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

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

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.

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. The Reserve at Park South II has the second lowest priced unit, which is a Studio apartment currently listed from $1,525. 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
The Reserve at Park South II0BR/1.0BAStudio,1BA$1,525
Willett Apartments2 Bedroom 1 Bathroom with Den2BR,1BA$1,535

Best Value Apartments for Rent in Park South, NY

As of December 17, 2025 the best value apartment in the Park South area is the $1.11 price per square foot 372 Morris St Model at 372 Morris St, Unit 372 Morris in the in the Whitehall neighborhood starting from $1,695. 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.
372 Morris St, Unit 372 Morris372 Morris St3BR,1BA$1.11
556 Park Ave, Unit 2556 Park Ave4BR,1BA$1.60
253 Park Ave, Unit Park Ave.253 Park Ave3BR,1BA$1.38
520 Madison Ave, Unit 1520 Madison Ave3BR,1BA$1.53
Willett ApartmentsLarge 2 Bedroom 1 Bathroom2BR,1BA$2.05
The Reserve at Park South1BR/1.0BA1BR,1BA$1.87
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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Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
Park South, Albany, NY

Ranked #26

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 Park South

What type of rentals are currently available in Park South?

There are currently 106 Apartments for Rent in Park South, NY with pricing that ranges from $1,015 to $3,600. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park South ranging from $650 to $2,000.

What is the current price range for Rental Homes in Park South?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Park South ranges from $650 to $2,000 with an average monthly rent of $1,162.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!