Rental market snapshot for Park South, Albany

Park South rental market summary

The rental market in Park South, New York is showing signs of growth. In July 2023, there were 56 new listings, indicating an increase in rental activity. The median rent for the month of July 2023 was $1,730, a 19.3% increase from the previous month and an 11.6% increase from the same time last year. This suggests that the rental market in Park South is becoming more competitive and that prices are increasing.

Overall, the rental market in Park South is on the rise. With more listings and increasing prices, it is becoming a more attractive option for renters. As the market continues to grow, it is likely that prices will continue to rise, making it more difficult for renters to find affordable housing.

Median rent for all residential properties in Park South

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The most expensive listings and top trending buildings in Park South

Most Expensive Listings

AddressRent PriceBed / Bath
33 New Scotland Ave$2,7102 / 2.0
33 New Scotland Ave$2,6602 / 2.0
33 New Scotland Ave$2,5502 / 2.0
33 New Scotland Ave$2,4102 / 2.0
33 New Scotland Ave$2,3602 / 2.0

Top Trending Buildings

building nameavg rent price
DBO Property Management$900

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Bedroom Breakdown in Park South

Studio
$850
MEDIAN RENT
1 Bedroom
$1,970
MEDIAN RENT
2 Bedroom
$2,410
MEDIAN RENT

Park South neighborhood apartments rents

The rental market for studios in Park South, New York is in a state of flux. In July 2023, there were two new studio listings, and the median rent for studios dropped by 50.1% from June 2023 to July 2023, from $1,705 to $850. This suggests that the rental market is becoming more competitive, with more options available for renters. It remains to be seen if this trend will continue in the coming months.

The rental market for 1-bedroom apartments in Park South, New York is showing signs of growth. In July 2023, there were 4 new 1-bedroom listings, indicating an increase in demand for these apartments. The median rent for 1-bedroom apartments in July 2023 was $1,970, a 4.0% increase from the median rent in June 2023 of $1,895. This suggests that the rental market for 1-bedroom apartments in Park South is becoming more competitive, with landlords able to increase their prices due to the increased demand.

The rental market for 2-bedroom apartments in Park South, New York is showing signs of stability. In July 2023, there were 13 new 2-bedroom listings, and the median rent for 2-bedroom apartments decreased by 1.8% from June 2023 to July 2023, from $2,455 to $2,410. This suggests that the rental market is not experiencing any significant changes in pricing or availability.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Park South is $1,730.
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