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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 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 4.8% ($79) lower than the Oregon average of $1,656 and 11.2% ($198) lower than the U.S. average of $1,775.
Average Rent
$1,577
Monthly ChangeMonth Over Month Change
1.5% ($24)
Yearly ChangeYear Over Year Change
1.9% ($29)
Avg. Days on MarketAverage Days on Market
32
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,333 | 2.1% ($28) | 1.4% ($18) |
| 2 Beds | $1,574 | 2.8% ($46) | 3.1% ($48) |
| 3 Beds | $2,071 | 0.2% ($4) | 1.6% ($33) |
| Nearby Cities | Average Rent | Avg. Rent vs. AlbanyAverage Rent vs. Albany | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Tangent | $1,751 | 11% ($174) | 37 days |
| Jefferson | $1,921 | 21.8% ($344) | 36 days |
| Corvallis | $1,466 | 7% ($111) | 28 days |
| Independence | $1,772 | 12.4% ($195) | 33 days |
| Lebanon | $1,505 | 4.6% ($72) | 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 $1,577 per month.
Homes in Albany typically rent for between $933 and $2,692 per month, with an average of $1,577 per month.
In Albany, the average rent for a 1-bedroom home is $1,333 per month, for a 2-bedroom home, $1,574 per month, and a 3-bedroom home is $2,071 per month.
The average rent in Albany is 11.2% ($198) lower than the national average of $1,775 per month.
The average rent in Albany has decreased by 1.5% ($24) in the last month and increased by 1.9% ($29) 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 82 rental properties available in Albany, OR.
Based on the current averages, a household would need an annual income of $62,960 to comfortably afford a 2-bedroom home in Albany.
