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

Discover affordable housing in Albany where there are 52+ 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.

Image of Livingston School Apartments

Livingston School Apartments

315 Northern Blvd, Albany, New York 12210

bed Studio-2
payment $620-940/mo.
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
Image of Skyline Gardens Apartments

Skyline Gardens Apartments

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

bed 1-3
payment $886-1353/mo.
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
Image of Pastures Mansions

Pastures Mansions

68 Westerlo St, Albany, New York 12202

bed 1-4
switch_access_shortcut Short Wait
payment Income Based
Image of Clinton Avenue Apartments

Clinton Avenue Apartments

269 Clinton Ave, Albany, New York 12207

bed Studio-4
Image of Robinson Square Apartments

Robinson Square Apartments

325 Hamilton St, Albany, New York 12210

switch_access_shortcut Short Wait
payment Income Based
Image of Cohoes Falls Apartments

Cohoes Falls Apartments

80 State St, Albany, New York 12207

switch_access_shortcut Short Wait
payment Income Based
Image of Thurlow Terrace

Thurlow Terrace

2 Thurlow Ter, Albany, New York 12203

payment Income Based
Image of South End Phase II

South End Phase II

30 Morton Ave, Albany, New York 12202

bed 1-2
Image of Ezra Prentice Homes

Ezra Prentice Homes

625 S Pearl St, Albany, New York 12204

bed 1-4
Image of North Albany Homes

North Albany Homes

10 Tubman Cir, Albany, New York 12204

bed 1-4
Image of Westview Apartments

Westview Apartments

680 Central Ave, Albany, New York 12206

bed Studio-1
Image of Ida Yarbrough Homes

Ida Yarbrough Homes

260 N Pearl St, Albany, New York 12207

bed Studio-1
Image of Swan Street

Swan Street

50 N Swan St, Albany, New York 12210

Image of Eagle Court Apartments

Eagle Court Apartments

102 Morton Ave, Albany, New York 12202

Image of Knox Street Apartments

Knox Street Apartments

137 Knox St, Albany, New York 12208

Image of Central Towers Apartments

Central Towers Apartments

400 Central Ave, Albany, New York 12206

Image of Mansion Initiative

Mansion Initiative

109 Grand St, Albany, New York 12202

Image of Ohav Sholom Apartments

Ohav Sholom Apartments

115 New Krumkill Rd, Albany, New York 12208

bed 1
payment $920/mo.
Image of Station 25

Station 25

25 Delaware Ave , Albany, New York 12210

bed 1-2
payment $534-1357/mo.
Image of Townsend Park Homes

Townsend Park Homes

45 Central Ave, Albany, New York 12206

auto_awesome Focus Results:
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
elderly Senior
payment Income Based
accessibility Accessible
accessible_forward Disability

How To Identify Affordable Housing in Albany, New York

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
 Low income apartments with no or short waiting lists.
payment Subsidized
 Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
 Apartments that accept Section 8 vouchers near you
elderly Senior
 Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
 Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
 Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
 Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Albany, New York
$26.02/hour
$11.02 (+73%) more than New York minimum wage and $18.77 (+259%) more than the Federal minimum wage.
Learn More About Albany, New York Affordable Housing ↓

What HUD offices serve Albany, New York?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Albany Housing Authority
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Albany, New York.

Go to the New York Public Housing and Low-Income Apartments Waiting Lists page for openings near Albany.

How many renters live in Albany, New York?

The City of Albany has people living in households.

There are renters living in renter households in this City. Renters make up 53.54 percent of the population living in Albany.

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

There are an estimated housing units in the Albany area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Albany, New York, there are 1.03 rental units.

What is the vacancy rate for rentals in Albany?

The rental vacancy rate in Albany is 6 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 for each bedroom size?

Occupied Rental Units by Size in Albany
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
863 10,489 8,253 7,896 1,152
Occupied Rental Units by Size in Albany

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

How Much Is Rent in Albany

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, New York

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

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 619 72 percent
One BR 7,922 76 percent
Two BR 5,925 72 percent
Rental Units Below FMR in Albany, New York

How many affordable rental units are in Albany?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Albany, New York

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

Income Based Apartments in Albany, New York

Albany features 3,175 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, New York

There are 1,667 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Albany.

Housing Choice Vouchers in Albany, New York

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.