101 N Mill St
Lake MillsIA50450
Cheap Homes for Rent in Albert Lea, MN from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Albert Lea.
1506 7th St SE
AustinMN55912
306 State Ave
OwatonnaMN55060
121 Main St S
Grand MeadowMN55936
303 Chestnut St
OsageIA50461
302 19th St NE
AustinMN55912
621 Oak St
OsageIA50461
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.
815 N 4th St
MankatoMN56001
103 Main St E
Clarks GroveMN56016
1111 4th St NW
AustinMN55912
950 S 3rd Ave
Albert LeaMN56007
614 10th St NE
AustinMN55912
416 State St
West ConcordMN55985
1206 10th 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 | $1,427 | $1,050 | $2,050 |
| Albert Lea 3 Bedroom Homes for Rent | $1,660 | $1,125 | $2,395 |
| Albert Lea 4 Bedroom Homes for Rent | $2,077 | $1,950 | $2,205 |
| 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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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 |
| Skye Lofts Apartments | 1 Bedroom Unit | 1BR,1BA | $790 |
| City Center Kent Apartments | 1 Bedroom | 1BR,1BA | $800 |
| 221 Main St. | 221 Main St. - 05 | 1BR,1BA | $825 |
Best Value Apartments for Rent in Albert Lea, MN and Nearby
As of July 23, 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 2B 1011 sq. ft. Model at Park Plaza Apartments starting at $1,430 with a $1.41 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 |
| Park Plaza Apartments | 2B 1011 sq. ft. | 2BR,1BA | $1.41 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $0.97 |
| GRAY GABLES OF ALBERT LEA | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.07 |
| Kee Valley Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.14 |
| CityView Apartments | 2 Bed / 1 Bath | 2BR,1BA | $1.10 |
| 709 Marshall St | 709 Marshall St | 1BR,1BA | $1.28 |
| 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
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
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 72 Apartments for Rent in Albert Lea, MN with pricing that ranges from $500 to $2,830. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albert Lea ranging from $630 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 $630 to $3,200 with an average monthly rent of $1,711.
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 $1,125 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,950 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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.