Cheap Apartments for Rent in Albany, IN from $300 (14 Rentals)
Cheap Apartments in Albany.

River Landing Apartments

Bay Terrace Apartments

Hoosier Woods Apartments

Applegate

The Cedars

Maple Leaf Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

910 W Rex St

2207 E 9th St

201 S 2nd St

802 1/2 N Mulberry St

1205 S Blaine St

528 E Kohlmetz St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Albany, IN Local Guide

How much does it cost to rent an apartment in Albany?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albany Studio Apartments | $761 | $650 | $870 |
Albany 1 Bedroom Apartments | $948 | $600 | $1,800 |
Albany 2 Bedroom Apartments | $1,109 | $670 | $1,985 |
Albany 3 Bedroom Apartments | $1,186 | $539 | $2,515 |
Albany 4 Bedroom Apartments | $481 | $350 | $610 |
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Albany, IN Local Guide
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Cheapest Available Albany Apartments for Rent and Nearby
 The cheapest available apartment rental in Albany, IN is a 4 Beds unit found at The Haven in the Westacres neighborhood priced from $510. Yugo Muncie Varsity House in the Westacres neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $549. Here is today’s list of the most affordable Albany apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Haven | 4x4 | 4BR,4BA | $510 |
Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $549 |
Applegate | Studio | Studio,1BA | $695 |
Harter House Anderson LLC | Rose | Studio,1BA | $749 |
North Pointe Commons | 1BR/1BA | 1BR,1BA | $775 |
Best Value Apartments for Rent in Albany, IN and Nearby
As of May 06, 2025 the best value apartment in the Albany area is the $0.62 price per square foot 2BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $810. The second greatest value Albany apartment is the 3x1.5 R Model at Canterbury Townhomes starting at $1,318 with a $1.01 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Albany apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
Canterbury Townhomes | 3x1.5 R | 3BR,1.5BA | $1.01 |
The Latitude | 3 Bed 2 Bath Apartment - Premium | 3BR,2BA | $1.00 |
Granton Place Apartments | 2 bedroom Flats | 2BR,1BA | $0.86 |
FIELDCREST APARTMENTS | 2 bedroom | 2BR,1BA | $0.88 |
Hoosier Woods Apartments | 2x2 60% | 2BR,2BA | $1.06 |
Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.88 |
Turnberry Square Apartments | 2 bed/2 bath | 2BR,2BA | $1.19 |
6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
Orchard Apartments | 2 Bedroom Standard | 2BR,1BA | $1.31 |
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Getting Around Albany, IN
Walk Score®
14 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
28 / 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 Albany Apartments
What is the Cheapest Studio apartment in Albany?
Currently the most affordable Cheap Studio Apartment in Albany is at Applegate listed at $695.
How much is rent for a Cheap One Bedroom Albany Apartment?
The lowest price for a Cheap One Bedroom Albany Apartment is $775 at North Pointe Commons.
What is the lowest price for a Cheap Two Bedroom Albany Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Albany is starting from $670 at The Haven.
What is the most affordable Albany Three Bedroom Apartment?
The best deal on a cheap Albany Three Bedroom Apartment rental is at The Haven and starts from $545.
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 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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.