Cheap Apartments for Rent in Albany, MO from $400 (41 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Maplewinds I & II
1 to 2 Bedroom Apartments

Maplewinds I & II

403 Iowa StHiawatha, KS 66434
  • Utilities Inc.
close
View Me
Oak Hill
1 to 2 Bedroom Apartments

Oak Hill

1000 Oak StValley Falls, KS 66088
close
View Me
Maryville Meadows
2 to 3 Bedroom Apartments

Maryville Meadows

324 E Summit DrMaryville, MO 64468
close
View Me
Summit Place
1 to 3 Bedroom Apartments

Summit Place

516-520 N 10th StSt. Joseph, MO 64501
  • Utilities Inc.
close
View Me
303 W Lowell Ave
1 to 2 Bedroom Apartments

303 W Lowell Ave

303 W Lowell AveShenandoah, IA 51601
property at 105 S 12th St

105 S 12th St

SavannahMO64485
Showing Results 1-41, Page 1 of 1

Albany, MO Local Guide

Cheapest Available Albany Apartments for Rent and Nearby

 

The cheapest available apartment rental in Albany, MO is a Studio unit found at Unicorn Apartments in the Forest Oaks neighborhood priced from $600. Mitchell Park Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Unicorn ApartmentsSmall Efficiency Apartment!Studio,1BA$600
Mitchell Park PlazaS1 - Standard StudioStudio,1BA$650
HL29 Modern FlatsStudioStudio,1BA$725
1010 N 16th St1 bedroom unit1BR,1BA$725
Woodland TraceOne Bed One Bath-Small1BR,1BA$750
Forest Cove Apartments2x12BR,1BA$775
Stove Lofts01GMStudio,1BA$799
Riverview ApartmentsOne Bed One Bath1BR,1BA$875
Park Avenue Apartments2 Bed2BR,1BA$895
Northern Plains by KadingCottage - 22BR,1BA$895

Best Value Apartments for Rent in Albany, MO and Nearby

As of March 12, 2025 the best value apartment in the Albany area is the $1.11 price per square foot Two Bedroom Two Bath Model at American Electric Lofts in the starting from $1,260. The second greatest value Albany apartment is the Three Bedroom Model at Cottonwood Creek starting at $950 with a $0.84 price per square foot . Here is today’s list of the best values for Albany apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
American Electric LoftsTwo Bedroom Two Bath2BR,2BA$1.11
Cottonwood CreekThree Bedroom3BR,2BA$0.84
The Ridge of St. Joseph3 Bedroom 2 Bathroom3BR,2BA$1.16
Abernathy LoftsTwo Bed One Bath2BR,1BA$1.21
Osceola HeightsVilla3BR,1BA$0.97
Northern Plains by KadingCottage - 22BR,1BA$1.07
Forest Cove Apartments2x12BR,1BA$0.95
Broadway LoftsTwo Bed One Bath2BR,1BA$1.25
Park Avenue Apartments2 Bed2BR,1BA$1.12
Woodland TraceOne Bed One Bath-Small1BR,1BA$1.10

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Albany, MO Rentals by Map

Decorative image of map

See the most popular apartments and homes in Albany, MO

View MapAlbany, MO Apartments MapView MapAlbany, MO Rental Homes Map

Getting Around Albany, MO

Walk Score®

21 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

27 / 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 Unicorn Apartments listed at $600.

How much is rent for a Cheap One Bedroom Albany Apartment?

The lowest price for a Cheap One Bedroom Albany Apartment is $700 at Unicorn Apartments.

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 $775 at Forest Cove Apartments.

What is the most affordable Albany Three Bedroom Apartment?

The best deal on a cheap Albany Three Bedroom Apartment rental is at Forest Cove Apartments and starts from $899.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.