
Cheap Homes for Rent near Alberta, MN from $400 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Alberta.


97 7th Ave S

511 Main Ave N

1624 8th St N

1612 8th St N

310 8th St N
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.

917 12th Ave NW

1652 8th St N

706 1st St S

1100 Elizabeth Ave SE

706 W Lincoln Ave

154 3rd Ave
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.
Alberta, MN Local Guide

How much does it cost to rent a home in Alberta?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alberta 2 Bedroom Homes for Rent | $1,003 | $400 | $1,450 |
| Alberta 3 Bedroom Homes for Rent | $1,682 | $1,005 | $2,550 |
| Alberta 4 Bedroom Homes for Rent | $3,050 | $2,400 | $3,850 |
| Alberta 5 Bedroom Homes for Rent | $3,200 | $2,500 | $3,800 |
Browse Top Homes for Rent in Alberta
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Alberta, MN Local Guide
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Cheapest Available Alberta Apartments for Rent and Nearby
 The cheapest available apartment rental in Alberta, MN is a 2 Beds unit found at Beardsley Apartments priced from $700. North Valley Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Alberta apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Beardsley Apartments | Two Bedroom | 2BR,1BA | $700 |
| North Valley Apartments | Efficiency | Studio,1BA | $700 |
| Spruce Place Apartments | 1 Bedroom | Spruce Place | 1BR,1BA | $710 |
| Wildwood Apartments | 1BR/1.0BA | 1BR,1BA | $725 |
| Eastside Acres | 1 Bed, 1 bath | 1BR,1BA | $761 |
Best Value Apartments for Rent in Alberta, MN and Nearby
As of August 27, 2026 the best value apartment in the Alberta area is the $1.34 price per square foot 3 Bedrooms, 2 full, 4541 Arbor Xing SE Model at Granite Manor/Runestone in the starting from $1,763. The second greatest value Alberta apartment is the Two Bedroom Model at Beardsley Apartments starting at $700 with a $0.58 price per square foot . Here is today’s list of the best values for Alberta apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Granite Manor/Runestone | 3 Bedrooms, 2 full, 4541 Arbor Xing SE | 3BR,2BA | $1.34 |
| Beardsley Apartments | Two Bedroom | 2BR,1BA | $0.58 |
| Broadway Garden Estates | 1 bedroom 1 bathroom | 1BR,1BA | $1.19 |
| Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Lakewood Apartments | 2 BD/1 BA | 2BR,1BA | $1.29 |
| Water Station Apartments | 1 bedroom | 1BR,1BA | $1.08 |
| Spruce Place Apartments | 2 Bedroom | Spruce Place | 2BR,1BA | $1.05 |
| Central Lakes | B.1 INCOME RESTRICTED | 1BR,1BA | $1.25 |
| Cascade Apartments | One Bedroom | 1BR,1BA | $1.33 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $1.23 |
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 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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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Alberta, MN Rentals by Map
See the most popular apartments and homes in Alberta, MN
Frequently Asked Questions about Alberta
What type of rentals are currently available in Alberta?
There are currently 67 Apartments for Rent in Alberta, MN with pricing that ranges from $700 to $2,500. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alberta ranging from $400 to $3,850.
What is the current price range for Rental Homes in Alberta?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Alberta ranges from $400 to $3,850 with an average monthly rent of $1,334.
How much are larger Three and Four Bedroom Rentals in Alberta?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Alberta range from $1,170 to $2,055, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,005 to $2,550. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $1,295.
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.

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.

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.