209 S Pearl St
Albert LeaMN56007
Cheap Apartments for Rent in Albert Lea, MN from $400 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in Albert Lea.
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Rent Specials
$625 - $900
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityA-Lea Apartments
909 Janson StAlbert Lea, MN 56007
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$625 - $865
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowCityView Apartments
133 W William StAlbert Lea, MN 56007
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$790 - $2,325
Plus Fees
1 to 2 Bedroom Apartments Available NowSkye Lofts Apartments
1619 W Main StAlbert Lea, MN 56007
1516-1520 E Hawthorne St
Albert LeaMN56007
913 Abbott St, Unit 202
913 Abbott St
Albert LeaMN56007
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1 to 2 Bedroom Apartments
Northstar Apartments
820 S 4th AveAlbert Lea, MN 56007
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1 to 3 Bedroom Apartments
Hilltop Manor Apartments
826 S 4th AveAlbert Lea, MN 56007
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Studio to 2 Bedroom Apartments
Fountain Lake Estates
1702-1708 Sunset StAlbert Lea, MN 56007
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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1 to 3 Bedroom Apartments
GRAY GABLES OF ALBERT LEA
1908 Bridge AveAlbert Lea, MN 56007
702 E Main St
Albert LeaMN56007
207 E 4th St
Albert LeaMN56007
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2 to 3 Bedroom Apartments
Pickerel Park Townhomes
1825 W 9th StAlbert Lea, MN 56007
262 S Pearl St
Albert LeaMN56007
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$500 - $800Studio to 2 Bedroom Apartments Available Now
Key Apartments
600 N Kentucky AveMason City, IA 50401
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$525 - $6951 Bedroom Apartments Contact Us For Availability
18 S Adams Ave
18 S Adams AveMason City, IA 50401
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$689 - $1,766
Plus Fees
Studio to 2 Bedroom Apartments Available NowFlats on 21
1310 21st Ave NWAustin, MN 55912
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$730 - $1,0901 to 3 Bedroom Apartments Contact Us For Availability
Meadow Lake of Clear Lake Apartments
1109 Buddy Holly PlClear Lake, IA 50428
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.
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$795 - $1,1501 to 4 Bedroom Apartments Available Now
Pebble Creek Apartments
150 S Grover AveMason City, IA 50401
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$800 - $1,1001 to 2 Bedroom Apartments Available Now
City Center Kent Apartments
5 N Federal AveMason City, IA 50401
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Rent Specials
$810 - $1,705Studio to 3 Bedroom Apartments Available Now
The River Apartments & Townhomes
100 4th St SWMason City, IA 50401
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$860 - $1,285
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$795 - $1,220
Required Monthly Fees
$65
Total Monthly Price
$860 - $1,285
Northern Place Apartments
203 SW 31st StAustin, MN 55912
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$895 - $1,675Studio to 2 Bedroom Apartments Available Jul 15
1200 Jade Apartments
1200 Jade StClear Lake, IA 50428
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$900 - $930
Plus Fees1 Month Lease Term
1 to 2 Bedroom Apartments Available NowKee Valley Apartments
408 N Main StKiester, MN 56051
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$900 - $910
Plus Fees1 Month Lease Term
1 Bedroom Apartments Available NowBricelyn Plaza
314 N Main StBricelyn, MN 56014
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$9251 Bedroom Apartments Available Now
Irish Hospital Apartments
216 S Clark StForest City, IA 50436
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Rent Specials
$992 - $1,125Studio to 1 Bedroom Apartments Available Now
Pilgrim Place Senior Housing (62+)
741 S Illinois AveMason City, IA 50401
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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Rent Specials
$995 - $1,395
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$995 - $1,395
Total Monthly Price
$995 - $1,395
Radel Court
520 6th St SEllendale, MN 56026
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$1,020 - $1,560
Plus Fees
Studio to 2 Bedroom Apartments Available NowAire
525 Hillcrest Ave SEOwatonna, MN 55060
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$1,025 - $1,625
Plus Fees
Studio to 2 Bedroom Apartments Available Now111 Vine Apartments
111 Vine StOwatonna, MN 55060
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$1,035 - $1,150
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowWebster Apartments
403 12th St NEAustin, MN 55912
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$1,035 - $1,165
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,035 - $1,165
Total Monthly Price
$1,035 - $1,165
Lincoln Apartments LLC
911 5th Ave NEAustin, MN 55912
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$1,055
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityChambers Apartments
219-227 S Chambers AveOwatonna, MN 55060
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$1,095 - $1,295
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowClifton Apartments
1999 Hartle AveOwatonna, MN 55060
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1 Bedroom Apartments
Shalom Tower II
321 4th St NEMason City, IA 50401
108 Main St N
Grand MeadowMN55936
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.
