Cheap Apartments for Rent in Albany, IL from $300 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in Albany.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Tallgrass Townhomes
1 to 3 Bedroom Apartments

Tallgrass Townhomes

1311 7th StDe Witt, IA 52742
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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443 2nd Ave D
1 Bedroom Apartments

443 2nd Ave D

443 2nd Avenue DSilvis, IL 61282
  • Utilities Included
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Crow Creek Apartments
1 to 3 Bedroom Apartments

Crow Creek Apartments

5067 Devils Glen RdBettendorf, IA 52722
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-28, Page 1 of 1

Albany, IL Local Guide

Cheapest Available Albany Apartments for Rent and Nearby

 

The cheapest available apartment rental in Albany, IL is a Studio unit found at Riverside Apartments and Townhomes priced from $525. Pine View has the second lowest priced unit, which is a 1 Bed apartment currently listed from $669. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverside Apartments and TownhomesStudioStudio,1BA$525
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$669
Washington Senior ApartmentsStudioStudio,1BA$695
Williamsburg ApartmentsStudioStudio,1BA$700
Jersey MeadowsOne Bedroom Large (Ground Floor)1BR,1BA$718
Pius Lane Apartments1 bed1BR,1BA$750
Indian Ridge ApartmentsStudioStudio,1BA$765
Iowa Mutual LoftsStudioStudio,1BA$850
Cross Creek Apartment HomesPhase I1BR,1BA$870
73 Manor Dr2 Bedroom2BR,1BA$875

Best Value Apartments for Rent in Albany, IL and Nearby

As of October 24, 2025 the best value apartment in the Albany area is the $1.12 price per square foot 4 Bedroom Home Model at Links at Pebble Creek in the in the Outer Davenport Bettendorf neighborhood starting from $3,500. The second greatest value Albany apartment is the Townhome-2 Bedroom 2 Bath Model at Park Place Apartments starting at $1,495 with a $1.20 price per square foot in the North Side neighborhood. Here is today’s list of the best values for Albany apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Links at Pebble Creek4 Bedroom Home4BR,3BA$1.12
Park Place ApartmentsTownhome-2 Bedroom 2 Bath2BR,2BA$1.20
The Landing of Clinton2 Bedroom 1 Bath2BR,1BA$1.23
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.02
73 Manor Dr2 Bedroom2BR,1BA$0.92
Eagle Ridge Apartments2BR/1.0BA2BR,1BA$1.03
Cross Creek Apartment HomesPhase II1BR,1BA$1.08
Pius Lane Apartments1 bed1BR,1BA$1.00
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$1.12
Jersey MeadowsOne Bedroom Large (Ground Floor)1BR,1BA$1.21

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle

Ranked #

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Albany, IL Rentals by Map

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See the most popular apartments and homes in Albany, IL

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Getting Around Albany, IL

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Albany Apartments

What is the Cheapest Studio apartment in Albany?

Currently the most affordable Cheap Studio Apartment in Albany is at Riverside Apartments and Townhomes listed at $525.

How much is rent for a Cheap One Bedroom Albany Apartment?

The lowest price for a Cheap One Bedroom Albany Apartment is $669 at Pine View.

What is the lowest price for a Cheap Two Bedroom Albany Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Albany is starting from $775 at Riverside Apartments and Townhomes.

What is the most affordable Albany Three Bedroom Apartment?

The best deal on a cheap Albany Three Bedroom Apartment rental is at Pine View and starts from $969.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.