
Cheap Homes for Rent in Albany, MN from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Albany.


751 5th St

975 S Armstrong Ave

812 6th St SE

24 E Birch St

444 29th Ave N

44 1st St N
Albany, MN 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 | $1,338 | $820 | $1,900 |
| Albany 3 Bedroom Homes for Rent | $1,890 | $1,350 | $2,450 |
| Albany 4 Bedroom Homes for Rent | $2,208 | $1,400 | $3,800 |
| Albany 5 Bedroom Homes for Rent | $2,677 | $2,175 | $3,180 |
Browse Top Homes for Rent in Albany
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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 |
Best Value Apartments for Rent in Albany, MN and Nearby
As of October 27, 2025 the best value apartment in the Albany area is the $1.24 price per square foot B10 Model at Cypress Court in the in the West Side neighborhood starting from $1,600. The second greatest value Albany apartment is the 2 Bedroom/1 Bath Apartment Model at The Oaks on 20th starting at $1,165 with a $1.22 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. |
|---|---|---|---|
| Cypress Court | B10 | 2BR,2BA | $1.24 |
| The Oaks on 20th | 2 Bedroom/1 Bath Apartment | 2BR,1BA | $1.22 |
| 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 |
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Best Local Schools in Albany, MN
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Frequently Asked Questions about Albany
What type of rentals are currently available in Albany?
There are currently 45 Apartments for Rent in Albany, MN with pricing that ranges from $555 to $2,700. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $750 to $3,800.
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 $750 to $3,800 with an average monthly rent of $1,772.
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.