Abraxas at 90 State
90 State St,
Albany, NY 12207
$1,795 - $3,250
Studio - 2 Beds
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. The presence of the University at Albany influences the city's atmosphere, while traditions like the spring Tulip Festival celebrate the area's Dutch heritage. The city's cultural scene includes performances at the Palace Theatre and The Egg, exhibits at the Albany Institute of History & Art, and dining options throughout downtown and Lark Street areas.
Architecture behind a park in Albany
Landscaping and the Capitol Building
Albany's Empire State Plaza was the inspiration of Nelson Rockefeller
The New York State Department of Education Building in Albany
The Empire State Plaza contains several government buildings
The "Capitol Dog" is carved in the column along State Street
As of March 2026, the average apartment rent in Albany, NY is $1,244 for a studio, $1,546 for one bedroom, $1,830 for two bedrooms, and $1,953 for three bedrooms. Apartment rent in Albany has increased by 2.6% in the past year.
The cost of living in Albany, NY is 7.6% higher than the national average. Generally, housing in Albany is 13.7% more expensive than the national average, with rent falling between $1,244 - $1,953. You can expect to pay 1.2% more for groceries, 3.3% less for utilities, and 4.6% more for transportation.
Explore how walkable, bikeable, drivable, and transit-friendly Albany, NY is for everyday living.
Very Walkable
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
You'll likely want a car when living in this area since it has few transit options.
Bikeable
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Public
Grades PK-5
Public
Grades K-5
Public
Grades K-5
Public
Grades PK-5
Public
Grades K-5
Public
Grades K-8
Public
Grades K-8
KIPP Tech Valley Charter School
Public
Grades K-8
William S Hackett Middle School
Public
Grades 6-8
Stephen And Harriet Myers Middle School
Public
Grades 6-12
Public
Grades 9-12
Public
Grades 9-12
Albany Leadership Charter High School For Girls
Public
Grades 6-12
Green Tech High Charter School
Public
Grades 6-12
Stephen And Harriet Myers Middle School
Public
Grades 6-12
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by
GreatSchools.org
© 2026. All rights reserved.
42
Communities
9,401
Units
19
Cities
20
Communities
1,420
Units
4
Cities
16
Communities
2,019
Units
13
Cities
19
Communities
2,428
Units
7
Cities
29
Communities
6,991
Units
21
Cities
47
Communities
11,459
Units
40
Cities
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.