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City Report · GA

Albany

Pop. 67,224·135th most expensive in Georgia·Albany rents are up 5.5% over the past year
Median rent (all units)
$937/mo
Year-over-Year
+5.5%
Month-over-Month
-2.5%
vs US Median
-$1,028
Falling (Monthly)
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Most AffordableMost Expensive
Albany · $937
More affordable than 99% of US cities · National median $1,965/mo
Rent Reality Score
58/100
Fairly priced
OverheatedFairGreat value

Rents are 4% below what Albany's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$937/mo
Expected by trend
$975/mo
The Rent Reality Score compares today's median rent to where Albany's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$721
1 BR
$743
2 BR
$842
3 BR
$1,138
4 BR+
$1,369
Research median
$842/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$11,244/yr
At $937/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+5.5% YoY, -2.5% MoM), not inventory.
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Demographics

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.

Population
67,224
Median income
$47,240
Median age
34.9
Renters
62.3%
Age distribution
24.8%
25.4%
22.1%
16.3%
Under 1824.8%
18–3425.4%
35–5422.1%
55–6411.4%
65+16.3%
Gender
45.6%
54.4%
Male45.6%
Female54.4%
Race & ethnicity
17.8%
76.8%
White17.8%
Black76.8%
Hispanic2.7%
Asian0.6%
Other2.1%
Education (25+)
14.8%
32.4%
31.5%
21.4%
No HS diploma14.8%
HS diploma32.4%
Some college31.5%
Bachelor's+21.4%
Housing tenure
37.7%
62.3%
Owner37.7%
Renter62.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Albany, GA has changed in 5 years

Rent
$688 → $937
up 36.2%
Income
$40,036 → $47,240
up 18.0%
Population
70,748 → 67,224
down 5.0%
Renter share
59.4% → 62.3%
+2.9 pts
Bachelor's+
21.1% → 21.4%
+0.3 pts

Rent in Albany, GA has climbed 36.2% since 2021, going from about $688 per month to roughly $937 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 18.2 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.

Community

Discussions about Albany

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View Albany rent history (2015–2026) →
Salary vs rent

Can you afford rent in Albany on your salary?

At $937/mo, how Albany rent compares to typical pay (30% rule).

By apartment size

Albany rent by bedroom count

Median rent for each apartment size in Albany. Click any size for full breakdown.

Local insights

Tips for renters in Albany

About renting in Albany, GA

Last updated: July 20, 2026

The median rent in Albany is $937/mo as of July 2026. A studio apartment averages $721/mo while a 2-bedroom runs $842/mo. One-bedroom apartments average $743/mo and 3-bedroom units go for $1,138/mo.

At 24% of local median household income ($47,240/yr), Albany ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.5% over the past year.

FAQ

Frequently asked questions

Is Albany an affordable city for renters?

Albany is considered very affordable for renters. At $937/mo, rent takes approximately 24% of the local median household income ($47,240/yr). The standard benchmark is 30%. Albany falls comfortably within that range.

How much income do you need to rent in Albany?

To keep rent at or below 30% of gross income, you would need to earn at least $37,000/year (~$18/hour full-time) to afford the median rent of $937/mo in Albany. The local median household income is $47,240/yr, meaning the typical Albany household meets that threshold.

Is rent going up or down in Albany?

Rent in Albany has increased 5.5% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Albany neighborhoods have the lowest rent?

The most affordable ZIP codes in Albany are 31701 ($682/mo), 31705 ($894/mo), and 31707 ($993/mo). Citywide, the median rent in Albany is $937/mo.

How does Albany rent compare to other cities in Georgia?

Albany is one of the more affordable cities in Georgia for rent, ranking #135 out of 135 tracked cities at $937/mo.

What percentage of Albany residents rent vs. own?

According to Census data, approximately 62.3% of Albany households are renters, while 37.7% are owner-occupied. With a majority renter population, Albany has a strong rental market.

How does Albany rent compare to the national average?

Albany's median rent of $937/mo is $1,028 (52%) below the US national median of $1,965/mo. Within Georgia, it ranks #135 out of 135 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $937/mo, rent takes ~24% of Albany's median household income ($47,240/yr). The standard benchmark is 30%.

Albany 24%Benchmark 30%
State income tax4.99%
Run the Albany affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Albany, GA

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