Apartments & Homes for Rent in 97322

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What to Know About

Life in Albany & Beyond

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

Oregon is where stunning landscapes meet majestic mountains. Immerse yourself in the state's rich history and heritage by visiting the Oregon Museum of Science and Industry, the Portland Art Museum, and the Oregon Historical Society. Or further your education at top-ranked universities like the University of Oregon and Oregon State University. Oregon's diverse and growing economy, driven by technology, agriculture, and tourism, offers ample employment opportunities.

The state offers a rich landscape for outdoor enthusiasts, from skiing in the Cascade Mountains and hiking the Columbia River Gorge to exploring the rugged Oregon Coast. Sports fans can also cheer for the Portland Trail Blazers (NBA) or take in a game at Autzen Stadium or Moda Center. Discover famous attractions like the International Rose Test Garden, Powell's City of Books, and the breathtaking Crater Lake National Park. And remember to take in the spectacular views of the Oregon Coast, which stretches for 363 miles along the Pacific Ocean.

With its scenic natural wonders, vibrant culture, and endless opportunities for adventure, Oregon is the perfect place to call home.

Rental Market Trends

Albany, OR

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 0.5% ($8) lower than the Oregon average of $1,671 and 7.6% ($136) lower than the U.S. average of $1,799.

Average Rent
$1,663
Monthly ChangeMonth Over Month Change
Increased2.6% ($42)
Yearly ChangeYear Over Year Change
Decreased3.2% ($55)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,373 Increased2.5% ($33) Increased0.2% ($3)
2 Beds $1,654 Increased2% ($33) Increased3% ($48)
3 Beds $2,134 Increased0.1% ($3) Decreased5.6% ($126)
Nearby Cities Average Rent Avg. Rent vs. AlbanyAverage Rent vs. Albany Avg. Days on MarketAverage Days on Market
Jefferson $1,798 Increased8.1% ($135) 36 days
Corvallis $1,554 Decreased6.6% ($109) 28 days
Independence $1,805 Increased8.5% ($142) 33 days
Aumsville $1,285 Decreased22.7% ($378) 34 days
Lebanon $1,567 Decreased5.8% ($96) 41 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, OR.

The average rent in Albany, OR is $1,663 per month.
Homes in Albany typically rent for between $961 and $2,774 per month, with an average of $1,663 per month.
In Albany, the average rent for a 1-bedroom home is $1,373 per month, for a 2-bedroom home, $1,654 per month, and a 3-bedroom home is $2,134 per month.
The average rent in Albany is 7.6% ($136) lower than the national average of $1,799 per month.
The average rent in Albany has increased by 2.6% ($42) in the last month and decreased by 3.2% ($55) over the past year.
The rental market in Albany, OR, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Albany, OR, the average rental stays on the market for approximately 32 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 72 rental properties available in Albany, OR.
Based on the current averages, a household would need an annual income of $66,160 to comfortably afford a 2-bedroom home in Albany.
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