Cheap Homes for Rent in Albany, OR from $1,200 (8 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 208 SE 5th Ave

208 SE 5th Ave

AlbanyOR97321

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.

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, OR Local Guide

Cheapest Neighborhoods for Apartments in Albany, OR

Pricing Updated: 05/19/2025

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$1,600$1,3954
Monteith$1,600$1,3954
Clover Ridge Station$2,200$1,35011
Hackleman$2,250$1,3508

Cheapest Available Albany Apartments for Rent

 

The cheapest available apartment rental in Albany, OR is a 1 Bed unit found at Queen Court Apartments in the Clover Ridge Station neighborhood priced from $1,450. Cape Lee Apartments in the Clover Ridge Station neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,495. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Queen Court Apartments1x11BR,1BA$1,450
Cape Lee Apartments2 Beds, 1 Baths2BR,1BA$1,495
Albany Meadows Apartments2Bedroom, 1 Bath Remodeled W/Fence2BR,1BA$1,500

Best Value Apartments for Rent in Albany, OR

As of May 19, 2025 the best value apartment in the Albany area is the $1.73 price per square foot 2x2 A - Phase I Model at Plumtree Apartments in the in the Hackleman neighborhood starting from $1,650. The second greatest value Albany apartment is the 2 Bedroom, 1 Bath Fully Remodeled W/Fence Model at Albany Meadows Apartments starting at $1,500 with a $1.59 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.
Plumtree Apartments2x2 A - Phase I2BR,2BA$1.73
Albany Meadows Apartments2 Bedroom, 1 Bath Fully Remodeled W/Fence2BR,1BA$1.59
Park Village: CodePVTopShevMurr3BR/1.5BA3BR,1.5BA$2.04
Cape Lee Apartments2 Beds, 1 Baths2BR,1BA$1.70
The Banks ApartmentsCanoe1BR,1BA$2.19
Eagle Pointe Apartments1 Bed 1 Bath1BR,1BA$2.31
Timber Ridge Place Apartment HomesCreek (Timberridge)1BR,1BA$2.19
Queen Court Apartments1x11BR,1BA$2.07

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Albany

What type of rentals are currently available in Albany?

There are currently 152 Apartments for Rent in Albany, OR with pricing that ranges from $1,350 to $2,400. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $1,295 to $3,600.

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 $1,295 to $3,600 with an average monthly rent of $1,961.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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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.

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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.

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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.