108 Main St N
Grand MeadowMN55936
Cheap Homes for Rent in Albert Lea, MN from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Albert Lea.
702 E Main St
Albert LeaMN56007
110 S 4th Ave W
Lake MillsIA50450
207 E 4th St
Albert LeaMN56007
121 Clinton St
AustinMN55912
262 S Pearl St
Albert LeaMN56007
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.
1203 11th St NW
AustinMN55912
303 Chestnut St
OsageIA50461
1102 3rd St NW
AustinMN55912
1102 3rd St NW
AustinMN55912
913 Abbott St, Unit 202
913 Abbott St
Albert LeaMN56007
240 E Rice St
OwatonnaMN55060
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.
Showing Results 1-12, 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 | $1,252 | $850 | $2,050 |
| Albert Lea 3 Bedroom Homes for Rent | $1,617 | $1,000 | $2,100 |
| Albert Lea 4 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
| 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.
Browse Top Homes for Rent in Albert Lea
Explore Albert Lea
Albert Lea, MN Local Guide
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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 |
| CityView Apartments | Studio | Studio,1BA | $650 |
| GRAY GABLES OF ALBERT LEA | 1 Bedroom 1 Bathroom | 1BR,1BA | $759 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $800 |
Best Value Apartments for Rent in Albert Lea, MN and Nearby
As of June 08, 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 $1,395 with a $1.22 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 | $1.22 |
| Pebble Creek Apartments | 3 Bedroom 1.5 Bathrooms | 3BR,1.5BA | $1.03 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| Northern Place Apartments | Two Bed + Den | 2BR,1BA | $1.18 |
| Kee Valley Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.14 |
| CityView Apartments | 2 bedroom | 2BR,1BA | $1.08 |
| GRAY GABLES OF ALBERT LEA | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.16 |
| 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
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.
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 Albert Lea
What type of rentals are currently available in Albert Lea?
There are currently 69 Apartments for Rent in Albert Lea, MN with pricing that ranges from $500 to $2,830. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albert Lea ranging from $650 to $3,200.
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 $650 to $3,200 with an average monthly rent of $1,676.
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 $2,509, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,100. Four Bedroom Single-Family rentals are also available starting from $2,250 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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
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.