1 Day Ago
Location
508 Madison Avenue, Albany, New York 12208, United States|Park South
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Property Overview
508 On the Park is highlighted for its environmental sustainability, offering proximity to 28 parks and excellent public transit options, making it ideal for walking. The property features newer appliances and is advantageous for those seeking a vibrant social life, with 235 mixed-use spaces, 68 cultural venues, and 292 restaurants all within a mile.
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- Elementary school nearby
- Dishwasher
Great for
Eco living
Social life
Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | $1,800 /mo | 1 unit available | Welcome to your new home in Albany, NY! Inside this stunning 2 bedroom apartment, you'll find beautiful hardwood floors that add a touch of elegance to the space. The large rooms provide plenty of space for all your furniture and belongings. Located in the heart of Albany, you'll have easy access to the vibrant Washington Park and the bustling Lark Street, where you can explore a variety of shops, restaurants, and entertainment options. For those working or studying in the area, Albany Medical Center and Albany Law School are just a short distance away. Additionally, the Empire State Plaza is within reach, offering a range of cultural and recreational activities. When the sun goes down, you'll be delighted by the vibrant night life that Albany has to offer. Whether you're looking for a cozy dinner spot or a lively bar, you'll find it all just steps away from your doorstep. Contact us today to schedule a tour and make this apartment your new home! This property is locally owned and professionally managed. |
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Amenities for 508 On the Park
Apartment Amenities
| Heat and Hot Water |
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 heat and hot water. 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
- Elementary school nearby
- There is an elementary school 0.4 mile away
- Dishwasher
- Dishwasher available in kitchen
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Park South
2-bedroom apartments at 508 On the Park cost about 16% more than the average rent price for 2-bedroom apartments in Park South.
Median rents as of Dec 13 2025.
Park South
Albany
| Month | Median Rent |
|---|---|
| December 2023 | $1,298 |
| January 2024 | $1,294 |
| February 2024 | $1,247 |
| March 2024 | $1,281 |
| 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 | $1,139 |
| Month | Median Rent |
|---|---|
| March 2024 | $1,391 |
| 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 Avenue?
Bedrooms
2 bedroomsRent-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
$72,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $72,000 annually to afford this 2-bedrooms monthly rent price of $1,800.
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 Avenue
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 Avenue, 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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