The Palace was built in the second half of the fifteenth century by the Albani family. From this period, the current main facade, the portal, the first row of windows and the courtyard flanked by the cabinet. In the eighteenth century, the Palace was restored and enriched with stucco and frescoes: the first, were painted by a young Luigi Vanvitelli, who was also in charge of arranging the hanging court, while the frescoes were executed by Alessio De Marchis. The Albani family died out in the mid-nineteenth century and, after a period of neglect, the building passed to Renzetti family, who healed it. Currently the building is owned by the University. Inside, notable the Chapel on the second floor, consists of a small rectangular room covered with a cross vault, with the marble altar in a small circular apse. Above the altar it is placed a wooden statue of St. Joseph and Christ.