Cheap Apartments for Rent in Albert Lea, MN from $400 (15 Rentals)

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Northstar Apartments
1 to 2 Bedroom Apartments

Northstar Apartments

820 S 4th AveAlbert Lea, MN 56007
  • Utilities Included

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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Fountain Lake Estates
Studio to 2 Bedroom Apartments

Fountain Lake Estates

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

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.

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.

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

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

As of October 23, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Skye Lofts Apartments2 Bedroom w/ Den2BR,1BA$1.36
Pebble Creek Apartments3 Bedroom 1.5 Bathrooms3BR,1.5BA$1.03
Dodger 56, LLC2 Bedroom 2 Bath2BR,2BA$1.25
Lincoln Apartments LLCApt. 282BR,1BA$1.23
GRAY GABLES OF ALBERT LEA2 Bedroom 1 Bathroom2BR,1BA$1.07
CityView Apartments2 bedroom2BR,1BA$1.08
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Shalom Tower IITower II - One Bedroom1BR,1BA$0.70
Webster ApartmentsApt. 102BR,1BA$1.37
18 S Adams AveOne Bedroom1BR,1BA$0.95

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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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.

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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

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 $860 at CityView 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 $1,150.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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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.