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Updated 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 a professionally managed, beautifully maintained 2-bedroom property with newer appliances and a strong overall expert rating of 8.8/10, reflecting high marks for price, amenities, location, and quality. With excellent walkability, nearby public transit, 275 restaurants, 224 mixed-use spaces, and 25 parks within a mile, it supports both an active social life and environmentally conscious living. Renters also benefit from detailed listing information, plentiful photos, strong value per square foot, and proximity to well-rated schools.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • More space
  • Middle school nearby
  • Elementary school nearby

Great for

  • Eco living
  • Social life

Floor plans

1BR/1.0BA1 bed1 bath1,000 sqftThis 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/1.0BA2 bed1 bath1,000 sqftBeautifully 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.

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Eagle Rock Apartments & Townhomes at Rensselaer

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1–2 Beds

$1,820–$2,185

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Ohav Sholom Apartments

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Campus Area • 115 Krumkill Rd

1 Bed

$1,340–$1,754

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Park South • 560 Madison Ave

2 Beds

$3,500

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Normanskill • 1 Colatosti Pl

2 Beds

$1,500–$1,600

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Melrose • 12 Brevator Street

1 Bed

$1,148

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570 Western Ave

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1 Bed

$1,131

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$1,297

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Rent trends in Park South

Median rents as of Jul 25 2026.
Park South
Albany
A table of studio rental data trends in Albany
MonthMedian Rent
August 2024$1,050
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$1,209
April 2026$1,237
May 2026$1,250
June 2026$1,254
July 2026$1,278
A table of studio rental data trends in Park South
MonthMedian Rent
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

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

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

6/10
This area is accessible to thoroughfares and has ample parking options.

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

9/10
Exceptional variety of groceries within a few minutes' walk

Shopping

6/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

8/10
Wide variety of cafés within a few minutes’ walk

Restaurants

9/10
Wide variety of restaurants within a few minutes’ walk

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

8/10
Very large amount of park space within a few minutes' walk

Nightlife

9/10
Wide variety of bars within a few minutes' walk

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