Cheap Homes for Rent in Albert Lea, MN from $900 (18 Rentals)

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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.

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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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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 May 11, 2025 the best value apartment in the Albert Lea area is the $0.79 price per square foot 3 Bedroom 1.5 Bathrooms Model at Pebble Creek Apartments in the starting from $907. The second greatest value Albert Lea apartment is the 2B 999 sq.ft. Model at Park Plaza Apartments starting at $1,400 with a $1.40 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pebble Creek Apartments3 Bedroom 1.5 Bathrooms3BR,1.5BA$0.79
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1.40
Irish Hospital ApartmentsUnit 12BR,1BA$1.35
Meadow Lake of Clear Lake Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.03
Lincoln Apartments LLCApt. 172BR,1BA$1.36
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Shalom Tower IITower II - One Bedroom1BR,1BA$0.70
Webster ApartmentsApt. 102BR,1BA$1.36
Northern Place Apartments1 Bed, 1 bath1BR,1BA$1.41
18 S Adams AveOne Bedroom1BR,1BA$0.95

Quick Rent Budget Calculator

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Frequently Asked Questions about Albert Lea

What type of rentals are currently available in Albert Lea?

There are currently 62 Apartments for Rent in Albert Lea, MN with pricing that ranges from $405 to $2,550. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albert Lea ranging from $900 to $2,700.

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 $900 to $2,700 with an average monthly rent of $1,463.

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 $1,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $937.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.