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1 to 2 Bedroom Apartments
The Manor
4 3rd St NWMason City, IA 50401
110 S 4th Ave W
Lake MillsIA50450
121 Clinton St
AustinMN55912
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1 to 3 Bedroom Apartments
204 3rd Ave SE
204 3rd Ave SEMedford, MN 55049
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1 Bedroom Apartments
Grant Village
815-843 6th St SWMason City, IA 50401
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1 to 2 Bedroom Apartments
909 E Vine St
909 Vine St EOwatonna, MN 55060
1203 11th St NW
AustinMN55912
303 Chestnut St
OsageIA50461
1102 3rd St NW
AustinMN55912
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.
1102 3rd St NW
AustinMN55912
240 E Rice St
OwatonnaMN55060
Showing Results 1-47, Page 1 of 1
Albert Lea, MN Local Guide
Albert Lea Lake by Wendy Berry is licensed under CC BY 2.0
How much does it cost to rent an apartment in Albert Lea?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albert Lea Studio Apartments | $1,054 | $500 | $1,389 |
| Albert Lea 1 Bedroom Apartments | $1,245 | $525 | $1,719 |
| Albert Lea 2 Bedroom Apartments | $1,520 | $800 | $2,830 |
| Albert Lea 3 Bedroom Apartments | $1,548 | $935 | $2,509 |
| Albert Lea 4 Bedroom Apartments | $937 | $937 | $937 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Albert Lea
See all Apartments in Albert LeaExplore Albert Lea
Albert Lea, MN Local Guide
- Nearby Cities
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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 Key Apartments priced from $500. 18 S Adams Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Albert Lea apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Key Apartments | Efficiency | Studio,1BA | $500 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
| CityView Apartments | Studio | Studio,1BA | $650 |
| GRAY GABLES OF ALBERT LEA | 1 Bedroom 1 Bathroom | 1BR,1BA | $759 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $800 |
| The River Apartments & Townhomes | Studio Apartment | Studio,1BA | $825 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $860 |
| Kee Valley Apartments | 1 Bed, 1 bath | 1BR,1BA | $900 |
| Bricelyn Plaza | One bedroom | 1BR,1BA | $900 |
| A-Lea Apartments | B and C Buildings | 1BR,1BA | $900 |
Best Value Apartments for Rent in Albert Lea, MN and Nearby
As of June 08, 2026 the best value apartment in the Albert Lea area is the $1.09 price per square foot 2 Bedroom Loft Model at Skye Lofts Apartments in the starting from $1,490. The second greatest value Albert Lea apartment is the Two Bedroom Model at Apartments on Mound starting at $1,395 with a $1.22 price per square foot in the Downtown Owatonna neighborhood. 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 Loft | 2BR,1.5BA | $1.09 |
| Apartments on Mound | Two Bedroom | 2BR,1BA | $1.22 |
| Pebble Creek Apartments | 3 Bedroom 1.5 Bathrooms | 3BR,1.5BA | $1.03 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| Northern Place Apartments | Two Bed + Den | 2BR,1BA | $1.18 |
| Kee Valley Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.14 |
| CityView Apartments | 2 bedroom | 2BR,1BA | $1.08 |
| GRAY GABLES OF ALBERT LEA | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.16 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $1.33 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
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 Article
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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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.
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Best Local Schools in Albert Lea, MN
Albert LEA Senior High
Albert Lea Public School District
Public School - Grades 6-12 (1218)
6 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Albert Lea, MN Rentals by Map
See the most popular apartments and homes in Albert Lea, MN
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 Key Apartments listed at $500.
How much is rent for a Cheap One Bedroom Albert Lea Apartment?
The lowest price for a Cheap One Bedroom Albert Lea Apartment is $525 at 18 S Adams Ave.
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 $860 at Northern Place Apartments.
What is the most affordable Albert Lea Three Bedroom Apartment?
The best deal on a cheap Albert Lea Three Bedroom Apartment rental is at Pebble Creek Apartments and starts from $1,150.
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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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.