Median rent for residential apartments in as of Mar, 2021.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
60 Albany, NY, USA apartments for rent
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Albany
Albany, NY has a population of 98,498, while the median age is 31. The household income in Albany, NY is around $43,790. The homeownership rate among the residents is 37%. The median residential property value in Albany, NY that you should keep in mind is $171,900.
| Population | 98,498 |
| Median Age | 30.9 |
| Poverty Rate | 25% |
| Household Income | $43,790 |
| Number Of Employees | 48,161 |
| Median Property Value | $171,900 |
Business & Economy
Wage by Common Jobs
Average salary in Albany, NY: $53,744
- 1. Miscellaneous managers$111,679
- 2. Registered nurses$75,796
- 3. Elementary & middle school teachers$69,787
- 4. Firstline supervisors of retail sales workers$56,890
- 5. Secretaries & administrative assistants$47,157
Highest Paid Occupations
Numbers claim that the highest paid jobs in Albany, NY are Legal Occupations, Architecture & Engineering Occupations, Management Occupations, Computer & Mathematical Occupations and Computer, Engineering, Science Occupations.
Highest Paid 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 highest paid industries are Utilities, Public Administration, Professional, Scientific, Technical Services, Real Estate & Rental & Leasing and Wholesale Trade.
Demographics
Race & Ethnicity
According to latest census, Albany, NY is a home for 55% white residents. The second common group is black with 29% residents. The list of the most common racial or ethnic groups is closed by asian with 7% residents.
Non-English Speakers
Education
Past year Albany, NY universities awarded around 343,800 degrees. Statistics show that the population of students in Albany, NY includes 171,900 female students and 171,900 male students. Albany, NY offers private and public tuition with a median cost of $30,546 for private four-year colleges and $21,550 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 37 and 63 go to the private colleges.
Universities
- 1. Excelsior College5,137 graduates
- 2. SUNY at Albany4,895 graduates
- 3. The College of Saint Rose1,772 graduates
Public vs Private
- Public62.6%
- Private37.4%
Health and Safety
Primary care physicians in Albany, NY see an average of 949 patients, dentists 1,119 patients, metal health providers 317 patients, and other healthcare providers 638 patients per year.
Transportation
Commute Time
Average travel time: 18.11 minutes
- USA
- Albany, NY
Commuter Transportation
Citizens of Albany, NY travel to their offices around 18 minutes lately and drove alone to get there. The rest of the residents used public transit and walked.
- USA
- Albany, NY
Housing Trends
Albany, NY, USA Housing Trends
Average rent in Albany: $1,337 (+15.2%)
| Rent Price | Mar | vs Last Month |
|---|---|---|
| 1 bed apartments | $1,337 | +27.7% |
| 2 bed apartments | $1,156 | N/A |
| 3 bed apartments | $1,418 | N/A |
| 4+ bed apartments | $1,045 | N/A |
Over the Mar 2021, the average rent for an apartment in/near Albany, NY increased by 15.2% to 1.337 $.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at 1.337 $ with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you 1.156 $. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for 1.418 $. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around 1.045 $ for a big-family home.
| Rent Type Price | Mar | vs Last Month |
|---|---|---|
| Loft rentals | $1,210 | N/A |
| Apartment rentals | $1,337 | +17.8% |
| House rentals | $1,337 | N/A |
Looking at the median rent price for an apartment in Albany, NY, you can note that it remains flat with a price tag of 1.337 $. The median rent for a house is still 1.337 $ with no significant changes this month. The median rent for a loft did not face significant changes this time, it now still goes for 1.210 $.
Rent vs Own
- Rent37%
- Own63%
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