Cheap Apartments for Rent in Albany, OR from $1,000 (56 Rentals)

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Search the lowest-cost Apartments available for rent right now in Albany.

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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property at 1825 17th Ave

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495
Total Monthly Price
$1,495

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1825 17th Ave

AlbanyOR97322

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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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
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Cottonwood Manor
1 to 2 Bedroom Apartments

Cottonwood Manor

1081 Chicago St SEAlbany, OR 97322

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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Sheridan Plaza
1 to 2 Bedroom Apartments

Sheridan Plaza

208 5th Ave SEAlbany, OR 97321
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Waverly Square
1 to 3 Bedroom Apartments

Waverly Square

1505 Waverly Dr SEAlbany, OR 97322
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Marion Commons
2 to 3 Bedroom Apartments

Marion Commons

2220 Jackson St SEAlbany, OR 97322
  • Utilities Included
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Park Village
2 to 3 Bedroom Apartments

Park Village

525 24th Ave SEAlbany, OR 97322
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Sunrise Pointe
1 to 3 Bedroom Apartments

Sunrise Pointe

3202-3380 Jackson St SEAlbany, OR 97322
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Sunrise Park
2 to 4 Bedroom Apartments

Sunrise Park

1210 Pine Meadow Dr SEAlbany, OR 97322

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

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: 04/28/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Albany$1,822$1,2458
Hackleman$1,822$1,24536
Monteith$1,822$1,2458
Clover Ridge Station$2,195$1,24560

Cheapest Available Albany Apartments for Rent

 

The cheapest available apartment rental in Albany, OR is a 1 Bed unit found at #314 THE MAPLES APARTMENTS priced from $1,375. 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 $1,399. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
#314 THE MAPLES APARTMENTS1 Bedroom1BR,1BA$1,375
Timber Ridge Place Apartment HomesAgate (Timberridge)Studio,1BA$1,399
Meadows ApartmentsMEA 2X1 NO WD HOOKUPS2BR,1BA$1,405
Queen Court Apartments1x11BR,1BA$1,450
Creekside Meadows1x1B1BR,1BA$1,455
The BanksPebble StudioStudio,1BA$1,465
Riverbend ApartmentsOne-Bedroom One-Bathroom - Mt. Bachelor 684 SF1BR,1BA$1,479
Eagle Pointe Apartments- Resort-Style Living in Albany1 Bed 1 Bath1BR,1BA$1,490
Cape Lee Apartments2 Beds, 1 Baths2BR,1BA$1,495
Plumtree Apartments1x1 - Phase II1BR,1BA$1,495

Best Value Apartments for Rent in Albany, OR

As of April 28, 2026 the best value apartment in the Albany area is the $1.73 price per square foot 2 Bedroom 1.5 Bath - 50085 Model at Salem Crossings in the in the Clover Ridge Station neighborhood starting from $1,725. The second greatest value Albany apartment is the 2 Beds, 1 Baths Model at Cape Lee Apartments starting at $1,495 with a $1.70 price per square foot in the Clover Ridge Station 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.
Salem Crossings2 Bedroom 1.5 Bath - 500852BR,1.5BA$1.73
Cape Lee Apartments2 Beds, 1 Baths2BR,1BA$1.70
#314 THE MAPLES APARTMENTS1 Bedroom1BR,1BA$1.72
Meadows ApartmentsMEA 2X1 W/STACKABLE WD2BR,1BA$1.88
Eagle Pointe Apartments- Resort-Style Living in Albany1 Bed 1 Bath1BR,1BA$2.05
Plumtree Apartments1x1 - Phase II1BR,1BA$2.05
Queen Court Apartments1x11BR,1BA$2.07
Riverbend ApartmentsOne-Bedroom One-Bathroom - Mt. Bachelor 684 SF1BR,1BA$2.16
Creekside Meadows1x1B1BR,1BA$2.37
Timber Ridge Place Apartment HomesAgate (Timberridge)Studio ,1BA$2.55

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.

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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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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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Cash 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.

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Quick 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.

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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

School data provided by Great Schools

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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Albany, OR Apartments Map
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Albany, OR Rental Homes Map

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 $1,375 at #314 THE MAPLES APARTMENTS.

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 $1,405 at Meadows Apartments.

What is the most affordable Albany Three Bedroom Apartment?

The best deal on a cheap Albany Three Bedroom Apartment rental is at Eagle Pointe Apartments- Resort-Style Living in Albany and starts from $2,180.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.