Average Rent in Albany, NY

Home » NY » Albany

Current Versus Historical Albany, NY Rents

Albany rentals average $1,095 for a studio rental to $2,000 for a 4-bedroom rental. The median price of all currently available listings is $1,700, or roughly $21 per square feet.

For the apartment units and housing in July 2026, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $527 (-29.29%) year-over-year from $1,800 to $1,273. 1-bedroom rentals prices have decreased by $13 (-0.95%) year-over-year from $1,313 to $1,300. 2-bedroom rentals prices have increased by $364 (25.38%) year-over-year from $1,436 to $1,800. 3-bedroom rentals prices have increased by $143 (7.58%) year-over-year from $1,882 to $2,025. 4-bedroom rentals prices have decreased by $381 (-16.01%) year-over-year from $2,381 to $2,000. 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 down by 10.53% this month. 1-bedroom rents have gone down by 11.16% this month. 2-bedroom rents have gone up by 4.85% this month. 3-bedroom rents have gone up by 10.00% this month. 4-bedroom rents have gone down by 20.00% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$47.66	$1,273	$1,800 (-29.29%)	$1,433 (-11.22%)
1 BR	$23.91	$1,300	$1,313 (-0.95%)	$1,229 (5.76%)
2 BR	$21.00	$1,800	$1,436 (25.38%)	$1,399 (28.65%)
3 BR	$19.68	$2,025	$1,882 (7.58%)	$1,683 (20.30%)
4+ BR	$20.13	$2,000	$2,381 (-16.01%)	$1,800 (11.11%)

Historical Rents in Albany, NY

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Albany

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Albany

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Albany

There are a total of 1 counties located by Albany, NY. One county in the area is Albany, NY. The average rent for rentals in these counties is $1,700. That's roughly around $21 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Albany, NY. Its average rent per month is $1,700. Vice versa, with an average rent of $1,700, Albany, NY is the most expensive county by Albany, NY.

Typically, rent for studios in Albany, NY is on par with the other counties nearby. In comparison, rent for one bedroom listings in Albany, NY is on par with the other counties nearby. Finally, rent for two bedrooms in Albany, NY is on par with the other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Albany, NY	$1,095	$1,423	$1,800	$1,700

Top Zipcodes Near Albany

Zipcode	Studio	1 Bed	2 Bed	All

Frequently Asked Questions - Albany Average Rents

What is the average rent price in Albany, NY?

The average monthly rental price for Albany, NY apartments for rent is approximately $1,700. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Albany, NY rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Albany, NY.

How much is a studio apartment in Albany, NY?

The average monthly rental price for studio apartments is $1,095 and an average price per square feet of $47.66. There are a total of 3 studio apartment listings currently available for rent in Albany.

How much is a one bedroom apartment in Albany, NY?

The average monthly rental price for one bedroom apartments is $1,423 and an average price per square feet of $23.91. There are a total of 26 one bedroom apartment listings currently available for rent in Albany.

How much is a two bedroom apartment in Albany, NY?

The average monthly rental price for two bedroom apartments is $1,800 and an average price per square feet of $21.00. There are a total of 31 two bedroom apartment listings currently available for rent in Albany.

How have rent prices in Albany, NY changed this year?

Rent prices for rentals in Albany, NY can fluctuate yearly. Specifically, studio rental prices have changed by -0.29%, one bedroom rental prices have changed by -0.01%, two bedroom rental prices have changed by 0.25%, three bedroom rental prices have changed by 0.08% year-over-year.

What is a reasonable rent price in Albany, NY?

A reasonable rent price in Albany, NY is around $1,360/month. You can search for these reasonably priced rental listings on RentHop.