Cheap Apartments for Rent in Albion, IN from $500 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in Albion.

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North Ridge Apartments
1 to 3 Bedroom Apartments

North Ridge Apartments

718 N State Road 9Columbia City, IN 46725
  • Utilities Included

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.

property at 515 N State St

515 N State St

KendallvilleIN46755

Albion, IN Local Guide

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 ListingModel NameBed/BathPriced From
Graystone TrailGraystone Trail1BR,1BA$950
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$995
Homestead Village Fort Wayne - Active Living 55+ CommunityThe Audrey1BR,1BA$999
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1,000
Atz PlaceTwo Bedroom2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Huntertown ApartmentsTwo Bedroom2BR,2.5BA$0.87
Copper Creek VillasCopper Creek Townhome3BR,2.5BA$1.23
Redwood WarsawMeadowood2BR,2BA$1.35
Redwood Fort Wayne Wallen RoadForestwood2BR,2BA$1.34
Reserve at Dawson's CreekThe Goldenrod - Premium3BR,2BA$1.27
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.02
BONTERRA APARTMENTSZinfandel2BR,1BA$1.25
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.04
Nelson Estates Apartments2Bed_1Bath2BR,1BA$1.11
Atz PlaceTwo Bedroom2BR,1BA$1.18

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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

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.

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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.

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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.

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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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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.