
Cheap Apartments for Rent in the Park South Neighborhood of Albany, NY from $700 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park South area of Albany.


320 Quail St

559 Myrtle Ave

559 Myrtle Ave

Willett Apartments

Total Monthly Price
560 Park Ave, Unit 560-1
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

357 Morris St

568 Park Ave

373 Morris St

449 State St

Knox Street Apartments

105 Morris Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

594 Madison Ave
Park South, Albany, NY Local Guide

How much does it cost to rent an apartment in Park South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park South Studio Apartments | $1,571 | $1,165 | $2,015 |
| Park South 1 Bedroom Apartments | $1,702 | $1,155 | $2,250 |
| Park South 2 Bedroom Apartments | $2,259 | $1,395 | $3,500 |
| Park South 3 Bedroom Apartments | $1,926 | $1,725 | $2,080 |
| Park South 4 Bedroom Apartments | $2,160 | $2,160 | $2,160 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Park South Neighborhood of Albany, NY.
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Park South, Albany, NY Local Guide
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Cheapest Available Park South Apartments for Rent
 The cheapest available apartment rental in the Park South area of Albany, NY is a Studio unit found at 449 State St priced from $895. 357 Morris St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Park South apartments for rent in Albany, NY:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 449 State St | 0 Beds, 1 Baths | Studio,1BA | $895 |
| 357 Morris St | One Bed One Bath | 1BR,1BA | $1,250 |
| The Reserve at Park South II | 0BR/1.0BA | Studio,1BA | $1,700 |
| 370-372 Morris St | 2nd Floor | 3BR,1BA | $1,725 |
| Willett Apartments | 2 Bedroom 1 Bathroom with Den | 2BR,1BA | $1,735 |
Best Value Apartments for Rent in Park South, NY
As of July 27, 2026 the best value apartment in the Park South area is the $0.17 price per square foot 2nd Floor Model at 370-372 Morris St in the in the Whitehall neighborhood starting from $1,725. The second greatest value Park South apartment is the 556 Park Ave Model at 556 Park Ave, Unit 2 starting at $2,160 with a $1.60 price per square foot in the Whitehall neighborhood. Here is today’s list of the best values for Park South apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 370-372 Morris St | 2nd Floor | 3BR,1BA | $0.17 |
| 556 Park Ave, Unit 2 | 556 Park Ave | 4BR,1BA | $1.60 |
| The Reserve at Park South | 1BR/1.0BA | 1BR,1BA | $1.71 |
| Willett Apartments | 3 Bedroom 1 Bathroom | 3BR,1BA | $2.14 |
| 560 Park Ave, Unit 560-1 | 560 Park Ave | 1BR,1BA | $1.47 |
| 357 Morris St | One Bed One Bath | 1BR,1BA | $1.92 |
| The Reserve at Park South II | 0BR/1.0BA | Studio ,1BA | $2.69 |
| 449 State St | 0 Beds, 1 Baths | Studio ,1BA | $2.24 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Pet Friendly LifestylePark South, Albany, NY
Ranked #20
Among cities in New York for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Park South Apartments
How much is rent for a Cheap One Bedroom Park South Apartment?
The lowest price for a Cheap One Bedroom Park South Apartment is $1,250 at 357 Morris St.
What is the lowest price for a Cheap Two Bedroom Park South Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Park South is starting from $1,425 at 357 Morris St.
What is the most affordable Park South Three Bedroom Apartment?
The best deal on a cheap Park South Three Bedroom Apartment rental is at 370-372 Morris St and starts from $1,725.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

The Best Neighborhoods for Renters While Attending College in Albany
Written by: Patrick Ryan
Albany, the Capital city of New York state, is revered for its unique architecture and storied history.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.