This work proposes and experimentally demonstrates a high-performance polarization space parity-time (PT) symmetric fiber ring laser to achieve a low-noise, narrow-linewidth, and highly stable single-longitudinal-mode output. The gain/loss and coupling coefficients are regulated by adjusting a polarization controller (PC) and the pumping current of an erbium-doped fiber amplifier (EDFA) within the ring cavity. The results show that the single longitudinal mode oscillation of the laser can be implemented by PT symmetry breaking. The frequency noise spectral density and the linewidth characteristics of the laser are evaluated by the short-delay self-heterodyne method. The results reveal that excellent low-frequency noise (181 Hz2/Hz at a 10 kHz offset frequency) and narrow fundamental linewidth (68 Hz) can be achieved. Additionally, the laser exhibits outstanding stability with only 0.64 pm wavelength drift over 30 min. By tuning an optical tunable filter (OTF), the wavelength tunable range of the laser can cover the entire C-band. Furthermore, the impacts of different fiber length on the frequency noise spectral density and the filter bandwidth on stability are analyzed, offering guidance for component selection in such laser systems.