Cheap Apartments for Rent in the Park South Neighborhood of Albany, NY from $600 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Park South area of Albany.

property at 578 Madison Ave

$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

578 Madison Ave

AlbanyNY12208

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 566 Park Ave

$1,095 - $1,395

1 To 4 Bedroom Rentals

Available Now

566 Park Ave

AlbanyNY12208

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Park South, Albany, NY Local Guide

Cheapest Available Park South Apartments for Rent

 

The cheapest available apartment rental in the Park South area of Albany, NY is a 1 Bed unit found at 357-363 Morris St priced from $1,175. Willett Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,480. Here are the most affordable Park South apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
357-363 Morris StOne Bed One Bath1BR,1BA$1,175
Willett Apartments1 Bedroom 1 Bathroom with Dining Room1BR,1BA$1,480
The Reserve at Park South II0BR/1.0BAStudio,1BA$1,525
The Gallery on HollandLark1BR,1BA$1,925
25 Besch AveHouse6BR,3BA$3,700

Best Value Apartments for Rent in Park South, NY

As of January 19, 2026 the best value apartment in the Park South area is the $1.32 price per square foot House Model at 25 Besch Ave in the in the Whitehall neighborhood starting from $3,700. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
25 Besch AveHouse6BR,3.5BA$1.32
556 Park Ave, Unit 2556 Park Ave4BR,1BA$1.60
520 Madison Ave, Unit 1520 Madison Ave3BR,1BA$1.58
520 Madison Ave, Unit 1A520 Madison Ave3BR,1BA$1.62
Willett ApartmentsLarge 1 Bedroom 1 Bathroom with Dining Room1BR,1BA$2.32
The Gallery on HollandLark1BR,1BA$2.66
357-363 Morris StOne Bed One Bath1BR,1BA$1.81
The Reserve at Park South II0BR/1.0BAStudio ,1BA$2.46

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Park South, Albany, NY

Ranked #30

Among cities in New York for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $1,175 at 357-363 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 $1,400 at 357-363 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 Willett Apartments and starts from $1,975.

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

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A Local Expert’s Guide To the Top Budget-Friendly Neighborhoods to Rent in Albany, NY

Written by: Patrick Ryan

Albany, the capital of New York state, is a renter’s haven.  With ample housing supply, little traffic and a stable economy, Albany is trending upward. I'm Patrick, your ApartmentHomeLiving.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.