
Cheap Apartments for Rent in Albert Lea, MN from $400 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Albert Lea.


CityView Apartments

719 Cedar Ave

415 W Main St, Unit 415

Skye Lofts Apartments
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.

Shalom Tower II

Key Apartments
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.

City Center Kent Apartments

18 S Adams Ave

Meadow Lake of Clear Lake Apartments

Pebble Creek Apartments

Northern Place Apartments

815 9th Ave SE
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.
Albert Lea, MN Local Guide

How much does it cost to rent an apartment in Albert Lea?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albert Lea Studio Apartments | $938 | $405 | $1,275 |
Albert Lea 1 Bedroom Apartments | $1,162 | $495 | $1,790 |
Albert Lea 2 Bedroom Apartments | $1,495 | $750 | $2,650 |
Albert Lea 3 Bedroom Apartments | $1,427 | $935 | $1,970 |
Albert Lea 4 Bedroom Apartments | $937 | $937 | $937 |
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Albert Lea, MN Local Guide
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Cheapest Available Albert Lea Apartments for Rent and Nearby
 The cheapest available apartment rental in Albert Lea, MN is a Studio unit found at Shalom Tower II priced from $405. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Albert Lea apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Shalom Tower II | Tower I Efficiency | Studio,1BA | $405 |
Key Apartments | Efficiency | Studio,1BA | $450 |
City Center Kent Apartments | Studio | 1BR,1BA | $495 |
18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
CityView Apartments | Studio | Studio,1BA | $625 |
Best Value Apartments for Rent in Albert Lea, MN and Nearby
As of July 21, 2025 the best value apartment in the Albert Lea area is the $1.36 price per square foot 2 Bedroom w/ Den Model at Skye Lofts Apartments in the starting from $1,900. The second greatest value Albert Lea apartment is the Apt. 28 Model at Lincoln Apartments LLC starting at $1,105 with a $1.23 price per square foot . Here is today’s list of the best values for Albert Lea apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Skye Lofts Apartments | 2 Bedroom w/ Den | 2BR,1BA | $1.36 |
Lincoln Apartments LLC | Apt. 28 | 1BR,1BA | $1.23 |
Irish Hospital Apartments | Unit 1 | 2BR,1BA | $1.38 |
Parkview Place | Parkview 2 bed | 2BR,1BA | $1.37 |
City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $0.74 |
Shalom Tower II | Tower II - One Bedroom | 1BR,1BA | $0.70 |
Webster Apartments | Apt. 10 | 2BR,1BA | $1.37 |
Northern Place Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.22 |
18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
Key Apartments | Efficiency | Studio ,1BA | $1.50 |
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Best Local Schools in Albert Lea, MN
Albert LEA Senior High
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Albert Lea, MN
Walk Score®
43 / 100
Car-Dependent
Most errands require a car
Bike Score®
43 / 100
Somewhat Bikeable
Minimal 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 Albert Lea Apartments
What is the Cheapest Studio apartment in Albert Lea?
Currently the most affordable Cheap Studio Apartment in Albert Lea is at Shalom Tower II listed at $405.
How much is rent for a Cheap One Bedroom Albert Lea Apartment?
The lowest price for a Cheap One Bedroom Albert Lea Apartment is $495 at City Center Kent Apartments.
What is the lowest price for a Cheap Two Bedroom Albert Lea Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Albert Lea is starting from $825 at CityView Apartments.
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.