
Cheap Apartments for Rent in the Park South Neighborhood of Albany, NY from $600 (4 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park South area of Albany.

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.
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 | $1,350 | $1,015 | $1,950 |
Park South 1 Bedroom Apartments | $1,609 | $1,125 | $2,200 |
Park South 2 Bedroom Apartments | $2,180 | $1,280 | $3,055 |
Park South 3 Bedroom Apartments | $1,688 | $1,215 | $2,070 |
Park South 4 Bedroom Apartments | $2,270 | $2,160 | $2,380 |
Browse Apartments in this Neighborhood
There are currently 4 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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Best Value Apartments for Rent in Park South, NY
As of June 20, 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 614 Myrtle Ave Model at 614 Myrtle Ave, Unit A starting at $2,380 with a $1.98 price per square foot in the Campus Area 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. |
---|---|---|---|
556 Park Ave, Unit 2 | 556 Park Ave | 4BR,1BA | $1.60 |
614 Myrtle Ave, Unit A | 614 Myrtle Ave | 4BR,1BA | $1.98 |
Willett Apartments | 1 Bedroom 1 Bathroom with Dining Room | 1BR,1BA | $1.78 |
584 Madison Ave, Unit 1 | 584 Madison Ave | 1BR,1BA | $1.50 |
19 Holland Ave, Unit 1 | 19 Holland Ave | 1BR,1BA | $1.86 |
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.
Pet Friendly LifestylePark South, Albany, NY
Ranked #14
Among neighborhoods in Albany, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,420 at Willett Apartments.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.