The Apex at Crossgates
6 Crossgates Mall Rd,
Albany, NY 12203
1-3 Beds | $2,201 - $4,175
Rental Market Trends in Albany, NY
Updated July 2026
The average rent in Albany, NY is $1,571/month.
Rent in Albany is roughly equal to the national average rent of of $1,663/month.
$1,571/month
Average Rent
704 Sq Ft
Average Size
+2%
Change / Year
2,682
Available Apartments
Albany rent varies by unit size and layout:
- Studio apartments in Albany average $1,257 per month.
- One-bedroom apartments in Albany average $1,571 per month.
- Two-bedroom apartments in Albany average $1,859 per month.
- Three-bedroom apartments in Albany average $1,962 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Albany, NY?
In the past year, rent has increased by 2%, which averages out to $32 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Albany, NY
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
11%
$700 - $1,000/month
34%
$1,001 - $1,500/month
41%
$1,501 - $2,000/month
13%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Albany?
Based on current rent prices, Sheridan Hollow, Arbor Hill and Central Avenue are the most affordable neighborhoods in Albany.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Albany?
Based on current rent prices, North Albany-Shaker Park, Dunes and New Scotland are the most expensive neighborhoods in Albany.
Neighborhood
Average Rent
Average Sq Ft
Which Albany neighborhoods have the most rentals available?
The neighborhoods in Albany with the most apartments available are Downtown Albany, Westmere/N Bethlehem and Downtown Albany Historic District .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Albany, NY?
Because the average rent in Albany is $1,571, you’ll want to make about $5,236 per month or $62,832 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, NY is 8.9% higher than the national average. Generally, housing in Albany is 16.0% more expensive than the national average, with rent falling between $1,257 - $1,962. You can expect to pay 1.0% more for groceries, 1.1% less for utilities, and 6.4% more for transportation.
How does Albany, NY compare to other nearby cities and neighborhoods?
Use the tool below to compare Albany, NY 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.
View the Albany Area GuideStudio
$1,222/month
-
One Bedroom
$1,484/month
-
Two Bedroom
$2,043/month
-
Three Bedroom
$2,517/month
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Albany?
The average rent in Albany is $1,571 per month, which is 5.5% lower than the national average of $1,663.
What is the average rent for a house in Albany?
The average rent for a house in Albany, NY is $2,268 per month.
What is the average rent for a townhome in Albany?
The average rent for a townhome in Albany, NY is $1,829 per month.
What is the average rent for a condo in Albany?
The average rent for a condo in Albany, NY is $1,235 per month.
Are rents going up or down in Albany?
Rents in Albany, NY are increasing, with prices up 2.0% year-over-year and $32 more per month.
What rent range is most common in Albany?
In Albany, NY, 41% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 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.
* Percentages may not total 100 due to rounding.