Cheap Apartments for Rent in Albany, IL from $300 (46 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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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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Tallgrass Townhomes
1 to 3 Bedroom Apartments

Tallgrass Townhomes

1311 7th StDe Witt, IA 52742
  • Utilities Included
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443 2nd Ave D
1 Bedroom Apartments

443 2nd Ave D

443 2nd Avenue DSilvis, IL 61282
Corporate Housing
  • Utilities Included

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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73 Manor Dr
2 Bedroom Apartments

73 Manor Dr

73 Manor DrPark View, IA 52748
  • 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 1-46, 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. Cross Creek in the North Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $602. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverside Apartments and TownhomesStudioStudio,1BA$525
Cross Creek1 x 11BR,1BA$602
Jersey MeadowsOne Bedroom1BR,1BA$605
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$669
Williamsburg ApartmentsStudioStudio,1BA$700
Village at Sheridan MeadowsStudio - Phase 2Studio,1BA$750
Washington Senior ApartmentsStudioStudio,1BA$750
2750-2780 Tech Dr1x11BR,1BA$835
Indian Ridge Apartments1 Bed 1 Bath Large1BR,1BA$845
Eagle Ridge Apartments1BR/1.0BA1BR,1BA$850

Best Value Apartments for Rent in Albany, IL and Nearby

As of May 08, 2026 the best value apartment in the Albany area is the $1.21 price per square foot 2 Bedroom 1 Bath Model at The Landing of Clinton in the starting from $1,214. The second greatest value Albany apartment is the 2 bed Model at Pius Lane Apartments starting at $925 with a $0.94 price per square foot in the Downtown Moline 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.
The Landing of Clinton2 Bedroom 1 Bath2BR,1BA$1.21
Pius Lane Apartments2 bed2BR,1BA$0.94
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.10
PARK RUN APARTMENTS2 Bed 1 Bath2BR,1BA$0.99
Cross Creek1x11BR,1BA$1.11
Eagle Ridge Apartments1BR/1.0BA1BR,1BA$1.07
Winding Hills Apartments1 Bedroom1BR,1BA$1.10
Iowa Mutual LoftsStudioStudio ,1BA$1.24
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$1.12
Jersey MeadowsOne Bedroom1BR,1BA$1.24

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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

Explore Albany, IL Rentals by Map

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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 $602 at Cross Creek.

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 $720 at Cross Creek.

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

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.