Rents are 4% above what Albany's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,023 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Albany, GA is majority renter-occupied, has a median income below the national average, 21.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Albany, GA has changed in 5 years
Rent in Albany, GA has climbed 48.7% since 2021, going from about $688 per month to roughly $1,023 today. Household income in the area moved from $40,036 to $47,240 across the same window, up 18.0% versus 2021. Rent outpaced income growth by roughly 30.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 70,748 to 67,224 between 2021 and 2024, a 5.0% change. About 62.3% of households rent today, against 59.4% in 2021. Reading these numbers side by side helps frame whether current listings in Albany, GA look reasonable against where the market sat half a decade ago.
Discussions about Albany
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Can you afford rent in Albany on your salary?
At $1,023/mo, how Albany rent compares to typical pay (30% rule).
Albany rent by bedroom count
Median rent for each apartment size in Albany. Click any size for full breakdown.
Tips for renters in Albany
Last updated: August 17, 2026
The median rent in Albany is $1,023/mo as of August 2026. A studio apartment averages $958/mo while a 2-bedroom runs $1,120/mo. One-bedroom apartments average $988/mo and 3-bedroom units go for $1,513/mo.
At 26% of local median household income ($47,240/yr), Albany ranks as affordable compared to the national benchmark of 30%. Rents have increased 15.3% over the past year.
Frequently asked questions
Is Albany an affordable city for renters?
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Is rent going up or down in Albany?
Which Albany neighborhoods have the lowest rent?
How does Albany rent compare to other cities in Georgia?
Which nearby cities are cheaper to rent in than Albany?
What percentage of Albany residents rent vs. own?
How does Albany rent compare to the national average?
At $1,023/mo, rent takes ~26% of Albany's median household income ($47,240/yr). The standard benchmark is 30%.
How does this area stack up?
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Estimated from ZIP-level data
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