5+ Days Ago
Highlights
- Professionally managed
- Newer appliances
- Beautifully maintained 2 bedroom unit
Location
508 Madison Ave, Albany, NY 12208, USA|Park South
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Property Overview
508 On the Park is rated highly across multiple metrics, with an overall Zumper Expert Rating of 8.9 and excellent scores in price, amenities, location, and quality. Residents will appreciate the professionally managed, beautifully maintained two-bedroom unit equipped with newer appliances, while enjoying close proximity to schools, restaurants, parks, and public transit. The property’s transparency and trustworthiness enhance its appeal, making it an attractive choice for those seeking a vibrant community.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Middle school nearby- More space
- Dishwasher
Great for
Social life
Eco living
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 1,000 sqft | $1,395 /mo | 1 unit available | This 1 bedroom/ 2 story apartment is right across the street from Washington Park, just steps to Lark Street, Albany Med, Empire Plaza and many shops and restaurants. **Heat and hot water included in rent** Plenty of space at an affordable price, close to plenty of bars and restaurants Coin Operated washer and dryer in the building Working intercom to buzz in guests Newer appliances Don't miss out on this opportunity!!! | |
| 2BR/1.0BA | 2 bed | 1 bath | 1,000 sqft | $1,750 /mo | 1 unit available | Beautifully maintained 2 bedroom 1 bathroom unit Personal outdoor space perfect for relaxing Coin Operated washer and dryer in building Plenty of living space Steps away from Washington Park and Lark St plenty of bars/restaurants, and shopping. Very close to Albany Medical Center and Albany Law School. Professionally and locally managed Call or Text for your private tour. |
Let's explore this property.
Amenities for 508 On the Park
Apartment Amenities
| Heat and Hot Water |
Appliances
| Dishwasher | Range |
| Refrigerator | Stove |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 5 |
|---|
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About 508 On the Park
Beautifully restore brownstone across the street from Washington Park. Around the block from Lark Street, Albany Medical Center, Albany Law School and many other amenities and entertainment.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.9
/10
Very GoodWith a solid 8.9 out of 10 overall, 508 On the Park is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 508 On the Park has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
508 On the Park stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
508 On the Park goes above and beyond to provide sought-after conveniences and desirable perks, including dishwasher. Renters looking for popular or luxurious features will find them here—and for that reason, 508 On the Park receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
508 On the Park is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
508 On the Park has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
508 On the Park is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 508 On the Park compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.4 mile away
- More space
- The 1-bedroom is 712 sqft larger than other listings nearby
- More space
- The 2-bedroom is 125 sqft larger than other listings nearby
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
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Rent trends in Park South
1-bedroom apartments here are priced 7% lower than 1-bedrooms in Park South.
If you decide to upgrade your space, you can expect 2-bedrooms at 508 On the Park to be 19% more than the average for similarly sized apartments in Park South.
Median rents as of Mar 14 2026.
Park South
Albany
| Month | Median Rent |
|---|---|
| March 2024 | $1,273 |
| April 2024 | $1,255 |
| May 2024 | $1,192 |
| June 2024 | $1,149 |
| July 2024 | $1,168 |
| August 2024 | $1,055 |
| September 2024 | $1,109 |
| October 2024 | $1,282 |
| November 2024 | $1,247 |
| December 2024 | $1,212 |
| January 2025 | $1,371 |
| February 2025 | $1,490 |
| March 2025 | $1,257 |
| April 2025 | $1,176 |
| May 2025 | $1,117 |
| June 2025 | $1,137 |
| July 2025 | $1,178 |
| August 2025 | $1,245 |
| September 2025 | $1,222 |
| October 2025 | $1,183 |
| November 2025 | $1,226 |
| December 2025 | $1,170 |
| January 2026 | $1,201 |
| February 2026 | $1,203 |
| March 2026 | $1,199 |
| Month | Median Rent |
|---|---|
| April 2024 | $975 |
| May 2024 | $1,333 |
| June 2024 | $1,117 |
| July 2024 | $1,047 |
| August 2024 | $950 |
| September 2024 | $959 |
| October 2024 | $993 |
| November 2024 | $985 |
| December 2024 | $950 |
| June 2025 | $1,600 |
| July 2025 | $1,600 |
| August 2025 | $1,557 |
| September 2025 | $1,515 |
| October 2025 | $1,525 |
| November 2025 | $1,525 |
Affordability calculator
Can I afford to live at 508 Madison Ave?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$55,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $55,800 annually to afford this 1-bedroom monthly rent price of $1,395.
For more information on rent affordability, visit our rent calculator.
Schools near 508 On the Park
Sheridan Preparatory Academy
400 sheridan ave
albany, NY, 12206
PK, K-5Public
C
Delaware Community School
43 bertha st
albany, NY, 12209
PK, K-5Public
C
Philip J. Schuyler Achievement Academy
676 clinton ave
albany, NY, 12206
PK, K-5Public
C
New Scotland Elementary School
385 new scotland ave
albany, NY, 12208
PK, K-5Public
B
Giffen Memorial Elementary School
274 s pearl st
albany, NY, 12202
PK, K-5Public
C
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Internet available near 508 On the Park
Getting around Albany near 508 Madison Ave
Walking
8/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
8/10
Popular public transit options are just a short walk from this location.
Points of interest for 508 Madison Ave, Albany
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
4/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
9/10
Large amount of park space nearby
Nightlife
5/10
Some bars within walking distance
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