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ZIP Code · NY

ZIP 12208

Part of Albany, NY
Pop. 23,289·Albany County·272nd most expensive ZIP in New York
Median rent (all units)
$1,587/mo
Year-over-Year
+0.8%
Month-over-Month
-1.4%
vs US Median
-$378
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 12208 · $1,587
More affordable than 67% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,230
1 BR
$1,430
2 BR
$1,720
3 BR
$2,060
4 BR+
$2,280
Research median
$1,720/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
$19,044/yr
At $1,587/mo median
Location
CityAlbany
StateNY
CountyAlbany County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 0.8% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.8% YoY, -1.4% MoM), not inventory.
Demographics

Who lives here

ZIP 12208 (Albany, NY) is roughly split between renters and owners, skews toward younger working-age adults, 54.7% of residents hold a bachelor's degree or higher.

Population
23,289
Median income
$70,413
Median age
33.1
Renters
54.9%
Age distribution
12.8%
39.4%
20.9%
17.5%
Under 1812.8%
18–3439.4%
35–5420.9%
55–649.4%
65+17.5%
Gender
46.2%
53.8%
Male46.2%
Female53.8%
Race & ethnicity
64.8%
12.8%
White64.8%
Black12.8%
Hispanic9.1%
Asian11.4%
Other1.9%
Education (25+)
14.8%
23.8%
54.7%
No HS diploma6.7%
HS diploma14.8%
Some college23.8%
Bachelor's+54.7%
Housing tenure
45.1%
54.9%
Owner45.1%
Renter54.9%

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

2021 vs 2026

How ZIP 12208 in Albany, NY has changed in 5 years

Rent
$1,302 → $1,587
up 21.9%
Income
$66,624 → $70,413
up 5.7%
Population
22,143 → 23,289
up 5.2%
Renter share
51.9% → 54.9%
+3.0 pts
Bachelor's+
56.6% → 54.7%
-1.9 pts

Rent in ZIP 12208 in Albany, NY has climbed 21.9% since 2021, going from about $1,302 per month to roughly $1,587 today. Median household income grew from $66,624 to $70,413 between 2021 and 2024, a 5.7% shift. Rent outpaced income growth by roughly 16.2 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 22,143 to 23,289 between 2021 and 2024, a 5.2% change. About 54.9% of households rent today, against 51.9% in 2021. Taken together, the five-year picture in ZIP 12208 in Albany, NY reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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Local insights

Tips for renters in ZIP 12208

About renting in ZIP 12208

Last updated: July 20, 2026

ZIP code 12208 covers Albany, NY. The median rent here is $1,587/mo as of July 2026. A 1-bedroom rents for a median of $1,430/mo. A 2-bedroom rents for a median of $1,720/mo.

At 27% of local median household income ($70,413/yr), ZIP 12208 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 12208?

As of July 20, 2026, the median monthly rent in ZIP 12208 (Albany, NY) is $1,587. This is based on aggregated data from public sources and community submissions.

How does ZIP 12208 rent compare to the US average?

ZIP 12208's median rent of $1,587/mo is $378 (19%) below the US national median of $1,965/mo.

How does ZIP 12208 compare to other ZIPs in New York?

ZIP 12208 is among the more affordable ZIP codes in New York, ranking #272 out of 344 ZIPs at $1,587/mo.

How much income do you need to rent in ZIP 12208?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,587/mo in ZIP 12208. The local median household income is $70,413/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 12208?

Rent in ZIP 12208 has increased 0.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 12208 an affordable place to rent?

ZIP 12208 is considered affordable for renters. At $1,587/mo, rent takes approximately 27% of the local median household income ($70,413/yr). The standard benchmark is 30%. ZIP 12208 falls comfortably within that range.

What percentage of ZIP 12208 residents rent vs. own?

According to Census data, approximately 54.9% of ZIP 12208 households are renters, while 45.1% are owner-occupied. With a majority renter population, ZIP 12208 has a strong rental market.

How does ZIP 12208 compare to the rest of Albany?

ZIP 12208 is more affordable than Albany overall. At $1,587/mo, it's $24 below the Albany citywide median of $1,611/mo.

When was rent data for ZIP 12208 last updated?

Rent data for ZIP 12208 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,587/mo, rent takes ~27% of ZIP 12208's median household income ($70,413/yr). The standard benchmark is 30%.

ZIP 12208 27%Benchmark 30%
State income tax4–10.9%
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Schools nearby

Public schools near ZIP 12208 (Albany, NY)

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