Albany, NY Rental Market Trends
Last updated: April 15, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Albany is $1,730, a 4.14% increase compared to the previous year, when the average rent was $1,661.
Studio Apartments at $1,236 offer the most budget-friendly option with 331 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 709 square feet for $1,607, balancing privacy and affordability.
Two-beedroom units at $1,760 offer 919 square feet, perfect for roommates or small families.
Average rent in Albany, NY
Last updated: April 15, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,730 | 766 sq. ft. |
| Studio | $1,236 | 331 sq. ft. |
| 1 Bed | $1,607 | 709 sq. ft. |
| 2 Beds | $1,760 | 919 sq. ft. |
| 3 Beds | n/a | n/a |
Albany, NY rent trends
Rental prices in Albany, NY have increased by 4.14% over the past year. The average rent moved from $1,661 to $1,730.
What's the typical rent budget in Albany, NY?
The largest share of rentals in Albany, NY (41%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Albany, NY?
27,160 or 62% of the households in Albany, NY are renter-occupied while 16,585 or 38% are owner-occupied.
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Albany apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.