Cheap Apartments for Rent in Albion, IN from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Albion.

Drake Terrace 1&2

Emerald Pointe (55+ Senior Community)

Wallen Hills Apartments

Stone Pointe Village
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.

Deerfield Village

Brandy Chase Apartment Homes
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.

Simonson Estates Apartments

The Cottages at Bridgewater (Senior 55+)

Homestead Village Fort Wayne - Active Living 55+ Community

362 N Line St

109 E King St

4614 E Old Trail Rd

328 N State 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.

515 N State St
Albion, IN Local Guide

How much does it cost to rent an apartment in Albion?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albion Studio Apartments | $867 | $818 | $900 |
Albion 1 Bedroom Apartments | $1,264 | $576 | $1,950 |
Albion 2 Bedroom Apartments | $1,551 | $740 | $2,849 |
Albion 3 Bedroom Apartments | $1,920 | $756 | $2,691 |
Albion 4 Bedroom Apartments | $2,483 | $2,483 | $2,483 |
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Albion, IN Local Guide
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Cheapest Available Albion Apartments for Rent and Nearby
 The cheapest available apartment rental in Albion, IN is a 1 Bed unit found at Graystone Trail in the Northwest Fort Wayne neighborhood priced from $950. The Cottages at Bridgewater (Senior 55+) in the Southwest Fort Wayne neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Albion apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Graystone Trail | Graystone Trail | 1BR,1BA | $950 |
The Cottages at Bridgewater (Senior 55+) | 1 Bedroom | 1BR,1BA | $995 |
Homestead Village Fort Wayne - Active Living 55+ Community | The Audrey | 1BR,1BA | $999 |
Simonson Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,000 |
Atz Place | Two Bedroom | 2BR,1BA | $1,047 |
Best Value Apartments for Rent in Albion, IN and Nearby
As of June 05, 2025 the best value apartment in the Albion area is the $0.87 price per square foot Two Bedroom Model at Huntertown Apartments in the in the Outer Northside neighborhood starting from $1,300. The second greatest value Albion apartment is the Copper Creek Townhome Model at Copper Creek Villas starting at $1,795 with a $1.23 price per square foot in the Outer Northside 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. |
---|---|---|---|
Huntertown Apartments | Two Bedroom | 2BR,2.5BA | $0.87 |
Copper Creek Villas | Copper Creek Townhome | 3BR,2.5BA | $1.23 |
Redwood Warsaw | Meadowood | 2BR,2BA | $1.35 |
Redwood Fort Wayne Wallen Road | Forestwood | 2BR,2BA | $1.34 |
Reserve at Dawson's Creek | The Goldenrod - Premium | 3BR,2BA | $1.27 |
Griswold Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.02 |
BONTERRA APARTMENTS | Zinfandel | 2BR,1BA | $1.25 |
Simonson Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.04 |
Nelson Estates Apartments | 2Bed_1Bath | 2BR,1BA | $1.11 |
Atz Place | Two Bedroom | 2BR,1BA | $1.18 |
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, IN
Walk Score®
12 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
24 / 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 $950 at Graystone Trail.
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 $1,000 at Simonson Estates Apartments.
What is the most affordable Albion Three Bedroom Apartment?
The best deal on a cheap Albion Three Bedroom Apartment rental is at Avalon at Northbrook Apartments and Townhomes and starts from $1,510.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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.