
Cheap Apartments for Rent near Albion, RI from $1,000 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Albion.


Royal Park Apartments and Townhomes

Lofts at Lyman Mill

Residences at Woodlawn

Total Monthly Price
Franklin Extended Stay Hotel

Newport Avenue Apartments
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.

Charles Landing

Park Place Apartments

Slater Cotton Mill

American Wire Residential Lofts

Greystone Lofts

The Village Lofts
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.

University Heights Apartments

Roosevelt Mills

8 Ash Street Manville

Mineral Spring Gardens

Millrace District Apartments

Hillside Terrace Apartments
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.

858 Bernon St

508 Elm St

27 W Park Pl

1431 Smithfield Ave

844 Lonsdale Ave

668 Grove St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

366 Park Pl

87 Rockland Ave

300 Smithfield Rd
Albion, RI Local Guide

How much does it cost to rent an apartment in Albion?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albion Studio Apartments | $1,964 | $1,490 | $2,479 |
| Albion 1 Bedroom Apartments | $2,138 | $1,194 | $3,000 |
| Albion 2 Bedroom Apartments | $2,540 | $1,419 | $3,934 |
| Albion 3 Bedroom Apartments | $2,577 | $2,195 | $3,400 |
Browse Top Apartments in Albion
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Albion, RI Local Guide
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Cheapest Available Albion Apartments for Rent and Nearby
 The cheapest available apartment rental in Albion, RI is a 1 Bed unit found at The Village at Manville priced from $1,194. Franklin Extended Stay Hotel in the 495 South neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,550. Here is today’s list of the most affordable Albion apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Village at Manville | One Bedroom-LIHTC with Income Guidelines | 1BR,1BA | $1,194 |
| Franklin Extended Stay Hotel | Studio Standard | 1BR,1BA | $1,550 |
| Charles Landing | Studio | Studio,1BA | $1,595 |
| Greystone Lofts | G-0x1A | Studio,1BA | $1,640 |
| The Village Lofts | V0x1C | Studio,1BA | $1,640 |
| Park Place Apartments | 1A-R | 1BR,1BA | $1,650 |
| Roosevelt Mills | 1 Bed | 1BR,1BA | $1,675 |
| University Heights Apartments | Classical A | 1BR,1BA | $1,698 |
| Parkview | 1 Bed 1 Bath - M | 1BR,1BA | $1,735 |
| Douglas Apartments-An Active Adult Community | 1x1 Renovated | 1BR,1BA | $1,750 |
Best Value Apartments for Rent in Albion, RI and Nearby
As of July 31, 2026 the best value apartment in the Albion area is the $1.83 price per square foot 3 Bedroom Model at 154 Oakland Ave in the in the Manton neighborhood starting from $2,200. The second greatest value Albion apartment is the 3-Bedroom Model at 308 Pleasant Valley Pky starting at $2,200 with a $1.83 price per square foot in the Manton 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. |
|---|---|---|---|
| 154 Oakland Ave | 3 Bedroom | 3BR,1BA | $1.83 |
| 308 Pleasant Valley Pky | 3-Bedroom | 3BR,1BA | $1.83 |
| 595 Mineral Spring Ave | 1 bed / 1 bath | 1BR,1BA | $2.00 |
| Slater Cotton Mill | A6 (Bldg I) | 1BR,1BA | $2.14 |
| Moore Mill Lofts | B2L | 1BR,1BA | $2.05 |
| The Village Lofts | V0x1C | Studio ,1BA | $1.98 |
| Chestnut Park Apartments | A09 | 1BR,1BA | $2.26 |
| Douglas Apartments-An Active Adult Community | 1x1 Renovated | 1BR,1BA | $2.19 |
| Lofts & Townhomes @ International Apartments | 520-108 ( 1 Bedroom 1 Bath ) | 1BR,1BA | $2.47 |
| Greystone Lofts | G-0x1A | Studio ,1BA | $2.51 |
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, RI Rentals by Map
See the most popular apartments and homes in Albion, RI
Frequently Asked Questions about Cheap Albion Apartments
What is the Cheapest Studio apartment in Albion?
Currently the most affordable Cheap Studio Apartment in Albion is at Charles Landing listed at $1,595.
How much is rent for a Cheap One Bedroom Albion Apartment?
The lowest price for a Cheap One Bedroom Albion Apartment is $1,194 at The Village at Manville.
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 $1,419 at The Village at Manville.
What is the most affordable Albion Three Bedroom Apartment?
The best deal on a cheap Albion Three Bedroom Apartment rental is at 154 Oakland Ave and starts from $2,200.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.