Rental market trends in Albany, NY
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Average Apartment Cost in Albany, NY
Apartment Rent Ranges in Albany, NY
Apartment Prices Proportion | |
|---|---|
Neighborhood Apartment Rent Trends in Albany, NY
| Neighborhood | Studio Avg Rent | Annual Change |
|---|---|---|
| Park South | $1,692 | +11% |
| Ten Broeck Triangle | $1,475 | 0% |
| Downtown Malta | $1,388 | -- |
| Downtown Albany | $1,325 | -2% |
| Buckingham Lake - Crestwood | $1,260 | +16% |
| Central Avenue | $1,200 | 0% |
| Warehouse District | $1,175 | -- |
| Sheridan Hollow | $1,095 | -- |
| Hudson Park | $1,015 | +6% |
| Neighborhood | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Park South | $1,895 | +9% |
| Downtown Malta | $1,778 | +3% |
| Ten Broeck Triangle | $1,675 | -2% |
| Washington Park | $1,612 | +13% |
| Buckingham Lake - Crestwood | $1,400 | +14% |
| Sheridan Hollow | $1,380 | -- |
| Warehouse District | $1,360 | -- |
| Downtown Albany | $1,360 | -17% |
| Central Avenue | $1,350 | 0% |
| North Albany - Shaker Park | $1,291 | +6% |
| Neighborhood | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Warehouse District | $2,995 | -- |
| Ten Broeck Triangle | $2,662 | 0% |
| Sheridan Hollow | $2,385 | -- |
| Pine Hills | $2,380 | +9% |
| Downtown Malta | $2,378 | -7% |
| Park South | $2,360 | +7% |
| Washington Park | $1,880 | 0% |
| Central Avenue | $1,850 | 0% |
| Downtown Albany | $1,795 | -11% |
| Buckingham Lake - Crestwood | $1,520 | +12% |
How Other Cities Compare to Albany, NY
| City | Studio Avg Rent | Annual Change |
|---|---|---|
| Cohoes | $1,555 | -- |
| Rensselaer | $1,450 | -- |
| Latham | $1,395 | +5% |
| Malta | $1,388 | -- |
| Troy | $1,166 | -7% |
| Schenectady | $1,125 | +8% |
| Lee | $1,100 | -- |
| Clifton Park | $1,069 | +5% |
| Watervliet | $1,065 | -- |
| Hudson | $995 | -- |
| City | 1 Bed Avg Rent | Annual Change |
|---|---|---|
| Delmar | $1,837 | +10% |
| Cohoes | $1,787 | +10% |
| Malta | $1,778 | +3% |
| Rensselaer | $1,750 | +35% |
| Ballston Spa | $1,700 | +25% |
| Hudson | $1,500 | -21% |
| Catskill | $1,500 | +20% |
| Guilderland | $1,497 | +10% |
| Schenectady | $1,400 | -3% |
| Latham | $1,370 | -1% |
| City | 2 Beds Avg Rent | Annual Change |
|---|---|---|
| Saratoga Springs | $2,865 | -25% |
| Malta | $2,378 | -7% |
| Cohoes | $2,225 | +9% |
| Ballston Spa | $2,150 | +24% |
| Rensselaer | $1,887 | +14% |
| Delmar | $1,887 | +6% |
| Schenectady | $1,790 | +10% |
| Catskill | $1,750 | -- |
| Hudson | $1,695 | +6% |
| Guilderland | $1,685 | -6% |
Albany, NY Rent Trends
| Studio | 1 Bed | 2 Beds | ||||||||||
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 |
| $1165 | $1105 | $1175 | $1125 | $1170 | $1187 | $1212 | $1237 | $1237 | $1227 | $1227 | $1212 | $1212 |
| $1267 | $1260 | $1267 | $1267 | $1305 | $1317 | $1330 | $1362 | $1362 | $1352 | $1347 | $1347 | $1352 |
| $1444 | $1447 | $1480 | $1465 | $1482 | $1497 | $1477 | $1500 | $1500 | $1547 | $1577 | $1645 | $1645 |
| $1500 | $1500 | $1500 | $1487 | $1532 | $1532 | $1550 | $1532 | $1532 | $1655 | $1580 | $1630 | $1630 |
Neighborhood Information for Albany, NY
What are the most affordable neighborhoods in Albany, NY?
The most affordable neighborhoods in Albany are Beverwyck, where the average 1-bedroom apartment rent goes for $837, Arbor Hill, where renters pay $924 on average for a 1-bedroom apartment, and Center Square, where the average 1-bedroom apartment rent goes for $1,050. If you're looking for other great deals, check out the listings in Hudson Park ($1,075 for a 1-bedroom apartment) or West Hill ($1,085 for a 1-bedroom apartment), compared to the $1,352 average for an Albany 1-bedroom apartment.
What are the most expensive neighborhoods in Albany, NY?
The most expensive neighborhoods in Albany are Park South, where the average 1-bedroom apartment rent goes for $1,895, Downtown Malta, where renters pay $1,778 on average for a 1-bedroom apartment, and Ten Broeck Triangle, where the average 1-bedroom apartment rent goes for $1,675. If you're looking for other premium neighborhoods, check out the listings in Washington Park ($1,612 for a 1-bedroom apartment) or Buckingham Lake - Crestwood ($1,400 for a 1-bedroom apartment), compared to the $1,352 average for an Albany 1-bedroom apartment.
What are the most popular neighborhoods in Albany, NY?
The most popular neighborhoods in Albany are North Albany - Shaker Park, where the average 1-bedroom apartment rent goes for $1,291, Warehouse District, where renters pay $1,360 on average for a 1-bedroom apartment, and West Hill, where the average 1-bedroom apartment rent goes for $1,085. If you're looking for other popular neighborhoods, check out the listings in Arbor Hill ($924 for a 1-bedroom apartment) or Beverwyck ($837 for a 1-bedroom apartment), compared to the $1,352 average for an Albany 1-bedroom apartment.
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