5+ Days Ago
Highlights
- One off-street parking space
- Additional off street parking
- Heat and hot water included
Location
338 Madison Ave, Albany, NY 12210, USA|Capitol Hill
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Property Overview
338 Madison Avenue presents an attractive living option with a Zumper expert rating of 8.7, reflecting its competitive pricing and quality amenities. The property features notable elements such as off-street parking and included heat and hot water, while its prime location offers easy access to schools, parks, and a vibrant social scene. With high ratings in price, location, and quality, this property stands out as an excellent choice for renters seeking a dynamic lifestyle.
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- Less expensive
- High school nearby
Great for
Social life
Floor plans
| 338 Madison Avenue - 2 | 2 bed | 1 bath | $1,550 /mo | This 2 bedroom, 1 bath unit on Madison Ave in Albany is within walking distance to the Empire State Plaza, New York State Museum, as well as an abundance of restaurants and bars. Heat and hot water are included, and there are a coin operated washer and dryer in the basement. Unit comes with one parking space included, additional off street parking space available for $50/month. Rent/Security $1550. Applications only accepted through www redwaypropertymanagement com |
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Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 338 Madison Avenue
This is a 1 bedroom, 1 bathroom unit on Madison Ave in the heart of Albany, walking distance to the state offices and in the middle of everything. The unit includes one off-street parking space in the back of the building. Heat and hot water are included. Coin operated washer and dryer in the basement. Tenant pays electric and gas for stove/cooking. Rent/security $1200. Applications accepted only at www redwaypropertymanagement com
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.
8.7
/10
Very GoodWith a solid 8.7 out of 10 overall, 338 Madison Avenue is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 338 Madison Avenue 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·10A 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.
338 Madison Avenue offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A 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.
With multiple in-demand amenities, 338 Madison Avenue is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
338 Madison Avenue 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·8A 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.
Anyone looking for quality at a great value will find 338 Madison Avenue to be an attractive option. Renters can also rely on this rental to provide them with accurate information they need to find the living experience they desire.
Trustworthiness·7A 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.
338 Madison Avenue provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
338 Madison Avenue 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 338 Madison Avenue compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.3 mile away
- Less expensive
- The 2-bedrooms are cheaper than other similar listings nearby
- High school nearby
- There is a high school 1 mile away
- Elementary school nearby
- There is an elementary school 0.3 mile away
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Rent trends in Capitol Hill
2-bedroom apartments at 338 Madison Avenue cost about 3% less than the average rent price for 2-bedroom apartments in Capitol Hill.
Median rents as of Jan 31 2026.
Capitol Hill
Albany
| Month | Median Rent |
|---|---|
| February 2024 | $1,275 |
| March 2024 | $1,254 |
| April 2024 | $1,215 |
| May 2024 | $1,275 |
| June 2024 | $1,250 |
| July 2024 | $1,256 |
| August 2024 | $1,225 |
| September 2024 | $1,248 |
| October 2024 | $1,294 |
| November 2024 | $1,307 |
| December 2024 | $1,299 |
| January 2025 | $1,335 |
| February 2025 | $1,374 |
| March 2025 | $1,309 |
| April 2025 | $1,262 |
| May 2025 | $1,257 |
| June 2025 | $1,281 |
| July 2025 | $1,330 |
| August 2025 | $1,329 |
| September 2025 | $1,295 |
| October 2025 | $1,300 |
| November 2025 | $1,302 |
| December 2025 | $1,250 |
| January 2026 | $1,278 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,297 |
| March 2024 | $1,238 |
| April 2024 | $1,145 |
| May 2024 | $1,148 |
| June 2024 | $1,239 |
| July 2024 | $1,218 |
| August 2024 | $1,205 |
| September 2024 | $1,243 |
| October 2024 | $1,249 |
| November 2024 | $1,175 |
| December 2024 | $1,393 |
| January 2025 | $1,281 |
| February 2025 | $1,243 |
| March 2025 | $1,182 |
| April 2025 | $1,119 |
| May 2025 | $1,150 |
| June 2025 | $1,487 |
| July 2025 | $1,600 |
| August 2025 | $1,370 |
| September 2025 | $1,246 |
| October 2025 | $1,234 |
| November 2025 | $1,172 |
| December 2025 | $1,238 |
| January 2026 | $1,298 |
Affordability calculator
Can I afford to live at 338 Madison Ave?
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
$62,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $62,000 annually to afford this 2-bedrooms monthly rent price of $1,550.
For more information on rent affordability, visit our rent calculator.
Schools near 338 Madison Avenue
Giffen Memorial Elementary School
274 s pearl st
albany, NY, 12202
PK, K-5Public
C
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
Arbor Hill Elementary School
1 arbor dr
albany, NY, 12207
PK, K-5Public
C
Philip J. Schuyler Achievement Academy
676 clinton ave
albany, NY, 12206
PK, K-5Public
C
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Internet available near 338 Madison Avenue
Getting around Albany near 338 Madison Ave
Walking
7/10
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
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
9/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.
Points of interest for 338 Madison Ave, Albany
Groceries
9/10
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
8/10
Large amount of park space nearby
Nightlife
5/10
Some bars within walking distance
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