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

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Albany, OR Local Guide

Cheapest Neighborhoods for Apartments in Albany, OR

Pricing Updated: 04/15/2025

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$2,195$1,2956
Hackleman$2,195$1,2959
Monteith$2,195$1,2957
Clover Ridge Station$2,395$1,29510

Cheapest Available Albany Apartments for Rent

 

The cheapest available apartment rental in Albany, OR is a Studio unit found at The Banks Apartments in the Hackleman neighborhood priced from $1,350. Timberridge Place Apartment Homes in the Clover Ridge Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,445. Here is today’s list of the most affordable Albany apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Banks ApartmentsPebbleStudio,1BA$1,350
Timberridge Place Apartment HomesAgate (Somerset)Studio,1BA$1,445
Queen Court Apartments1x11BR,1BA$1,450

Best Value Apartments for Rent in Albany, OR

As of April 15, 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 2Bedroom, 1 Bath 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 Apartments2Bedroom, 1 Bath Remodeled W/Fence2BR,1BA$1.59
Park Village: CodePVTopShevMurr3BR/1.5BA3BR,1.5BA$2.26
College Green Duplexes2x12BR,1BA$1.70
Cape Lee Apartments2 Beds, 1 Baths2BR,1BA$1.70
Eagle Pointe Apartments1 Bed 1 Bath1BR,1BA$2.20
Queen Court Apartments1x11BR,1BA$1.99
The Banks ApartmentsPebbleStudio ,1BA$2.45
Timberridge Place Apartment HomesAgate (Somerset)Studio ,1BA$2.63

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Frequently Asked Questions about Albany

What type of rentals are currently available in Albany?

There are currently 148 Apartments for Rent in Albany, OR with pricing that ranges from $1,205 to $3,240. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albany ranging from $1,295 to $3,300.

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 $3,300 with an average monthly rent of $1,918.

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 $1,550 to $2,945, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $2,895. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $2,975.

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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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.

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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.