Cheap Apartments for Rent near Albany, MO from $400 (53 Rentals)

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

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.

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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.

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Maplewinds I & II
1 to 2 Bedroom Apartments

Maplewinds I & II

403 Iowa StHiawatha, KS 66434
  • Utilities Included
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Oak Hill
1 to 2 Bedroom Apartments

Oak Hill

1000 Oak StValley Falls, KS 66088
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Maryville Meadows
2 to 3 Bedroom Apartments

Maryville Meadows

324 E Summit DrMaryville, MO 64468

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.

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303 W Lowell Ave
1 to 2 Bedroom Apartments

303 W Lowell Ave

303 W Lowell AveShenandoah, IA 51601
Corporate Housing
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CityView Lofts
Studio to 2 Bedroom Apartments

CityView Lofts

201 S 10th StSt. Joseph, MO 64501
  • Utilities Included
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1833 Curtis Ave
1 to 2 Bedroom Apartments

1833 Curtis Ave

1833 Curtis AveChariton, IA 50049
Corporate Housing
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Summit Place
1 to 3 Bedroom Apartments

Summit Place

516-520 N 10th StSt. Joseph, MO 64501
  • Utilities Included

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.

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Ben Day
2 Bedroom Apartments

Ben Day

1100 3rd AveLeavenworth, KS 66048
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148 Park Lane
1 Bedroom Apartments

148 Park Lane

148 Park LnSt. Joseph, MO 64506
  • Utilities Included

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.

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Albany, MO Local Guide

Cheapest Available Albany Apartments for Rent and Nearby

 

The cheapest available apartment rental in Albany, MO is a Studio unit found at Unicorn Apartments in the Congress Corporate Center neighborhood priced from $625. Coventry Apartments in the Buchanan County neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Unicorn ApartmentsSmall Efficiency Apartment!Studio,1BA$625
Coventry Apartments0BR/1.0BAStudio,1BA$650
Red Oak 48-Unit (City View Apartments)1 Bedroom1BR,1BA$695
HL29 Modern FlatsStudioStudio,1BA$725
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$755
Northern Plains by KadingCottage - 22BR,1BA$795
Clarinda West Apartments2 Beds, 1 Baths2BR,1BA$795
Abernathy Lofts2 Bedroom Apartment2BR,1BA$850
Brittany Village2 Bd2BR,1BA$890
Riverview ApartmentsOne Bed One Bath1BR,1BA$895

Best Value Apartments for Rent in Albany, MO and Nearby

As of August 05, 2026 the best value apartment in the Albany area is the $0.92 price per square foot Three Bedroom Model at Cottonwood Creek in the in the Buchanan County neighborhood starting from $1,039. The second greatest value Albany apartment is the B14 - Pet Free 2BD/2BA w/ Crow's nest Model at Mitchell Park Plaza Apartment starting at $1,150 with a $1.05 price per square foot in the Buchanan County neighborhood. 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.
Cottonwood CreekThree Bedroom3BR,2BA$0.92
Mitchell Park Plaza ApartmentB14 - Pet Free 2BD/2BA w/ Crow's nest2BR,2BA$1.05
Riverfront Apartments -2b1.5b2BR,1.5BA$1.29
Vesta Village by KadingCottage - 22BR,1BA$1.09
Northern Plains by KadingCottage - 22BR,1BA$0.94
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$0.95
Brittany Village2 Bd2BR,1BA$1.14
Red Oak 48-Unit (City View Apartments)2 Bedroom - Grade A2BR,1BA$1.12
Woodland TraceOne Bed One Bath-Small1BR,1BA$1.32
Clarinda West Apartments2 Beds, 1 Baths2BR,1BA$1.28

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.

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Real 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.

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Quick Rent Budget Calculator

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Albany, MO Rentals by Map

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See the most popular apartments and homes in Albany, MO

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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 Unicorn Apartments listed at $625.

How much is rent for a Cheap One Bedroom Albany Apartment?

The lowest price for a Cheap One Bedroom Albany Apartment is $745 at Unicorn 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 $755 at Summit House Apartments.

What is the most affordable Albany Three Bedroom Apartment?

The best deal on a cheap Albany Three Bedroom Apartment rental is at Brittany Village and starts from $1,010.

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

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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.

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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.

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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.

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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.