Rent in Albany, NY
Across Albany's 35 ZIP codes, a 2-bedroom typically rents for about $1,711 a month, with figures from $1,164–$2,563. The highest typical rent is in 12222 ($2,563) and the lowest in 12207 ($1,164). 11 ZIPs have ZIP-level figures from HUD or Census; the other 24 use the county Fair Market Rent. Owner-occupied homes in Albany County pay about 1.77% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,238 | $870–$1,389 | 35 |
| 1 bed | $1,425 | $818–$2,185 | 35 |
| 2 beds | $1,711 | $1,164–$2,563 | 35 |
| 3 beds | $2,039 | $1,353–$2,039 | 35 |
| 4 beds | $2,249 | $1,298–$2,249 | 35 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Albany ZIP codes
2 beds- 12201$1,711
- 12202$1,216–$1,711
- 12203$1,523–$1,711
- 12204$1,451–$1,711
- 12205$1,384–$1,711
- 12206$1,236–$1,711
- 12207$1,164–$1,711
- 12208$1,494–$1,711
- 12209$1,225–$1,711
- 12210$1,195–$1,711
- 12211$1,596–$1,711
- 12212$1,711
- 12220$1,711
- 12222$1,711–$2,563
- 12223$1,711
- 12224$1,711
- 12226$1,711
- 12227$1,711
- 12232$1,711
- 12233$1,711
- 12234$1,711
- 12235$1,711
- 12236$1,711
- 12237$1,711
- 12239$1,711
- 12240$1,711
- 12245$1,711
- 12246$1,711
- 12247$1,711
- 12248$1,711
- 12249$1,711
- 12255$1,711
- 12257$1,711
- 12260$1,711
- 12288$1,711
Frequently asked questions
- What is the average rent for a 2-bedroom in Albany, NY?
- About $1,711 a month: the median of the typical rents in 35 ZIP codes, which range from $1,164–$2,563. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Albany, NY?
- About $1,425 a month: the median of the typical rents in 35 ZIP codes, which range from $818–$2,185. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Albany, NY?
- About $2,039 a month: the median of the typical rents in 35 ZIP codes, which range from $1,353–$2,039. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Albany, NY?
- About $1,238 a month: the median of the typical rents in 35 ZIP codes, which range from $870–$1,389. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Albany, NY?
- About $2,249 a month: the median of the typical rents in 35 ZIP codes, which range from $1,298–$2,249. Figures are gross rent (rent plus tenant-paid utilities).
- Which Albany ZIP code has the highest rent?
- For a 2-bedroom, 12222 has the highest typical rent at $2,563 a month, and 12207 the lowest at $1,164.
- What is the property tax rate in Albany, NY?
- Owner-occupied homes in Albany County pay a typical 1.77% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Albany rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).