East Lake Apartments
500 Pinson Rd,
Albany, GA 31705
1-3 Beds | $700 - $1,000
Rental Market Trends in Albany, GA
What is the average rent in Albany, GA?
$757/month
Average Rent
722 Sq Ft
Average Apartment Size
-0.2%
Decrease in the Last Year
As of February 2025, the average rent in Albany, GA is $757 per month. This is 51% lower than the national average rent of $1,555/month, making renting in Albany more affordable than most cities in the US. When you rent an apartment in Albany, you can expect to pay about per month for a studio, $757 for a one-bedroom apartment, and around $865 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $908 or more.
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, GA?
In the past year, rent has decreased by 0.2%, which averages out to $1 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Albany, GA
Last Updated February 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
26%
Below $700/month
61%
$700 - $1,000/month
13%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Albany?
Based on current rent prices, Albany/Southwest is the most affordable neighborhood in Albany.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Albany?
Based on current rent prices, Albany/Southwest is the most expensive neighborhood in Albany.
Neighborhood
Average Rent
Average Sq Ft
Which Albany neighborhoods have the most rentals available?
The neighborhood in Albany with the most apartments available is Albany/Southwest .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Albany, GA?
Because the average rent in Albany is $757, you’ll want to make about $2,523 per month or $30,276 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.
How does Albany, GA compare to other nearby cities and neighborhoods?
Use the tool below to compare Albany, GA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$860/month
$860/month
One Bedroom
$838/month
$838/month
Two Bedroom
$951/month
$951/month
Three Bedroom
$1,036/month
$1,036/month
Nearby City Rent Trends
Apartment communities in Albany we think you'll love
Property Management Companies in Albany, GA
Elon Property Management
-
110
Communities
-
13,865
Units
-
68
Cities
2 Communities in Albany
Valor Residential Group
-
38
Communities
-
5,651
Units
-
21
Cities
2 Communities in Albany
Evans Realty
-
31
Communities
-
5,234
Units
-
17
Cities
2 Communities in Albany
Sunbelt Properties
-
14
Communities
-
1,619
Units
-
10
Cities
2 Communities in Albany
RAM Partners
-
283
Communities
-
73,564
Units
-
161
Cities
1 Community in Albany
Broad Management
-
35
Communities
-
5,769
Units
-
31
Cities
1 Community in Albany
Meridian Management Group
-
35
Communities
-
5,248
Units
-
28
Cities
1 Community in Albany
Columbia Ventures
-
14
Communities
-
2,581
Units
-
8
Cities
1 Community in Albany
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† 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.
* Percentages may not total 100 due to rounding.