Rental market snapshot for Albany, New York

Albany, New York Rental Property Market Overview

Albany, New York is the capital of the state and the county seat of Albany County. It is located on the west bank of the Hudson River, about 10 miles south of its confluence with the Mohawk River. According to the US Census, Albany had a population of 98,617 in 2021. Albany is a vibrant city with a rich history, diverse culture, and plenty of attractions. It is home to the New York State Capitol, the Empire State Plaza, and the New York State Museum, as well as numerous parks, restaurants, and entertainment venues.

The average rent for an apartment in Albany is $1,369. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -5.7% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Albany New York | Cost of Living

  • The most expensive ZIP Code in Albany is 12205 with an average price of $1,895
  • The cheapest ZIP Code in Albany is 12202 with an average price of $900

Albany ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
112205$1,895
212207$1,800
312203$1,800
412209$1,580
512206$1,519
612208$1,485
712210$1,195

Live near Albany, New York's Top Sights and Attractions

The University Art Museum is a vibrant cultural hub located in the heart of the Capital Region. It houses a diverse collection of art from around the world, spanning from ancient to contemporary works. The museum offers a variety of educational programs and events, including lectures, workshops, and family activities. It also features a sculpture garden and outdoor exhibitions, as well as a café and gift shop. The museum is a great place to explore and appreciate the beauty of art.

West Capitol Park is a beautiful public park located in the heart of the city. It is a great place to relax and take in the sights and sounds of the city. The park features a large central lawn surrounded by a variety of trees, shrubs, and flowers. There are also several monuments and sculptures throughout the park. Visitors can also take advantage of the park's many amenities, including a playground, picnic areas, and a walking path. The park is also home to a variety of events throughout the year, such as concerts, festivals, and other activities.

Lincoln Park is a beautiful, historic park located in the heart of Albany, New York. It features a large lake, lush gardens, and a variety of recreational activities. Visitors can enjoy a leisurely stroll along the lake, take a boat ride, or explore the park's many trails. The park also features a variety of monuments and sculptures, as well as a playground and picnic areas. It is a great place to relax and enjoy the beauty of nature.

The Crossings Of Colonie is a popular outdoor shopping center located in the Capital Region of New York. It features a variety of stores, restaurants, and entertainment venues, all situated around a beautiful courtyard. The center also includes a movie theater, an ice skating rink, and a carousel. Visitors can enjoy a variety of activities, from shopping to dining to entertainment, all in one convenient location.

Washington Park is a beautiful urban oasis located in the heart of Albany, New York. It is a popular destination for locals and visitors alike, offering a variety of activities and attractions. The park is home to a large lake, several walking paths, and a variety of gardens and monuments. There are also several playgrounds, tennis courts, and a bandstand for outdoor concerts. Visitors can also enjoy a variety of activities such as fishing, boating, and picnicking. Washington Park is a great place to spend a day outdoors, enjoying the beauty of nature and the city.

Corning Tower is a 48-story skyscraper located in Albany, New York. It is the tallest building in the state outside of New York City and is a prominent feature of the Albany skyline. The tower is home to the New York State Department of Education and the New York State Museum. It also offers spectacular views of the city and the surrounding area from its observation deck on the 42nd floor. The building is also home to a variety of shops and restaurants, making it a popular destination for locals and tourists alike.

Hoffman Park is a beautiful outdoor space located in the heart of the city. It features a large pond, walking trails, and plenty of open green space for picnics and outdoor activities. The park also has a playground, basketball court, and a gazebo for special events. The park is a great place to relax and enjoy nature, while also being conveniently located near downtown.

Madison Park is a picturesque waterfront park located on the banks of the Hudson River. It features a large grassy area perfect for picnics and outdoor activities, as well as a playground and a boat launch. The park also offers stunning views of the river and the surrounding area, making it a great spot for a leisurely stroll or a romantic evening.

Beverwyck Park is a beautiful outdoor space located in the heart of the Capital Region. It features a large lake, a variety of trails, and plenty of open space for picnicking, fishing, and other recreational activities. The park is also home to a variety of wildlife, including ducks, geese, and other birds. In addition, the park is home to a variety of trees, shrubs, and flowers, making it a great place to take a stroll and enjoy the natural beauty of the area.

The NY Attorney General is an attraction in Albany, New York that offers visitors a chance to learn more about the state's legal system. The attraction includes interactive exhibits, educational programs, and a variety of artifacts related to the history of the office. Visitors can explore the history of the Attorney General's office, learn about the role of the Attorney General in the state, and gain insight into the legal system. The attraction also offers a variety of special events, such as lectures and panel discussions, that provide an opportunity to engage with the office and its staff.

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Albany, New York area median rent change by ZIP Code map

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How does Albany compare to other cities in New York ?

citymedian price
Riverhead$13,000
Rye$2,695
Astoria$2,600
Dobbs Ferry$3,400
Selden$3,295
Central Islip$2,650
Elmira$950

Average household income in Albany area graph - US Census

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The median household income in Albany in 2021 was $48,512. This represents a 26.4% change from 2011 when the median was $38,394.

#categorypercent
0Less than $10,00011.2%
1$10,000 to $14,9996.3%
2$15,000 to $19,9995.0%
3$20,000 to $24,9994.7%
4$25,000 to $29,9994.5%
5$30,000 to $34,9995.7%
6$35,000 to $39,9994.5%
7$40,000 to $44,9994.3%
8$45,000 to $49,9995.1%
9$50,000 to $59,9998.0%
10$60,000 to $74,9998.9%
11$75,000 to $99,99910.6%
12$100,000 to $124,9998.3%
13$125,000 to $149,9994.3%
14$150,000 to $199,9994.5%
15$200,000 or more4.3%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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