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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Pineview Apartments
1 to 2 Bedroom Apartments

Pineview Apartments

23 3rd St NWElk River, MN 55330
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Sugar Maples
1 to 3 Bedroom Apartments

Sugar Maples

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

Jackson Place

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

Marketplace Crossing

16940 Marketplace DrBig Lake, MN 55309
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Countryside Cottages
1 to 2 Bedroom Apartments

Countryside Cottages

301-431 Hillcrest Dr SESaint Michael, MN 55376
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

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: 03/13/2026

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$2,427$1,07530

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 $1,058. 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$1,058
Jackson Hills ApartmentsThe Bunker - CONTACT FOR AVAILABILITYStudio,1BA$1,189
The Bluffs1 Bedroom1BR,1BA$1,230
The Delta ApartmentsStudioStudio,1BA$1,245

Best Value Apartments for Rent in Albertville, MN and Nearby

As of March 13, 2026 the best value apartment in the Albertville area is the $1.60 price per square foot 2 Bedroom/2 Bath Model at Parkview Grand Partners LLC in the in the Twin Lakes Estates neighborhood starting from $1,800. The second greatest value Albertville apartment is the The Snowy Owl Model at Ashbury Residential Suites starting at $1,550 with a $1.60 price per square foot in the Clemens Munsinger Gardens 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.
Parkview Grand Partners LLC2 Bedroom/2 Bath2BR,2BA$1.60
Ashbury Residential SuitesThe Snowy Owl2BR,1BA$1.60
Lions Park ApartmentsTwo Bedroom/ One Bath2BR,1BA$1.45
Clear SkySunup2BR,1BA$1.62
Station Street Apartments2 Bedroom/1 Bath Apartment2BR,1BA$1.58
The Bluffs2 Bedroom2BR,1BA$1.45
Marywood ApartmentsTwo Bed/One Bath2BR,1BA$1.51
Deephaven Apartments1 Bedroom 1 Bathroom1BR,1BA$1.58
Northern Star Apartments1A1BR,1BA$1.64
River Garden Apartments1 Bedroom1BR,1BA$1.41

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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 $1,395.

What is the price of a cheap apartment in Albertville?

The cheapest apartment in Albertville is River Garden Apartments which is listed at $1,058, while the average apartment in Albertville costs $2,427.

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 9 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 $473 which is $1,954 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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.