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 July 2025, Albany's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Albany's average rent is 28.2% ($652) lower than the New York average of $2,314 and 6.4% ($113) lower than the U.S. average of $1,775.

Average Rent

$1,662

Monthly ChangeMonth Over Month Change

1.2% ($20)

Yearly ChangeYear Over Year Change

3.9% ($62)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,574	3.8% ($57)	10.5% ($149)
2 Beds	$1,803	3.7% ($64)	10.5% ($171)
3 Beds	$2,171	7.8% ($157)	5.2% ($108)

Nearby Cities	Average Rent	Avg. Rent vs. AlbanyAverage Rent vs. Albany	Avg. Days on MarketAverage Days on Market
Rensselaer	$1,983	19.3% ($321)	44 days
Glenmont	$2,701	62.5% ($1039)	31 days
Watervliet	$1,518	8.7% ($144)	36 days
Delmar	$1,969	18.5% ($307)	36 days
Latham	$1,622	2.4% ($40)	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.

What is the average rent in Albany, NY?

The average rent in Albany, NY is $1,662 per month.

What is the rental price range for houses in Albany, NY?

Houses in Albany typically rent for between $1,102 and $2,822 per month, with an average of $1,662 per month.

What is the average rent for different bedroom sizes in Albany, NY?

In Albany, the average rent for a 1-bedroom house is $1,574 per month, for a 2-bedroom house, $1,803 per month, and a 3-bedroom house is $2,171 per month.

How do rent prices in Albany, NY compare with the national average?

The average rent in Albany is 6.4% ($113) lower than the national average of $1,775 per month.

How have rent prices in Albany, NY changed recently?

The average rent in Albany has increased by 1.2% ($20) in the last month and increased by 3.9% ($62) over the past year.

How competitive is the rental market in Albany, NY?

The rental market in Albany, NY, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Albany, NY?

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.

How many rental properties are available in Albany, NY?

There are currently 148 rental properties available in Albany, NY.

Can I afford to rent a house in Albany, NY?

Based on the current averages, a household would need an annual income of $72,120 to comfortably afford a 2-bedroom house in Albany.