
Cheap Apartments for Rent in Albany, MN from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Albany.


Windsong Apartments

Oak Ridge Manor Senior 62+ Apartments

Driftwood Apartments

Total Monthly Price
Bright River Estates
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.

Auburn Cove Apartments., LLC

Total Monthly Price
Westchester LLC

751 5th St

Suncrest Apartments

Clover Hill Apartments
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.

Westwood Village

Parkview Apartments

Avon Estates

Jacobs Square Apartments

703 W Main St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

1035 Division St E
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 | $873 | $555 | $1,125 | 
| Albany 1 Bedroom Apartments | $1,088 | $718 | $1,555 | 
| Albany 2 Bedroom Apartments | $1,343 | $825 | $2,700 | 
| Albany 3 Bedroom Apartments | $1,483 | $1,015 | $1,915 | 
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 Oak Ridge Manor Senior 62+ Apartments priced from $718. Bright River Estates in the Pantown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $764. Here is today’s list of the most affordable Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From | 
|---|---|---|---|
| Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $718 | 
| Bright River Estates | 1B1B - CONTACT FOR AVAILABILITY | 1BR,1BA | $764 | 
| Auburn Cove Apartments., LLC | 1 bedroom | 1BR,1BA | $795 | 
| Westchester LLC | 1B1B - CONTACT FOR AVAILABILITY | 1BR,1BA | $819 | 
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $830 | 
Best Value Apartments for Rent in Albany, MN and Nearby
As of October 31, 2025 the best value apartment in the Albany area is the $1.33 price per square foot B8 Model at Cypress Court in the in the West Side neighborhood starting from $1,618. The second greatest value Albany apartment is the 2B/1B Model at Driftwood Apartments starting at $870 with a $0.93 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. | 
|---|---|---|---|
| Cypress Court | B8 | 2BR,2BA | $1.33 | 
| Driftwood Apartments | 2B/1B | 2BR,1BA | $0.93 | 
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $0.98 | 
| Suncrest Apartments | 2 Bedroom | 2BR,1BA | $1.11 | 
| Jacobs Square Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.26 | 
| Pioneer Pointe | 2 Bed-1 | 2BR,1BA | $1.19 | 
| Oak Ridge Manor Senior 62+ Apartments | One Bedroom | 1BR,1BA | $0.96 | 
| Bright River Estates | 1B1B - A - CONTACT FOR AVAILABILITY | 1BR,1BA | $1.29 | 
| Westchester LLC | 1B1B - CONTACT FOR AVAILABILITY | 1BR,1BA | $1.31 | 
| Auburn Cove Apartments., LLC | 1 bedroom | 1BR,1BA | $1.30 | 
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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Best Local Schools in Albany, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Albany, MN
Walk Score®
29 / 100
Car-Dependent
Most errands require a car
Bike Score®
40 / 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
How much is rent for a Cheap One Bedroom Albany Apartment?
The lowest price for a Cheap One Bedroom Albany Apartment is $718 at Oak Ridge Manor Senior 62+ 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 $838 at Oak Ridge Manor Senior 62+ Apartments.
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 $1,015.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.