Cheap Apartments for Rent in the Park South Neighborhood of Albany, NY from $700 (13 Rentals)

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

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560 Park Ave, Unit 560-1
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
1 Bedroom Apartment Available Now

560 Park Ave, Unit 560-1

560 Park AveAlbany, NY 12208
Affordability

Rent According to Income: A Look at Income-Restricted Rentals

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449 State St
Studio to 2 Bedroom Apartments

449 State St

449 State StAlbany, NY 12203

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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 2 Beds unit found at 357 Morris St priced from $1,425. Willett Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,540. Here are the most affordable Park South apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
357 Morris StTwo Bed One Bath2BR,1BA$1,425
Willett ApartmentsLarge 2 Bedroom 1 Bathroom2BR,1BA$1,540
The Reserve at Park South II0BR/1.0BAStudio,1BA$1,700

Best Value Apartments for Rent in Park South, NY

As of September 11, 2026 the best value apartment in the Park South area is the $1.00 price per square foot 326 Quail St Model at 326 Quail St, Unit 326 Quail 1st Floor in the in the Whitehall neighborhood starting from $1,400. 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.
326 Quail St, Unit 326 Quail 1st Floor326 Quail St3BR,1BA$1.00
556 Park Ave, Unit 2556 Park Ave4BR,1BA$1.60
584 Madison Ave, Unit 3584 Madison Ave3BR,2BA$1.80
Willett Apartments3 Bedroom 1 Bathroom3BR,1BA$2.14
357 Morris StTwo Bed One Bath2BR,1BA$1.58
560 Park Ave, Unit 560-1560 Park Ave1BR,1BA$1.47
666 Madison Ave, Unit 666 Madison Avenue666 Madison Ave1BR,1BA$1.44
The Reserve at Park South II0BR/1.0BAStudio ,1BA$2.69

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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 Lifestyle
Park South, Albany, NY

Ranked #29

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

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 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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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.

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.