Median rent for residential apartments in as of Feb, 2020.
Be informed, make custom offers based only on median rent prices. But keep in mind, that price depends on size/amenities of the apartment.
99 Albany apartments for rent
Albany
Albany, NY has a population of 98,425, including 53% white, 29% black, and 10% latino.
| Population | 98,425 |
| Median Age | 31.2 |
| Poverty Rate | 23% |
| Median Income (Household) | $42,335 |
| Number Of Employees | 46,505 |
| Median Property Value | $172,700 |
City Overview
The median household income in Albany, NY is around $42,335, while the median age is 31.2. This city is a home to major universities: Excelsior College, Doctoral Universities, and Doctoral Universities: Highest Research Activity. 46,505 employees work in Albany, NY. The homeownership rate among the residents is 36.99%. The median property value that you should keep in mind is $172,700.
Business & Economy
Wage by Common Jobs
Average salary: $35,768
- 1. Elementary & middle school teachers$56,507
- 2. Retail salespersons$35,181
- 3. Secretaries & administrative assistants$35,135
- 4. Nursing, psychiatric, & home health aides$33,075
- 5. Cashiers$18,944
Employment by Occupations
Numbers claim that the employment rate in Albany, NY changed by 1%, so let’s see what are the most common job groups in this area. People of Albany, NY prefer to work in Administrative, Sales and Food & Serving.
Employment by Industries
Keeping in mind that the employment rate changed by 1% recently, there must be a strong understanding of industries people of Albany, NY work in. The most common industries are Healthcare & Social Assistance, Educational Services and Public Admin.. Please note that not all the residents of Albany, NY work in the area and may be employed outside of the city. Our data is tagged to their residential address, not the work address.
Demographics
Race & Ethnicity
According to latest census, Albany, NY is a home for 53% white residents. The second common group is black with 29% residents. The list of the most common racial or ethnic groups is closed by latino with 10% residents.
Non-English Speakers
Education
Past year Albany, NY universities awarded around 30,074 degrees. Statistics show that the population of students in Albany, NY include 5,664 male students and 7,124 female students. Albany, NY offers private and public tuition with a median cost of $29,656 for private four-year colleges and $0 for in-state public four-year colleges. The largest university of this city is the Excelsior College with the majority of graduates. The SUNY at Albany and The College of Saint Rose hold the second and the third place respectively. The share of the public colleges in Albany, NY is 48.6% and 51.4% go to the private colleges.
Universities
- 1. Excelsior College4,903 graduates
- 2. SUNY at Albany4,731 graduates
- 3. The College of Saint Rose1,551 graduates
Public vs Private
- Public51.4%
- Private48.6%
Health and Safety
The age groups that most likely have the health care coverage in Albany, NY are 18-24 years old for men and 18-24 years old for women. Albany, NY offers a 101 primary care clinician to 1 patient ratio. Data records state that dentists ratio is 85 to 1, speaking of mental health doctors ratio, it’s 302 to 1 resident.
Clinician to Patient Ratios
| Primary Care | 1 to 101 |
| Dentists | 1 to 85 |
| Mental Health | 1 to 302 |
| Other | 1 to 145 |
Transportation
Commute Time
Average travel time: 18.27 minutes
- USA
- Albany, NY
Commuter Transportation
The workers of Albany, NY traveled to their offices around 18.27 minutes lately and drove alone to get there. The rest of the residents used public transit and took a bus.
- USA
- Albany, NY
Housing Trends
Albany, NY, USA Housing Trends
Average rent in Albany: $1,401 (+0.6%)
| Rent Price | Feb | vs Last Month |
|---|---|---|
| 1 bed rentals | $1,187 | -1.8% |
| 2 bed rentals | $1,520 | +5.9% |
| 3 bed rentals | $1,556 | +4.6% |
| 4+ bed rentals | $1,363 | -19.2% |
| Rent Type Price | Feb | vs Last Month |
|---|---|---|
| Apartment rentals | $1,472 | +3.1% |
| Townhouse rentals | $1,237 | +0.7% |
| House rentals | $1,629 | -2.3% |
| Condo rentals | $1,083 | +0.8% |
| Duplex rentals | $1,325 | +0% |
| Room rentals | $625 | +0% |
Over the Apr 2020, the average rent for an apartment in/near Albany, NY increased by 0.6% to . Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 1.8% to . Pricing for 2-bed apartment also increased by 5.5% and a place of this size will now cost you . 3-bed apartment rent pricing starts at , it increased by 4.6% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 19.2% and made it down to .
The median rent for an apartment in Albany, NY increased by 3% to . Statistics show that house rent price decreased by 2.4% this month making it up to . Condos faced an upward trend these days. The median rent for a condo increased by 0.8%, it’s now available for . An average duplex is now available for , cause median rent for a duplex remains the same this month. If you’re looking for a room, the price tag still starts at . The median price did not change this time.
Rent vs Own
- Rent37%
- Own63%
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