
Cheap Homes for Rent near Albion, IL from $500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Albion.


1103 Broadway St

728 Renshaw Ave

510 Ellen Dr

1520 Main St
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.

1618 Speaker Rd

2728 W Virginia St

408 S Bosse Ave

437 S Bosse Ave

614 5th St
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.

413 3rd St

527 N Lemcke Ave

2555 Stanley Ct

301 E Olive St

1306 W Missouri St
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.

3509 N Kentucky Ave

1404 Delmar Ave
Albion, IL 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 | $928 | $594 | $1,500 |
| Albion 3 Bedroom Homes for Rent | $1,579 | $1,000 | $2,500 |
| Albion 4 Bedroom Homes for Rent | $1,958 | $1,275 | $2,500 |
| Albion 5 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
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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. Fairway Plaza in the Business 41 neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $640. 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 |
| Fairway Plaza | 1 Bedroom | 1BR,1BA | $640 |
| Southern Meadows Senior Living | 1 Bed Apt | 1BR,1BA | $650 |
| 1210 Char Lee Dr | 1bed1bath | 1BR,1BA | $660 |
| Valoré at Hidden Hills | The Dogwood - One Bedroom Apartment Home | 1BR,1BA | $675 |
Best Value Apartments for Rent in Albion, IL and Nearby
As of July 27, 2026 the best value apartment in the Albion area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the in the Gibson County neighborhood starting from $1,650. The second greatest value Albion apartment is the 4BR/2BA - Furnished Model at Eagle Village - Historical Access starting at $565 with a $0.47 price per square foot in the Evansville West Side 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. |
|---|---|---|---|
| Circle Point Villas | Prime Living at Its Finest: Luxurious Stand-Alo... | 3BR,2BA | $1.07 |
| Eagle Village - Historical Access | 4BR/2BA - Furnished | 4BR,2BA | $0.47 |
| Baldwin Heights | 2 Bedroom | 2BR,1BA | $1.13 |
| The Westcott | 2 Bed, 2 Bath | 2BR,2BA | $1.17 |
| Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.10 |
| North Park | Berkshire | 2BR,1.5BA | $1.05 |
| Colonial Manor Apartments | 2X1 | 2BR,1BA | $1.15 |
| Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.16 |
| 1210 Char Lee Dr | 1bed1bath | 1BR,1BA | $0.88 |
| Fairway Plaza | 1 Bedroom | 1BR,1BA | $0.91 |
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 Albion, IL Rentals by Map
See the most popular apartments and homes in Albion, IL
Frequently Asked Questions about Albion
What type of rentals are currently available in Albion?
There are currently 51 Apartments for Rent in Albion, IL with pricing that ranges from $580 to $4,449. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albion ranging from $594 to $3,200.
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 $594 to $3,200 with an average monthly rent of $1,691.
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 $1,260 to $1,650, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,275 and Four Bedroom Apartments start at $580.
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.