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Cheap Apartments for Rent in Albany, OR from $600 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in Albany.
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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The Art of the Rental Viewing: What to look for during a property tour
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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 | $1,442 | $1,410 | $1,525 |
| Cheap Albany 1 Bedroom Apartments | $1,578 | $1,325 | $1,890 |
| Cheap Albany 2 Bedroom Apartments | $1,776 | $1,395 | $2,400 |
| Cheap Albany 3 Bedroom Apartments | $2,071 | $1,595 | $2,395 |
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: 06/12/2025Current 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 | $1,995 | $1,395 | 2 |
| Monteith | $1,995 | $1,395 | 2 |
| Clover Ridge Station | $2,205 | $1,325 | 32 |
| Hackleman | $2,275 | $1,395 | 26 |
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 |
| Creekside Meadows | 1x1-ADA | 1BR,1BA | $1,425 |
Best Value Apartments for Rent in Albany, OR
As of June 13, 2025 the best value apartment in the Albany area is the $1.59 price per square foot 2Bedroom, 1 Bath Remodeled W/Fence Model at Albany Meadows Apartments in the starting from $1,500. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Albany Meadows Apartments | 2Bedroom, 1 Bath Remodeled W/Fence | 2BR,1BA | $1.59 |
| Cape Lee Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.70 |
| The Banks Apartments | Canoe | 1BR,1BA | $2.25 |
| Cottonwood Manor | 2x2 | 2BR,2BA | $1.70 |
| Eagle Pointe Apartments | 1 Bed 1 Bath | 1BR,1BA | $2.20 |
| Plumtree Apartments | 1x1 - Phase I | 1BR,1BA | $2.05 |
| Queen Court Apartments | 1x1 | 1BR,1BA | $2.07 |
| Creekside Meadows | 1x1B | 1BR,1BA | $2.45 |
| 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)
7 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)
7 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
Albany, OR Apartments MapAlbany, OR Rental Homes MapGetting 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
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 Cape Lee Apartments and starts from $1,695.
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.