Downtown Albany

Albany, NY

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Downtown Albany - Albany, NY

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History runs deep in New York’s state capital

River Urban Nightlife Restaurants Historic Entertainment Museums

Sitting along the Hudson River and Interstate 787, Downtown Albany is the commercial center of New York’s state capital. This bustling urban destination is home to an array of historic landmarks, community green spaces, lively bars, delicious restaurants, and intricate theatres. Check out Times Union Center, a local attraction that serves as an entertainment hub for hockey, basketball, ice shows, concerts, and more. Nearby is the City Beer Hall, the New York State Capitol, and the Egg, a performing arts theater.

More live performances are held at Palace Theatre, an intricate theatre from 1931. After you find your industrial-chic apartment in this downtown district, venture over to the New York State Museum to explore the city’s natural and cultural history, visit the beautiful New York State Executive Museum, the 19th century Queen Anne home, or explore Washington Park, a historic green space that spans over 136 acres, featuring lakes, sports fields, gardens, statues, and more.

Rent Trends

As of April 2025, the average apartment rent in Downtown Albany is $1,299 for a studio, $1,383 for one bedroom, $1,656 for two bedrooms, and $1,629 for three bedrooms. Apartment rent in Downtown Albany has increased by 0.8% in the past year.

  • Studio

  • 330 sq ft

    Average Sq Ft

  • $1,299/month

    Average Rent

  • 1 BR

  • 632 sq ft

    Average Sq Ft

  • $1,383/month

    Average Rent

  • 2 BR

  • 937 sq ft

    Average Sq Ft

  • $1,656/month

    Average Rent

  • 3 BR

  • 980 sq ft

    Average Sq Ft

  • $1,629/month

    Average Rent

Points of Interest

Parks and Recreation

  • New York State Museum
  • Hudson River Valley National Heritage Area
  • Audubon Center at Knox Farm State Park
  • Children's Museum of Science & Technology
  • Five Rivers Environmental Education Center

Airports

  • Albany International

Top Apartments in Downtown Albany

Houses for Rent in Downtown Albany

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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 February 2025.