
Cheap Homes for Rent near Albany, MO from $345 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Albany.


1010 N 16th St

1922 N 3rd St
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.

515 E 7th St

702 N 6th St

714 Hazel St
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.

1223 Sylvanie St
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 | $1,049 | $750 | $1,550 |
| Albany 3 Bedroom Homes for Rent | $1,503 | $345 | $2,545 |
| Albany 4 Bedroom Homes for Rent | $1,588 | $850 | $2,230 |
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 Studio unit found at Unicorn Apartments in the Congress Corporate Center neighborhood priced from $625. Mitchell Park Plaza Apartment in the Buchanan County neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $628. Here is today’s list of the most affordable Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Unicorn Apartments | Small Efficiency Apartment! | Studio,1BA | $625 |
| Mitchell Park Plaza Apartment | S1 - Standard Studio (Pet Friendly) | Studio,1BA | $628 |
| Timber Creek Apartments | 1 Bed/1 Bath | 1BR,1BA | $695 |
Best Value Apartments for Rent in Albany, MO and Nearby
As of August 27, 2026 the best value apartment in the Albany area is the $1.29 price per square foot 3 Bedroom • 1 Bathroom - The Union Model at Station Lofts in the in the Leavenworth County neighborhood starting from $2,057. The second greatest value Albany apartment is the Cottage - 3 Model at Northern Plains by Kading starting at $1,085 with a $0.88 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. |
|---|---|---|---|
| Station Lofts | 3 Bedroom • 1 Bathroom - The Union | 3BR,1BA | $1.29 |
| Northern Plains by Kading | Cottage - 3 | 3BR,2BA | $0.88 |
| Country Club Estates | 3 Bedroom 2 Bathroom | 3BR,2BA | $0.93 |
| Osceola Heights by Kading | Villa | 3BR,1BA | $1.00 |
| Summit House Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.95 |
| Brittany Village | 2 Bd | 2BR,1BA | $1.14 |
| Luma Terrace Apartment | 2 Bed 1 Bath | 2BR,1BA | $1.07 |
| Cottonwood Creek | One Bedroom | 1BR,1BA | $1.10 |
| Clarinda West Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.28 |
| Timber Creek Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.23 |
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.
Read ArticleReal 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.
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 50 Apartments for Rent in Albany, MO with pricing that ranges from $550 to $3,262. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $345 to $2,545.
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 $2,545 with an average monthly rent of $1,330.
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

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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.

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.