Rental market snapshot for Central Avenue, Albany

Central Avenue rental market summary

The rental market in Central Avenue, New York is showing signs of growth. In July 2023, there were 31 new listings, a 7.1% increase from the same time last year. The median rent in July 2023 was $1,300, a 17.5% increase from the previous month and a 7.1% increase from July 2022. This suggests that the rental market in Central Avenue is becoming increasingly competitive, with more people looking to rent in the area and landlords able to increase their rental prices.

Overall, the rental market in Central Avenue is showing signs of growth, with more people looking to rent in the area and landlords able to increase their rental prices. This is likely due to the area's proximity to New York City, as well as its many amenities and attractions. As the rental market continues to grow, it is likely that the median rent will continue to increase, making Central Avenue an attractive option for renters.

Median rent for all residential properties in Central Avenue

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The most expensive listings and top trending buildings in Central Avenue

Most Expensive Listings

AddressRent PriceBed / Bath
94 Spring St$1,7001 / 1.0
385 State St$1,6001 / 1.0
397 State St$1,4002 / 1.0
4 Central Ave$1,4001 / 1.0
409 State St$1,3001 / 1.0

Top Trending Buildings

building nameavg rent price
Packard Apartments LLC$1,775

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Bedroom Breakdown in Central Avenue

Studio
$1,050
MEDIAN RENT
1 Bedroom
$1,775
MEDIAN RENT
2 Bedroom
$2,038
MEDIAN RENT

Central Avenue neighborhood apartments rents

The rental market for studios in Central Avenue, New York is expected to remain relatively stable in August 2022, with only two new listings. The median rent for studios in August 2022 is estimated to be $1,050, though the median rent for July 2022 is not available. Therefore, it is not possible to determine the percent change in rent from July 2022 to August 2022. Overall, the rental market for studios in Central Avenue, New York is expected to remain relatively stable in August 2022.

The rental market for 1-bedroom apartments in Central Avenue, New York is showing signs of growth. In June 2023, there were 4 new 1-bedroom listings, a 47.9% increase in median rent from May 2023 to June 2023, and a median rent of $1,775. This indicates that the rental market is becoming more competitive and that demand for 1-bedroom apartments is increasing.

The rental market for 2-bedroom apartments in Central Avenue, New York is showing signs of growth. In June 2023, there were two new 2-bedroom listings, which is a positive sign for the market. The median rent for 2-bedroom apartments in June 2023 was $2,038, which is a 27.5% increase from the median rent in May 2023 of $1,598. This indicates that the rental market for 2-bedroom apartments in Central Avenue is on the rise and is likely to continue to increase in the coming months.

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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.

As of 2023-07-31, the median rent in Central Avenue is $1,300.
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