The Most and Least Expensive Areas to Rent in Center Square, Albany, NY

Center Square renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.

 

Center Square, Albany, NY of rent costs by neighborhood
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Rental Price Key

High-end
Mid-tier
Most affordable

On average, the cost of rent in Center Square is about $1,142 per month. This puts it in the 35th percentile compared to the city average cost of rent, which is $1,187. Households in Center Square have a median income of $4,262 per month so the average renter in Center Square is spending roughly 27% of their earnings on housing.

Nationally, and in Center Square, home values are the data point most closely correlated with the cost of rent. The median price of a home in Center Square is $216,428 right now, which is higher than nearby neighborhoods, meaning that rents in Center Square also tend to be higher versus these nearby neighborhoods.

Higher rent prices are common in the northeastern parts of Center Square while lower rent rates are often available in northern areas.

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