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Highlights

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

Location

540 Madison Ave, Albany, NY 12208, USA|Park South
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Tour 540 Madison Ave

Contact

Management

Blue House Companies LLC

Leasing office

(518) 730-7501 ext. 2

Property Overview

540 Madison Ave offers an exceptional living experience with a Zumper expert rating of 8.9 out of 10, highlighting its competitive pricing and outstanding amenities, all rated 9 out of 10. This property features modern finishes, large windows, a keyless entry system, and a private courtyard, enhancing its appeal. Additionally, the location provides convenient access to schools, restaurants, and cultural attractions, making it an attractive choice for various lifestyles.

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

8.9
Very Good
With a solid 8.9 out of 10 overall, 540 Madison Ave is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 540 Madison Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Middle school nearby

Great for

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

Floor plans

1BR/1.0BA1 bed1 bath760 sqft$1,600–$1,650 /mo3 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

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Amenities for 540 Madison Ave

Apartment Amenities

TrashWater

Building

Cats OKDogs OK
Sewer

Services

Water, 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

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.
8.9
/10
Very Good
With a solid 8.9 out of 10 overall, 540 Madison Ave is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 540 Madison Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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·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.
540 Madison Ave goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, 540 Madison Ave 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.
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:

Pet owners

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

Social life

  • 268 restaurants within 1 mile of this property
  • 232 mixed-use spaces nearby
  • 21 local event hubs within 1 mile
  • 51 museums, art galleries, or cultural centers within 1 mile

Work-from-home

  • High speed internet is an amenity
  • Large windows for natural lighting
  • 1 internet service provider option nearby
  • 1 office supply store 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

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 Oct 18 2025.
Park South
Albany
A table of studio rental data trends in Albany
MonthMedian Rent
November 2023$1,162
December 2023$1,289
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$1,194
A table of studio rental data trends in Park South
MonthMedian Rent
November 2023$1,000
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

Affordability calculator

Can I afford to live at 540 Madison Ave?

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

$64,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $64,000 annually to afford this 1-bedroom monthly rent price of $1,600.
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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Internet available near 540 Madison Ave

Getting around Albany near 540 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 540 Madison Ave, 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

9/10
Exceptionally 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 Ave

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
264 Central Ave

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