Cheap Apartments for Rent in Albany, IN from $300 (8 Rentals)

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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.

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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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Albany, IN Local Guide

Cheapest Available Albany Apartments for Rent and Nearby

 

The cheapest available apartment rental in Albany, IN is a 4 Beds unit found at The Haven in the Westacres neighborhood priced from $510. Yugo Muncie Varsity House in the Westacres neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $549. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Haven4x44BR,4BA$510
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$549
Hoosier Woods Apartments1x1 50%1BR,1BA$673

Best Value Apartments for Rent in Albany, IN and Nearby

As of June 10, 2025 the best value apartment in the Albany area is the $0.73 price per square foot 3 bedroom Model at Granton Place Apartments in the starting from $975. The second greatest value Albany apartment is the 2 Bed 1.5 Bath Model at Aspen/Snowmass Townhomes starting at $1,245 with a $1.31 price per square foot in the School 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.
Granton Place Apartments3 bedroom3BR,1.5BA$0.73
Aspen/Snowmass Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.31
Hoosier Woods Apartments2x2 60%2BR,2BA$1.06
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.15
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.89
424 Lofts1 bedroom1BR,1BA$1.00
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27
Orchard Apartments2 Bedroom Standard2BR,1BA$1.31
The Haven2x22BR,2BA$1.33

Quick Rent Budget Calculator

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

Explore Albany, IN Rentals by Map

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See the most popular apartments and homes in Albany, IN

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Getting Around Albany, IN

Walk Score®

14 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

28 / 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 Applegate listed at $720.

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

The lowest price for a Cheap One Bedroom Albany Apartment is $673 at Hoosier Woods 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 $670 at The Haven.

What is the most affordable Albany Three Bedroom Apartment?

The best deal on a cheap Albany Three Bedroom Apartment rental is at The Haven and starts from $545.

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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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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.