Cheap Apartments for Rent in Albany, IL from $300 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Tallgrass Townhomes
1 to 3 Bedroom Apartments

Tallgrass Townhomes

1311 7th StDe Witt, IA 52742
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
close
View Me
Crow Creek Apartments
1 to 3 Bedroom Apartments

Crow Creek Apartments

5067 Devils Glen RdBettendorf, IA 52722
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-32, 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. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $570. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverside Apartments and TownhomesStudioStudio,1BA$525
Roosevelt School Apartments1 bedroom1BR,1BA$570
Jersey MeadowsOne Bedroom Large (Top Floor)1BR,1BA$595
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$669
Washington Senior ApartmentsStudioStudio,1BA$695
443 2nd Ave D1 BR/ 1 BA1BR,1BA$700
Williamsburg ApartmentsStudioStudio,1BA$700
Windsor Crest Apartments1 Bedroom1BR,1BA$840
Indian Ridge Apartments1 Bed 1 Bath Medium1BR,1BA$845
Iowa Mutual LoftsStudioStudio,1BA$850

Best Value Apartments for Rent in Albany, IL and Nearby

As of June 25, 2025 the best value apartment in the Albany area is the $1.02 price per square foot 3 Bedroom Home Model at Links at Pebble Creek in the in the Outer Davenport Bettendorf neighborhood starting from $2,650. The second greatest value Albany apartment is the 2 bedroom Model at Roosevelt School Apartments starting at $1,000 with a $1.00 price per square foot . 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 Creek3 Bedroom Home3BR,2BA$1.02
Roosevelt School Apartments2 bedroom2BR,1.5BA$1.00
Pius Lane Apartments2 bed2BR,1BA$0.91
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.02
73 Manor Dr2 Bedroom2BR,1BA$0.92
Old Orchard Estates2 Bed 1 Bath2BR,1BA$1.18
Winding Hills Apartments1 Bedroom1BR,1BA$1.14
443 2nd Ave D1 BR/ 1 BA1BR,1BA$1.08
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$1.12
Jersey MeadowsOne Bedroom Large (Top Floor)1BR,1BA$1.00

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

decorative image of woman handing cat to small boy

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

Explore Albany, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Albany, IL

View MapAlbany, IL Apartments MapView MapAlbany, IL Rental Homes Map

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 $570 at Roosevelt School Apartments.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.