
Cheap Homes for Rent in Albany, OR from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Albany.


324 SW Calapooia St
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.

1525 7th Ave SW #2

208 SE 5th Ave
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.

205 SE 6th Ave

930 SW Elm St
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.

135-155 N 3rd St

4154 SE Davidson St
Albany, OR Local Guide

How much does it cost to rent a home in Albany?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Albany 2 Bedroom Homes for Rent | $1,490 | $1,295 | $1,700 |
Albany 3 Bedroom Homes for Rent | $2,299 | $1,800 | $2,800 |
Albany 4 Bedroom Homes for Rent | $3,130 | $2,925 | $3,600 |
Browse Top Homes for Rent in Albany
Explore Albany
Albany, OR Local Guide
- Albany Neighborhoods
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Cheapest Neighborhoods for Apartments in Albany, OR
Pricing Updated: 05/19/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Downtown Albany | $1,600 | $1,395 | 4 |
Monteith | $1,600 | $1,395 | 4 |
Clover Ridge Station | $2,200 | $1,350 | 11 |
Hackleman | $2,250 | $1,350 | 8 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Queen Court Apartments | 1x1 | 1BR,1BA | $1,450 |
Cape Lee Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1,495 |
Albany Meadows Apartments | 2Bedroom, 1 Bath Remodeled W/Fence | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Plumtree Apartments | 2x2 A - Phase I | 2BR,2BA | $1.73 |
Albany Meadows Apartments | 2 Bedroom, 1 Bath Fully Remodeled W/Fence | 2BR,1BA | $1.59 |
Park Village: CodePVTopShevMurr | 3BR/1.5BA | 3BR,1.5BA | $2.04 |
Cape Lee Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.70 |
The Banks Apartments | Canoe | 1BR,1BA | $2.19 |
Eagle Pointe Apartments | 1 Bed 1 Bath | 1BR,1BA | $2.31 |
Timber Ridge Place Apartment Homes | Creek (Timberridge) | 1BR,1BA | $2.19 |
Queen Court Apartments | 1x1 | 1BR,1BA | $2.07 |
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.
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.

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.

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.

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.

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.