Average Rent in Albany, NY (2026)
The average 1-bedroom rent in Albany, NY is $1,409/month as of 2026, based on HUD data across 35 ZIP codes. Rents have changed +6.2% year over year. Rents range from $1,110 to $1,890.
Average Rent · 1-Bedroom
$1,409/mo
Source: HUD Fair Market Rent · 35 zip codes
Year-over-Year
↑ +6.2%
Source: Apartment List, Zillow ZORI, HUD Fair Market Rent
Data through
The average 1-bedroom rent in Albany, NY is $1,409/month according to HUD FY2026 Fair Market Rent data, covering 35 ZIP codes. Rents have increased 6.2% year-over-year. The average 1-bedroom rent in Albany is 18% above the national average of $1,196/month.
Average rent in Albany, NY ranges from $1,110 to $1,890 across 35 ZIP codes.
Based on local market data, a fair rent increase in Albany, NY is approximately 6.2% for 2026. An increase above 6.2% exceeds the local market trend and may be worth negotiating.
Key Facts
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent, HUD SAFMR, Rentcast. Updated February 2026.
How much is rent in Albany, NY?
The average 1-bedroom rent in Albany, NY is $1,409/month as of 2026, based on HUD data across 35 ZIP codes. Rents range from $1,110 to $1,890 depending on neighborhood — a $780/month spread. To afford this at the 30% rule, a household would need approximately $56,360/year.
Is rent going up in Albany?
Rents in Albany have increased 6.2% year over year based on local market data. This is a notably high rate of increase, indicating strong upward rent pressure in Albany.
What is a fair rent increase in Albany?
Based on local market data, a rent increase around 6.2% is in line with the Albany market for 2026. An increase above that level exceeds the local trend and may be worth pushing back on. Check your specific increase with RenewalReply's free rent analysis tool.
Rent Trends in Albany
+6.2%
Rents in Albany are rising at +6.2% year-over-year.
− Estimated trend
Market sources range from +4.2% to +15.0%
Why the range? Zillow ZORI tracks what landlords are asking for units (+6.4%), while Apartment List tracks what renters actually sign leases at (+4.2%).Landlords are asking more than renters are paying — this suggests renters may have negotiating leverage in Albany right now.
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent
What Should Rent Cost in Albany?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in Albany typically rents for $1,213 – $1,328.
Rents above $1,527 are in the top 25% for this area.
A 1-bedroom in Albany typically rents for $1,409 – $1,545.
Rents above $1,777 are in the top 25% for this area.
A 2-bedroom in Albany typically rents for $1,693 – $1,856.
Rents above $2,134 are in the top 25% for this area.
A 3-bedroom in Albany typically rents for $2,029 – $2,225.
Rents above $2,559 are in the top 25% for this area.
A 4-bedroom in Albany typically rents for $2,242 – $2,457.
Rents above $2,826 are in the top 25% for this area.
Federal Rent Benchmarks for Albany
HUD Fair Market Rents are federal rent benchmarks published annually by HUD. They provide a consistent baseline for comparing rents across areas.
Studio
$1,213
HUD Fair Market Rent
1-Bedroom
$1,409
HUD Fair Market Rent
2-Bedroom
$1,693
HUD Fair Market Rent
3-Bedroom
$2,029
HUD Fair Market Rent
4-Bedroom
$2,242
HUD Fair Market Rent
Source: HUD SAFMR FY2026 · Updated
Zip Codes in Albany
Click any zip code for detailed rent data including zip-specific SAFMR rates, nearby comparables, and a free rent increase check.
| Zip Code | 1-BR SAFMR | YoY |
|---|---|---|
| 12161 | $1,890 | +3.9% |
| 12207 | $1,640 | +3.9% |
| 12222 | $1,540 | +3.9% |
| 12204 | $1,450 | +3.9% |
| 12007 | $1,440 | +3.9% |
| 12226 | $1,440 | +3.9% |
| 12208 | $1,430 | +3.9% |
| 12206 | $1,410 | +3.9% |
| 12209 | $1,320 | +3.9% |
| 12210 | $1,320 | +3.9% |
| 12085 | $1,240 | +3.9% |
| 12202 | $1,180 | +3.9% |
| 12884 | $1,120 | +8.0% |
| 12082 | $1,560 | — |
| 12055 | $1,440 | — |
| 12107 | $1,440 | — |
| 12128 | $1,440 | — |
| 12201 | $1,440 | — |
| 12212 | $1,440 | — |
| 12220 | $1,440 | — |
Showing top 20 of 35 zip codes.
SAFMR rates are zip-specific. YoY from Apartment List or Zillow ZORI where available.
How Does Albany Compare?
Questions about rent in Albany
What is the average 1-bedroom rent in Albany, NY?
The average 1-bedroom fair market rent in Albany, NY is $1,409/month as of 2026, based on HUD rent data across 35 ZIP codes in the city. This is 18% above the national average of $1,196/month. Rents range from $1,110 to $1,890 depending on ZIP code.
What is a fair rent increase in Albany?
A rent increase up to about 6.2% is broadly in line with the recent market trend in Albany. Increases above that level are above trend and should be tested against neighborhood-level pricing and comparable rentals. The current average 1-BR rent is $1,409/month.
Are rents going up or down in Albany?
Rents in Albany have increased 6.2% year over year based on local market data. This reflects local market conditions across 35 ZIP codes in the Albany-Schenectady-Troy, NY MSA area.
How much do rents vary across Albany?
1-bedroom rents across Albany range from $1,110 to $1,890 on this page, a $780/month spread. This shows that rent can vary materially across ZIP codes within the same city, reflecting neighborhood-level differences in housing stock and demand.
Can my landlord raise my rent in Albany?
We could not identify a city-specific rent cap for Albany. Landlords must still follow applicable state and local notice rules before raising rent at lease renewal. Requirements vary — check your state's landlord-tenant statute for specifics on notice periods and timing.
How much should I spend on rent in Albany?
The general guideline is to spend no more than 30% of your gross income on rent. With average 1-bedroom rent in Albany at $1,409/month, a household would need approximately $56,360/year in gross income to afford this comfortably. Many renters in high-cost areas spend above this threshold — our free tool can help you assess whether your specific rent is fair for your ZIP code.
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Renter Tools
Browse Albany ZIP Codes
See rent data by ZIP code in this city.
Renter Guides
- How to Negotiate a Rent Increase →
A data-driven guide with free email templates for pushing back on your landlord.
- Rent Increase Laws in New York →
See notice rules, caps, and tenant protections in New York.
- What Should I Pay for Rent? →
How to compare rent prices and know if you're getting a fair deal.
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →