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Newest Homes for Rent in Colonie, NY

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  • /18

    Starting at $1,208 Per Month

    • 1 - 2 Beds

    1948 Central Ave, Albany, NY 12205

    Grecian Terrace Apartments is a charming thirty-two unit community conveniently located in Colonie, NY. Please call for an appointment today.

    Grecian Terrace Apartments

    (518) 667-9853

    1948 Central Ave, Albany, NY 12205
  • /19

    $2,500 Per Month

    • 2 Beds
    • 1 Bath
    • 1,100 Sq Ft
    • House for Rent

    13 Richards Dr, Albany, NY 12205

    Fully updated two-bedroom, one-bath ranch home with attached one car garage conveniently located off Central Avenue, close to the Northway and Thruway and backs up to Cook Park.Mostly hard wood floors throughout, modern kitchen with newer appliances and bathroom, living room and large den with fireplace and walk out to swimming pool. Lots of natural light throughout. Central heat and air

    Jacqueline Conti Conti Appraisal & Consulting

    13 Richards Dr, Albany, NY 12205
  • /15

    $2,550 Per Month

    • 3 Beds
    • 1 Bath
    • 864 Sq Ft
    • House for Rent

    13 Hawley Ave, Albany, NY 12205

    Completely renovated and move-in ready! This beautifully updated 3-bedroom, 1-bath ranch in Colonie offers modern finishes, efficient one-level living, and a highly convenient location just minutes from Central Avenue shopping, dining, and major commuter routes. This home features a fully refreshed interior with updated flooring, fresh paint, modern fixtures, and an upgraded kitchen equipped with

    Linda Yetto Platform Realty Group LLC

    13 Hawley Ave, Albany, NY 12205
  • /24

    $2,200 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,200 Sq Ft
    • Apartment for Rent

    34 B Commodore St, Colonie, NY 12205

    Well kept and maintained side by side duplex in South Colonie schools for RENT. It features Living room with hard wood floor, updated kitchen with Eating in area and newer appliances and a half bath on the first floor. 3 good size bedrooms and full bath on the 2nd floor. All painted Dry full basement great for play area and storage. Off street parking. Gas heat and hot water. Private back yard.

    Sherif Mohamed Amana Real Estate Group

    34 B Commodore St, Colonie, NY 12205
  • /17

    $1,500 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Apartment for Rent

    2006 Central Ave Unit 105, Colonie, NY 12205

    750 square foot, 1st floor 2BR and 1 Bath apt with newer LVP flooring, heat and hot water included. Secure building with plenty of parking, garbage service and a community space for friends and family gatherings. Great location with ample parking and coin laundry

    Bill Hamel Hamel Real Estate LLC

    2006 Central Ave Unit 105, Colonie, NY 12205
  • /16

    $1,450

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,440 Sq Ft
    • Condo for Rent

    10 Woolard Ave Unit 2nd FL, Colonie, NY 12205

    This Apartment is a clean, updated and efficient apartment on the 2nd floor in a great location. The apartment is in an excellent community with outstanding schools and within walking distance from the well-known Cook Park. You are also within a few miles of the Nanotech complex and Crossgates mall and within walking distance to Colonie Center and excellent restaurants and major business. It's a

    10 Woolard Ave Unit 2nd FL, Colonie, NY 12205

Frequently Asked Questions

How much does it cost to rent a home in Colonie, NY?
The median rent for a home in Colonie, NY is $1,500 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Colonie, NY?
To comfortably afford the median rent in Colonie, NY, a household needs to earn roughly $60,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,500 per month in Colonie, NY, renters typically need to show $4,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Colonie, NY?
In Colonie, NY, the price-to-rent ratio is 28.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Colonie, NY are best for renting a home?
The best neighborhood for renting in Colonie, NY depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Campus Area, Buckingham Lake-Crestwood, Melrose, Pine Hills and New Scotland-Woodlawn, each with its own character and price range.

Rental Home Trends in Colonie, NY

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$1,500
Median Single Family Home Rent
$3,200
Median Townhouse Rent
$3,650
Median Condo Rent
$1,534
How to Rent a Home