200 N Main St
FarmlandIN47340
Cheap Homes for Rent in Albany, IN from $500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Albany.
201 S 2nd St
DunkirkIN47336
1205 S Blaine St
MuncieIN47302
802 1/2 N Mulberry St
MuncieIN47305
528 E Kohlmetz St
MuncieIN47303
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.
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Albany, IN Local Guide
Trail in Indiana by Dave Herrmann is licensed under CC BY 2.0
How much does it cost to rent a home in Albany?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Albany 2 Bedroom Homes for Rent | $1,006 | $575 | $1,300 |
| Albany 3 Bedroom Homes for Rent | $1,117 | $750 | $1,375 |
| Albany 4 Bedroom Homes for Rent | $1,308 | $1,200 | $1,600 |
Browse Top Homes for Rent in Albany
Explore Albany
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 University Village in the Westacres neighborhood priced from $385. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $510. Here is today’s list of the most affordable Albany apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Village | 4BD/2BA Unfurnished Premium | 4BR,2BA | $385 |
| The Haven | 4x4 | 4BR,4BA | $510 |
| Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $549 |
Best Value Apartments for Rent in Albany, IN and Nearby
As of April 18, 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 $809. The second greatest value Albany apartment is the 2 Bed 1.5 Bath Model at Aspen/Snowmass Townhomes starting at $1,245 with a $1.31 price per square foot in the School 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 |
| Aspen/Snowmass Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.31 |
| Hoosier Woods Apartments | 2x2 60% | 2BR,2BA | $0.99 |
| The Latitude | 2 Bed 2 Bath Apartment - Premium | 2BR,2BA | $1.09 |
| Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.88 |
| Canterbury Townhomes | 2x1.5 R | 2BR,1.5BA | $1.27 |
| Turnberry Square Apartments | 2 bed/2 bath | 2BR,2BA | $1.19 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
| Fox Brook Apartments | 1x1 | 1BR,1BA | $1.32 |
| The Haven | 2x2 | 2BR,2BA | $1.33 |
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Frequently Asked Questions about Albany
What type of rentals are currently available in Albany?
There are currently 40 Apartments for Rent in Albany, IN with pricing that ranges from $385 to $2,515. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $550 to $1,600.
What is the current price range for Rental Homes in Albany?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Albany ranges from $550 to $1,600 with an average monthly rent of $1,059.
How much are larger Three and Four Bedroom Rentals in Albany?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Albany range from $539 to $2,515, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,375. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $385.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
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.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.