
Cheap Apartments for Rent in Albion, RI from $1,000 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Albion.


Roosevelt Mills

University Heights Apartments

Royal Park Apartments and Townhomes

Lofts at Lyman Mill

American Wire Residential Lofts
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.

Residences at Woodlawn

Slater Cotton Mill

Douglas Apartments-An Active Adult Community

Charles Landing

148 Ohio Ave

445 Hope St
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.

183 Jewett St

166 6th Ave

823 Park Ave

Hillside Terrace Apartments
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, RI Local Guide

How much does it cost to rent an apartment in Albion?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albion Studio Apartments | $1,898 | $1,475 | $2,475 |
| Albion 1 Bedroom Apartments | $2,044 | $1,300 | $2,785 |
| Albion 2 Bedroom Apartments | $2,369 | $1,760 | $3,460 |
| Albion 3 Bedroom Apartments | $2,687 | $2,190 | $3,105 |
Browse Top Apartments in Albion
See all Apartments in AlbionExplore Albion
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 Franklin Extended Stay Hotel in the 495 South neighborhood priced from $1,300. Roosevelt Mills in the Darlington neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,475. Here is today’s list of the most affordable Albion apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Extended Stay Hotel | Studio Standard | 1BR,1BA | $1,300 |
| Roosevelt Mills | Studio | Studio,1BA | $1,475 |
| University Heights Apartments | Elmhurst | Studio,1BA | $1,485 |
| Slater Cotton Mill | 1BR (Bldg IV) | 1BR,1BA | $1,545 |
| Douglas Apartments-An Active Adult Community | 1x1 Renovated | 1BR,1BA | $1,550 |
Best Value Apartments for Rent in Albion, RI and Nearby
As of December 14, 2025 the best value apartment in the Albion area is the $1.16 price per square foot 2 Bed 1 Bath Model at American Wire Residential Lofts in the in the Darlington neighborhood starting from $1,955. The second greatest value Albion apartment is the 2 Bedroom Model at Residences at Woodlawn starting at $1,795 with a $1.78 price per square foot in the Downcity 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. |
|---|---|---|---|
| American Wire Residential Lofts | 2 Bed 1 Bath | 2BR,1BA | $1.16 |
| Residences at Woodlawn | 2 Bedroom | 2BR,1BA | $1.78 |
| Brookside Village | 2 Bed 1 Bath | 2BR,1BA | $2.33 |
| Greystone Lofts | sm2b2b-g 1519 899 | 2BR,2BA | $2.29 |
| Lofts at Lyman Mill | 1 Bedroom with Den | 1BR,1BA | $2.54 |
| The Village Lofts | V0x1C | Studio ,1BA | $2.09 |
| Shorewood Apartments | Two Bedroom Flat | 2BR,1BA | $2.46 |
| Highland Hills | Unit 1 | 1BR,1BA | $2.44 |
| Slater Cotton Mill | 1BR (Bldg IV) | 1BR,1BA | $2.47 |
| Roosevelt Mills | Studio | Studio ,1BA | $2.46 |
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 ArticleThe 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.
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.
Pet Friendly LifestyleAlbion, RI
Ranked #16
Among cities in Rhode Island for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 Roosevelt Mills listed at $1,475.
How much is rent for a Cheap One Bedroom Albion Apartment?
The lowest price for a Cheap One Bedroom Albion Apartment is $1,300 at Franklin Extended Stay Hotel.
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 $1,760 at Parkview.
What is the most affordable Albion Three Bedroom Apartment?
The best deal on a cheap Albion Three Bedroom Apartment rental is at University Heights Apartments and starts from $2,190.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

