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Rent Tracker
The average asking rent in Albany, NY is $1,643/month as of 2026-03. That is +4.1% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) · zillow.com/research
Current Avg Rent
$1,643/mo
as of 2026-03
Year-over-Year Change
+4.1%
Monthly ZORI index values for Albany, NY.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-03 | $1,643 | +0.49% |
| 2026-02 | $1,635 | +0.37% |
| 2026-01 | $1,629 | +0.31% |
| 2025-12 | $1,624 | +0.25% |
| 2025-11 | $1,620 | -0.31% |
| 2025-10 | $1,625 | -0.06% |
| 2025-09 | $1,626 | -0.31% |
| 2025-08 | $1,631 | +0.62% |
| 2025-07 | $1,621 | +0.56% |
| 2025-06 | $1,612 | +0.62% |
| 2025-05 | $1,602 | +0.38% |
| 2025-04 | $1,596 | +1.08% |
| 2025-03 | $1,579 | +1.02% |
| 2025-02 | $1,563 | +0.45% |
| 2025-01 | $1,556 | -0.06% |
| 2024-12 | $1,557 | +0.13% |
| 2024-11 | $1,555 | +0.26% |
| 2024-10 | $1,551 | -0.32% |
| 2024-09 | $1,556 | -0.06% |
| 2024-08 | $1,557 | +0.00% |
| 2024-07 | $1,557 | +0.84% |
| 2024-06 | $1,544 | +0.39% |
| 2024-05 | $1,538 | +0.72% |
| 2024-04 | $1,527 | — |
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.
Data: Zillow Research ZORI · Updated monthly · Price Inflation Report