Homes & Apartments for Rent in 97321

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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 2026, Albany's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Albany's average rent is 0.1% ($2) higher than the Oregon average of $1,595 and 10.7% ($191) lower than the U.S. average of $1,788.

Average Rent
$1,597
Monthly ChangeMonth Over Month Change
Decreased3.4% ($56)
Yearly ChangeYear Over Year Change
Decreased4% ($66)
Avg. Days on MarketAverage Days on Market
32
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,342 Decreased3.7% ($51) Decreased2.3% ($31)
2 Beds $1,628 Decreased1.6% ($27) Decreased1.6% ($26)
3 Beds $2,052 Increased0.5% ($10) Decreased3.8% ($82)
Nearby Cities Average Rent Avg. Rent vs. AlbanyAverage Rent vs. Albany Avg. Days on MarketAverage Days on Market
Jefferson $1,747 Increased9.4% ($150) 36 days
Corvallis $1,465 Decreased8.3% ($132) 28 days
Independence $1,980 Increased24% ($383) 33 days
Lebanon $1,500 Decreased6.1% ($97) 41 days
Monmouth $1,251 Decreased21.7% ($346) 33 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 $1,597 per month.
Homes in Albany typically rent for between $939 and $2,668 per month, with an average of $1,597 per month.
In Albany, the average rent for a 1-bedroom home is $1,342 per month, for a 2-bedroom home, $1,628 per month, and a 3-bedroom home is $2,052 per month.
The average rent in Albany is 10.7% ($191) lower than the national average of $1,788 per month.
The average rent in Albany has decreased by 3.4% ($56) in the last month and decreased by 4.0% ($66) 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 77 rental properties available in Albany, OR.
Based on the current averages, a household would need an annual income of $65,120 to comfortably afford a 2-bedroom home in Albany.
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