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Apartments Under $500 in Albany, NY

1 - 2 of 2 Results
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
2
$428
400 Hudson Ave
Albany, NY
1 BR | Ask for Availability
Contact
1 - 2 of 2 Results

All Apartments in Albany, NY

30 Results
5
$1,500 - 1,600
The Residence At Capital Hills
1 Colatosti Pl Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$1,995
69 Winthrop
69 Winthrop Ave Albany, NY
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
60
$2,395
Spacious And Sleek 2 Bedroom, One Bathroom In Guilderland, Ny!
2 Crossgates Mall Rd Albany, NY
2 BR | Sep. 15, 2026
Contact
Dog Friendly
Dishwasher
Fireplace
0
$2,300
Newly Built Luxury Apartment
30 Pine Ln Apt 205 Albany, NY
2 BR | Sep. 15, 2026
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$1,550
South Lake Apartments - Draft
47-49 S Lake Ave Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$2,350
Newly Built Luxury Apartment
30 Pine Ln Apt 207 Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
0
$2,275
Newly Built Luxury Apartment!
30 Pine Ln Apt 107 Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
18
$1,650
3 Bedroom, 1 Bathroom
43 Elberon Pl Albany, NY
3 BR | Available Now
Contact
Student
Balcony/Deck/Patio
Storage
Disability Access
Dishwasher
10
$1,250 - 1,600
69 Trinity Pl
Albany, NY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
32
3D Tour
$2,000
4 Bedroom, 1 Bath
818 Myrtle Ave Albany, NY
4 BR | Available Now
Contact
Virtual Tour
Balcony/Deck/Patio
Disability Access
Dishwasher
20
$1,800
Welcome To Park South Apartments
33 New Scotland Ave Albany, NY
1 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Fitness Center
Pool
26
$1,625 - 3,125
Abraxas at 90 State
Deal
90 State St Suite 700 Albany, NY
Studio - 2 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
In Unit Laundry
Fitness Center
12
$2,600
470 Hudson Ave
Albany, NY
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
In Unit Laundry
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
9
3D Tour
$2,600
Astonishing Remodeled 4 Bedroom, 1.5 Bathrooms, 1st Floor
55 Elberon Pl Albany, NY
4 BR | Available Now
Contact
Virtual Tour
In Unit Laundry
Storage
Dishwasher
9
$2,750
Wonder 5 Bedroom Student Housing
219 221 Quail St Albany, NY
4 - 5 BR | Available Now
Contact
Student
Balcony/Deck/Patio
Dishwasher
31
$600
54 Elberon Pl
Albany, NY
4 BR | Available Now
Contact
Virtual Tour
In Unit Laundry
Balcony/Deck/Patio
Dishwasher
25
$1,575
29 Elberon Pl
Albany, NY
3 BR | Available Now
Contact
Student
In Unit Laundry
Balcony/Deck/Patio
Storage
Dishwasher
21
$1,650
49 Elberon Pl
Albany, NY
3 BR | Available Now
Contact
Student
Balcony/Deck/Patio
Storage
Dishwasher
18
3D Tour
$1,725 - 2,000
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
$1,400 - 1,900
Hinckel Brewery Development Llc
201 Park Ave Albany, NY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
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
1
$1,650
153 Western
153 Western Ave Albany, NY
3 BR | Oct. 23, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
2
$1,700 - 1,900
The Reserve At Park South II
86 Dana Ave Albany, NY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
11
$1,600
20 Park St
Albany, NY
Studio | Ask for Availability
Contact
Downtown Albany
1
$1,495
275 S Allen St
Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
9
$1,719 - 2,112
The Monroe Apartments
49 Sheridan Ave Albany, NY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Downtown Albany
2
$1,550
One And Two Bedroom Units With Tons Of Natural Light!
800 Madison Ave Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
6
$1,700
343 Madison Ave Unit 1
Albany, NY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Downtown Albany
10
$1,350
4 Essex Ave Unit 2
Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
  1. Home
  2. Albany
  3. Apartments Under $500
Frequently Asked Questions

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

There are 2 apartments 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 20 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.

Can I afford a apartment under $500 in Albany, NY?

To comfortably afford a apartment under $500 in Albany based on average rent prices, a household would need an annual income of $17,000.

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

Welcome to the September 2026 Albany Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 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 <$500 $540 $620 $700 $780 $860 $940 $1,020 $1,100 $1,180 $1,260 $1,340 $1,420 $1,500 $1,580 $1,660 $1,740 >$1,820
This month, the typical cost to rent a one-bedroom apartment in Albany stands at $1,200, with the majority falling between $590 and $1,920. Out of the 261 one-bedroom apartments currently on the market in Albany, 3 are priced below $500, accounting for 1% of the total available one-bedroom units in Albany.

Available Apartments Under $500: Albany vs. Surrounding Areas

Albany, NY
Troy, NY
4
4
In ``September`` ``2026``, there are a total of ``14`` 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 September M/M % Change
Albany, NY 5 +1.03%
Troy, NY 5 +0.93%
Clifton Park, NY 2 +0.33%
Selkirk, NY 1 +1.0%
Rotterdam, NY 1 +1.0%
Schenectady, NY 1 +1.0%
Round Lake, NY 1 +0.33%
Glenmont, NY 0 +1.5%
Cohoes, NY 0 +1.67%

Looking for Apartments Under $500 in Albany?

Available apartments under $500 33
Top amenities Balcony/Deck/Patio, On Site Laundry, Refrigerator, Garage Attached, Small Dogs Ok
Studio 1
1 Bedroom 9
3 Bedroom 3
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