Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Albany area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

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
$1,244 - 1,511
Capitol Green
Deal
400 Central Ave Albany, NY
1 - 2 BR | Available Now
Contact
Heat Included
Income Restricted
20
$1,599 - 2,697
Crestwood Townhomes
Intersection of Hackett Blvd and Picotte Drive Albany, NY
2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
11
$1,195
826 Chestnut Street
826 Chestnut St Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
0
$1,300
Charming 1-bedroom, 1-bath Apartment In Albany’s Vibrant Center Square
100 Willet St Albany, NY
1 BR | Feb. 1, 2026
Contact
0
$1,750
Private Setting For This Newly Built Luxury 1 Bedroom Apartment!
30 Pine Ln Apt 206 Albany, NY
1 BR | Jan. 15, 2026
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
0
$1,600
Renovated 1 Bedroom With Laundry In Unit! Granite Countertops, Tiled Bathroom, Hardwood Floors, Off Street Parking & More!
86 Dana Ave Albany, NY
1 BR | Dec. 9, 2025
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$1,400
Renovated Apartment In Prime Center Square – Walk To Washington Park!
100 Willet St Albany, NY
1 BR | Jan. 1, 2026
Contact
9
3D Tour
$1,570 - 1,725
31 Elberon Pl
Albany, NY
3 BR | Available Now
Contact
Student
Virtual Tour
Storage
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
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
18
$1,195
103 Ten Broeck St Gdn
Albany, NY
1 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
29
$1,500 - 2,100
20 Park St
Albany, NY
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
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
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
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
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
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
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
5
$1,975
49 Sheridan Avenue
Albany, NY
2 BR | Available Now
Contact
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
5
$1,555
The Residence At Capital Hills
1 Colatosti Pl Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
23
$1,500
508 Yates St
Albany, NY
3 BR | Available Now
Contact
Heat Included
Student
Virtual Tour
Dishwasher
28
$2,150
Parkside Village
572 Russell Road Albany, NY
2 BR | Available Now
Contact
In Unit Laundry
Dishwasher
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
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
25
$2,200
29 Elberon Pl
Albany, NY
4 BR | Available Now
Contact
Student
In Unit Laundry
Balcony/Deck/Patio
Storage
Dishwasher
1
$1,700
93 Homestead Ave
Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
1
$2,450
The Flats At Crossgates
2 Crossgates Mall Rd Albany, NY
2 BR | Feb. 1, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
60
$2,425
Free 1 Month's Rent & Security Deposit Waived, Flats At Crossgates!
2 Crossgates Mall Rd Albany, NY
2 BR | Jan. 1, 2026
Contact
Dog Friendly
Dishwasher
0
$2,300
Marvelous 4 Bedroom, 1 Bathroom, 1st Floor
660 Myrtle Ave Albany, NY
4 BR | Available Now
Contact
  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 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: December Rental Information

Welcome to the December 2025 Albany Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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

Available Apartments Under $500: Albany vs. Surrounding Areas

Albany, NY
Troy, NY
8
4
In ``December`` ``2025``, there are a total of ``17`` 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 December M/M % Change
Albany, NY 8 +1.29%
Troy, NY 4 +1.0%
Cohoes, NY 1 +1.0%
Selkirk, NY 1 +1.0%
Rotterdam, NY 1 +1.0%
Schenectady, NY 1 +1.0%
Glenmont, NY 1 0.0%
Waterford, NY 0 0.0%

Looking for Apartments Under $500 in Albany?

Available apartments under $500 43
Top amenities Balcony/Deck/Patio, On Site Laundry, Refrigerator, Garage Attached, Small Dogs Ok
Studio 1
1 Bedroom 6
3 Bedroom 8
Browse Albany Apartments
Albany Apartments by Neighborhood
Albany Apartments by Bedrooms
Albany Apartments by Affordability
Albany Apartments with Amenities
Albany Apartments by Type
Colleges Near Albany
Albany Apartments by Zip Code