Cheap Apartments for Rent in Albertville, MN from $500 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in Albertville.

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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.

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The Bluffs
$1,120 - $1,523
Total Monthly Price

Total Monthly Price

Base Rent
$1,105 - $1,508
Required Monthly Fees
$15

Total Monthly Price
$1,120 - $1,523
1 to 2 Bedroom Apartments Available Now

The Bluffs

700 7th St EMonticello, MN 55362
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  • Customer Reviewed
  • Utilities Included
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Jackson Hills Apartments
$1,189 - $1,882
Total Monthly Price

Total Monthly Price

Base Rent
$1,170 - $1,863
Required Monthly Fees
$19

Total Monthly Price
$1,189 - $1,882
Studio to 3 Bedroom Apartments Available Now

Jackson Hills Apartments

725 6th St NWElk River, MN 55330
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  • Customer Reviewed

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property at 11833 Frankfort Pkwy NE

$1,265 - $1,945

Total Monthly Price

Total Monthly Price

Base Rent
$1,265

Total Monthly Price
$1,265

Studio To 2 Bedroom Rentals

Available Jan 30

11833 Frankfort Pkwy NE

Saint MichaelMN55376
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Sugar Maples
1 to 3 Bedroom Apartments

Sugar Maples

21505-21515 Maple AveRogers, MN 55374
  • Utilities Included
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Jackson Place
1 to 2 Bedroom Apartments

Jackson Place

316 Jackson Ave NWElk River, MN 55330
  • Utilities Included
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Marketplace Crossing
1 to 3 Bedroom Apartments

Marketplace Crossing

16940 Marketplace DrBig Lake, MN 55309
  • Utilities Included

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Albertville, MN Local Guide

Cheapest Neighborhoods for Apartments in Albertville, MN

Pricing Updated: 01/25/2026

Current apartment rentals in the Albertville, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Albertville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Towne Lakes$1,870$1,07526

Cheapest Available Albertville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Albertville, MN is a Studio unit found at Elk River Lodge and Apartments in the Twin Lakes Estates neighborhood priced from $845. River Garden Apartments in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $948. Here is today’s list of the most affordable Albertville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elk River Lodge and ApartmentsStudioStudio,1BA$845
River Garden Apartments1 Bedroom1BR,1BA$948
The Bluffs1 Bedroom - Jefferson1BR,1BA$1,120
Jackson Hills ApartmentsThe Bunker - CONTACT FOR AVAILABILITYStudio,1BA$1,189
The Delta ApartmentsStudioStudio,1BA$1,245

Best Value Apartments for Rent in Albertville, MN and Nearby

As of January 25, 2026 the best value apartment in the Albertville area is the $1.52 price per square foot Townhomes at Preserve Model at Townhomes at Preserve in the in the Brockton Meadows neighborhood starting from $2,915. The second greatest value Albertville apartment is the 3 BR/1 BA fmr Model at Bedford Apartments starting at $1,710 with a $1.64 price per square foot in the Meadow Pond neighborhood. Here is today’s list of the best values for Albertville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townhomes at PreserveTownhomes at Preserve3BR,2.5BA$1.52
Bedford Apartments3 BR/1 BA fmr3BR,1BA$1.64
Northern Star Apartments2A2BR,2BA$1.49
The Bluffs2 Bedroom + Den2BR,1BA$1.52
Lions Park ApartmentsTwo Bedroom/ One Bath2BR,1BA$1.45
Station Street Apartments2 Bedroom/1 Bath Apartment2BR,1BA$1.58
Goldenrod Glen2 Bedroom, Income Restrictions2BR,1BA$1.44
Marywood ApartmentsTwo Bed/One Bath2BR,1BA$1.51
Deephaven Apartments1 Bedroom 1 Bathroom1BR,1BA$1.58
River Garden Apartments1 Bedroom1BR,1BA$1.26

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Albertville Apartments

What is a cheap apartment in Albertville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Albertville is under $1,369.

What is the price of a cheap apartment in Albertville?

The cheapest apartment in Albertville is River Garden Apartments which is listed at $948, while the average apartment in Albertville costs $1,870.

What types of apartments are the cheapest in Albertville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Albertville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Albertville?

Cheap apartments in Albertville have an average cost of $595 which is $1,275 cheaper than the average rent for all rentals in Albertville.

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

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.