Cheap Apartments for Rent in Albert Lea, MN from $400 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in Albert Lea.

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Northstar Apartments
1 Bedroom Apartments

Northstar Apartments

820 S 4th AveAlbert Lea, MN 56007
  • Utilities Included
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Fountain Lake Estates
1 to 2 Bedroom Apartments

Fountain Lake Estates

1702-1708 Sunset StAlbert Lea, MN 56007
  • Utilities Included

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.

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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.

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909 E Vine St
1 Bedroom Apartments

909 E Vine St

909 Vine St EOwatonna, MN 55060

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-31, Page 1 of 1

Albert Lea, MN Local Guide

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 ListingModel NameBed/BathPriced From
Shalom Tower IITower I EfficiencyStudio,1BA$405
Key ApartmentsEfficiencyStudio,1BA$450
City Center Kent ApartmentsStudio1BR,1BA$495
18 S Adams AveOne Bedroom1BR,1BA$525
CityView ApartmentsStudioStudio,1BA$625
Skye Lofts Apartments1 Bedroom Unit1BR,1BA$790
GRAY GABLES OF ALBERT LEA2 Bedroom 1 Bathroom2BR,1BA$839
The River Apartments & TownhomesStudio ApartmentStudio,1BA$845
Pilgrim Place Senior Housing (62+)Studio - Rent Based on IncomeStudio,1BA$896
Parkview PlaceParkview 1 bed1BR,1BA$900

Best Value Apartments for Rent in Albert Lea, MN and Nearby

As of June 04, 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 2 Bedroom 2 Bath Model at Dodger 56, LLC starting at $1,300 with a $1.25 price per square foot . Here is today’s list of the best values for Albert Lea apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skye Lofts Apartments2 Bedroom w/ Den2BR,1BA$1.36
Dodger 56, LLC2 Bedroom 2 Bath2BR,2BA$1.25
Meadow Lake of Clear Lake Apartments3 Bedroom 1.5 Bathroom3BR,1.5BA$1.02
Irish Hospital ApartmentsUnit 12BR,1BA$1.38
Lincoln Apartments LLCApt. 172BR,1BA$1.36
GRAY GABLES OF ALBERT LEA2 Bedroom 1 Bathroom2BR,1BA$1.01
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Shalom Tower IITower II - One Bedroom1BR,1BA$0.70
Webster ApartmentsApt. 102BR,1BA$1.36
18 S Adams AveOne Bedroom1BR,1BA$0.95

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Best Local Schools in
Albert Lea, MN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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Explore Albert Lea, MN Rentals by Map

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See the most popular apartments and homes in Albert Lea, MN

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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 $800 at Skye Lofts 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 Meadow Lake of Clear Lake Apartments and starts from $965.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.