
Cheap Apartments for Rent near Albany, MN from $750 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Albany.


718 6th Ave S

Total Monthly Price
Bright River Estates

Total Monthly Price
Auburn Cove Apartments., LLC

Total Monthly Price
Westchester Apartments

Total Monthly Price
Clover Hill Apartments
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.

Westwood Village

Cypress Court

Total Monthly Price
Parkview Apartments

Jacobs Square Apartments

Suncrest Apartments

Graceview Estates
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.

Victory Court Apartments

134 Crossing

Westwood Parkway Estates

The Oaks on 20th

Total Monthly Price
Birch Spring Apartment Homes

Total Monthly Price
Boulder Ridge Apartment Homes
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.

Oak Ridge Manor Senior 62+ Apartments

512 Maple Ln

320 Augusta Ave SE

519 14th St S

Pioneer Pointe

706 1st St S
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.

510 2nd St N

Meadowlark Apartments

154 3rd 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 | $1,164 | $750 | $1,951 |
| Albany 1 Bedroom Apartments | $1,190 | $779 | $1,851 |
| Albany 2 Bedroom Apartments | $1,377 | $850 | $2,715 |
| Albany 3 Bedroom Apartments | $1,689 | $1,059 | $3,095 |
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 2 Beds unit found at Auburn Cove Apartments., LLC in the West Saint Cloud neighborhood priced from $850. Westchester Apartments in the West Saint Cloud neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $869. Here is today’s list of the most affordable Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Auburn Cove Apartments., LLC | 2 bedroom small | 2BR,1BA | $850 |
| Westchester Apartments | 2B1B - A - CONTACT FOR AVAILABILITY | 2BR,1BA | $869 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $920 |
| Cypress Court | S5 | Studio,1BA | $1,055 |
| Boulder Ridge Apartment Homes | 1 Bedroom | 1BR,1BA | $1,070 |
| Pheasant Crest Townhomes | 2 Bedroom Townhome | 2BR,2BA | $1,255 |
| Windsong Apartments | 2 Bed/1 Bath A | 2BR,1BA | $1,295 |
| Riverview Lofts | 1 Bedroom and 1 Bath | 1BR,1BA | $1,300 |
| Riverside Flats of Melrose | One Bedroom One Bathroom | 1BR,1BA | $1,305 |
| Avon Estates | 2B 1B C | 2BR,1BA | $1,324 |
Best Value Apartments for Rent in Albany, MN and Nearby
As of September 02, 2026 the best value apartment in the Albany area is the $1.34 price per square foot Willow 2 BD - 2.5 BA (R) Model at Rivers Bend Cottage Homes in the starting from $2,450. The second greatest value Albany apartment is the Pavillion Model at Westwood Parkway Estates starting at $1,670 with a $1.43 price per square foot in the West Side 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. |
|---|---|---|---|
| Rivers Bend Cottage Homes | Willow 2 BD - 2.5 BA (R) | 2BR,2.5BA | $1.34 |
| Westwood Parkway Estates | Pavillion | 2BR,2BA | $1.43 |
| Wobegon Crossings | Willow | 2BR,2BA | $1.45 |
| Pheasant Crest Townhomes | 2 Bedroom Townhome | 2BR,2BA | $1.26 |
| Windsong Apartments | 2 Bed/ 1 Bath G1 | 2BR,1BA | $1.32 |
| Victory Court Apartments | 555 Bldg - Plan G | 2BR,2BA | $1.42 |
| Westwood Village | Two bedroom/ One bathroom | 2BR,1BA | $1.02 |
| Westchester Apartments | 2B1B - A - CONTACT FOR AVAILABILITY | 2BR,1BA | $1.16 |
| Auburn Cove Apartments., LLC | 2 bedroom small | 2BR,1BA | $1.14 |
| Boulder Ridge Apartment Homes | 1 Bedroom | 1BR,1BA | $1.55 |
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 Cypress Court listed at $1,055.
How much is rent for a Cheap One Bedroom Albany Apartment?
The lowest price for a Cheap One Bedroom Albany Apartment is $1,070 at Boulder Ridge Apartment Homes.
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 $869 at Westchester Apartments.
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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.

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.