
Apartments for Rent in Albert Lea, MN Under $500 (2 Rentals)

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Shalom Tower II
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.
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 | $1,074 | $500 | $1,389 |
| Albert Lea 1 Bedroom Apartments | $1,234 | $405 | $1,719 |
| Albert Lea 2 Bedroom Apartments | $1,508 | $800 | $2,830 |
| Albert Lea 3 Bedroom Apartments | $1,528 | $935 | $2,509 |
| Albert Lea 4 Bedroom Apartments | $937 | $937 | $937 |
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Albert Lea, MN Local Guide
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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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Best Local Schools in Albert Lea, MN
Albert LEA Senior High
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Albert Lea
How much are Studio apartments in Albert Lea?
There are currently 18 Studio Apartments in Albert Lea with rent ranges from $500 to $1,389 with an average price of $1,074.
What is the current price range for One Bedroom Albert Lea Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Albert Lea ranges from $405 to $1,719 with an average monthly rent of $1,234.
What does renting a Two Bedroom Apartment in Albert Lea cost?
The monthly rent prices of Two Bedroom Apartments currently available in Albert Lea range from $800 to $2,830. Today's average rental price for Two Bedrooms here is $1,508.
How expensive are Albert Lea Three Bedroom Apartments?
There are currently 14 Three Bedroom Apartments listings available in Albert Lea on ApartmentHomeLiving.com. The pricing ranges from $935 to $2,509 - averaging $1,528 for the location.
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

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.

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.