Apartments for Rent in Park South, Albany, NY

Park South, Albany apartment availability

Park South's rental market offers a good selection of listings, with an average of 34 rentals available each month. The neighborhood's inventory is relatively balanced, with a mix of 1-bedroom, 2-bedroom, and studio apartments. Pet owners will appreciate that nearly 67% of Park South apartments allow cats and small pets, although some may have restrictions. This makes Park South a great option for renters with furry friends. With a range of apartment sizes and pet-friendly amenities, Park South is a neighborhood worth considering for those looking for a rental in Albany.

Park South, Albany rental market trends

Park South in Albany is experiencing a unique rental market trend. In 2024, the average monthly rent across all property types decreased by 1.36% from the previous year to approximately $1,739. However, this overall decline masks varying changes in rent prices by bedroom count. 1-bedrooms saw an 8.73% increase, averaging $1,595 per month, while 2-bedrooms rose 2.24% to $2,347, and 3-bedrooms increased 4.04% to $1,596. In contrast, studio prices dropped 3.40% to $1,289.

The most expensive month to rent in Park South is November, with prices 29.66% higher than in June, the least expensive month. This significant fluctuation presents an opportunity for renters to find better deals during the summer months. With more units available and lower prices, June is an attractive time for budget-conscious renters to explore the Park South area.

Why Park South, Albany is a great place to live

We've analyzed data from recent years to understand what makes Park South, Albany, an attractive neighborhood for renters. Our findings suggest that this area excels in catering to social lifestyles and pet-friendly living.

The neighborhood's vibrant social scene is supported by a variety of restaurants, well-designed street infrastructure, and mixed-use developments. Frequent transit options and a focus on safety further enhance the area's appeal for those who value an active social life.

For pet owners, Park South offers a range of amenities, including designated pet spaces, pet-safe windows, and outdoor areas. The absence of breed restrictions, availability of dog parks, and pet events also contribute to the neighborhood's pet-friendly atmosphere. If you're looking for a community that balances social opportunities with pet-friendly living, Park South is worth considering.