Cheap Homes for Rent in Albany, MO from $400 (13 Rentals)

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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.

property at 940 27th St

940 27th St

ClarindaIA51632

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Albany, MO Local Guide

Cheapest Available Albany Apartments for Rent and Nearby

 

The cheapest available apartment rental in Albany, MO is a 1 Bed unit found at Forest Cove Apartments priced from $625. Parkway Village Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $640. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forest Cove Apartments1x1 Small1BR,1BA$625
Parkway Village Apartments2 Bedroom2BR,1BA$640
Mitchell Park PlazaS1 - Standard StudioStudio,1BA$650
Park Avenue Apartments2 Bed2BR,1BA$695
Northern Plains by KadingCottage - 22BR,1BA$695

Best Value Apartments for Rent in Albany, MO and Nearby

As of September 04, 2025 the best value apartment in the Albany area is the $0.99 price per square foot Two Bedroom Two Bath Model at American Electric Lofts in the starting from $1,260. The second greatest value Albany apartment is the 2 bed Model at Gustin Flats starting at $1,260 with a $1.27 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.
American Electric LoftsTwo Bedroom Two Bath2BR,2BA$0.99
Gustin Flats2 bed2BR,2BA$1.27
Riverfront2Bd, 1.5B2BR,1.5BA$1.12
Northern Plains by KadingCottage - 22BR,1BA$0.83
Broadway LoftsTwo Bed One Bath2BR,1BA$1.25
Park Avenue Apartments2 Bed2BR,1BA$0.87
Hillside ApartmentsRenovated 1bed - 1bath Apartment!1BR,1BA$1.28
Parkway Village Apartments2 Bedroom Remodeled2BR,1BA$0.99
Woodland TraceOne Bed One Bath-Small1BR,1BA$1.14
Forest Cove Apartments1x1 Small1BR,1BA$0.96

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

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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, MO with pricing that ranges from $540 to $2,450. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $491 to $3,250.

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 $491 to $3,250 with an average monthly rent of $1,517.

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 $825 to $2,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $491 to $2,745. Four Bedroom Single-Family rentals are also available starting from $1,099 and Four Bedroom Apartments start at $925.

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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.