A WALK AROUND TOWN
🚶♂️Albany, New York Architectural Marvels| 4K Walking Tour!
A recorded city visit shared by OurRetiredLife. This is not a live camera or current conditions report.
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Living here
Average rent in Albany
What renters actually pay, by number of bedrooms, and how Albany compares with New York and the US.
Median rent
$1,178/mo
13% below US
1 bedroom
$1,009/mo
14% below US
2 bedrooms
$1,229/mo
8% below US
Renters paying 30%+ of income
50%
US 50%
Renter households
27,160
Rent by number of bedrooms
Studio$857a month28% below USIncome needed: $34,280/yr
1 bedroom$1,009a month14% below USIncome needed: $40,360/yr
2 bedrooms$1,229a month8% below USIncome needed: $49,160/yr
3 bedrooms$1,414a month6% below USIncome needed: $56,560/yr
4 bedrooms$1,379a month26% below USIncome needed: $55,160/yr
5+ bedrooms$922a month53% below USIncome needed: $36,880/yr
Median gross rent (contract rent plus utilities) for occupied rental units, by bedrooms. Income needed uses the 30% rule.
How Albany compares
- Albany$857
- New York$1,467
- United States$1,185
- Albany$1,009
- New York$1,497
- United States$1,180
- Albany$1,229
- New York$1,574
- United States$1,338
- Albany$1,414
- New York$1,767
- United States$1,500
Two-bedroom rent in nearby cities
- Albany$1,229
- White Plains$2,388
- Yonkers$1,815
- Huntington$2,460
- Syracuse$1,044
- North Hempstead$2,494
- Oyster Bay$2,243
- Islip$2,397
- Albany50%
- White Plains51%
- Yonkers54%
- Huntington46%
- Syracuse56%
- North Hempstead49%
- Oyster Bay68%
- Islip61%
Nearby cities are other Local City Network guides in New York, nearest first.
What rent can you afford?
$
At 30% of income you can spend about $1,229 a month.
- Studio $857
- 1 bedroom $1,009
- 2 bedrooms $1,229
- 3 bedrooms $1,414
- 4 bedrooms $1,379
- 5+ bedrooms $922
Green means the median Albany rent for that size fits your budget. Landlords often ask for income of 2.5–3× the monthly rent.
How stretched are renters?
50% of Albany renters spend 30% or more of their income on rent, and 30% spend half or more. The typical renter household puts 30% of its income toward rent (US: 50% and 25%).
Rent by zip code
12222$2,222/momedian rent12205$1,405/momedian rent12203$1,342/momedian rent12208$1,291/momedian rent12206$1,189/momedian rent12209$1,165/momedian rent12210$1,110/momedian rent12202$1,012/momedian rent12207$689/momedian rent
Median gross rent for each ZIP Code Tabulation Area that overlaps Albany.
HUD fair market rents
Studio$1,238
1 bedroom$1,425
2 bedrooms$1,711
3 bedrooms$2,039
4 bedrooms$2,249
HUD’s 2027 fair market rents for Albany-Schenectady-Troy, NY MSA are the payment benchmarks for housing vouchers (about the 40th percentile of recent movers’ rents), so they often differ from the medians above.
More on living in Albany
Neighborhoods of Albany
See Albany
Questions
What is the average rent in Albany?
The median gross rent (rent plus utilities) is $1,178 a month, 25% below the New York median and 13% below the national median.
How much is a one-bedroom apartment in Albany?
The median one-bedroom rents for $1,009 a month (US: $1,180).
How much is a two-bedroom in Albany?
The median two-bedroom rents for $1,229 a month (US: $1,338).
How much do you need to make to rent in Albany?
Using the common 30% rule, a median two-bedroom ($1,229) takes a household income of about $49,160 a year, and a one-bedroom about $40,360.
Is rent affordable in Albany?
About 50% of Albany renters spend 30% or more of their income on rent, and 30% spend at least half (US: 50% and 25%).
Source: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates (tables B25031, B25070 and B25071). Estimates have margins of error; figures are in 2023 dollars.