520 Madison Ave Unit 1

Albany, New York combines historic architecture and contemporary living along the Hudson River. As the Capital District's center, the city balances government operations with welcoming neighborhoods. Current rental trends show moderate growth, with average rents ranging from $1,284 for studios to $1,914 for three-bedroom units, with an overall average of $1,506. The market has seen modest increases, with year-over-year changes varying from 1.8% to 3.5% across different unit sizes.

Albany's neighborhoods each offer distinct characteristics. Center Square features well-preserved row houses near local shops and restaurants, while Pine Hills sits close to educational institutions. Washington Park, an 81-acre green space designed in 1876, hosts summer concerts and provides winter recreation including ice skating. The Empire State Plaza and the New York State Capitol building create Albany's recognizable skyline.