Rents in Albany Up 0.1% Since Start of Pandemic
Thursday, July 9th, 2020
Albany rents more affordable than many large cities nationwide.
As rents have increased moderately in Albany, other large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Albany is still more affordable than most large cities across the country.
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Albany's median two-bedroom rent of $793 is below the national average of $1,192. Nationwide, rents have held steady over the past year.
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While Albany's rents rose moderately over the past year, the city of Phoenix also saw an increase of 1.9%.
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Renters will find more reasonable prices in Albany than most large cities. For example, San Francisco has a median 2BR rent of $3,035, which is more than three-and-a-half times the price in Albany.
For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.