The Knick
16 Sheridan Ave,
Albany, NY 12210
$1,120 - $2,350
1-2 Beds
Downtown Albany
Albany, NY
Downtown Albany - Albany, NY
Area Guide
History runs deep in New York’s state capital
River
•
Urban
•
Nightlife
•
Restaurants
•
Historic
•
Entertainment
•
Museums
•
Sitting along the Hudson River and Interstate 787, Downtown Albany is the commercial center of New York’s state capital. This bustling urban destination is home to an array of historic landmarks, community green spaces, lively bars, delicious restaurants, and intricate theatres. Check out Times Union Center, a local attraction that serves as an entertainment hub for hockey, basketball, ice shows, concerts, and more. Nearby is the City Beer Hall, the New York State Capitol, and the Egg, a performing arts theater.
More live performances are held at Palace Theatre, an intricate theatre from 1931. After you find your industrial-chic apartment in this downtown district, venture over to the New York State Museum to explore the city’s natural and cultural history, visit the beautiful New York State Executive Museum, the 19th century Queen Anne home, or explore Washington Park, a historic green space that spans over 136 acres, featuring lakes, sports fields, gardens, statues, and more.
Rent Trends
As of January 2026, the average apartment rent in Downtown Albany is $1,185 for a studio, $1,345 for one bedroom, and $1,505 for two bedrooms. Apartment rent in Downtown Albany has increased by 3.5% in the past year.
-
Studio
-
600 sq ft
Average Sq Ft
-
$1,185/month
Average Rent
-
1 BR
-
781 sq ft
Average Sq Ft
-
$1,345/month
Average Rent
-
2 BR
-
1,050 sq ft
Average Sq Ft
-
$1,505/month
Average Rent
Points of Interest
Shopping Centers
Parks and Recreation
- New York State Museum
- Hudson River Valley National Heritage Area
- Audubon Center at Knox Farm State Park
- Children's Museum of Science & Technology
- Five Rivers Environmental Education Center
Airports
- Albany International
Top Apartments in Downtown Albany
Houses for Rent in Downtown Albany
Property Management Companies
Greystar
-
3,440
Communities
-
950,115
Units
-
884
Cities
Willow Bridge
-
703
Communities
-
194,205
Units
-
339
Cities
AMC
-
647
Communities
-
128,216
Units
-
251
Cities
RPM
-
620
Communities
-
169,122
Units
-
244
Cities
Avenue5 Residential
-
546
Communities
-
120,599
Units
-
218
Cities
Cushman & Wakefield
-
469
Communities
-
110,631
Units
-
238
Cities
Search Nearby Rentals
Nearby City Rentals
Nearby Neighborhood Rentals
Nearby House Rentals
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.