Cheap Apartments for Rent in Albany, OR from $600 (7 Rentals)

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Cottonwood Manor
1 Bedroom Apartments

Cottonwood Manor

1081 Chicago St SEAlbany, OR 97322
  • Utilities Included
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3410 Pacific Blvd SW
1 to 2 Bedroom Apartments

3410 Pacific Blvd SW

3410 Pacific Blvd SWAlbany, OR 97321
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Meadow Green
2 Bedroom Apartments

Meadow Green

462 SE 26th Ave SEAlbany, OR 97322

Albany, OR Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Albany, OR

Pricing Updated: 03/23/2025

Current apartment rentals in the Albany, OR area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Albany Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Albany$1,495$1,49510
Monteith$1,495$1,49510
Hackleman$1,950$1,350156
Clover Ridge Station$3,240$1,205383

Cheapest Available Albany Apartments for Rent

 

The cheapest available apartment rental in Albany, OR is a 2 Beds unit found at Sheridan Plaza in the Monteith neighborhood priced from $1,395. Timberridge Place Apartment Homes in the Clover Ridge Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,425. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sheridan Plaza2 Beds, 1 Baths2BR,1BA$1,395
Timberridge Place Apartment HomesAgate (Somerset)Studio,1BA$1,425
Queen Court Apartments1x11BR,1BA$1,450

Best Value Apartments for Rent in Albany, OR

As of March 23, 2025 the best value apartment in the Albany area is the $1.85 price per square foot 2 Bed 2 Bath A Model at Eagle Pointe Apartments in the in the Clover Ridge Station neighborhood starting from $1,780. The second greatest value Albany apartment is the Renovated Townhome Model at Lakeside Manor Townhomes starting at $1,550 with a $1.62 price per square foot in the Clover Ridge Station neighborhood. 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.
Eagle Pointe Apartments2 Bed 2 Bath A2BR,2BA$1.85
Lakeside Manor TownhomesRenovated Townhome2BR,1.5BA$1.62
Plumtree Apartments2x2 A - Phase I2BR,2BA$1.73
Albany Meadows Apartments2Bedroom, 1 Bath Remodeled W/Fence2BR,1BA$1.59
Park Village: CodePVTopShevMurr3BR/1.5BA3BR,1.5BA$2.58
Cape Lee Apartments2 Beds, 1 Baths2BR,1BA$1.70
Sheridan Plaza2 Beds, 1 Baths2BR,1BA$1.61
The Banks ApartmentsCanoe1BR,1BA$2.25
Queen Court Apartments1x11BR,1BA$2.07
Timberridge Place Apartment HomesAgate (Somerset)Studio ,1BA$2.60

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Albany Overview

A hub of farming and manufacturing in the great state of Orgeon, Albany is a charming hot spot destined to be a hit among a variety of lifestyles. Situated near both the Willamette and Calapooia Rivers, this scenic and welcoming destination is an excellent spot for anyone considering a new place to live in Oregon.

Why live in Albany, OR?

From public parks to a wide array of historic hotspots, life in Albany apartments is truly Oregon living at its best. Local schools consistently make the grade, and the city's long history of manufacturing in the grass seed and timber industries lends it a nature-loving ambiance all its own. From local farmer's markets to nightclub excitement, an apartment for rent in Albany offers much to many.

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

Explore Albany, OR Rentals by Map

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Getting Around Albany, OR

Walk Score®

53 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

60 / 100

Bikeable

Some bike infrastructure

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 Timberridge Place Apartment Homes listed at $1,425.

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

The lowest price for a Cheap One Bedroom Albany Apartment is $1,450 at Queen Court 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 $1,395 at Sheridan Plaza.

What is the most affordable Albany Three Bedroom Apartment?

The best deal on a cheap Albany Three Bedroom Apartment rental is at Park Village: CodePVTopShevMurr and starts from $2,400.

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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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.

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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.

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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.