Zumper
modified
14 Hours Ago

Highlights

  • Pet Friendly
  • Stainless steel appliances
  • Modern finishes
  • Large windows
  • Keyless entry system
  • Private courtyard

Location

540 Madison Avenue, Albany, New York 12208, United States|Park South
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Tour 540 Madison Ave

Contact

Management

Blue House Companies LLC

Leasing office

(518) 290-7611

Property Overview

540 Madison Ave offers a compelling living experience with an impressive Zumper expert rating of 9.1 out of 10, highlighting its exceptional amenities and quality. The property excels with a competitive price rating of 9 and a location rating of 9, providing excellent access to nearby points of interest. Notable features include modern finishes, stainless steel appliances, and a keyless entry system, alongside a supportive community atmosphere with nearby dining, cultural venues, and fitness options.

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.

Zumper Expert Rating

9.1
Excellent
540 Madison Ave is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Price, which help to make this rental a great place to call home.

Things you’ll love

  • Middle school nearby
  • More space

Great for

  • Social life
  • Work-from-home
  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath760 sqft$1,500–$1,550 /mo2 units availableBeautiful and Historic remodel 540 Madison Rear apartments offer 1 bedroom layouts with modern finishes, stainless steel appliances, large windows drenching the rooms in natural light and overlooking beautiful Washington Park. These apartments are walking distance to Albany Medical Center, Albany Law School, Shops/Restaurants on Lark Street and Downtown Albany. Every apartment has it's own washer/dryer, pre wired for high speed internet and cable which is conveniently offered through the building at a lower than market rate! The buildings are highly secured and offer a keyless entry system and video intercoms! All residents have access to our private and secure courtyard behind the building. Nonrefundable Administrative Fee: $750.00 (due upon signing of lease) Application Fee: $20 Pets OK! $30 each per approved pet, per month. nonrefundable pet fee of $250

Let's explore this property.

Amenities for 540 Madison Ave

Apartment Amenities

Air ConditioningGranite Countertops

Appliances

In-Unit LaundryMicrowave
RefrigeratorStainless Steel Appliances
StoveWasher and Dryer

Tech

Keyless Entry

Building

Cats OKDogs OK
Private Courtyard

Services

Snow RemovalWater, Sewer & Trash
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

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units7
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About 540 Madison Ave

HomeApartments in AlbanyPark South 540 Madison Ave

Beautiful and Historic remodel 540 Madison Rear apartments offer 1 bedroom layouts with modern finishes, stainless steel appliances, large windows drenching the rooms in natural light and overlooking beautiful Washington Park. These apartments are walking distance to Albany Medical Center, Albany Law School, Shops/Restaurants on Lark Street and Downtown Albany. Every apartment has it's own washer/dryer, pre wired for high speed internet and cable which is conveniently offered through the building at a lower than market rate! The buildings are highly secured and offer a keyless entry system and video intercoms! All residents have access to our private and secure courtyard behind the building. Nonrefundable Administrative Fee: $750.00 (due upon signing of lease) Application Fee: $20 Pets OK! $30 each per approved pet, per month. nonrefundable pet fee of $250


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.
9.1
/10
Excellent
540 Madison Ave is an excellent find, offering residents a superior living experience with a wide range of desirable features. Residents will particularly enjoy knowing that this property rated highest in Amenities and Price, which help to make this rental a great place to call home.
How we rated 540 Madison Ave
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.
540 Madison Ave 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·10A 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.
540 Madison Ave stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
540 Madison Ave 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.
540 Madison Ave 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.

540 Madison Ave is great for:

Social life

  • 256 restaurants within 1 mile of this property
  • 223 mixed-use spaces nearby
  • 62 museums, art galleries, or cultural centers within 1 mile
  • 26 local event hubs within 1 mile

Work-from-home

  • High speed internet is an amenity
  • Large windows for natural lighting
  • 2 internet service provider options nearby
  • 1 coworking space or cafe within 1 mile

Pet owners

  • 4 pet hospitals in the area
  • Pet deposit required
  • 4 pet supply stores near the property
  • 1 dog park within 1 mile

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 540 Madison Ave compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 1 mile away
More space
The 1-bedroom is 760 sqft larger than other listings nearby

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Greater distance from high schools
The nearest high school is farther than 1 mile away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Park South

1-bedroom apartments at 540 Madison Ave cost about the same as the average rent price for 1-bedroom apartments in Park South.

Median rents as of Dec 6 2025.
Park South
Albany
A table of studio rental data trends in Albany
MonthMedian Rent
December 2023$1,299
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$1,163
A table of studio rental data trends in Park South
MonthMedian 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 540 Madison Avenue?

Bedrooms

1 bedroom

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

$60,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $60,000 annually to afford this 1-bedroom monthly rent price of $1,500.
For more information on rent affordability, visit our rent calculator.

Schools near 540 Madison Ave

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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Getting around Albany near 540 Madison Avenue

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 540 Madison Avenue, Albany

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

4/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
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

5/10
Some bars within a few minutes’ walk

Explore the area around 540 Madison Avenue

Market 32 By Price Chopper
40 Delaware Ave
Lark Central Market
218 Lark St
212 Marketplace
212 Quail St
S & A West Indian
350 Elk St
Halal Market
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