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.

property at 104 S Main St

$700 - $900

Total Monthly Price

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Base Rent
$700 - $900
Total Monthly Price
$700 - $900

Studio To 2 Bedroom Homes for Rent

Available Now

104 S Main St

AlbanyIL61230

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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

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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73 Manor Dr
2 Bedroom Apartments

73 Manor Dr

73 Manor DrPark View, IA 52748
  • Utilities Included
  • Smoke Free
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Crow Creek Apartments
1 to 3 Bedroom Apartments

Crow Creek Apartments

5067 Devils Glen RdBettendorf, IA 52722
  • Utilities Included

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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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 1 Bed unit found at PARK RUN APARTMENTS priced from $645. 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
PARK RUN APARTMENTS1 Bed 1 Bath1BR,1BA$645
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$669
Williamsburg ApartmentsStudioStudio,1BA$700
Washington Senior ApartmentsStudioStudio,1BA$750
Village at Sheridan MeadowsStudio - Phase 2Studio,1BA$750
Windsor Crest ApartmentsStudioStudio,1BA$785
2750-2780 Tech Dr1x11BR,1BA$835
Eagle Ridge Apartments1BR/1.0BA1BR,1BA$850
Kimberly Club Apartments1 Bed 1 Bath Efficiency1BR,1BA$860
Indian Ridge Apartments1 Bed 1 Bath Large1BR,1BA$890

Best Value Apartments for Rent in Albany, IL and Nearby

As of August 08, 2026 the best value apartment in the Albany area is the $1.00 price per square foot 3 Bedroom 2.5 Bath TH Model at The Landing of Clinton in the starting from $1,385. The second greatest value Albany apartment is the 2 x 2 Model at Cross Creek starting at $1,030 with a $0.92 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.
The Landing of Clinton3 Bedroom 2.5 Bath TH3BR,2.5BA$1.00
Cross Creek2 x 22BR,2BA$0.92
Pius Lane Apartments2 bed2BR,1BA$0.95
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.10
PARK RUN APARTMENTS2 Bed 1 Bath2BR,1BA$0.99
Old Orchard EstatesThe Grove2BR,1BA$1.13
Riverside Apartments and TownhomesTwo Bed, One Bath Townhome2BR,1BA$1.03
Eagle Ridge Apartments1BR/1.0BA1BR,1BA$1.07
Winding Hills Apartments1 Bedroom1BR,1BA$1.14
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$1.12

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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See the most popular apartments and homes in Albany, IL

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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 Williamsburg Apartments listed at $700.

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

The lowest price for a Cheap One Bedroom Albany Apartment is $645 at PARK RUN 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 $849 at Pine View.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.