Low Income Apartments and Affordable Housing For Rent in Albany County, NY

Discover affordable housing in Albany County where there are 78+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Livingston School Apartments

315 Northern Blvd, Albany, New York 12210

Skyline Gardens Apartments

123 Livingston Ave., E7, Albany, New York 12207

Ogden Mill Apartments

1 Ogden Mills Plz, Cohoes, New York 12047

Mosaic Village

55 Sargent St, Cohoes, New York 12407

Clinton Avenue Apartments

269 Clinton Ave, Albany, New York 12207

Erie Point

2 North Mohawk Street, Cohoes, New York 12047

Brandle Woods

6 Van Evera Dr, Altamont, New York 12009

Robinson Square Apartments

325 Hamilton St, Albany, New York 12210

Brandywine Apartments

800 Brandywine Pkwy, Guilderland, New York 12084

Cohoes Falls Apartments

80 State St, Albany, New York 12207

Cayuga Plaza Apartments

100 Cayuga Plz, Cohoes, New York 12047

Thurlow Terrace

2 Thurlow Ter, Albany, New York 12203

South End Phase II

30 Morton Ave, Albany, New York 12202

Ezra Prentice Homes

625 S Pearl St, Albany, New York 12204

North Albany Homes

10 Tubman Cir, Albany, New York 12204

Westview Apartments

680 Central Ave, Albany, New York 12206

Swan Street

50 N Swan St, Albany, New York 12210

Mansion Initiative

109 Grand St, Albany, New York 12202

Central Towers Apartments

400 Central Ave, Albany, New York 12206

Knox Street Apartments

137 Knox St, Albany, New York 12208

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Albany County, New York
$11.02 (+73%) more than New York minimum wage and $18.77 (+259%) more than the Federal minimum wage.
Learn More About Albany County, New York Affordable Housing ↓

How many renters live in Albany County, New York?

The County of Albany County has 315,811 people living in 133,811 households.

There are 113,862 renters living in 60,553 renter households in this County. Renters make up 36.05 percent of the population living in Albany County.

What is the rental market like in Albany County, New York?

There are an estimated 147,634 housing units in the Albany County area. Of these, 62,822 units are rental homes, making up 43 percent of the housing market. For every renter household in Albany County, New York, there are 1 rental units.

What is the vacancy rate for rentals in Albany County?

The rental vacancy rate in Albany County is 2 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Albany County for each bedroom size?

Occupied Rental Units by Size in Albany County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
2,464 20,722 22,058 12,795 1,781
Occupied Rental Units by Size in Albany County

A large number of apartments in Albany County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Albany County are overburdened by housing costs?

Among renter households in this market, 50 percent have housing cost burden. Further, 31 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Albany County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,011 to $1,830. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,011
One BR $1,131
Two BR $1,374
Three BR $1,661
Four BR $1,830
2024 Fair Market Rents in Albany County, New York

How many units are rented at Fair Market Rent (FMR) in Albany County?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 833 34 percent
One BR 12,087 58 percent
Two BR 12,478 57 percent
Rental Units Below FMR in Albany County, New York

How many affordable rental units are in Albany County?

There are a variety of federal affordable housing programs serving households in Albany County, New York including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 2,991
Public Housing 1,701
Section 8 Project-Based Rental Assistance 1,966
Section 202 Supportive Housing for the Elderly 165
Section 811 Supportive Housing for Persons with Disabilities 29
USDA Section 515 Rural Rental Housing 120
Tracked Units by Federal Program in Albany County, New York

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Albany County, New York

Albany County features 4,206 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Albany County, New York

There are 2,188 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Albany County.

Housing Choice Vouchers in Albany County, New York

On average, Section 8 Housing Choice vouchers pay Albany County landlords $600 per month towards rent. The average voucher holder contributes $400 towards rent in Albany County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Albany County, New York for a two-bedroom apartment is between $1,237 and $1,511.

Sourced from federal housing data and AffordableHousingOnline.com research.