Albany multifamily market, October 2026

Landlords have the edge in Albany, and it is heating: asking rents are up 4.9% on a year, while jobs grew 0.5%.

Updated October 31, 2026 · from Zillow, BLS and the US Census Bureau

+4.9%

Asking rent, year over year

Zillow · September 2026

+0.5%

Jobs, year over year

BLS · September 2026, preliminary

2.1%YEARLY

Vacancy

Census · 2024 count

What is moving now

Asking rents are up 4.9% on a year to September 2026, which is the figure the condition is read from. Jobs are up 0.5% over the same year to September 2026, a first release the BLS revises the following month. Asking rents are climbing (September 2026).

The backdrop

These are yearly Census counts, not this month's: 2.1% of rentals sat empty in 2024, permits for new apartments were down 35% in 2025, more people moved in than out in 2025, and the typical rent was $1,341 a month in 2024. They are the background the monthly figures move against, and they are the newest the Census has published.

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Common questions about Albany

Answered from the data, updated October 31, 2026

Is the Albany rental market tight or soft right now?

In Albany right now, landlords have the edge, and it is heating.

Which way is the Albany market heading?

Albany is heating right now, as asking rents firm over the past year (Zillow ZORI, monthly).

Is Albany a landlord's or a renter's market?

Albany is a landlord's market right now: landlords have the edge, and it is heating.

What is the vacancy rate in Albany?

Vacancy in Albany is 2.1% in the 2024 count, a yearly snapshot rather than a monthly reading (US Census Bureau).

How much have Albany rents changed?

Asking rents in Albany are up 4.9% over the past year (Zillow ZORI, monthly, latest Sep 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

Senior housing now in negotiations for former Saint Rose campusNEWS10 ABC

Jankow Cos. picked to build housing on former Saint Rose campusTimes Union

Developer proposes 160 apartments for ages 55+ at former St. Rose siteWNYT.com

Albany County to negotiate senior affordable housing on former St. Rose campusWRGB

Veteran-Owned Redwood Siteworks Nears Completion of Sitework at Albany Affordable Housing Developmentmykxlg.com

Veteran-Owned Redwood Siteworks Nears Completion of Sitework at Albany Affordable Housing DevelopmentThe Killeen Daily Herald

See all Albany news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.
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