Eagle Pointe
225 Timber Ridge St,
Albany, OR 97322
2 Beds | $1,795
Rental Market Trends in Albany, OR
What is the average rent in Albany, OR?
$1,266/month
Average Rent
678 Sq Ft
Average Apartment Size
+1.2%
Increase in the Last Year
Albany, OR Rental Market Overview
The average rent in Albany, OR is $1,266 per month. This is 24% lower than the national average rent of $1,661/month, making renting in Albany more affordable than most cities in the US.
- Studio apartments in Albany average $1,010 per month.
- One-bedroom apartments in Albany average $1,266 per month.
- Two-bedroom apartments in Albany average $1,473 per month.
- Three-bedroom apartments in Albany average $1,798 or more per month.
Data Updated: July 1, 2026
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average 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, OR?
In the past year, rent has increased by 1.2%, which averages out to $16 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 July 2026
Legend
2025
2026
Rent Ranges in Albany, OR
Last Updated July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
15%
Below $700/month
16%
$700 - $1,000/month
38%
$1,001 - $1,500/month
28%
$1,501 - $2,000/month
3%
Above $2,000/month
What salary do I need to live comfortably in Albany, OR?
Because the average rent in Albany is $1,266, you’ll want to make about $4,220 per month or $50,640 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.
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 $1,266 per month, which is 23.8% lower than the national average of $1,661.
What is the average rent for a house in Albany?
The average rent for a house in Albany, OR is $2,082 per month.
Are rents going up or down in Albany?
Rents in Albany, OR are increasing, with prices up 1.2% year-over-year and $16 more per month.
What rent range is most common in Albany?
In Albany, OR, 38% of apartments fall between $1,001 - $1,500/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.