Cheap Homes for Rent in Albany, MO from $500 (22 Rentals)

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property at 105 S 12th St

105 S 12th St

SavannahMO64485
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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

Best Value Apartments for Rent in Albany, MO and Nearby

As of April 18, 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 Two Bed One Bath Model at Abernathy Lofts starting at $1,300 with a $1.21 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
Abernathy LoftsTwo Bed One Bath2BR,1BA$1.21
Forest Cove Apartments3x13BR,1BA$0.88
Northern Plains by KadingCottage - 22BR,1BA$1.07
Broadway LoftsTwo Bed One Bath2BR,1BA$1.25
Park Avenue Apartments2 Bed2BR,1BA$1.12
Summit House Apartments2 Bedroom 1 Bathroom2BR,1BA$0.95
Hillside ApartmentsRenovated 1bed - 1bath Apartment!1BR,1BA$1.28
Woodland TraceOne Bed One Bath-Small1BR,1BA$1.10
1010 N 16th St1 bedroom unit1BR,1BA$1.29

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Frequently Asked Questions about Albany

What type of rentals are currently available in Albany?

There are currently 47 Apartments for Rent in Albany, MO with pricing that ranges from $540 to $1,925. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $540 to $2,420.

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 $540 to $2,420 with an average monthly rent of $1,160.

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 $885 to $1,475, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $1,995. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,595.

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.

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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.

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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.

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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.

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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.