Cheap Homes for Rent in Albany, MN from $900 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in Albany.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Albany, MN Local Guide

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 $745. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oak Ridge Manor Senior 62+ ApartmentsOne Bedroom1BR,1BA$718
Bright River Estates1B1B - CONTACT FOR AVAILABILITY1BR,1BA$745
Auburn Cove Apartments., LLC1 bedroom1BR,1BA$795
Westchester LLC1B1B - CONTACT FOR AVAILABILITY1BR,1BA$800
Westwood VillageTwo bedroom/ One bathroom2BR,1BA$880

Best Value Apartments for Rent in Albany, MN and Nearby

As of June 04, 2025 the best value apartment in the Albany area is the $1.17 price per square foot E Model at Savanna Apartments in the starting from $1,150. The second greatest value Albany apartment is the 551 Bldg - Plan G Model at Victory Court Apartments starting at $1,300 with a $1.36 price per square foot . Here is today’s list of the best values for Albany apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Savanna ApartmentsE2BR,2BA$1.17
Victory Court Apartments551 Bldg - Plan G2BR,2BA$1.36
Clover Hill2B/1B2BR,1BA$1.00
Suncrest Apartments2 Bedroom2BR,1BA$1.08
Westwood VillageTwo bedroom/ One bathroom2BR,1BA$0.98
Jacobs Square Apartments2 Bedroom, 1 Bath2BR,1BA$1.26
Oak Ridge Manor Senior 62+ ApartmentsOne Bedroom1BR,1BA$0.96
Bright River Estates1B1B - A - CONTACT FOR AVAILABILITY1BR,1BA$1.27
Westchester LLC1B1B - CONTACT FOR AVAILABILITY1BR,1BA$1.28
Auburn Cove Apartments., LLC1 bedroom1BR,1BA$1.30

Quick Rent Budget Calculator

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Frequently Asked Questions about Albany

What type of rentals are currently available in Albany?

There are currently 44 Apartments for Rent in Albany, MN with pricing that ranges from $500 to $2,390. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $950 to $2,790.

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 $950 to $2,790 with an average monthly rent of $1,849.

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 $1,015 to $2,390, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,400.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.