
Cheap Homes for Rent in Albany, MO from $300 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Albany.


600 S 7th St

606 S 7th St

610 S 7th St

1010 N 16th St

830 Warsaw Ave

832 Warsaw Ave
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.

2502 Lakeview Ave

222 Park Ave

940 27th St

712 Warsaw Ave

702 N 6th

702 N 6th St

1406 Magnolia W
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.
Albany, MO 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 | $1,154 | $795 | $1,750 |
| Albany 3 Bedroom Homes for Rent | $1,553 | $345 | $2,100 |
| Albany 4 Bedroom Homes for Rent | $1,695 | $850 | $2,475 |
Browse Top Homes for Rent in Albany
Explore Albany
Albany, MO Local Guide
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Cheapest Available Albany Apartments for Rent and Nearby
 The cheapest available apartment rental in Albany, MO is a 1 Bed unit found at Parkway Village Apartments priced from $540. Tarkio Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkway Village Apartments | One Bedroom | 1BR,1BA | $540 |
| Tarkio Village Apartments | 1BR/1.0BA | 1BR,1BA | $550 |
| Mitchell Park Plaza | S1 - Standard Studio (Pet Friendly) | Studio,1BA | $602 |
| Unicorn Apartments | Small Efficiency Apartment! | Studio,1BA | $625 |
| Park Avenue Apartments | 2 Bed | 2BR,1BA | $695 |
Best Value Apartments for Rent in Albany, MO and Nearby
As of April 13, 2026 the best value apartment in the Albany area is the $0.80 price per square foot Cottage - 3 Model at Northern Plains by Kading in the starting from $985. The second greatest value Albany apartment is the Prairie Model at Osceola Heights starting at $1,295 with a $1.09 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. |
|---|---|---|---|
| Northern Plains by Kading | Cottage - 3 | 3BR,2BA | $0.80 |
| Osceola Heights | Prairie | 3BR,2BA | $1.09 |
| Abernathy Lofts | 2-Bed/1-Bath | 2BR,1BA | $1.21 |
| Country Club Estates | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.93 |
| Cottonwood Creek | Two Bedroom | 2BR,2BA | $0.94 |
| Forest Cove Apartments | 2x1 | 2BR,1BA | $0.89 |
| Park Avenue Apartments | 2 Bed | 2BR,1BA | $0.87 |
| Summit House Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.95 |
| Parkway Village Apartments | Two Bedroom (updated) | 2BR,1BA | $0.99 |
| City View Apartments | 1 Bedroom | 1BR,1BA | $1.22 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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.
Read ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Albany, MO Rentals by Map
See the most popular apartments and homes in Albany, MO
Frequently Asked Questions about Albany
What type of rentals are currently available in Albany?
There are currently 47 Apartments for Rent in Albany, MO with pricing that ranges from $540 to $2,100. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $345 to $2,475.
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 $345 to $2,475 with an average monthly rent of $1,155.
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 $800 to $2,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $345 to $2,100. Four Bedroom Single-Family rentals are also available starting from $850 and Four Bedroom Apartments start at $1,150.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.