Rent Tracker
Rent Inflation in Albany, NY
The average asking rent in Albany, NY is $1,672/month as of 2026-04. That is +3.8% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,672/mo
as of 2026-04
Year-over-Year Change
+3.8%
24-Month Rent Trend
Monthly ZORI index values for Albany, NY.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-04 | $1,672 | +0.72% |
| 2026-03 | $1,660 | +0.61% |
| 2026-02 | $1,650 | +0.24% |
| 2026-01 | $1,646 | +0.37% |
| 2025-12 | $1,640 | +0.24% |
| 2025-11 | $1,636 | -0.24% |
| 2025-10 | $1,640 | -0.06% |
| 2025-09 | $1,641 | -0.24% |
| 2025-08 | $1,645 | +0.61% |
| 2025-07 | $1,635 | +0.55% |
| 2025-06 | $1,626 | +0.56% |
| 2025-05 | $1,617 | +0.37% |
| 2025-04 | $1,611 | +1.07% |
| 2025-03 | $1,594 | +1.01% |
| 2025-02 | $1,578 | +0.51% |
| 2025-01 | $1,570 | -0.06% |
| 2024-12 | $1,571 | +0.19% |
| 2024-11 | $1,568 | +0.26% |
| 2024-10 | $1,564 | -0.38% |
| 2024-09 | $1,570 | +0.00% |
| 2024-08 | $1,570 | -0.06% |
| 2024-07 | $1,571 | +0.83% |
| 2024-06 | $1,558 | +0.45% |
| 2024-05 | $1,551 | — |
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.
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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