasher
0
$2,300
Marvelous 4 Bedroom, 1 Bathroom, 1st Floor
660 Myrtle Ave Albany, NY
4 BR | Available Now
Contact
60
$2,425
Free 1 Month's Rent & Security Deposit Waived, Flats At Crossgates!
2 Crossgates Mall Rd Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Dishwasher
5
$1,500
130 5 4th Ave Unit 1
Albany, NY
2 BR | Available Now
Contact
1
$1,700
93 Homestead Ave
Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
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  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Albany, NY on Rentable.co?

There is 1 apartment under $500 in Albany currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Albany?

Rentable.co has 3 studio apartments under $500 available for rent in Albany.

How many one-bedroom apartments under $500 are available in Albany?

Rentable.co has 22 one-bedroom apartments under $500 available for rent in Albany.

How many two-bedroom apartments under $500 are available in Albany?

Rentable.co has 7 two-bedroom apartments under $500 available for rent in Albany.

Apartments Under $500 in Albany, NY: January Rental Information

Welcome to the January 2026 Albany Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the January 2026 key findings and figures for the Albany rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Albany and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Albany. Whether you're a student on a budget or looking for an affordable living option, this report will help you make an informed decision about your rental search.
0 2 5 7 10 <$800 $840 $920 $1,000 $1,080 $1,160 $1,240 $1,320 $1,400 $1,480 $1,560 $1,640 $1,720 >$1,800

Available Apartments Under $500: Albany vs. Surrounding Areas

Albany, NY
Troy, NY
6
4
In ``January`` ``2026``, there are a total of ``16`` apartments available for rent under $500 in the Albany, NY metro area. This includes apartments in Albany as well as nearby cities such as ``Cohoes, Colonie, Coxsackie, Mechanicville, Menands, Troy, Waterford, Round Lake, Watervliet, Esperance, Niskayuna, Glenville, Guilderland, Clifton Park, Delmar, Schenectady, Amsterdam, Latham, Rotterdam, Selkirk, Glenmont, and Rensselaer``. Prospective renters looking for affordable options will have a variety of choices in different locations around Albany.

Apartments Under $500 Now vs. Last Month: Albany and Surrounding Areas

City Apartments Under $500 in January M/M % Change
Albany, NY 7 +1.22%
Troy, NY 4 +1.0%
Cohoes, NY 1 +0.83%
Glenmont, NY 1 +0.5%
Selkirk, NY 1 +1.0%
Rotterdam, NY 1 +1.0%
Schenectady, NY 1 +1.0%
Waterford, NY 1 0.0%
Watervliet, NY 0 +1.0%

Looking for Apartments Under $500 in Albany?

Available apartments under $500 40
Top amenities Balcony/Deck/Patio, On Site Laundry, Refrigerator, Garage Attached, Small Dogs Ok
Studio 1
1 Bedroom 6
3 Bedroom 6
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