Cheap Apartments for Rent in Albany, OR from $1,100 (60 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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Creekside Meadows
Rent Specials
$1,510 - $2,095

Total Monthly Price

Base Rent$1,510 - $2,095
Total Monthly Price$1,510 - $2,095
1 to 2 Bedroom Apartments Available Now

Creekside Meadows

1755 Geary St SEAlbany, OR 97322
Affordability
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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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Santiam Terrace
Studio to 1 Bedroom Apartments

Santiam Terrace

855 Chicago St SEAlbany, OR 97322
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Cottonwood Manor
1 to 2 Bedroom Apartments

Cottonwood Manor

1081 Chicago St SEAlbany, OR 97322
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3410 Pacific Blvd SW
1 to 2 Bedroom Apartments

3410 Pacific Blvd SW

3410 Pacific Blvd SWAlbany, OR 97321
  • Utilities Included
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Meadow Green
2 Bedroom Apartments

Meadow Green

462 SE 26th Ave SEAlbany, OR 97322
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Willett Apartments
1 to 2 Bedroom Apartments

Willett Apartments

808-838 Queen Ave SEAlbany, OR 97322
  • Utilities Included

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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903
1 Bedroom Apartments

903

2215 Elm St SWAlbany, OR 97321
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Waverly Square
1 to 3 Bedroom Apartments

Waverly Square

1505 Waverly Dr SEAlbany, OR 97322
property at 208 SE 5th Ave
$1,250
1 Bedroom Rentals
Available Now
Affordability

208 SE 5th Ave

AlbanyOR97321
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Sheridan Plaza
1 to 2 Bedroom Apartments

Sheridan Plaza

208 5th Ave SEAlbany, OR 97321
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Marion Commons
2 to 3 Bedroom Apartments

Marion Commons

2220 Jackson St SEAlbany, OR 97322
  • 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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475-18th Ave SE
2 Bedroom Apartments

475-18th Ave SE

910 18th Ave SEAlbany, OR 97322
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Sunrise Pointe
1 to 3 Bedroom Apartments

Sunrise Pointe

3202-3380 Jackson St SEAlbany, OR 97322

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, OR Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Albany, OR

Pricing Updated: 09/10/2026

Current apartment rentals in the Albany, OR area range in price from $1,100 to $9,038 with an overall median price of $2,042. Here is today’s list neighborhoods with the lowest median pricing for Albany Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hackleman$1,587$1,10016
Clover Ridge Station$1,627$1,40530
Monteith$5,318$1,1003
Downtown Albany$5,335$1,1003

Cheapest Available Albany Apartments for Rent

 

The cheapest available apartment rental in Albany, OR is a 1 Bed unit found at 903 in the Monteith neighborhood priced from $1,200. 475-18th Ave SE in the Monteith neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,450. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
9031BR/1.0BA1BR,1BA$1,200
475-18th Ave SE2x12BR,1BA$1,450
Riverbend ApartmentsOne-Bedroom One-Bathroom - Mt. Bachelor 684 SF1BR,1BA$1,479
Cape Lee Apartments2 Beds, 1 Baths2BR,1BA$1,495
Creekside Meadows1x1B1BR,1BA$1,510
Salem Crossings2 Bedroom 1.5 Bath - 824452BR,1BA$1,545
Albany Meadows Apartments2Bedroom, 1 Bath Remodeled W/Fence2BR,1BA$1,575
Plumtree Apartments1x11BR,1BA$1,580
Eagle Pointe1x11BR,1BA$1,595

Best Value Apartments for Rent in Albany, OR

As of September 10, 2026 the best value apartment in the Albany area is the $1.64 price per square foot Rogue Three Bedroom Model at The Banks in the in the Hackleman neighborhood starting from $2,205. The second greatest value Albany apartment is the 533 4th Ave SW Model at 533 4th Ave SW, Unit 201 starting at $1,800 with a $1.64 price per square foot in the Monteith 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.
The BanksRogue Three Bedroom3BR,2BA$1.64
533 4th Ave SW, Unit 201533 4th Ave SW2BR,2BA$1.64
Salem Crossings2 Bedroom 1.5 Bath - 791002BR,1.5BA$1.61
Albany Meadows Apartments2 Bedroom, 1 Bath Fully Remodeled W/Fence2BR,1BA$1.67
2549 Sherman St SE2549 Sherman St SE2BR,1BA$1.75
Cape Lee Apartments2 Beds, 1 Baths2BR,1BA$1.70
475-18th Ave SE2x12BR,1BA$1.68
Plumtree Apartments1x11BR,1BA$2.17
Eagle Pointe1x11BR,1BA$2.19
9031BR/1.0BA1BR,1BA$2.19

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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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Albany Overview

A hub of farming and manufacturing in the great state of Orgeon, Albany is a charming hot spot destined to be a hit among a variety of lifestyles. Situated near both the Willamette and Calapooia Rivers, this scenic and welcoming destination is an excellent spot for anyone considering a new place to live in Oregon.

Why live in Albany, OR?

From public parks to a wide array of historic hotspots, life in Albany apartments is truly Oregon living at its best. Local schools consistently make the grade, and the city's long history of manufacturing in the grass seed and timber industries lends it a nature-loving ambiance all its own. From local farmer's markets to nightclub excitement, an apartment for rent in Albany offers much to many.

Best Local Schools in
Albany, OR

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

Explore Albany, OR Rentals by Map

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See the most popular apartments and homes in Albany, OR

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Frequently Asked Questions about Cheap Albany Apartments

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

The lowest price for a Cheap One Bedroom Albany Apartment is $1,200 at 903.

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 $1,450 at 475-18th Ave SE.

What is the most affordable Albany Three Bedroom Apartment?

The best deal on a cheap Albany Three Bedroom Apartment rental is at Albany Meadows Apartments and starts from $1,750.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.