
Cheap Apartments for Rent in Albion, IL from $300 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Albion.


SPRING VALLEY FLATS

Anchor Court

Total Monthly Price
Lakewood Flats and Townhomes

Total Monthly Price
Valoré at Hidden Hills

Fairway Plaza

Southern Meadows Senior Living

Total Monthly Price
Foxfire West Apartments

The Timbers Apartments
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.

TERRA TRACE

Woodbridge Place

Elmdale Apartments

Total Monthly Price
Bradford Pointe Apartments

North Park

Total Monthly Price
Market Street Apartments

Total Monthly Price
Western Hills Apartments

Sugar Mill Creek

Mission Viejo Villas
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Copper Creek Townhomes

Central Lofts

Total Monthly Price
Leisure Living Lakeside

Westcott Apartments

Total Monthly Price
Wabash Riverfront Flats

Colonial Manor Apartments

Indian Trail Apartments

225 Steven St

1900 N Willow Rd
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.

1520 Main St

510 Ellen Dr

Donaldson Arms

Valore at Pine Hills

1115 W Virginia St

414 S Prince St

The Rathbone Apartments

1015 Stewart St

215 W Louisiana 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.

Eastland Apartments

6501 Uebelhack Rd

528 N Main St

306 S Elm Ave

1638 Speaker Rd

1103 Broadway St

421 Reis Ave

1425 E Uhlhorn St

1404 Delmar 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.
Albion, IL Local Guide

How much does it cost to rent an apartment in Albion?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albion Studio Apartments | $1,822 | $865 | $2,340 |
| Albion 1 Bedroom Apartments | $1,043 | $599 | $3,410 |
| Albion 2 Bedroom Apartments | $1,267 | $740 | $4,449 |
| Albion 3 Bedroom Apartments | $1,427 | $1,249 | $1,595 |
| Albion 4 Bedroom Apartments | $993 | $580 | $1,799 |
Browse Top Apartments in Albion
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Albion, IL Local Guide
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Cheapest Available Albion Apartments for Rent and Nearby
 The cheapest available apartment rental in Albion, IL is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $599. Lakewood Flats and Townhomes in the Howell neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $670. Here is today’s list of the most affordable Albion apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| SPRING VALLEY FLATS | The Redbud | 1BR,1BA | $599 |
| Lakewood Flats and Townhomes | 2 small wd | 2BR,1BA | $670 |
| Valoré at Hidden Hills | The Dogwood - One Bedroom Apartment Home | 1BR,1BA | $675 |
| Foxfire West Apartments | 1.1 | 1BR,1BA | $785 |
| The Timbers Apartments | The Oak 1 BR 1 BA | 1BR,1BA | $787 |
| TERRA TRACE | The Dogwood | 1BR,1BA | $799 |
| Woodbridge Place | The Dogwood | 1BR,1BA | $799 |
| Bradford Pointe Apartments | INBFP 2x1 675sqft - Classic | 2BR,1BA | $805 |
| Central Lofts | JJ | 2BR,1BA | $925 |
| Copper Creek Townhomes | A-1 Bedroom Ranch | 1BR,1BA | $925 |
Best Value Apartments for Rent in Albion, IL and Nearby
As of March 24, 2026 the best value apartment in the Albion area is the $1.07 price per square foot 3 Bedroom Townhome Model at Western Hills Apartments in the in the Howell neighborhood starting from $1,550. The second greatest value Albion apartment is the 2BR/2.0BA Model at Apartments@41 starting at $1,350 with a $1.11 price per square foot in the Business 41 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. |
|---|---|---|---|
| Western Hills Apartments | 3 Bedroom Townhome | 3BR,2.5BA | $1.07 |
| Apartments@41 | 2BR/2.0BA | 2BR,2BA | $1.11 |
| Eagle Village - Historical Access | 4BR/2BA - Furnished | 4BR,2BA | $0.47 |
| Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.09 |
| Colonial Manor Apartments | 2x1 R | 2BR,1BA | $1.15 |
| Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.16 |
| Copper Creek Townhomes | A-1 Bedroom Ranch | 1BR,1BA | $1.23 |
| North Park | McCallister | 1BR,1BA | $1.10 |
| Woodbridge Place | The Flowering Pink Dogwood | 1BR,1BA | $1.21 |
| Foxfire West Apartments | 1.1f | 1BR,1BA | $1.23 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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 Albion, IL Rentals by Map
See the most popular apartments and homes in Albion, IL
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 $599 at SPRING VALLEY FLATS.
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 $670 at Lakewood Flats and Townhomes.
What is the most affordable Albion Three Bedroom Apartment?
The best deal on a cheap Albion Three Bedroom Apartment rental is at Mission Viejo Villas and starts from $1,345.
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

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.

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.

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.

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.