Median Age
33 Years
Largest Age Group
20-29 Years
Approximately 22% of Residents
Under 20
23%
Over 65
15%
Albany
Albany, NY Area Guide
Avg Rent
$1,558
Population
97,615
Renter Mix
66% Rent
History and culture come alive in New York’s capital city
River
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Parks
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Outdoors
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Nature
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College
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Museums
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Artistic
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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
Demographics
Median Household Income
$53,144
Average: $73,982
Education
32,895
Residents Have a Degree
Job Market
49,070
Workers Employed
Age Distribution
Get a sense of this area's population profile.
Housing Distribution
Albany has more renters than homeowners.
Renters
66%
Non-Renters
34%
Education Distribution
Review this city's overall education levels.
Bachelor's or Higher
29%
Other Education
71%
Rent Trends
As of April 2026, the average apartment rent in Albany, NY is $1,247 for a studio, $1,554 for one bedroom, $1,836 for two bedrooms, and $1,967 for three bedrooms. Apartment rent in Albany has increased by 2.8% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$1,554/month
710 Sq Ft
House
$2,149/month
879 Sq Ft
Condo
$1,688/month
754 Sq Ft
Townhome
$1,738/month
974 Sq Ft
Cost of Living
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 $1,247 - $1,967. You can expect to pay 1.2% more for groceries, 3.3% less for utilities, and 4.6% more for transportation.
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Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Albany, NY is for everyday living.
Fairly Walkable
Walkability
50
/ 100
Some Public Transit
Transit
40
/ 100
Exceptionally Drivable
Drivability
90
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Scores provided by
Schools
Public
Grades K-5
354 Students
Public
Grades PK-5
322 Students
Public
Grades K-5
503 Students
Public
Grades PK-5
351 Students
Public
Grades K-5
338 Students
Public
Grades K-8
873 Students
Public
Grades K-8
640 Students
KIPP Tech Valley Charter School
Public
Grades K-8
840 Students
William S Hackett Middle School
Public
Grades 6-8
613 Students
Albany Community Charter School
Public
Grades K-8
685 Students
Public
Grades 9-12
1,640 Students
Public
Grades 9-12
2,929 Students
Stephen And Harriet Myers Middle School
Public
Grades 6-12
570 Students
Green Tech High Charter School
Public
Grades 6-12
450 Students
Albany Leadership Charter High School For Girls
Public
Grades 6-12
370 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
© 2026. 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
© 2026. 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
- Elm Avenue Park
- Five Rivers Environmental Education Center
Military Bases
Airports
- Albany International
Top Apartments in Albany
Houses for Rent in Albany
Property Management Companies in Albany, NY
Tri City Rentals
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42
Communities
-
9,401
Units
-
19
Cities
20 Communities in Albany
Redburn Development Partners, LLC
-
19
Communities
-
1,415
Units
-
4
Cities
16 Communities in Albany
Cole Group Realty
-
16
Communities
-
2,019
Units
-
13
Cities
8 Communities in Albany
Burns Management
-
19
Communities
-
2,428
Units
-
7
Cities
8 Communities in Albany
DHM Properties
-
29
Communities
-
6,991
Units
-
21
Cities
6 Communities in Albany
Eagle Rock Properties
-
47
Communities
-
11,459
Units
-
40
Cities
3 Communities in Albany
Living in Albany
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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 February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.