How much does it cost to rent in Albany, OR?

As of July 2026, the median monthly rent in Albany, OR is $1,774. This figure is based on aggregated data from public sources and community-submitted rents.

Is Albany cheaper than other Oregon cities?

Albany falls in the middle range for Oregon, ranking #30 out of 65 cities at $1,774/mo.

When was Albany rent data last updated?

Albany rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · OR

Albany

Name: Average Rent Prices in Albany, OR
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 56,839·30th most expensive in Oregon·Rental market data updated monthly for Albany, OR

Median rent (all units)

$1,774/mo

Year-over-Year

+4.4%

Month-over-Month

+2.2%

vs US Median

-$191

Rising (Monthly)

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Most AffordableMost Expensive

Albany · $1,774

More affordable than 56% of US cities · National median $1,965/mo

Rent Reality Score

55/100

Fairly priced

OverheatedFairGreat value

Rents are 3% below what Albany's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,774/mo

Expected by trend

$1,820/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

$1,045

1 BR

$1,185

2 BR

$1,450

3 BR

$1,985

4 BR+

$2,280

Research median

$1,450/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$21,288/yr

At $1,774/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.4% YoY, +2.2% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Albany, OR is majority owner-occupied, 29.4% of residents hold a bachelor's degree or higher.

Population

56,839

Median income

$78,114

Median age

37.7

Renters

41.1%

Age distribution

24.5%

21.8%

25.9%

16.8%

Under 1824.5%

18–3421.8%

35–5425.9%

55–6411%

65+16.8%

Gender

50.1%

49.9%

Male50.1%

Female49.9%

Race & ethnicity

79.5%

16.5%

White79.5%

Black0.8%

Hispanic16.5%

Asian2%

Other1.2%

Education (25+)

22.8%

40.7%

29.4%

No HS diploma7%

HS diploma22.8%

Some college40.7%

Bachelor's+29.4%

Housing tenure

58.9%

41.1%

Owner58.9%

Renter41.1%

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

2022 vs 2026

How Albany, OR has changed in 5 years

Rent

$1,551 → $1,774

up 14.4%

Income

$65,587 → $78,114

up 19.1%

Population

55,776 → 56,839

up 1.9%

Renter share

39% → 41.1%

+2.1 pts

Bachelor's+

27.3% → 29.4%

+2.1 pts

Median age

35.9 → 37.7

+1.8 yrs

Five years ago, renters in Albany, OR paid around $1,551 a month. That figure now sits near $1,774, up 14.4% from the 2022 baseline. Household income in the area moved from $65,587 to $78,114 across the same window, up 19.1% versus 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Albany, OR adding about 1,063 residents over the five-year window, up 1.9% on net. The renter share has risen from 39% to 41.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 27.3% to 29.4% across the same window. Reading these numbers side by side helps frame whether current listings in Albany, OR 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 $1,774/mo, how Albany rent compares to typical pay (30% rule).

Registered Nurse

Avg $98,259/yr · Rent = 21.7% income

affordable

Elementary School Teacher

Avg $69,763/yr · Rent = 30.5% income

stretched

Police Officer

Avg $80,361/yr · Rent = 26.5% income

affordable

Software Developer

Avg $143,634/yr · Rent = 14.8% income

very comfortable

Lawyer

Avg $183,529/yr · Rent = 11.6% income

very comfortable

Firefighter

Avg $65,322/yr · Rent = 32.6% income

stretched

Truck Driver

Avg $58,978/yr · Rent = 36.1% income

stretched

Electrician

Avg $72,696/yr · Rent = 29.3% income

affordable

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, OR

Last updated: July 20, 2026

The median rent in Albany is $1,774/mo as of July 2026. A studio apartment averages $1,045/mo while a 2-bedroom runs $1,450/mo. One-bedroom apartments average $1,185/mo and 3-bedroom units go for $1,985/mo.

At 27% of local median household income ($78,114/yr), Albany ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.

FAQ

Frequently asked questions

Is Albany an affordable city for renters?

Albany is considered affordable for renters. At $1,774/mo, rent takes approximately 27% of the local median household income ($78,114/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 $71,000/year (~$34/hour full-time) to afford the median rent of $1,774/mo in Albany. The local median household income is $78,114/yr, meaning the typical Albany household meets that threshold.

Is rent going up or down in Albany?

Rent in Albany has increased 4.4% 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 97322 ($1,739/mo), and 97321 ($1,741/mo). Citywide, the median rent in Albany is $1,774/mo.

How does Albany rent compare to other cities in Oregon?

Albany is middle-of-the-pack for Oregon for rent, ranking #30 out of 65 tracked cities at $1,774/mo.

Which nearby cities are cheaper to rent in than Albany?

Several nearby cities have lower median rents than Albany ($1,774/mo): Monmouth ($1,502/mo), Salem ($1,585/mo), Lebanon ($1,595/mo).

What percentage of Albany residents rent vs. own?

According to Census data, approximately 41.1% of Albany households are renters, while 58.9% are owner-occupied. Albany leans toward homeownership, which can mean a smaller rental inventory.