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Apartments Under $500 in Albany, NY

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

All Apartments in Albany, NY

30 Results
20
Call for Pricing
Crestwood Townhomes
Deal
Intersection of Hackett Blvd and Picotte Drive Albany, NY
2 BR | Oct. 11, 2026
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
1
$3,500
560 Madison
560 Madison Ave Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
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
$1,575
Spacious 1-bedroom Apartment Across From Washington Park
49 S Lake Ave Albany, NY
1 BR | Sep. 10, 2026
Contact
Dog Friendly
Cat Friendly
0
$2,350
Newly Built Luxury Apartment
30 Pine Ln Apt 207 Albany, NY
2 BR | Aug. 17, 2026
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
0
$1,800
Newly Built Luxury Apartment!
30 Pine Ln Apt 212 Albany, NY
1 BR | Aug. 14, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
18
3D Tour
$1,725 - 2,200
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
12
$2,600
470 Hudson Ave
Albany, NY
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
In Unit Laundry
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
26
$1,600 - 2,590
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
26
$1,800
191 North Pearl
191 N Pearl St Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Disability Access
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
5
$1,495 - 1,595
The Residence At Capital Hills
1 Colatosti Pl Albany, NY
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
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
5
$1,800 - 2,000
Hinckel Brewery Development Llc
201 Park Ave Albany, NY
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
10
$1,195 - 1,600
69 Trinity Pl
Albany, NY
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
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
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
7
$1,369 - 1,572
Danker Village Apartments
129 Lincoln Ave Albany, NY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$2,700
3 Bd | 1 Ba | South Colonie Schools
27 Hanifin Ave Albany, NY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,300 - 1,500
Lofts @ Spruce
242 Spruce St Albany, NY
1 BR | Aug. 10, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
1
$2,000
223 Western Ave
Albany, NY
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
0
$2,300
Marvelous 4 Bedroom, 1 Bathroom, 1st Floor
660 Myrtle Ave Albany, NY
4 BR | Available Now
Contact
11
$1,200
542 Washington Ave Unit 2
Albany, NY
1 BR | Aug. 1, 2026
Contact
Dog Friendly
Cat Friendly
5
$1,300
277 Ontario St Unit 2F
Albany, NY
2 BR | Aug. 1, 2026
Contact
Dog Friendly
Cat Friendly
5
$980
469 Ontario St Unit 1F
Albany, NY
Studio | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
6
$1,695
520 Madison Ave Unit 1
Albany, NY
3 BR | Available Now
Contact
Cat Friendly
1
$1,200
81 Ten Broeck St
Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
  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 18 one-bedroom apartments under $500 available for rent in Albany.

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

Rentable.co has 25 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: July Rental Information

Welcome to the July 2026 Albany Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 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 $1,880

Available Apartments Under $500: Albany vs. Surrounding Areas

Albany, NY
Troy, NY
6
4
In ``July`` ``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 July M/M % Change
Albany, NY 6 +1.03%
Troy, NY 4 +0.96%
Glenmont, NY 1 +1.0%
Selkirk, NY 1 +1.0%
Rotterdam, NY 1 +1.0%
Schenectady, NY 1 +1.0%
Cohoes, NY 1 +0.5%

Looking for Apartments Under $500 in Albany?

Available apartments under $500 48
Top amenities Refrigerator, Range / Oven, Microwave, Freezer, Small Dogs Ok
Deals 2
Pet friendly 2
Utilities included 2
1 Bedroom 7
2 Bedroom 3
3 Bedroom 3
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