Cheap Apartments for Rent in Albion, IN from $400 (24 Rentals)

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

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.

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.

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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
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Atz Place
1 to 2 Bedroom Apartments

Atz Place

301 E Wayne StKendallville, IN 46755
Senior Living

Cash 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.

Albion, IN Local Guide

Cheapest Available Albion Apartments for Rent and Nearby

 

The cheapest available apartment rental in Albion, IN is a 2 Beds unit found at Historic Blue Bell Lofts priced from $498. Atz Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $706. Here is today’s list of the most affordable Albion apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$498
Atz PlaceOne Bedroom1BR,1BA$706
Drake Terrace III2 Bedroom2BR,1BA$721
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$895
Eagle Landing Apartment Homes1BR1BR,1BA$949

Best Value Apartments for Rent in Albion, IN and Nearby

As of October 23, 2025 the best value apartment in the Albion area is the $1.22 price per square foot 3 Bedroom Model at West Hamilton Hamlets in the in the Southwest Fort Wayne neighborhood starting from $2,000. The second greatest value Albion apartment is the Two Bedroom Model at Huntertown Apartments starting at $1,695 with a $1.13 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.
West Hamilton Hamlets3 Bedroom3BR,2.5BA$1.22
Huntertown ApartmentsTwo Bedroom2BR,2.5BA$1.13
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$0.36
Emerald Pointe (55+ Senior Community)Hawthorne2BR,1.5BA$1.16
Griswold Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$0.93
Quail Ridge VillasWAITLIST ONLY- 2 Bedroom/ 1 Bathroom Garden Apa...2BR,1BA$1.30
Dupont Lakes ApartmentsTwo Bedroom2BR,2BA$1.27
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.04
Drake Terrace III2 Bedroom2BR,1BA$0.96
Atz PlaceOne Bedroom1BR,1BA$1.04

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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The 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.

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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.

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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

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 $706 at Atz Place.

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 $498 at Historic Blue Bell Lofts.

What is the most affordable Albion Three Bedroom Apartment?

The best deal on a cheap Albion Three Bedroom Apartment rental is at Archers Pointe and starts from $1,468.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.