
Cheap Apartments for Rent in Albertville, MN from $500 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in Albertville.


Bedford Apartments

Kingston Crossings

Pheasant Ridge Apartments

Cottages of Albertville Senior Townhomes

Clear Sky

Elk River Lodge and Apartments

Goldenrod Glen

River Garden Apartments

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The Bluffs
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.

Ridgewood Manor Partnership

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Jackson Hills Apartments

Village at Town Center - St. Michael

Elk Crossing Apartments

The Delta Apartments

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Dove Tree Apartments

Northern Star Apartments

Deephaven Apartments

Savanna Vista

Dove Terrace
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.

Fredrik

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Marywood Apartments

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Monticello Crossings

Ashbury Residential Suites

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Station Street Apartments

Vincent Woods Apartments

Rivers Edge Apartments

Parkview Grand Partners LLC

Town Square Residential Suites

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The Dylan Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Evans Meadows

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The Preserve at Commerce

The Village of Otsego

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Granite Shores

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Quest Apartments

Pineview Apartments

35 Lake St S

Sugar Maples

Jackson Place

Marketplace Crossing
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.

Countryside Cottages

Town Center Townhomes

Cornerstone Village

8551 Elm St

860 Independence Dr

1005 6th Ave NE

9127 MN-25

1027 6th Ave NE

9205 Orchard Cir

716 Washington Ct NW
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.
Albertville, MN Local Guide

How much does it cost to rent an apartment in Albertville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Albertville Studio Apartments | $1,220 | $895 | $1,535 |
| Cheap Albertville 1 Bedroom Apartments | $1,498 | $573 | $2,012 |
| Cheap Albertville 2 Bedroom Apartments | $1,749 | $735 | $2,295 |
| Cheap Albertville 3 Bedroom Apartments | $2,018 | $811 | $2,750 |
| Cheap Albertville 4 Bedroom Apartments | $2,047 | $2,047 | $2,047 |
Browse Top Apartments in Albertville
See all Apartments in AlbertvilleExplore Albertville
Albertville, MN Local Guide
- Albertville Neighborhoods
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Cheapest Neighborhoods for Apartments in Albertville, MN
Pricing Updated: 07/27/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Towne Lakes | $1,920 | $1,075 | 21 |
Cheapest Available Albertville Apartments for Rent
 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. Ridgewood Manor Partnership in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here is today’s list of the most affordable Albertville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elk River Lodge and Apartments | Studio | Studio,1BA | $845 |
| Ridgewood Manor Partnership | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,150 |
| Pheasant Ridge Apartments | 2 Bedroom - N/A | 2BR,1BA | $1,160 |
| Jackson Hills Apartments | The Bunker - CONTACT FOR AVAILABILITY | Studio,1BA | $1,189 |
| Village at Town Center - St. Michael | 3B2-HC | 1BR,1BA | $1,195 |
| Bedford Apartments | 1 BR/1 BA | 1BR,1BA | $1,215 |
| The Delta Apartments | Studio | Studio,1BA | $1,245 |
| Dove Tree Apartments | 1 Bedroom H | 1BR,1BA | $1,295 |
| Elk Crossing Apartments | Two Bedroom X-Large | 2BR,1BA | $1,295 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,330 |
Best Value Apartments for Rent in Albertville, MN
As of July 27, 2026 the best value apartment in the Albertville area is the $1.59 price per square foot E1 - Empire Model at The Preserve at Albertville in the in the Meadow Pond neighborhood starting from $3,392. The second greatest value Albertville apartment is the Townhomes at Preserve Model at Townhomes at Preserve starting at $2,995 with a $1.56 price per square foot in the Brockton Meadows neighborhood. Here is today’s list of the best values for Albertville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Preserve at Albertville | E1 - Empire | 4BR,2.5BA | $1.59 |
| Townhomes at Preserve | Townhomes at Preserve | 3BR,2.5BA | $1.56 |
| Monticello Crossings | C2 | 3BR,2BA | $1.61 |
| Northern Star Apartments | 3 Bedroom Large | 3BR,2BA | $1.34 |
| Cornerstone Village | 2 Bedroom | 2BR,2BA | $1.59 |
| Elk Crossing Apartments | Two Bedroom X-Large | 2BR,1BA | $1.22 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| The Bluffs | 2 Bedroom | 2BR,1BA | $1.45 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR,1BA | $1.64 |
| Deephaven Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.58 |
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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Albertville, MN Rentals by Map
See the most popular apartments and homes in Albertville, MN
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 $1,330.
What is the price of a cheap apartment in Albertville?
The cheapest apartment in Albertville is Village at Town Center - St. Michael which is listed at $1,195, while the average apartment in Albertville costs $1,920.
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 8 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 $680 which is $1,240 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

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.