Albany, New York is the capital of the state and a great place to live and rent. It’s an affordable city with a wide variety of housing options and neighborhoods. The city is home to some of the best schools in the state, including the University at Albany, SUNY Polytechnic Institute, and Albany College of Pharmacy and Health Sciences.
The average price of a one-bedroom apartment in Albany is $877 per month. Prices vary depending on the neighborhood and amenities. The most popular neighborhoods for renters include Arbor Hill, the South End, Pine Hills, the Center Square, and the Warehouse District. These neighborhoods are known for their vibrant culture, great restaurants, and easy access to shopping, entertainment, and more.
When it comes to safety, Albany is generally considered to be a safe city. Crime rates have been steadily declining in recent years, and the overall crime rate is lower than the national average. Violent crime is relatively rare, though property crime does occur.
Albany has several top-rated schools, including Albany High School, Colonie Central High School, Albany School of Humanities, and Albany Academy.
The average rental prices of an apartment, townhouse, condo, loft, and single family home in Albany, NY are as follows:
Apartment: $1,295
Townhouse: $1,400
Condo: $1,250
Loft: $1,250
Single Family Home: $1,400
Rental prices in Albany, NY have increased over the last 5 years. According to Zillow data, the median rent in Albany, NY was $1,095 in 2015 and has risen to $1,395 in 2020, an increase of 28%.
The median rental prices for 1-bedroom, 2-bedroom, and 3-bedroom apartments in Albany, NY are $1,200, $1,346, and $1,499 respectively.
School districts in Albany, NY have generally comparable school performance to the rest of the United States. In general, Albany schools offer a similar range of educational opportunities to other school districts in the nation, including a wide range of courses and extracurricular activities. However, Albany also has a higher percentage of students eligible for free or reduced-price lunch than the national average. The district also has a slightly higher dropout rate than the national average.
1. Center Square/Hudson Park
2. Pine Hills
3. Delaware Ave/Kenwood
4. Washington Park/Park South
5. Downtown Albany
1. Buckingham Lake-Crestwood
2. Pine Hills
3. Upper Washington Avenue
4. Center Square
5. Delaware Avenue