Average Rent in Albany, NY

Albany rentals average $0 for a studio rental to $2,400 for a 4-bedroom rental. The median price of all currently available listings is $1,500, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $80 (5.50%) year-over-year from $1,458 to $1,539. 1-bedroom rentals prices have decreased by $33 (-2.94%) year-over-year from $1,133 to $1,100. 2-bedroom rentals prices have increased by $248 (18.72%) year-over-year from $1,327 to $1,575. 3-bedroom rentals prices have decreased by $24 (-1.49%) year-over-year from $1,624 to $1,600. 4-bedroom rentals prices have increased by $376 (20.60%) year-over-year from $1,824 to $2,200. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 13.58% this month. 1-bedroom rents have gone down by 7.63% this month. 2-bedroom rents have gone up by 5.00% this month. 3-bedroom rents have gone down by 5.88% this month. 4-bedroom rents have gone up by 9.68% this month.