Rentometer, Inc. | Data as of 10/22/2025
Albany’s rental market offers a balanced mix of historic charm and modern convenience, making it an attractive destination for professionals, students, and families alike. From the revitalized downtown corridor near Empire State Plaza to the leafy streets of Arbor Hill and the vibrant neighborhoods surrounding the University at Albany, renters can choose from a variety of apartment styles and single‑family homes. The city’s proximity to the Hudson River and easy access to the Capital District’s cultural amenities—including museums, theaters, and outdoor parks—enhance the appeal of living in this New York capital.
Apartment options in Albany span from efficient studios in the $1300s to spacious four‑plus bedroom units that reach the $2000 range, while houses provide a broader spectrum of space and privacy. Prospective tenants can find modest one‑bedroom apartments averaging around $1400, as well as larger configurations that comfortably accommodate families. For those seeking the extra room of a house, studio and one‑bedroom homes typically sit in the $1200‑$1300 range, with three‑ and four‑plus bedroom houses ranging from the $2000s up to the $2800s. Whether you’re drawn by the historic brick rowhouses of the South End, the modern condos near the riverfront, or the suburban feel of neighborhoods like Lark Street, Albany’s diverse rental inventory supports a wide range of lifestyle needs while keeping commutes to major employment hubs and educational institutions short and convenient.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,316 | $1,225 | $875 - $1,905 | $1,125 - $1,495 |
| Apartment | 1 Bedroom | $1,387 | $1,400 | $400 - $2,385 | $1,100 - $1,659 |
| Apartment | 2 Bedroom | $1,645 | $1,590 | $544 - $4,000 | $1,179 - $2,045 |
| Apartment | 3 Bedroom | $1,484 | $1,500 | $750 - $3,230 | $1,149 - $1,775 |
| Apartment | 4+ Bedroom | $2,174 | $1,960 | $1,049 - $4,000 | $1,700 - $2,750 |
| House | Studio | $2,837 | $2,150 | $1,300 - $5,750 | $2,000 - $5,750 |
| House | 1 Bedroom | $1,229 | $1,087 | $650 - $2,200 | $750 - $1,600 |
| House | 2 Bedroom | $1,607 | $1,495 | $675 - $2,900 | $999 - $2,100 |
| House | 3 Bedroom | $1,968 | $2,000 | $705 - $2,850 | $1,600 - $2,500 |
| House | 4+ Bedroom | $2,781 | $2,650 | $1,895 - $4,200 | $2,400 - $3,200 |
In the current period, the average rent in Albany was $1,438 for Studio, $1,381 for 1 Bedroom, $1,641 for 2 Bedroom, $1,789 for 3 Bedroom, and $2,183 for 4+ Bedroom.
Data provided by Rentometer, Inc.