Slip 12
21 Erie Blvd,
Albany, NY 12204
$1,225 - $2,195
Studio - 3 Beds
Albany
Albany, NY
Area Guide
History and culture come alive in New York’s capital city
River
•
Parks
•
Outdoors
•
Nature
•
College
•
Museums
•
Artistic
•
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.
Explore the City
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
Rent Trends
As of December 2025, the average apartment rent in Albany, NY is $1,243 for a studio, $1,545 for one bedroom, $1,826 for two bedrooms, and $1,923 for three bedrooms. Apartment rent in Albany has increased by 2.5% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,545/month
704 Sq Ft
House
$2,124/month
964 Sq Ft
Condo
$1,805/month
793 Sq Ft
Townhome
$1,991/month
1,311 Sq Ft
Cost of Living
The cost of living in Albany, NY is 6.9% higher than the national average. Generally, housing in Albany is 12.1% more expensive than the national average, with rent falling between $1,243 - $1,923. You can expect to pay 1.7% more for groceries, 3.5% less for utilities, and 4.0% more for transportation.
Compare Cities
Transportation
69
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
42
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
54
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Schools
Public
Grades K-4
436 Students
Public
Grades PK-5
356 Students
Public
Grades PK-4
350 Students
New Scotland Elementary School
Public
Grades PK-5
473 Students
Public
Grades PK-4
417 Students
Public
Grades 5-8
868 Students
William S Hackett Middle School
Public
Grades 6-8
672 Students
Public
Grades 5-8
628 Students
Stephen And Harriet Myers Middle School
Public
Grades 6-12
641 Students
Public
Grades 6-8
286 Students
Public
Grades 9-12
1,538 Students
Public
Grades 9-12
2,676 Students
Stephen And Harriet Myers Middle School
Public
Grades 6-12
641 Students
School data provided by
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
© 2025. All rights reserved.
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
© 2025. All rights reserved.
Points of Interest
Shopping Centers
Parks and Recreation
- Audubon Center at Knox Farm State Park
- New York State Museum
- Hudson River Valley National Heritage Area
- Five Rivers Environmental Education Center
- Children's Museum of Science & Technology
Airports
- Albany International
Top Apartments in Albany
Houses for Rent in Albany
Property Management Companies in Albany, NY
Tri City Rentals
-
42
Communities
-
9,401
Units
-
19
Cities
20 Communities in Albany
Redburn Development Partners, LLC
-
20
Communities
-
1,420
Units
-
4
Cities
17 Communities in Albany
Cole Group Realty
-
16
Communities
-
2,019
Units
-
13
Cities
8 Communities in Albany
DHM Properties
-
29
Communities
-
6,991
Units
-
21
Cities
6 Communities in Albany
Willow Bridge
-
714
Communities
-
197,731
Units
-
340
Cities
4 Communities in Albany
Eagle Rock Properties
-
46
Communities
-
11,138
Units
-
39
Cities
3 Communities in Albany
Living in Albany
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
Nearby House Rentals
Nearby City Guides
Methodology
† 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 November 2025.