
Cheap Apartments for Rent in Albert Lea, MN from $400 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Albert Lea.


CityView Apartments

Skye Lofts Apartments
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.

719 Cedar Ave

Shalom Tower II
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.

Key Apartments

City Center Kent Apartments

18 S Adams Ave

Flats on 21

The River Apartments & Townhomes

Meadow Lake of Clear Lake Apartments
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Pebble Creek Apartments

107 Fletcher Dr
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 | $903 | $405 | $1,364 |
Albert Lea 1 Bedroom Apartments | $1,150 | $495 | $1,790 |
Albert Lea 2 Bedroom Apartments | $1,463 | $725 | $2,690 |
Albert Lea 3 Bedroom Apartments | $1,510 | $935 | $1,905 |
Albert Lea 4 Bedroom Apartments | $937 | $937 | $937 |
Browse Top Apartments in Albert Lea
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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 |
The River Apartments & Townhomes | Studio Apartment | Studio,1BA | $729 |
Best Value Apartments for Rent in Albert Lea, MN and Nearby
As of September 06, 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 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments starting at $1,150 with a $1.03 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 |
Pebble Creek Apartments | 3 Bedroom 1.5 Bathrooms | 3BR,1.5BA | $1.03 |
Dodger 56, LLC | 2 Bedroom 2 Bath | 2BR,2BA | $1.25 |
Lincoln Apartments LLC | Apt. 29 | 2BR,1BA | $1.26 |
Meadow Lake of Clear Lake Apartments | 2 Bedroom 1.5 Bathroom | 2BR,1.5BA | $1.03 |
GRAY GABLES OF ALBERT LEA | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.07 |
City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $0.74 |
Shalom Tower II | Tower II - One Bedroom | 1BR,1BA | $0.70 |
CityView Apartments | 1 bedroom | 1BR,1BA | $0.98 |
18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
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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 $855 at Meadow Lake of Clear Lake 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 Northern Place Apartments and starts from $1,100.
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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.