Average Rent in Albany, GA↑ Rents rising 8.3% YoY

Albany, GA has rental prices ranging from $926/month to $1,756/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $952/month — 32% below the national average of $1,400/month. With a median household income of $54,219/year, spending $952/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Albany Compares

With an average 2-bedroom rent of $1,080/month, Albany ranks #23 most expensive of the 114 cities tracked in Georgia — pricier than 73% of all US cities in our data.

The Albany Rental Market

The Albany, GA area has a population of about 146,768 and 44% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Albany, GA have risen by $83/month (8.3%) over the past year, from $997 to $1,080. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Albany, GA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $38,080. The local median household income of $54,219 exceeds that threshold by $16,139, making Albany relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Albany, GA is $132,944, giving a price-to-rent ratio of 10.3. The break-even point between renting and buying is roughly 10 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Is Albany, GA Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Albany?

Break-even analysis and mortgage estimates based on local market data.

Living in Albany

Cost of living, job market, crime rates, and moving cost estimates.