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ZIP Code · NY

ZIP 12203

Part of Albany, NY
Pop. 30,771·Albany County·258th most expensive ZIP in New York
Median rent (all units)
$1,714/mo
Year-over-Year
+3.4%
Month-over-Month
-1.0%
vs US Median
-$251
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 12203 · $1,714
More affordable than 57% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,360
1 BR
$1,580
2 BR
$1,900
3 BR
$2,280
4 BR+
$2,520
Research median
$1,900/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
$20,568/yr
At $1,714/mo median
Location
CityAlbany
StateNY
CountyAlbany County
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 (+3.4% YoY, -1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 12203 (Albany, NY) is roughly split between renters and owners, skews toward younger working-age adults, 56.9% of residents hold a bachelor's degree or higher.

Population
30,771
Median income
$83,147
Median age
34.5
Renters
50.5%
Age distribution
13.1%
37.5%
19.4%
12.7%
17.4%
Under 1813.1%
18–3437.5%
35–5419.4%
55–6412.7%
65+17.4%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
67.6%
White67.6%
Black11.5%
Hispanic8.4%
Asian8.3%
Other4.3%
Education (25+)
16.8%
22.5%
56.9%
No HS diploma3.8%
HS diploma16.8%
Some college22.5%
Bachelor's+56.9%
Housing tenure
49.5%
50.5%
Owner49.5%
Renter50.5%

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

2021 vs 2026

How ZIP 12203 in Albany, NY has changed in 5 years

Income
$71,001 → $83,147
up 17.1%
Population
30,470 → 30,771
up 1.0%
Renter share
49.9% → 50.5%
+0.6 pts
Bachelor's+
54.1% → 56.9%
+2.8 pts
Median age
35.4 → 34.5
-0.9 yrs

Median household income rose from $71,001 to $83,147 between 2021 and 2024, a 17.1% shift. The population has grown by 1.0% since 2021, moving from about 30,470 residents to roughly 30,771. College-educated residents now make up 56.9% of adults here, versus 54.1% in 2021.

Community

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Local insights

Tips for renters in ZIP 12203

About renting in ZIP 12203

Last updated: July 20, 2026

ZIP code 12203 covers Albany, NY. The median rent here is $1,714/mo as of July 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,900/mo.

At 25% of local median household income ($83,147/yr), ZIP 12203 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 12203?

As of July 20, 2026, the median monthly rent in ZIP 12203 (Albany, NY) is $1,714. This is based on aggregated data from public sources and community submissions.

How does ZIP 12203 rent compare to the US average?

ZIP 12203's median rent of $1,714/mo is $251 (13%) below the US national median of $1,965/mo.

How does ZIP 12203 compare to other ZIPs in New York?

ZIP 12203 is among the more affordable ZIP codes in New York, ranking #258 out of 344 ZIPs at $1,714/mo.

How much income do you need to rent in ZIP 12203?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,714/mo in ZIP 12203. The local median household income is $83,147/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 12203?

Rent in ZIP 12203 has increased 3.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 12203 an affordable place to rent?

ZIP 12203 is considered affordable for renters. At $1,714/mo, rent takes approximately 25% of the local median household income ($83,147/yr). The standard benchmark is 30%. ZIP 12203 falls comfortably within that range.

What percentage of ZIP 12203 residents rent vs. own?

According to Census data, approximately 50.5% of ZIP 12203 households are renters, while 49.5% are owner-occupied. With a majority renter population, ZIP 12203 has a strong rental market.

How does ZIP 12203 compare to the rest of Albany?

ZIP 12203 is pricier than Albany as a whole. At $1,714/mo, it's $103 above the Albany citywide median of $1,611/mo.

When was rent data for ZIP 12203 last updated?

Rent data for ZIP 12203 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,714/mo, rent takes ~25% of ZIP 12203's median household income ($83,147/yr). The standard benchmark is 30%.

ZIP 12203 25%Benchmark 30%
State income tax4–10.9%
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Schools nearby

Public schools near ZIP 12203 (Albany, NY)

Recent submissions

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