Rent Tracker
Rent Inflation in Albany, NY
The average asking rent in Albany, NY is $1,679/month as of 2026-06. That is +4.6% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,679/mo
as of 2026-06
Year-over-Year Change
+4.6%
24-Month Rent Trend
Monthly ZORI index values for Albany, NY.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-06 | $1,679 | +0.72% |
| 2026-05 | $1,667 | +0.97% |
| 2026-04 | $1,651 | +0.79% |
| 2026-03 | $1,638 | +0.68% |
| 2026-02 | $1,627 | +0.25% |
| 2026-01 | $1,623 | +0.37% |
| 2025-12 | $1,617 | +0.19% |
| 2025-11 | $1,614 | -0.19% |
| 2025-10 | $1,617 | -0.06% |
| 2025-09 | $1,618 | -0.12% |
| 2025-08 | $1,620 | +0.43% |
| 2025-07 | $1,613 | +0.50% |
| 2025-06 | $1,605 | +0.56% |
| 2025-05 | $1,596 | +0.38% |
| 2025-04 | $1,590 | +1.08% |
| 2025-03 | $1,573 | +0.96% |
| 2025-02 | $1,558 | +0.58% |
| 2025-01 | $1,549 | +0.00% |
| 2024-12 | $1,549 | +0.26% |
| 2024-11 | $1,545 | +0.19% |
| 2024-10 | $1,542 | -0.39% |
| 2024-09 | $1,548 | -0.13% |
| 2024-08 | $1,550 | -0.19% |
| 2024-07 | $1,553 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Compare All Cities
Open Full Rent Tracker →Other Cities
Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices