
Cheap Apartments for Rent in Albion, IA from $300 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Albion.


The Reserves at South Lake

The Tallcorn

Hotel Maytag Apartments
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.

Pheasant Hollow Apartments

309 N 3rd St

Pheasant Run Apartments
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Albion, IA Local Guide

How much does it cost to rent an apartment in Albion?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albion Studio Apartments | $783 | $650 | $870 |
Albion 1 Bedroom Apartments | $1,147 | $394 | $2,556 |
Albion 2 Bedroom Apartments | $968 | $467 | $3,174 |
Albion 3 Bedroom Apartments | $916 | $465 | $1,785 |
Albion 4 Bedroom Apartments | $445 | $445 | $445 |
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Albion, IA Local Guide
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Cheapest Available Albion Apartments for Rent and Nearby
 The cheapest available apartment rental in Albion, IA is a 1 Bed unit found at The Reserves at South Lake in the East Gate Estates neighborhood priced from $395. The Tallcorn has the second lowest priced unit, which is a 1 Bed apartment currently listed from $475. Here is today’s list of the most affordable Albion apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Reserves at South Lake | 1B1B | 1BR,1BA | $395 |
The Tallcorn | 1 bedroom, 1 bath | 1BR,1BA | $475 |
Hunters Run | A2 | 1BR,1BA | $609 |
Hotel Maytag Apartments | Studio | Studio,1BA | $650 |
Newton Park Apartments | 1BR - 30% Gross Income | 1BR,1BA | $676 |
Best Value Apartments for Rent in Albion, IA and Nearby
As of May 10, 2025 the best value apartment in the Albion area is the $0.66 price per square foot 3 Bed 2 Bath Model at Pheasant Hollow Apartments in the starting from $950. The second greatest value Albion apartment is the A - 3x3 Model at The Quarters Ames starting at $615 with a $0.55 price per square foot in the Grand Junction neighborhood. Here is today’s list of the best values for Albion apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Pheasant Hollow Apartments | 3 Bed 2 Bath | 3BR,2BA | $0.66 |
The Quarters Ames | A - 3x3 | 3BR,3BA | $0.55 |
THE ARBORS APARTMENTS | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.83 |
Spacious Apartments minutes from everything | 2br/2ba | 2BR,2BA | $0.99 |
Walnut Creek Apartments | 2 BD Classic | 2BR,1BA | $1.00 |
SUNDANCE NEWTON APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.97 |
Woodland Heights | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
Hunters Run | A2 | 1BR,1BA | $0.87 |
The Reserves at South Lake | 1B1B | 1BR,1BA | $0.61 |
The Tallcorn | 1 bedroom, 1 bath | 1BR,1BA | $0.78 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Albion, IA
Walk Score®
31 / 100
Car-Dependent
Most errands require a car
Bike Score®
33 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Albion Apartments
How much is rent for a Cheap One Bedroom Albion Apartment?
The lowest price for a Cheap One Bedroom Albion Apartment is $395 at The Reserves at South Lake.
What is the lowest price for a Cheap Two Bedroom Albion Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Albion is starting from $470 at The Reserves at South Lake.
What is the most affordable Albion Three Bedroom Apartment?
The best deal on a cheap Albion Three Bedroom Apartment rental is at The Reserves at South Lake and starts from $536.
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.

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.

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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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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.