Cheap Apartments for Rent in the Park South Neighborhood of Albany, NY from $600 (5 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 578 Madison Ave

578 Madison Ave

AlbanyNY12208

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 $1,215. Willett Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. 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$1,215
Willett Apartments1 Bedroom 1 Bathroom1BR,1BA$1,295
The Gallery on HollandLark1BR,1BA$1,925

Best Value Apartments for Rent in Park South, NY

As of October 08, 2025 the best value apartment in the Park South area is the $1.60 price per square foot 556 Park Ave Model at 556 Park Ave, Unit 2 in the in the Whitehall neighborhood starting from $2,160. The second greatest value Park South apartment is the Lark Model at The Gallery on Holland starting at $1,925 with a $2.66 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.
556 Park Ave, Unit 2556 Park Ave4BR,1BA$1.60
The Gallery on HollandLark1BR,1BA$2.66
357-363 Morris StOne Bed One Bath1BR,1BA$1.87
Willett Apartments1 Bedroom 1 Bathroom1BR,1BA$3.50

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Park South, Albany, NY

Ranked #6

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Park South Neighborhood in Albany, NY

Walk Score®

88 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

61 / 100

Bikeable

Some bike infrastructure

Transit Score®

63 / 100

Good Transit

Many nearby public transportation options

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 $1,215 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.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.