Cheap Apartments for Rent in Albany, OR from $1,000 (28 Rentals)

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

property at 2981 NE Kindsey Ln

$1,000

Total Monthly Price

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Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

2981 NE Kindsey Ln

AlbanyOR97321

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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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

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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Waverly Square
1 to 3 Bedroom Apartments

Waverly Square

1505 Waverly Dr SEAlbany, OR 97322
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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

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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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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Showing Results 1-28, Page 1 of 1

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: 07/27/2026

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
Clover Ridge Station$2,180$1,32536
Hackleman$2,295$1,27520
Downtown Albany$2,395$1,2755
Monteith$2,395$1,2755

Cheapest Available Albany Apartments for Rent

 

The cheapest available apartment rental in Albany, OR is a 2 Beds unit found at Park Village: CodePVTopShevMurr in the Monteith neighborhood priced from $1,400. 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 $1,430. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Village: CodePVTopShevMurr2BR/1.0BA2BR,1BA$1,400
Timber Ridge Place Apartment HomesAgate (Timberridge)Studio,1BA$1,430
Queen Court Apartments1x11BR,1BA$1,450
Salem Crossings2 Bedroom 1.5 Bath - 761512BR,1BA$1,545
Albany Meadows Apartments2Bedroom, 1 Bath Remodeled W/Fence2BR,1BA$1,575
Eagle Pointe1x11BR,1BA$1,605
Riverbend ApartmentsTwo-Bedroom Two-Bathroom - Mt. Sisters 952 SF2BR,2BA$1,629
Creekside Meadows2x2B2BR,2BA$1,750
Plumtree Apartments2x2A2BR,2BA$1,750
White Oak2x2A2BR,2BA$1,770

Best Value Apartments for Rent in Albany, OR

As of July 27, 2026 the best value apartment in the Albany area is the $1.66 price per square foot Deschutes Two Bedroom Model at The Banks in the in the Hackleman neighborhood starting from $1,999. The second greatest value Albany apartment is the 2 Bedroom 1.5 Bath - 50085 Model at Salem Crossings starting at $1,545 with a $1.61 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.
The BanksDeschutes Two Bedroom2BR,2BA$1.66
Salem Crossings2 Bedroom 1.5 Bath - 500852BR,1.5BA$1.61
Riverbend ApartmentsTwo-Bedroom Two-Bathroom - Mt. Sisters 952 SF2BR,2BA$1.71
Plumtree Apartments2x2A2BR,2BA$1.84
Albany Meadows Apartments2Bedroom, 1 Bath Remodeled W/Fence2BR,1BA$1.67
Sheridan Plaza2 Beds, 1 Baths2BR,1BA$1.50
Creekside Meadows2x2B2BR,2BA$2.04
Eagle Pointe1x11BR,1BA$2.20
White Oak1x11BR,1BA$2.07
Queen Court Apartments1x11BR,1BA$2.07

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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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 $1,450 at Queen Court 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 $1,400 at Park Village: CodePVTopShevMurr.

What is the most affordable Albany Three Bedroom Apartment?

The best deal on a cheap Albany Three Bedroom Apartment rental is at Eagle Pointe 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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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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.