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Apartments Under $500 in Albany, NY

1 - 3 of 3 Results
12
$500
204 Washington Ave
Alba, NY
1 BR | Ask for Availability
Contact
Downtown Albany
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 - 3 of 3 Results

All Apartments in Albany, NY

30 Results
1
$2,500
560 Madison
560 Madison Ave Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$1,360
199 South Allen Apartments
4.0
199 S Allen St Albany, NY
2 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Surface Parking
Storage
Disability Access
1
$1,995
69 Winthrop
69 Winthrop Ave Albany, NY
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
0
$2,300
Newly Built Luxury Apartment
30 Pine Ln Apt 205 Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
0
$2,100
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
$1,750
Newly Built Luxury 1 Bed Apartment!
30 Pine Ln Apt 111 Albany, NY
1 BR | Jan. 18, 2027
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$1,400
South Lake Apartments
47-49 S Lake Ave Albany, NY
1 BR | Nov. 30, 2026
Contact
Dog Friendly
Cat Friendly
1
$1,400
108 South Lake
108 S Lake Ave Albany, NY
1 BR | Available Now
Contact
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
12
$2,600
470 Hudson Ave
Albany, NY
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
In Unit Laundry
8
$2,300
Albany 2Bedroom Unit
3 Fordham Ct Albany, NY
2 BR | Ask for Availability
House
Air Conditioning
In Unit Laundry
Fitness Center
Dishwasher
5
$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
18
3D Tour
$1,725
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
26
$2,600
Beautiful Remodeled 4 Bedroom, 1.5 Bathroom, 1st Floor
52 Elberon Pl Albany, NY
1 BR | Available Now
Contact
Disability Access
Dishwasher
28
$2,200
191 North Pearl
191 N Pearl St Albany, NY
2 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
1 BR | Available Now
Contact
Virtual Tour
Balcony/Deck/Patio
Storage
Disability Access
Dishwasher
6
$1,675 - 1,690
Crestwood Townhomes
357 Hackett Blvd Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Storage
Dishwasher
9
3D Tour
$2,600
Astonishing Remodeled 4 Bedroom, 1.5 Bathrooms, 1st Floor
55 Elberon Pl Albany, NY
1 BR | Available Now
Contact
Virtual Tour
In Unit Laundry
Storage
Dishwasher
9
$2,000
Wonder 5 Bedroom Student Housing
219 221 Quail St Albany, NY
5 BR | Available Now
Contact
Student
Balcony/Deck/Patio
Dishwasher
26
$1,600 - 3,195
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
10
$1,200 - 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
21
$1,650
49 Elberon Pl
Albany, NY
3 BR | Available Now
Contact
Student
Balcony/Deck/Patio
Storage
Dishwasher
33
$1,995
471 New Scotland Ave
Albany, NY
3 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
1
$2,495 - 2,595
The Flats At Crossgates
2 Crossgates Mall Rd Albany, NY
2 BR | Dec. 1, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
0
$2,300
Marvelous 4 Bedroom, 1 Bathroom, 1st Floor
660 Myrtle Ave Albany, NY
4 BR | Available Now
Contact
5
$1,300
277 Ontario St Unit 2F
Albany, NY
2 BR | Nov. 1, 2026
Contact
Dog Friendly
Cat Friendly
11
$1,200
542 Washington Ave Unit 2
Albany, NY
1 BR | Nov. 1, 2026
Contact
Dog Friendly
Cat Friendly
9
$1,500
25 Kent Ter Unit 1
Albany, NY
3 BR | Available Now
Contact
1
$1,595 - 3,200
662 State
662 State St Albany, NY
4 - 8+ 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 3 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 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.

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.

Which neighborhoods have the most apartments under $500 for rent in Albany, NY?

  1. Downtown Albany

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

Welcome to the October 2026 Albany Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the October 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 $1,330, with the majority falling between $490 and $2,520. Out of the 317 one-bedroom apartments currently on the market in Albany, 5 are priced below $500, accounting for 2% of the total available one-bedroom units in Albany.

Available Apartments Under $500: Albany vs. Surrounding Areas

Albany, NY
Troy, NY
5
5

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

City Apartments Under $500 in October M/M % Change
Albany, NY 5 +0.92%
Troy, NY 5 +0.97%
Clifton Park, NY 2 +0.8%
Selkirk, NY 1 +1.0%
Rotterdam, NY 1 +1.0%
Round Lake, NY 1 +0.8%
Schenectady, NY 1 +1.0%

Looking for Apartments Under $500 in Albany?

Available apartments under $500 35
Top amenities Balcony/Deck/Patio, On Site Laundry, Refrigerator, Garage Attached, Small Dogs Ok
Studio 1
1 Bedroom 10
3 Bedroom 3
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