Cheap Homes for Rent in the Park South Neighborhood of Albany, NY from $300 (5 Rentals)

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

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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 Studio unit found at 449 State St priced from $895. 357 Morris St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable Park South apartments for rent in Albany, NY:

Apartment ListingModel NameBed/BathPriced From
449 State St0 Beds, 1 BathsStudio,1BA$895
357 Morris StOne Bed One Bath1BR,1BA$1,250
The Reserve at Park South II0BR/1.0BAStudio,1BA$1,700

Best Value Apartments for Rent in Park South, NY

As of July 27, 2026 the best value apartment in the Park South area is the $0.17 price per square foot 2nd Floor Model at 370-372 Morris St in the in the Whitehall neighborhood starting from $1,725. 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.
370-372 Morris St2nd Floor3BR,1BA$0.17
556 Park Ave, Unit 2556 Park Ave4BR,1BA$1.60
The Reserve at Park South1BR/1.0BA1BR,1BA$1.71
Willett Apartments3 Bedroom 1 Bathroom3BR,1BA$2.14
560 Park Ave, Unit 560-1560 Park Ave1BR,1BA$1.47
357 Morris StOne Bed One Bath1BR,1BA$1.92
The Reserve at Park South II0BR/1.0BAStudio ,1BA$2.69
449 State St0 Beds, 1 BathsStudio ,1BA$2.24

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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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 #20

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 101 Apartments for Rent in Park South, NY with pricing that ranges from $700 to $3,500. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park South ranging from $250 to $1,400.

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 $250 to $1,400 with an average monthly rent of $1,015.

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

decorative image for The Best Neighborhoods for Renters While Attending College in Albany article

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.