
Cheap Homes for Rent in Albemarle, NC from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Albemarle.


5042 Oak Grove Church Rd

307 Leonard Ave

708 Union St S
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.

1022 Wood St

6240 Gravel Hill Rd

627 Colston St

3810 Vanderburg Dr
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.
Albemarle, NC Local Guide

How much does it cost to rent a home in Albemarle?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albemarle 2 Bedroom Homes for Rent | $1,381 | $950 | $2,200 |
| Albemarle 3 Bedroom Homes for Rent | $1,692 | $1,250 | $2,495 |
| Albemarle 4 Bedroom Homes for Rent | $2,241 | $1,830 | $2,500 |
| Albemarle 5 Bedroom Homes for Rent | $3,006 | $2,185 | $3,500 |
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Albemarle, NC Local Guide
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Cheapest Available Albemarle Apartments for Rent
 The cheapest available apartment rental in Albemarle, NC is a Studio unit found at Crestview Huntington in the Oak Crest neighborhood priced from $946. Waters Edge Apartment Homes (NC) in the Oak Crest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $955. Here is today’s list of the most affordable Albemarle apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crestview Huntington | Cypress | Studio,1BA | $946 |
| Waters Edge Apartment Homes (NC) | Studio - Waters Edge - 336 sqft | Studio,1BA | $955 |
| Kannan Station Apartment Homes | Studio | Studio,1BA | $990 |
Best Value Apartments for Rent in Albemarle, NC
As of May 08, 2026 the best value apartment in the Albemarle area is the $1.44 price per square foot B2B Model at Elevate The Grove in the starting from $1,775. The second greatest value Albemarle apartment is the 3 Bedroom 2 Bathroom Model at Courtyard on Main starting at $1,580 with a $1.35 price per square foot in the Davidson neighborhood. Here is today’s list of the best values for Albemarle apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Elevate The Grove | B2B | 2BR,2BA | $1.44 |
| Courtyard on Main | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.35 |
| The Bridges Of Cabarrus | Reduced rates equal 2 months free for a 12 mont... | 2BR,2BA | $1.23 |
| American Ave NE | 3BR/2.0BA | 3BR,2BA | $1.17 |
| Crown Point Luxury Apartments at Kingsport | 2x2 Deluxe-Call For Availability | 2BR,2BA | $1.34 |
| Northway at Woodcrest | Renovated | 3BR,1BA | $1.41 |
| Meadow Creek Townhomes | 2 Bedroom 1.5 Bath Garden Style Apartment Home | 2BR,1.5BA | $1.38 |
| Oak Ridge Duplexes | 2BR/1.5BA | 2BR,1.5BA | $1.31 |
| Beautiful Chesney Woods Townhomes | 2BR/1.5BA | 2BR,1.5BA | $1.22 |
| Davidson Apartment Homes | 2X2 (B2) | 2BR,2BA | $1.43 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Albemarle, NC
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Albemarle
What type of rentals are currently available in Albemarle?
There are currently 64 Apartments for Rent in Albemarle, NC with pricing that ranges from $946 to $2,474. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albemarle ranging from $575 to $3,500.
What is the current price range for Rental Homes in Albemarle?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Albemarle ranges from $575 to $3,500 with an average monthly rent of $1,779.
How much are larger Three and Four Bedroom Rentals in Albemarle?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Albemarle range from $1,392 to $1,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,495. Four Bedroom Single-Family rentals are also available starting from $1,830 and Four Bedroom Apartments start at $1,653.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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.

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.