Albany, Oregon Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Albany, Oregon rental market.
Albany, Oregon
Average Apartment Rent
$1,569
Y-o-Y Change in Average
Apartment Rent
1%
As of May 2026
Compared to a year ago, Albany, Oregon apartments have recorded a 1% rent increase.
Albany, Oregon Average apartment rent trend
Albany, Oregon Average Apartment Rent
Albany, Oregon Apartment rent ranges
At 51.19%, apartments priced $1,500 - $2,000 represent the bulk of Albany, Oregon rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 6.62%.
Albany, Oregon Housing tenure**
Renters take up 40% of Albany, Oregon real estate, occupying a total of 8,554 units, while homeowners live in 12,930 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$46,246
Average household size of renter-occupied housing units**
2.36
Rental vacancy rate**
3.3%
Albany, Oregon Renter-occupied housing units by no. of bedrooms**
There are 4,160 rentals in Albany, Oregon with 2 beds making up the highest share of the market, at 49%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 216 units. Overall, the median number of rooms in Albany, Oregon homes for rent is 4.1.
Albany, Oregon Renter-occupied units by age of householder**
Most condos for rent in Albany, Oregon are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Albany, Oregon Renter-occupied housing units by family type**
Albany, Oregon Renter-occupied housing units by the presence of own children**
A total of 4,388 apartments for rent in Albany, Oregon, or 51% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 2,588 units. All in all, the median size of a renter-occupied household in Albany, Oregon is 2.36.
Albany, Oregon Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Albany, Oregon.
Albany, Oregon Renter-occupied units by year structure built**
The highest share of Albany, Oregon apartment rentals, namely 28% or 2,366 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (17%, 1,472 units), and the ones Built 2000 - 2009 (14%, 1,225 units).
Albany, Oregon Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Albany, Oregon renters (46%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Albany, Oregon condos for rent is 2017.
Albany, Oregon Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Albany, Oregon renters have 1 vehicle available per household, 38% of them have 2 vehicles available, and 10% have No vehicle available.
Albany, Oregon Means of transportation to work of householders living in renter-occupied housing units**
Albany, Oregon Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Albany, Oregon apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
