
Cheap Homes for Rent in Albany, IN from $400 (8 Rentals)
Cheap Homes in Albany.


2207 E 9th St

201 S 2nd St

1205 S Blaine St
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.

802 1/2 N Mulberry St

528 E Kohlmetz St

1101 S Pittenger Rd

1401 N Linden St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Albany, IN Local Guide

How much does it cost to rent a home in Albany?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albany 2 Bedroom Homes for Rent | $950 | $575 | $1,250 |
Albany 3 Bedroom Homes for Rent | $1,154 | $850 | $1,495 |
Albany 4 Bedroom Homes for Rent | $1,308 | $1,200 | $1,600 |
Browse Top Homes for Rent in Albany
Explore Albany
Albany, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Haven | 4x4 | 4BR,4BA | $510 |
Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $549 |
Applegate | Studio | Studio,1BA | $704 |
Best Value Apartments for Rent in Albany, IN and Nearby
As of May 02, 2025 the best value apartment in the Albany area is the $0.62 price per square foot 2BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $810. The second greatest value Albany apartment is the 2 bedroom Flats Model at Granton Place Apartments starting at $850 with a $0.86 price per square foot . Here is today’s list of the best values for Albany apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
Granton Place Apartments | 2 bedroom Flats | 2BR,1BA | $0.86 |
FIELDCREST APARTMENTS | 2 bedroom | 2BR,1BA | $0.88 |
Aspen/Snowmass Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.31 |
Hoosier Woods Apartments | 2x2 60% | 2BR,2BA | $1.06 |
The Latitude | 2 Bed 2 Bath Apartment - Premium | 2BR,2BA | $1.09 |
Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.88 |
Turnberry Square Apartments | 2 bed/2 bath | 2BR,2BA | $1.19 |
6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
Orchard Apartments | 2 Bedroom Standard | 2BR,1BA | $1.31 |
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.
Frequently Asked Questions about Albany
What type of rentals are currently available in Albany?
There are currently 40 Apartments for Rent in Albany, IN with pricing that ranges from $350 to $2,515. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $405 to $1,600.
What is the current price range for Rental Homes in Albany?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Albany ranges from $405 to $1,600 with an average monthly rent of $1,035.
How much are larger Three and Four Bedroom Rentals in Albany?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Albany range from $539 to $2,515, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,495. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $350.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.