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Affordable & Income-Based Housing in Albany

Albany, NY has 47 affordable and income-based rental properties with 4,818 total units across the city. With a median market rent of $1,216 per month (Census ACS 5-Year) and 62 percent of residents renting, income-based housing plays a meaningful role here. Of the 15 properties with inspection scores on file, 10 rated excellent and 5 rated good, with none rated fair or poor.

47
Properties
4,818
Total units
90/100
Avg HUD score

At a glance

🏠 Affordability
$1,216/mo

Affordability

Albany is a majority-renter city, with 62% of households renting, a median household income of $61,986, and a median gross rent of $1,216 per month, according to Census ACS 5-Year data (2024). The 2,191 income-restricted units across 15 HUD-assisted properties in the city provide an important resource for renters seeking below-market housing options.

Census ACS 5-Year
🛡️ Safety
919 / 100k · 2024

Safety

According to FBI Crime Data Explorer, the Albany Police Department reported a violent crime rate of 919 per 100,000 residents in 2024. Keep in mind that crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

FBI Crime Data Explorer
🚶 Getting around
Walk Score 85 · Very Walkable

Getting Around Albany

According to Walk Score, the area around Albany's assisted properties scores 85 (Very Walkable) for walkability, 55 (Good Transit) for public transit, and 69 for bikeability.

Walk Score
🎓 Schools
36 schools · 13 districts

Schools

According to NCES Common Core of Data, 36 public schools across 13 districts serve Albany, including 23 elementary, 5 middle, 5 high schools, and 3 other schools. Ratings vary by school and district, so renters should check the assigned schools for their specific address.

NCES Common Core of Data
📊 Cost of living
$61,986 median income

Cost of Living

The median household income in Albany is $61,986 per year, according to Census ACS 5-Year estimates. The median asking rent across all rentals in the city is $1,216 per month, per the same source.

Albany has 15 HUD-assisted or income-restricted properties offering 2,191 total units, giving renters who qualify a meaningful alternative to market-rate housing.

Census ACS 5-Year
🌊 Environment & risk

Flood & Environmental Exposure

All 15 HUD-assisted properties in Albany were mapped against federal flood zone data. None are located in a high-risk flood zone, which is a reassuring finding for renters concerned about flood exposure.

FEMA · EPA AirNow
HUD Inspection Scoresavg 90/100(15 of 47 scored)
90+ (10)70–89 (5)No score (32)

47 properties on the map

Top-rated properties

Browse all 47 affordable apartments in Albany→

Other cities in NY

› Affordable housing in Amherst› Binghamton income-based apartments› Income-restricted rentals in Bronx› Brooklyn affordable apartments› HUD & Section 8 housing in Buffalo› Affordable housing in Hamburg› Mount Vernon income-based apartments› Income-restricted rentals in New Rochelle› New York affordable apartments› HUD & Section 8 housing in Niagara Falls› Affordable housing in Port Jefferson Station› Poughkeepsie income-based apartments

Your rights & resources

› How HUD & Section 8 housing works› Tenant rights in NY› Housing assistance & waitlists› Free legal aid (LawHelp)› Energy bill help (LIHEAP)

Read more

Albany Affordable Housing: What Renters Should Know

Albany is a majority-renter city, with 62 percent of households renting according to Census ACS 5-Year data. That demand makes understanding your affordable housing options here especially worthwhile.

Assisted Housing in Albany

Lease Lantern tracks 15 HUD-assisted or income-restricted properties in Albany, covering 2,191 units across the city.

Property Conditions

All 15 tracked properties have been scored, and the results lean strongly positive: 10 rated Excellent and 5 rated Good, with none falling into Fair or Poor categories, according to HUD inspection data.

Flood Risk

None of the 15 mapped properties carry a high flood risk designation, which is a reassuring baseline for renters weighing long-term stability.

Rents and Income Context

The citywide median rent is $1,216 per month and the median household income is $61,986 annually, according to Census ACS 5-Year data. Income-restricted housing can offer meaningful savings relative to Albany's open market.

Getting Around Albany

Albany scores 85 (Very Walkable) and 55 (Good Transit) according to Walk Score, making it reasonably accessible for residents without a car.

Schools

The city is served by 13 school districts and 36 public schools, including 23 elementary, 5 middle, and 5 high schools, according to NCES Common Core of Data.

Eligibility & how to apply

New York income limits (2026)New York public housing authoritiesSection 8 waitlists in New York

Helpful guides

How Section 8 Vouchers WorkWhat Is Income-Based Housing?How to Apply for Affordable HousingSection 8 vs. LIHTCUnderstanding HUD Inspection ScoresHow Affordable Housing Waitlists Work
Research: what 22,600 HUD inspection scores reveal →