521-563 SE Madison St
AlbanyOR97321
Cheap Apartments for Rent in Albany, OR from $900 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Albany.
827-839 SW 11th Ave
AlbanyOR97321
810 18th Ave SW
AlbanyOR97321
1105 1st Ave
AlbanyOR97321
432 Ermine St SE
AlbanyOR97321
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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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.
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The 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.
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Showing Results 1-19, Page 1 of 1
Albany, OR Local Guide
ATI Northwest Arts and Air Festival in Albany by Kirt Edblom is licensed under CC BY 2.0
How much does it cost to rent an apartment in Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Albany Studio Apartments | $1,480 | $1,410 | $1,590 |
| Cheap Albany 1 Bedroom Apartments | $1,539 | $1,000 | $1,890 |
| Cheap Albany 2 Bedroom Apartments | $1,772 | $1,250 | $2,400 |
| Cheap Albany 3 Bedroom Apartments | $2,073 | $1,495 | $2,300 |
Browse Top Apartments in Albany
See all Apartments in AlbanyExplore Albany
Albany, OR Local Guide
Written By:
Justin HabersaatEditing Staff
- Albany Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Albany, OR
Pricing Updated: 09/11/2025Current apartment rentals in the Albany, OR area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Albany Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Albany | $1,495 | $1,000 | 4 |
| Monteith | $1,495 | $1,000 | 4 |
| Clover Ridge Station | $2,167 | $1,295 | 28 |
| Hackleman | $2,275 | $1,000 | 18 |
Cheapest Available Albany Apartments for Rent
The cheapest available apartment rental in Albany, OR is a 1 Bed unit found at Cottonwood Manor in the Hackleman neighborhood priced from $1,075. Timber Ridge Place Apartment Homes in the Clover Ridge Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,410. Here is today’s list of the most affordable Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cottonwood Manor | 1x1 | 1BR,1BA | $1,075 |
| Timber Ridge Place Apartment Homes | Agate (Timberridge) | Studio,1BA | $1,410 |
| Queen Court Apartments | 1x1 | 1BR,1BA | $1,450 |
| Albany Meadows Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1,450 |
| The Banks | Pebble Studio | Studio,1BA | $1,495 |
Best Value Apartments for Rent in Albany, OR
As of September 12, 2025 the best value apartment in the Albany area is the $1.56 price per square foot Renovated Townhome Model at Lakeside Manor Townhomes in the in the Clover Ridge Station neighborhood starting from $1,550. The second greatest value Albany apartment is the 2 Bedroom, 1 Bath Model at Albany Meadows Apartments starting at $1,450 with a $1.53 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. |
|---|---|---|---|
| Lakeside Manor Townhomes | Renovated Townhome | 2BR,1.5BA | $1.56 |
| Albany Meadows Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.53 |
| Cottonwood Manor | 2x2 | 2BR,2BA | $1.70 |
| Plumtree Apartments | 1x1 - Phase II | 1BR,1BA | $2.07 |
| Eagle Pointe Apartments | 1 Bed 1 Bath | 1BR,1BA | $2.20 |
| Queen Court Apartments | 1x1 | 1BR,1BA | $2.07 |
| Creekside Meadows | 1x1B | 1BR,1BA | $2.46 |
| The Banks | Pebble Studio | Studio ,1BA | $2.71 |
| Timber Ridge Place Apartment Homes | Agate (Timberridge) | Studio ,1BA | $2.57 |
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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
Liberty Elementary School
Greater Albany Public School District 8j
Public School - Grades K-5 (317)
8 out of 10
West Albany High School
Greater Albany Public School District 8j
Public School - Grades 9-12 (1250)
9 out of 10
Timber Ridge School
Greater Albany Public School District 8j
Public School - Grades 3-8 (674)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Albany, OR Rentals by Map
See the most popular apartments and homes in Albany, OR
Getting Around Albany, OR
Walk Score®
53 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
60 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Timber Ridge Place Apartment Homes listed at $1,410.
How much is rent for a Cheap One Bedroom Albany Apartment?
The lowest price for a Cheap One Bedroom Albany Apartment is $1,075 at Cottonwood Manor.
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 $1,275 at Cottonwood Manor.
What is the most affordable Albany Three Bedroom Apartment?
The best deal on a cheap Albany Three Bedroom Apartment rental is at Timber Ridge Place Apartment Homes and starts from $2,260.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
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.
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.
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.