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Rental Market Trends in Albany, GA

What is the average rent in Albany, GA?

$763/month

Average Rent

722 Sq Ft

Average Apartment Size

+0.3%

Increase in the Last Year

As of August 2025, the average rent in Albany, GA is $763 per month. This is 53% lower than the national average rent of $1,640/month, making renting in Albany more affordable than most cities in the US. When you rent an apartment in Albany, you can expect to pay about per month for a studio, $763 for a one-bedroom apartment, and around $890 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $926 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$763/month
722 Sq Ft
Two Bedroom
$890/month
1,042 Sq Ft
Three Bedroom
$926/month
1,227 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$746/month
137 Sq Ft
Three Bedroom
$1,168/month
1,071 Sq Ft
Four Bedroom
$1,597/month
1,511 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Albany, GA?

In the past year, rent has increased by 0.3%, which averages out to $3 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated August 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Albany, GA
Last Updated August 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Albany, GA
Percentage*
Rent Range
28% Below $700/month
62% $700 - $1,000/month
11% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Albany, GA?

Because the average rent in Albany is $763, you’ll want to make about $2,543 per month or $30,516 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

Cost of Living

The cost of living in Albany, GA is 16.3% lower than the national average. Generally, housing in Albany is 40.4% less expensive than the national average, with rent falling between $0 - $926. You can expect to pay 3.7% less for groceries, 10.9% less for utilities, and 11.9% less for transportation.

City

Albany, GA

355 Available Apartments for Rent

Search for Nearby Apartments

How does Albany, GA compare to other nearby cities and neighborhoods?

Use the tool below to compare Albany, GA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Albany, GA

Apartment Averages

Nearby City Rent Trends

  • Leesburg Average Rent

Apartment communities in Albany we think you'll love

Pointe River

Pointe River

2707 Pointe North Blvd,
Albany, GA 31721

$736 - $1,300

1-3 Beds

Friar Tuck

Friar Tuck

2215 Friar Tuck Ln,
Albany, GA 31707

$775 - $930

1-2 Beds

Princeton Place Apartments

Princeton Place Apartments

539 N Westover Blvd,
Albany, GA 31707

$969 - $1,479

1-3 Beds

Quinn Court Apartments

Quinn Court Apartments

2401 Nottingham Way,
Albany, GA 31707

$880

3 Beds

Property Management Companies in Albany, GA

Meridian Management Group
Meridian Management Group
  • 48

    Communities

  • 5,412

    Units

  • 31

    Cities

5 Communities in Albany
Elon Property Management
Elon Property Management
  • 104

    Communities

  • 13,336

    Units

  • 62

    Cities

2 Communities in Albany
Valor Residential Group
Valor Residential Group
  • 35

    Communities

  • 5,469

    Units

  • 19

    Cities

2 Communities in Albany
Evans Realty
Evans Realty
  • 31

    Communities

  • 5,234

    Units

  • 17

    Cities

2 Communities in Albany
Sunbelt Properties
Sunbelt Properties
  • 13

    Communities

  • 1,517

    Units

  • 9

    Cities

2 Communities in Albany
RAM Partners
RAM Partners
  • 294

    Communities

  • 76,700

    Units

  • 169

    Cities

1 Community in Albany
Broad Management
Broad Management
  • 41

    Communities

  • 6,612

    Units

  • 36

    Cities

1 Community in Albany
Everest Equities Group
Everest Equities Group
  • 34

    Communities

  • 3,142

    Units

  • 29

    Cities

1 Community in Albany

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United States Georgia Albany Rental Trends

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 June 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity