
Cheap Homes for Rent in Albion, IA from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Albion.


702 Carroll Ave

317-319 20th St
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.

823-825 Wilson Ave

720 Crystal St

1315 Douglas Ave
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1250 24th St

215 Jewel Dr

1302 Harding Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

604 10th St
Albion, IA Local Guide

How much does it cost to rent a home in Albion?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albion 2 Bedroom Homes for Rent | $1,050 | $850 | $1,350 |
Albion 3 Bedroom Homes for Rent | $1,493 | $1,010 | $1,945 |
Albion 4 Bedroom Homes for Rent | $1,450 | $1,300 | $1,600 |
Browse Top Homes for Rent in Albion
Explore Albion
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 |
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
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.
Frequently Asked Questions about Albion
What type of rentals are currently available in Albion?
There are currently 49 Apartments for Rent in Albion, IA with pricing that ranges from $394 to $3,174. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albion ranging from $750 to $1,945.
What is the current price range for Rental Homes in Albion?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Albion ranges from $750 to $1,945 with an average monthly rent of $1,188.
How much are larger Three and Four Bedroom Rentals in Albion?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Albion range from $465 to $1,785, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,010 to $1,945. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $445.
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.

Navigating the Rental Market: Tips for First-Time Renters
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
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.