107 Main St E
Clarks GroveMN56016
Cheap Homes for Rent in Albert Lea, MN from $825 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Albert Lea.
101 N Mill St
Lake MillsIA50450
802 9th Ave SE
AustinMN55912
607 S Main St
WinnebagoMN56098
815 N 4th St
MankatoMN56001
104 Main St S
Grand MeadowMN55936
930 S Broadway Ave
Albert LeaMN56007
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
701 Water St
Albert LeaMN56007
621 Oak St
OsageIA50461
1111 4th St NW
AustinMN55912
121 Main St S
Grand MeadowMN55936
912 2nd Ave NE
AustinMN55912
606 S Main St
Blue EarthMN56013
1207 9th St NE
AustinMN55912
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Showing Results 1-14, 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 a home in Albert Lea?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albert Lea 2 Bedroom Homes for Rent | $1,331 | $895 | $2,050 |
| Albert Lea 3 Bedroom Homes for Rent | $1,656 | $1,095 | $3,600 |
| Albert Lea 4 Bedroom Homes for Rent | $2,098 | $1,495 | $2,850 |
| Albert Lea 5 Bedroom Homes for Rent | $2,050 | $1,600 | $2,500 |
| Albert Lea 6 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Explore 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 Studio unit found at Key Apartments priced from $500. 18 S Adams Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Albert Lea apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Key Apartments | Efficiency | Studio,1BA | $500 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $525 |
| GRAY GABLES OF ALBERT LEA | 1 Bedroom 1 Bathroom | 1BR,1BA | $759 |
| Skye Lofts Apartments | One Bedroom Unit | 1BR,1BA | $790 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $800 |
Best Value Apartments for Rent in Albert Lea, MN and Nearby
As of September 07, 2026 the best value apartment in the Albert Lea area is the $1.10 price per square foot 2BR/1.5BA Model at Skye Lofts Apartments in the starting from $1,500. The second greatest value Albert Lea apartment is the C Model at Radel Court starting at $1,375 with a $1.46 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 | 2BR/1.5BA | 2BR,1.5BA | $1.10 |
| Radel Court | C | 2BR,1BA | $1.46 |
| Halter Vista Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.15 |
| Lincoln Apartments LLC | Apt. 08 | 2BR,1BA | $1.46 |
| CityView Apartments | 2 Bed / 1 Bath | 2BR,1BA | $1.10 |
| Webster Apartments | Apt. 01 | 2BR,1BA | $1.50 |
| GRAY GABLES OF ALBERT LEA | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.16 |
| 221 Main St. | 221 Main St. - 05 | 1BR,1BA | $1.32 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $1.33 |
| 18 S Adams Ave | One Bedroom | 1BR,1BA | $0.95 |
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 Article
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.
Read ArticleReal 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
Lakeview Elementary School
Albert Lea Public School District
Public School - Grades PK-5 (400)
6 out of 10
Albert Lea Senior High School
Albert Lea Public School District
Public School - Grades 6-12 (1196)
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 Albert Lea
What type of rentals are currently available in Albert Lea?
There are currently 74 Apartments for Rent in Albert Lea, MN with pricing that ranges from $500 to $2,830. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albert Lea ranging from $825 to $3,600.
What is the current price range for Rental Homes in Albert Lea?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Albert Lea ranges from $825 to $3,600 with an average monthly rent of $1,496.
How much are larger Three and Four Bedroom Rentals in Albert Lea?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Albert Lea range from $935 to $2,459, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $937.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.