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Affordable apartments in Albany, New York

41 income-restricted buildings tracked here, drawn from HUD's LIHTC, Section 8, Section 202, and Section 811 datasets. Map, eligibility tiers, and Fair Market Rent below.

31 lihtc6 section 84 section 202

Buildings

Estimated metro housing cost (2BR Fair Market Rent + average utilities): $1,130 rent + $159 utilities = $1,289/mo. Applies to the metro area, not individual buildings.

Showing 12 of 41. Open any pin on the map below for the rest.

Map

Each pin is one income-restricted building. Color-coded by program. Click a pin for details.

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Energy costs in New York

Residential electricity in New York runs about 26.97¢/kWh, with a typical monthly residential electric bill near $159. Natural gas runs about $21.39/Mcf. Add this to rent when you compare buildings; it can shift total monthly housing cost by 10–20%.

Source: U.S. Energy Information Administration, retail-sales (electricity) and natural gas residential pricing series, 12-month rolling average.

Check your affordability tier

Enter your annual household income, household size, and zip code. We’ll show which HUD AMI tier you qualify for and what Fair Market Rent looks like in your area.

Estimated market rent for Albany, NY

Estimated
BedroomsEstimated rentNational median
Studio$961n/a
1 bedroom$1,074n/a
2 bedroom$1,130$1,502
3 bedroom$1,469n/a
4 bedroom$1,695n/a

These figures are estimated from local U.S. Census median rent, not HUD Fair Market Rent.

HUD income limits : Albany County, NY

Albany-Schenectady-Troy, NY. FY2025. Area median income: $116,100.

Household size30% AMI50% AMI80% AMI
1 person$24,400$40,650$65,050
2 people$27,900$46,450$74,350
3 people$31,400$52,250$83,650
4 people$34,850$58,050$92,900
5 people$37,650$62,700$100,350
6 people$43,150$67,350$107,800
7 people$48,650$72,000$115,200
8 people$54,150$76,650$122,650

HUD calculates income limits per household size relative to the area’s median family income. Properties may serve renters in any combination of these tiers; eligibility is determined per program.

Affordable rentals in nearby New York cities

See all affordable-rental cities in New York

About this listing. Buildings shown serve income-restricted households across HUD program tiers. We do not show vacancy or pricing for individual units. Always contact the property directly for current availability; many income-restricted buildings maintain waitlists measured in months or years.

See also: Albany cost-of-living and Fair Market Rent overview