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 in Downtown Albany

1 - 30 of 93 Results
57
$1,500 - 1,900
20 Park St Unit S-03
Albany, NY
Studio - 2 BR | Ask for Availability
Contact
Downtown Albany
11
$1,650
20 Park St
Albany, NY
Studio | Ask for Availability
Contact
Downtown Albany
36
$1,500 - 2,100
20 Park St
Albany, NY
Studio - 1 BR | Ask for Availability
Contact
Downtown Albany
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
11
$800
98 Columbia St
Albany, NY
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
2
$1,450 - 1,500
40 Sheridan
40 Sheridan Ave Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Dishwasher
Downtown Albany
5
$1,975
49 Sheridan Avenue
Albany, NY
2 BR | Available Now
Contact
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
1
$1,095 - 1,175
251 State Llc
251 State St Albany, NY
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Downtown Albany
8
$1,780 - 1,850
Kenmore
76 N Pearl St Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Balcony/Deck/Patio
3
$1,350 - 2,100
60 State St
Albany, NY
Studio - 2 BR | Jun. 3, 2024
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Downtown Albany
1
$1,625
The Apartments At 66 State
66 State St Albany, NY
2 BR | Available Now
Contact
Heat Included
Air Conditioning
Dishwasher
Downtown Albany
10
$1,125
Madison / South Swan
Albany, NY
1 BR | Available Now
Contact
Cat Friendly
Storage
Disability Access
Downtown Albany
$1,125
Madison / South Swan
Albany, NY
1 BR | Available Now
Contact
Downtown Albany
20
$1,800
37 Ten Broeck St Unit 1st
Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Downtown Albany
13
$1,350
59 Grand St Unit Bsmt
Albany, NY
2 BR | Available Now
Contact
Downtown Albany
11
$1,100
151 Madison Ave Unit Unit
Albany, NY
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Downtown Albany
2
$1,650 - 1,800
191 North Pearl
191 N Pearl St Albany, NY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
16
$1,325
359 Madison Ave Unit Basement
Albany, NY
2 BR | Available Now
Contact
Cat Friendly
Downtown Albany
8
$1,144
362 Madison Ave
Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Downtown Albany
7
$1,000
114 Dove St Unit 114
Albany, NY
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Downtown Albany
17
$1,295
103 Ten Broeck St Unit 1
Albany, NY
1 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
12
$1,075
402 Hamilton St
Albany, NY
1 BR | Jun. 1, 2024
Contact
$1,150 - 1,600
@hudsonpark
160 Myrtle Ave Albany, NY
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
5
$1,650 - 1,800
Lofts @ Spruce
242 Spruce St Albany, NY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
9
$1,050 - 1,300
69 Trinity Pl
Albany, NY
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
5
$1,550 - 2,240
Hinckel Brewery Development Llc
201 Park Ave Albany, NY
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
12
$1,300
32 Park Ave Unit 1st
Albany, NY
2 BR | Available Now
Contact
Cat Friendly
Storage
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
14
$1,200
3 Dana Ave
Albany, NY
1 BR | Sep. 1, 2024
Contact
Storage
6
$895
285 Washington Ave
Albany, NY
Studio | Available Now
Contact
1 - 30 of 93 Results
  1. Home
  2. Albany
  3. Downtown Albany
Frequently Asked Questions

How many apartments are available in Downtown Albany on Rentable.co?

Rentable.co has over 97 apartments available near Downtown Albany.

What is the average rent for a studio apartment in Downtown Albany?

The average rent for a studio apartment near Downtown Albany is around $1,350 per month.

What is the average rent for a one-bedroom apartment in Downtown Albany?

The average rent for a one-bedroom apartment near Downtown Albany is around $1,170 per month.

What is the average rent for a two-bedroom apartment in Downtown Albany?

The average rent for a two-bedroom apartment near Downtown Albany is around $1,550 per month.

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

Rentable.co has over 2,764 apartments available in Albany.

What is the average rent for a studio apartment in Albany, NY?

The average rent for a studio apartment in Albany is around $1,400 per month.

What is the average rent for a one-bedroom apartment in Albany, NY?

The average rent for a one-bedroom apartment in Albany is around $1,230 per month.

What is the average rent for a two-bedroom apartment in Albany, NY?

The average rent for a two-bedroom apartment in Albany is around $1,550 per month.

How expensive is it to rent an apartment in Albany, NY?

For a two-bedroom apartment in Albany, the average rent price is $1,550 per month, which is similar to the national average of $1,620 per month.

Can I afford an apartment for rent in Albany, NY?

Based on average rent prices in Albany, to afford a studio apartment you would need an annual household income of $56,000 to live comfortably.

Downtown Albany Neighborhood Summary

Albany is a city filled with rich history that shows through its many landmarks, various neighborhoods, and numerous unique places to hang out. Of course, the city’s pulse is defined by downtown. There are many bars and restaurants to choose from for some mouth-watering bites and fantastic drinks. Explore themany museums the area has to offer. If you’re looking for history in action, you can celebrate the city’s Dutch beginnings at the annual Tulip festival. Even the residential areas are vibrant and exciting!

Albany:
May Rent Report

Welcome to the May 2024 Albany Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Albany rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Albany and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Albany average rent prices in the chart below.

Monthly Rent Report

$2,000
$1,500
$1,000
$500
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Albany Rent Prices Decrease From April to May

Albany rent prices decreased over the last month. From April to May, the city experienced a -2.51% decrease for the price of a one-bedroom apartment. The rent price for a Albany one-bedroom apartments currently stands at $1,361.0.

When we take a look at the two-bedroom comparison from April to May, Albany experienced a -2.41% decrease for the price of a two-bedroom apartment. The rent price for a Albany two-bedroom apartments currently stands at $1,579.0.

May Prices: Albany vs. Surrounding Areas

Cohoes, NY
Clifton Park, NY
Troy, NY
Albany, NY
Watervliet, NY
Schenectady, NY
Guilderland, NY
Niskayuna, NY
$1,757
$1,605
$1,588
$1,396
$1,394
$1,378
$1,328
$1,272
$0
$600
$1,200
$1,800
$2,400
Median 1 BR Rent

Rent Prices in Albany and Surrounding Areas

Rent prices have decreased in Albany over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Albany suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Troy, NY, Cohoes, NY, Watervliet, NY, Guilderland, NY .

  • Rent decreased in Clifton Park, NY, Niskayuna, NY, Schenectady, NY.

  • 5 suburbs are currently priced higher than the city of Albany.

  • 2 suburbs are currently priced lower than the city of Albany.

May 2024 Pricing Trends: Albany vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Albany, NY
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,396
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Albany Rent Prices More Affordable Than Major Cities

Rent growth in Albany over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Albany average rent prices appear to be relatively affordable for local residents.

The price for a Albany one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Albany and surrounding area rent prices, take a look at the complete data set below.

Data set for Albany and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Albany, NY $1,396.0 1.23% $1,618.0 -1.64%
Troy, NY $1,588.0 4.13% $1,428.0 1.06%
Clifton Park, NY $1,605.0 -0.68% $1,852.0 0.38%
Cohoes, NY $1,757.0 4.65% $2,013.0 0.55%
Niskayuna, NY $1,272.0 0.00% $1,570.0 0.32%
Schenectady, NY $1,378.0 -0.51% $1,564.0 0.19%
Watervliet, NY $1,394.0 0.94% $1,501.0 -4.09%
Guilderland, NY $1,328.0 0.38% $1,774.0 0.00%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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