The Knick
16 Sheridan Ave,
Albany, NY 12210
$1,120 - $2,195
1-2 Beds
Downtown Albany
Albany, NY
Downtown Albany - Albany, NY Area Guide
History runs deep in New York’s state capital
River
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Urban
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Nightlife
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Restaurants
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Historic
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Entertainment
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Museums
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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 February 2026, the average apartment rent in Downtown Albany is $1,200 for a studio, $1,353 for one bedroom, and $1,505 for two bedrooms. Apartment rent in Downtown Albany has increased by 4.1% in the past year.
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Studio
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600 sq ft
Average Sq Ft
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$1,200/month
Average Rent
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1 BR
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781 sq ft
Average Sq Ft
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$1,353/month
Average Rent
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2 BR
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1,050 sq ft
Average Sq Ft
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$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
- Elm Avenue Park
- Children's Museum of Science & Technology
Airports
- Albany International
Top Apartments in Downtown Albany
Houses for Rent in Downtown Albany
Property Management Companies
Greystar
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3,469
Communities
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953,823
Units
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895
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Willow Bridge
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724
Communities
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200,280
Units
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346
Cities
RPM
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632
Communities
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174,176
Units
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246
Cities
AMC
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628
Communities
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125,492
Units
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248
Cities
Avenue5 Residential
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557
Communities
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123,876
Units
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220
Cities
Cushman & Wakefield
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467
Communities
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110,623
Units
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236
Cities
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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.