Apartments for Rent in Albany, NY

Prices and availability in Albany, NY were last updated on 21 May 2026.

The best apartments in Albany, NY are: 338 Hudson street, Willett Apartments, The Palmer House Apartments, Danker Village Apartments and 400 Delaware Ave.

The average rent in Albany, NY is $1,617.

The price range for a studio apartment in Albany, NY is between $850 and $1,800.

The price range for a 1-bedroom apartment in Albany, NY is between $699 and $3,847.

The price range for a 2-bedroom apartment in Albany, NY is between $801 and $5,670.

The price range for a 3-bedroom apartment in Albany, NY is between $950 and $5,670.

In Albany, 62% of the residents are renting compared to 38% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 14% of Albany's rentals, 80% are small-scale complexes with under 50 units, and 5% are single-family rentals.

The average age of rental buildings in Albany is 46 years old, with 23% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 6 stories, of which 69% are garden-style apartment communities, 20% are mid-sized buildings, and 19% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Albany come in a range of sizes and floorplans. Studio apartments represent 11% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 44% of the total apartments in the city, while 2-bedroom floorplans represent around 37% of all rentals in Albany. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.