Most Affordable Neighborhoods in Albany, NY

Some of the cheapest neighborhoods in Albany are West Hill, Beverwyck, and Pine Hills. These neighborhoods offer some of the lowest rent prices in Albany, making them ideal for renters on a budget. As of March 15, 2025, the average rent in Albany is $1,485, which is 1.5% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

West Hill

Average Rent

$1,097/Month

Year-Over-Year Rent Change

0.8%

TransitScore® Rating

58/100

Units Available

7 Rentals

West Hill is a diverse, community-centric neighborhood that gives renters a small town feel with the excitement of New York living. The Tivoli Lake Preserve provides the perfect getaway for nature lovers, and Bleecker Stadium enhances the community through youth and adult sports leagues.

Beverwyck

Average Rent

$1,229/Month

TransitScore® Rating

60/100

Units Available

7 Rentals

Beverwyck offers spacious homes and proximity to local parks and schools. Two-story homes with wide front porches are a staple of Beverwyck, and residents enjoy the neighborhood's small-town feel.

Pine Hills

Average Rent

$1,343/Month

Year-Over-Year Rent Change

1.4%

TransitScore® Rating

58/100

Units Available

10 Rentals

Pine Hills is known for its historic homes and walkability. Residents enjoy living in a suburban, picket fence dream near Washington Park and Downtown Albany.

Sheridan Hollow

Average Rent

$1,345/Month

Year-Over-Year Rent Change

4.5%

TransitScore® Rating

71/100

Units Available

36 Rentals

Sheridan Hollow is a centrally located neighborhood just north of Downtown Albany. Historic townhomes and duplexes are a staple of Sheridan Hollow, giving the neighborhood the signature New York feel.

Normanskill/Kenwood

Average Rent

$1,406/Month

Year-Over-Year Rent Change

1.9%

TransitScore® Rating

39/100

Units Available

8 Rentals

Normanskill/Kenwood is a scenic neighborhood surrounded by greenery. Residents enjoy access to parks, hiking trails, and the Normans Kill Creek. Easy access to Downtown Albany makes this area perfect for nature lovers seeking a suburban living with city conveniences.

Downtown Albany Historic District

Average Rent

$1,456/Month

Year-Over-Year Rent Change

1%

TransitScore® Rating

71/100

Units Available

50 Rentals

The Downtown Albany Historic District is a bustling area filled with art, history, and nightlife. Catch a show at the MVP Arena or an art exhibit at the Albany Center Gallery. The neighborhood's walkability and vintage architecture make it a city landmark.

Arbor Hill

Average Rent

$1,499/Month

Year-Over-Year Rent Change

6.8%

TransitScore® Rating

64/100

Units Available

42 Rentals

When you’re looking for a great Albany neighborhood on a budget, check out Arbor Hill. The average rent is $1,499, compared to the city average of $1,485. Rent prices have increased by 6.8%. Arbor Hill is convenient to New York State Museum, Delaware Plaza, and Mid-City Shopping Center. The community is somewhat walkable with a WalkScore® of 66.

Washington Park

Average Rent

$1,519/Month

Year-Over-Year Rent Change

0.5%

TransitScore® Rating

63/100

Units Available

17 Rentals

Washington Park is a popular neighborhood centered around its namesake, the iconic Washington Park. Renters will enjoy the proximity to local shops and restaurants, as well as community events at Washington Park.

Central Avenue

Average Rent

$1,531/Month

Year-Over-Year Rent Change

0.1%

TransitScore® Rating

68/100

Units Available

10 Rentals

Central Avenue is a bustling neighborhood next door to Washington Park offering shopping, dining, and public transportation. Renters will appreciate the variety of housing options and historic charm.

Campus Area

Average Rent

$1,550/Month

Year-Over-Year Rent Change

2.5%

TransitScore® Rating

27/100

Units Available

19 Rentals

Campus Area is an affordable neighborhood in Albany with an average rent price of $1,550. Compare this to the city average of $1,485. In the past year, rent prices have increased by 2.5%. Campus Area provides easy access to Excelsior College, The College of Saint Rose, and Albany International. It’s a somewhat walkable neighborhood with a WalkScore® of 52.

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Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.