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Apartments Under $500 in Albany, NY

1 - 4 of 4 Results
$ Ask - 3,900
240 Quail St
Albany, NY
6 BR | Jul. 30, 2026
Contact
$ Ask - 3,000
Beautiful 3/5 Bedroom, 2 Bath
415 Hudson Ave Albany, NY
5 BR | Jul. 30, 2026
Contact
Student
Storage
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
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1 - 4 of 4 Results
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Frequently Asked Questions

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

There are 4 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 23 one-bedroom apartments under $500 available for rent in Albany.

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

Rentable.co has 26 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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