209 S Pearl St
Albert LeaMN56007
Cheap Apartments for Rent in Albert Lea, MN from $400 (33 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
1516-1520 E Hawthorne 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
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1 to 3 Bedroom Apartments
GRAY GABLES OF ALBERT LEA
1908 Bridge AveAlbert 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.
220 E 7th St
Albert LeaMN56007
702 E Main St
Albert LeaMN56007
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2 to 3 Bedroom Apartments
Pickerel Park Townhomes
1825 W 9th StAlbert Lea, MN 56007
821 Jefferson Ave
Albert LeaMN56007
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$405 - $5991 Bedroom Apartments Available Now
Shalom Tower II
321 4th St NEMason City, IA 50401
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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 - $1,666
Plus Fees
Studio to 2 Bedroom Apartments Available NowFlats on 21
1310 21st Ave NWAustin, MN 55912
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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$725 - $1,615Studio to 3 Bedroom Apartments Available Now
The River Apartments & Townhomes
100 4th St SWMason City, IA 50401
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$730 - $1,0901 to 3 Bedroom Apartments Available Now
Meadow Lake of Clear Lake Apartments
1109 Buddy Holly PlClear Lake, IA 50428
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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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$820 - $8841 to 2 Bedroom Apartments Available Now
The Manor
4 3rd St NWMason City, IA 50401
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$860 - $1,260
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$795 - $1,195
Required Monthly Fees
$65
Total Monthly Price
$860 - $1,260
Northern Place Apartments
203 SW 31st StAustin, MN 55912
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$895 - $1,675Studio to 2 Bedroom Apartments Available Now
1200 Jade Apartments
1200 Jade StClear Lake, IA 50428
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$900 - $910
Plus Fees1 Month Lease Term
1 Bedroom Apartments Available NowBricelyn Plaza
314 N Main StBricelyn, MN 56014
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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$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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Rent Specials
$992 - $1,125Studio to 1 Bedroom Apartments Available Now
Pilgrim Place Senior Housing (62+)
741 S Illinois AveMason City, IA 50401
302 Franke St
JoiceIA50446
101 Elm St
ClaremontMN55924
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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
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1 to 2 Bedroom Apartments
Irish Hospital Apartments
216 S Clark StForest City, IA 50436
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.
121 Main St S
Grand MeadowMN55936
Showing Results 1-33, 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 | $1,010 | $500 | $1,389 |
| Albert Lea 1 Bedroom Apartments | $1,264 | $405 | $1,719 |
| Albert Lea 2 Bedroom Apartments | $1,472 | $800 | $2,525 |
| Albert Lea 3 Bedroom Apartments | $1,611 | $935 | $2,514 |
| 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 1 Bed 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 $500. 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 | 1BR,1BA | $405 |
| Key Apartments | Efficiency | Studio,1BA | $500 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
| CityView Apartments | Studio | Studio,1BA | $650 |
| The River Apartments & Townhomes | Studio | Studio,1BA | $725 |
| GRAY GABLES OF ALBERT LEA | 1 Bedroom 1 Bathroom | 1BR,1BA | $759 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $800 |
| The Manor | 1bd 1 bth | 1BR,1BA | $820 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $860 |
| 1200 Jade Apartments | Studio | Studio,1BA | $895 |
Best Value Apartments for Rent in Albert Lea, MN and Nearby
As of April 24, 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 $1,295 with a $1.13 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 | $1.13 |
| Pebble Creek Apartments | 3 Bedroom 1.5 Bathrooms | 3BR,1.5BA | $1.03 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| Meadow Lake of Clear Lake Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.97 |
| Kee Valley Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.14 |
| Shalom Tower II | Tower II - One Bedroom | 1BR,1BA | $0.73 |
| CityView Apartments | 2 bedroom | 2BR,1BA | $1.08 |
| GRAY GABLES OF ALBERT LEA | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.16 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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.
Read ArticleCash 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.
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.
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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 $405 at Shalom Tower II.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.