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Albany NY Apartment Market Read

Covers Albany, Schenectady and Troy.
Current market read
Landlord’s market
ConditionTight
RentersLandlords
The yearly data reads a landlord's market, and the monthly figures, asking rents and jobs are heating up further.
From public data. The situation now, not a forecast.
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Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Heating
Asking rents are climbing (September 2026).
Job growthBLS · SEPTEMBER 2026, PRELIMINARY
+0.5%
▲ Hiring, past 12 months
Job growth · 12 months
Oct 2025 to Sep 2026, with Pro
VacancyCENSUS · 2024
2.1%2024 COUNT
Share of rentals sitting empty. A yearly count, last taken 2024, not what sets the condition.
Asking rentZILLOW · MONTHLY
$1,633 a month
September 2026, ▲ up 4.9% on September 2025
Data Provided by Zillow Group
Asking rent · 24 months
Oct 2024 to Sep 2026, with Pro
Census 2024: +3.7% · US avg +4.6%
Median rentCENSUS · 2024
$1,341/mo
Typical rent. A yearly count, last taken 2024
Median rent · 8 yearly counts
2017 to 2025, no 2020, with Pro
Demand vs supplyCENSUS + BLS
Moderate demand
DEMAND
SUPPLY
DEMAND
Jobs+0.5%
Migration 2025+2.6/1k
SUPPLY
Permits 2025-35%
Vacancy 20242.1%
Rent vs buyWEEKLY RATE · 2024 RENT
+$1,251/mo
Cheaper to rent than buying
rent $1,341 · own $2,592
$1,341
RENT
$2,592
OWN
Domestic migrationCENSUS · 2025
+2.6/1k
▲ More people moved in from elsewhere in the US than left. A yearly count, last taken 2025.
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.