Albany stands as New York State's capital and oldest city, sitting along the west bank of the Hudson River. When searching for apartments for rent in Albany, you'll discover a city where historic architecture blends with modern living-from preserved row houses in Center Square to contemporary apartment communities near the University at Albany. Located about 150 miles north of New York City in the Capital District, Albany offers access to city conveniences and the Hudson Valley's natural landscapes.
Renting in Albany makes financial sense, with studios averaging $1,236 and one-bedrooms around $1,542 monthly. The city's economy revolves around state government, healthcare institutions like Albany Medical Center, and educational employers including SUNY Albany. Getting around is simple with Amtrak connections to Boston, Montreal, and NYC, plus comprehensive bus routes throughout the area. Major highways make commuting to Troy, Schenectady, and Saratoga Springs quick and easy. Popular neighborhoods like Pine Hills and downtown put you near Lark Street dining, shows at the Palace Theatre and The Egg, and year-round fun at 81-acre Washington Park-home to concerts, ice skating, and the annual Tulip Festival honoring the area's Dutch roots.
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The average rent in Albany, NY is $1,572.
The average rent for a studio apartment in Albany, NY is $1,253.
The average rent for a 1 bedroom apartment in Albany, NY is $1,572.
The average rent for a 2 bedroom apartment in Albany, NY is $1,871.
The average rent for a 3 bedroom apartment in Albany, NY is $1,957.
The average rent for a 4 bedroom apartment in Albany, NY is $1,859.
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Note: Based on community-supplied data and independent market research. Subject to change without notice.