
Cheap Homes for Rent in Albany, OR from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Albany.


205 6th Ave SW

2901 Waverly Dr SE

1525 7th Ave SW, Unit #1
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.

627 3rd St SE

3151 N Shore Dr SE

1101 Century Dr NE
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.
Albany, OR Local Guide

How much does it cost to rent a home in Albany?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albany 2 Bedroom Homes for Rent | $1,697 | $1,295 | $2,450 |
Albany 3 Bedroom Homes for Rent | $2,384 | $1,800 | $3,000 |
Albany 4 Bedroom Homes for Rent | $2,613 | $2,100 | $3,000 |
Browse Top Homes for Rent in Albany
Explore Albany
Albany, OR Local Guide
- Albany Neighborhoods
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Cheapest Neighborhoods for Apartments in Albany, OR
Pricing Updated: 10/02/2025Current 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 |
---|---|---|---|
Monteith | $1,597 | $850 | 5 |
Downtown Albany | $1,600 | $850 | 5 |
Clover Ridge Station | $2,182 | $1,295 | 30 |
Hackleman | $2,245 | $850 | 19 |
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. Sheridan Plaza in the Monteith neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,295. 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 |
Sheridan Plaza | 2 Beds, 1 Baths | 2BR,1BA | $1,295 |
Queen Court Apartments | 1x1 | 1BR,1BA | $1,350 |
Best Value Apartments for Rent in Albany, OR
As of October 02, 2025 the best value apartment in the Albany area is the $1.88 price per square foot River (Timberridge) Model at Timber Ridge Place Apartment Homes in the in the Clover Ridge Station neighborhood starting from $2,260. The second greatest value Albany apartment is the 2 Bedroom, 1 Bath Fully Remodeled W/Fence Model at Albany Meadows Apartments starting at $1,500 with a $1.59 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. |
---|---|---|---|
Timber Ridge Place Apartment Homes | River (Timberridge) | 3BR,2BA | $1.88 |
Albany Meadows Apartments | 2 Bedroom, 1 Bath Fully Remodeled W/Fence | 2BR,1BA | $1.59 |
Sheridan Plaza | 2 Beds, 1 Baths | 2BR,1BA | $1.50 |
Cottonwood Manor | 2x2 | 2BR,2BA | $1.70 |
Plumtree Apartments | 1x1 - Phase II | 1BR,1BA | $2.05 |
Eagle Pointe Apartments | 1 Bed 1 Bath | 1BR,1BA | $2.20 |
Queen Court Apartments | 1x1 | 1BR,1BA | $1.93 |
Creekside Meadows | 1x1B | 1BR,1BA | $2.46 |
The Banks | Pebble Studio | Studio ,1BA | $2.77 |
Quick Rent Budget Calculator
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Best Local Schools in Albany, OR
Liberty Elementary School
West Albany High School
Timber Ridge School
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
Frequently Asked Questions about Albany
What type of rentals are currently available in Albany?
There are currently 159 Apartments for Rent in Albany, OR with pricing that ranges from $850 to $2,400. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $1,295 to $3,000.
What is the current price range for Rental Homes in Albany?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Albany ranges from $1,295 to $3,000 with an average monthly rent of $2,007.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.