
Cheap Apartments for Rent in the Park South Neighborhood of Albany, NY from $600 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park South area of Albany.


68 Morris St

Willett Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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 | $1,390 | $900 | $1,930 |
Park South 1 Bedroom Apartments | $1,729 | $700 | $2,400 |
Park South 2 Bedroom Apartments | $2,062 | $1,200 | $3,585 |
Park South 3 Bedroom Apartments | $1,674 | $1,215 | $2,600 |
Park South 4 Bedroom Apartments | $2,270 | $2,160 | $2,380 |
Browse Apartments in this Neighborhood
There are currently 7 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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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 361 State St priced from $900. 1395 Hudson has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here are the most affordable Park South apartments for rent in Albany, NY:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
361 State St | Studio | Studio,1BA | $900 |
1395 Hudson | Studio A | Studio,1BA | $1,175 |
Willett Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,420 |
Best Value Apartments for Rent in Park South, NY
As of April 30, 2025 the best value apartment in the Park South area is the $1.56 price per square foot 1BD 1.5BA Model at Albany Lofts at One Broadway in the in the Arbor Hill neighborhood starting from $1,965. The second greatest value Park South apartment is the Two Bed Two Bath Model at Steuben Place Apartments starting at $1,995 with a $1.82 price per square foot in the Arbor Hill 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. |
---|---|---|---|
Albany Lofts at One Broadway | 1BD 1.5BA | 1BR,1.5BA | $1.56 |
Steuben Place Apartments | Two Bed Two Bath | 2BR,2BA | $1.82 |
The Kenmore | 306 | 1BR,1BA | $1.82 |
Willett Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.78 |
Industrie Apartments | Apartment Type A2 | Studio ,1BA | $2.72 |
361 State St | Studio | Studio ,1BA | $2.25 |
1395 Hudson | Studio F | Studio ,1BA | $3.87 |
Quick Rent Budget Calculator
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Pet Friendly LifestylePark South, Albany, NY
Ranked #9
Among neighborhoods in Albany, NY for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet 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
What is the Cheapest Studio apartment in Park South?
Currently the most affordable Cheap Studio Apartment in Park South is at 361 State St listed at $900.
How much is rent for a Cheap One Bedroom Park South Apartment?
The lowest price for a Cheap One Bedroom Park South Apartment is $1,050 at 361 State 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 $1,200 at 361 State 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.

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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.