Rentometer, Inc. | Data as of 10/23/2025
Albany’s vibrant metro rental market offers a diverse mix of apartments and single‑family homes that cater to students, professionals, and families alike. Studio apartments typically fall within the $1200s, while one‑bedroom units are commonly found in the $1300s range, reflecting the city’s balance of affordability and convenience. Larger apartments, such as two‑bedrooms, often rent in the $1500s, and spacious three‑bedroom units reach the $2000s, providing ample room for growing households or shared living arrangements.
For renters seeking the privacy of a house, Albany presents attractive options across several neighborhoods. Two‑bedroom homes generally command rents in the $1700s, appealing to couples or small families desiring a yard and garage. Three‑bedroom houses are usually priced in the $2200s, while larger four‑plus‑bedroom properties are found in the $2800s, ideal for extended families or those needing extra space for home offices. These home rentals are especially popular in established areas such as the Albany Historic District and the newer River Road community, which benefit from tree‑lined streets and easy access to schools and shopping.
Beyond the housing choices, Albany’s central location along the Willamette River provides easy commutes to Portland and Corvallis, while local amenities like Monteith Riverpark, the Albany Historic Carousel, and a thriving downtown scene enrich everyday life. Whether you’re drawn to the charm of historic neighborhoods or the convenience of modern developments, Albany’s rental market delivers flexible, well‑priced living options for a variety of lifestyles.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,269 | $1,247 | $1,050 - $1,525 | $1,095 - $1,410 |
| Apartment | 1 Bedroom | $1,366 | $1,362 | $1,050 - $1,890 | $1,255 - $1,445 |
| Apartment | 2 Bedroom | $1,587 | $1,572 | $1,245 - $2,200 | $1,395 - $1,725 |
| Apartment | 3 Bedroom | $2,032 | $1,895 | $1,650 - $2,945 | $1,800 - $2,235 |
| House | 2 Bedroom | $1,715 | $1,600 | $1,100 - $2,800 | $1,450 - $1,900 |
| House | 3 Bedroom | $2,417 | $2,300 | $1,200 - $19,950 | $2,100 - $2,495 |
| House | 4+ Bedroom | $2,789 | $2,800 | $2,000 - $3,495 | $2,595 - $2,995 |
In the current period, the average rent in Albany, OR was $1,290 for Studio, $1,377 for 1 Bedroom, $1,626 for 2 Bedroom, $2,361 for 3 Bedroom, and $2,801 for 4+ Bedroom.
Data provided by Rentometer, Inc.