Apartments & Homes for Rent in 12207

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What to Know About

Life in Albany & Beyond

Albany shares many of the great qualities that make New York a desirable place to live.

New York state is known for its iconic skyscrapers, cultural diversity, and history. Visit notable museums, such as the Metropolitan Museum of Art, the American Museum of Natural History, and the Museum of Modern Art, to learn about the state's cultural heritage. New York is also home to prestigious universities like Columbia University, Cornell University, and New York University. The theater and art scene also thrive in New York, with world-renowned museums and performance centers in NYC like the Metropolitan Museum of Art, Lincoln Center, and Carnegie Hall.

From the breathtaking peaks of the Adirondack and Catskill Mountains to the scenic beauty of the Finger Lakes, outdoor enthusiasts will find plenty to explore. In terms of sports, New York is home to many professional teams like the New York Giants (NFL), Buffalo Bills (NFL), New York Rangers (NHL), New York Yankees (MLB), New York Mets (MLB), the New York Knicks (NBA), and Brooklyn Nets (NBA). In addition, embrace famous attractions like the Empire State Building, Statue of Liberty, Central Park, and Niagara Falls.

New York offers a high quality of life, a strong economy, and a rich cultural heritage, making it a great place to live.

Rental Market Trends

Albany, NY

As of April 2025, Albany's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Albany's average rent is 33.1% ($833) lower than the New York average of $2,520 and 6.2% ($112) lower than the U.S. average of $1,799.

Average Rent
$1,687
Monthly ChangeMonth Over Month Change
Increased0.7% ($11)
Yearly ChangeYear Over Year Change
Increased3.2% ($53)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,591 Decreased3% ($50) Increased10.9% ($157)
2 Beds $1,823 Decreased4% ($76) Increased11% ($180)
3 Beds $2,113 Decreased10.3% ($242) Increased1.7% ($36)
Nearby Cities Average Rent Avg. Rent vs. AlbanyAverage Rent vs. Albany Avg. Days on MarketAverage Days on Market
Rensselaer $2,020 Increased19.7% ($333) 44 days
Glenmont $2,670 Increased58.3% ($983) 31 days
Watervliet $1,449 Decreased14.1% ($238) 36 days
Delmar $1,966 Increased16.5% ($279) 36 days
Latham $1,713 Increased1.5% ($26) 31 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Albany Rental Market FAQs

Explore rental prices, market trends, and availability in Albany, NY.

The average rent in Albany, NY is $1,687 per month.
Homes in Albany typically rent for between $1,114 and $2,747 per month, with an average of $1,687 per month.
In Albany, the average rent for a 1-bedroom home is $1,591 per month, for a 2-bedroom home, $1,823 per month, and a 3-bedroom home is $2,113 per month.
The average rent in Albany is 6.2% ($112) lower than the national average of $1,799 per month.
The average rent in Albany has increased by 0.7% ($11) in the last month and increased by 3.2% ($53) over the past year.
The rental market in Albany, NY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Albany, NY, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 175 rental properties available in Albany, NY.
Based on the current averages, a household would need an annual income of $72,920 to comfortably afford a 2-bedroom home in Albany.
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