Steuben Place Apartments
40 Steuben St,
Albany, NY 12207
$1,220 - $2,095 | Studio - 2 Beds
Downtown Albany Historic District
Albany, NY
Downtown Albany Historic District - Albany, NY
Area Guide
Live the good life in Downtown Albany
Picturesque
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Historic
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Riverfront
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Walkable
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Bicycle-Friendly
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Shops
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Restaurants
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Government
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University
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It isn't often that a city's downtown neighborhood is also its most beautiful, but it's very true for Albany. Downtown Albany is perched along the Hudson River and is home to cobblestone streets, elegant historic architecture, and tree-lined sidewalks. Located on Broadway, the State University of New York (SUNY) looks like a gothic castle, complete with spires and turrets. The State Capitol building is an equally impressive monolith and is flanked by parks. Head across State Street and you'll discover the Egg -- a uniquely designed, ultra-modern performing arts center. The history of the downtown area is fascinating -- settled during the 17th century, much of the current architecture in this National Historic District was built around 1800.
There's much more to Downtown Albany than its beauty -- it is home to award-winning restaurants, fantastic shops, major businesses, theaters, museums, and a riverfront park with views that will inspire you to sit and watch the day go by. Of course, if you're feeling active, Corning City Preserve is home to the Mohawk-Hudson River Bike Trail, a boat launch, and an amphitheater. And when you want to catch a sports event or see a concert, the Times Union Center provides the perfect destination.
Rent Trends
As of April 2025, the average apartment rent in Downtown Albany Historic District is $1,573 for a studio, $1,516 for one bedroom, $2,012 for two bedrooms, and $2,090 for three bedrooms. Apartment rent in Downtown Albany Historic District has increased by 0.8% in the past year.
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Studio
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482 sq ft
Average Sq Ft
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$1,573/month
Average Rent
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1 BR
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734 sq ft
Average Sq Ft
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$1,516/month
Average Rent
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2 BR
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1,081 sq ft
Average Sq Ft
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$2,012/month
Average Rent
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3 BR
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1,340 sq ft
Average Sq Ft
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$2,090/month
Average Rent
Transportation
93
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
71
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
72
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- Hudson River Valley National Heritage Area
- New York State Museum
- Audubon Center at Knox Farm State Park
- Children's Museum of Science & Technology
- Five Rivers Environmental Education Center
Airports
- Albany International
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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.