
Cheap Apartments for Rent near Albany, MN from $700 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Albany.


Total Monthly Price
Bright River Estates

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Auburn Cove Apartments., LLC

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Westchester Apartments

Total Monthly Price
Clover Hill Apartments

Suncrest Apartments

Westwood Village

Cypress Court
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.

Jacobs Square Apartments

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Parkview Apartments

Graceview Estates

Westwood Parkway Estates

134 Crossing

The Oaks on 20th

Riverview Lofts

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Birch Spring Apartment Homes
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.

GrandView Estates

Windsong Apartments

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Wedgewood

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Wobegon Crossings

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Joetown Apartment Homes

Granite Landing

Parkbury Villa

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River Oak Heights
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.

Kensington

Meadowlawn Village

Pheasant Crest Townhomes

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Boulder Ridge Apartment Homes

Victory Court Apartments

Oak Ridge Manor Senior 62+ Apartments

313 5th St S

512 Maple Ln
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.

519 14th St S

Pioneer Pointe

216 5th St SW

35 Lake St S

Meadowlark Apartments

154 3rd Ave

60 Birch Ave S

325 Litchfield Ave SE
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.

490 3rd St S

Bel Clare Estates

402 4th St S

619 S Armstrong Ave
Albany, MN Local Guide

How much does it cost to rent an apartment in Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albany Studio Apartments | $1,074 | $750 | $1,877 |
| Albany 1 Bedroom Apartments | $1,166 | $779 | $1,851 |
| Albany 2 Bedroom Apartments | $1,365 | $850 | $2,700 |
| Albany 3 Bedroom Apartments | $1,641 | $1,059 | $2,991 |
Browse Top Apartments in Albany
See all Apartments in AlbanyExplore Albany
Albany, MN Local Guide
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Cheapest Available Albany Apartments for Rent and Nearby
 The cheapest available apartment rental in Albany, MN is a 1 Bed unit found at Driftwood Apartments in the West Saint Cloud neighborhood priced from $810. Auburn Cove Apartments., LLC in the West Saint Cloud neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $850. Here is today’s list of the most affordable Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Driftwood Apartments | 1B/1B | 1BR,1BA | $810 |
| Auburn Cove Apartments., LLC | 2 bedroom small | 2BR,1BA | $850 |
| Bright River Estates | 2B1B SPLIT | 2BR,1BA | $879 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $900 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $920 |
| Westchester Apartments | 2B1B SPLIT | 2BR,1BA | $944 |
| The Oaks on 20th | Studio | Studio,1BA | $1,020 |
| Cypress Court | S4 | Studio,1BA | $1,045 |
| Riverview Lofts | 1 Bedroom and 1 Bath | 1BR,1BA | $1,050 |
| Windsong Apartments | 2 Bed/1 Bath A | 2BR,1BA | $1,195 |
Best Value Apartments for Rent in Albany, MN and Nearby
As of July 24, 2026 the best value apartment in the Albany area is the $1.27 price per square foot Tamarack Model at Boulder Ridge Apartment Homes in the starting from $1,674. The second greatest value Albany apartment is the 2 Bed/ 2 Bath Model at Parkbury Villa starting at $1,295 with a $1.04 price per square foot in the West Saint Cloud neighborhood. 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. |
|---|---|---|---|
| Boulder Ridge Apartment Homes | Tamarack | 3BR,2BA | $1.27 |
| Parkbury Villa | 2 Bed/ 2 Bath | 2BR,2BA | $1.04 |
| Windsong Apartments | 2 Bed/1 Bath A | 2BR,1BA | $1.19 |
| Pheasant Crest Townhomes | 2 Bedroom Townhome | 2BR,2BA | $1.26 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| Westchester Apartments | 2B1B SPLIT | 2BR,1BA | $1.11 |
| Bright River Estates | 2B1B SPLIT | 2BR,1BA | $1.14 |
| Auburn Cove Apartments., LLC | 2 bedroom small | 2BR,1BA | $1.14 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $1.29 |
| Driftwood Apartments | 1B/1B | 1BR,1BA | $1.19 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Albany, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Albany, MN Rentals by Map
See the most popular apartments and homes in Albany, MN
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 The Oaks on 20th listed at $1,020.
How much is rent for a Cheap One Bedroom Albany Apartment?
The lowest price for a Cheap One Bedroom Albany Apartment is $810 at Driftwood 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 $850 at Auburn Cove Apartments., LLC.
What is the most affordable Albany Three Bedroom Apartment?
The best deal on a cheap Albany Three Bedroom Apartment rental is at Westwood Village and starts from $1,060.
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

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.

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.