Cheap Apartments for Rent in Albert Lea, MN from $400 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in Albert Lea.

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Albert Lea, MN Local Guide

Cheapest Available Albert Lea Apartments for Rent and Nearby

 

The cheapest available apartment rental in Albert Lea, MN is a Studio unit found at Key Apartments priced from $450. City Center Kent Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $495. Here is today’s list of the most affordable Albert Lea apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Key ApartmentsEfficiencyStudio,1BA$450
City Center Kent ApartmentsStudio1BR,1BA$495
18 S Adams AveOne Bedroom1BR,1BA$525
CityView ApartmentsStudioStudio,1BA$625
Northern Place Apartments1 Bed, 1 bath1BR,1BA$800

Best Value Apartments for Rent in Albert Lea, MN and Nearby

As of February 15, 2025 the best value apartment in the Albert Lea area is the $1.45 price per square foot 2 Bedroom 1 Bath B Model at West Lake Meadows in the in the Downtown Owatonna neighborhood starting from $1,570. The second greatest value Albert Lea apartment is the 2BR/1.0BA Model at Park Plaza Apartments starting at $1,400 with a $1.38 price per square foot in the Downtown Owatonna neighborhood. Here is today’s list of the best values for Albert Lea apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
West Lake Meadows2 Bedroom 1 Bath B2BR,1BA$1.45
Park Plaza Apartments2BR/1.0BA2BR,1BA$1.38
506 W College St, Unit 506506 W College St3BR,1BA$1.05
Park Plaza2 Bedroom (Unit 1)2BR,1BA$1.34
Irish Hospital ApartmentsUnit 12BR,1BA$1.35
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Webster ApartmentsApt. 102BR,1BA$1.36
Lincoln Apartments LLCApt. 031BR,1BA$1.25
Northern Place Apartments1 Bed, 1 bath1BR,1BA$1.22
18 S Adams AveOne Bedroom1BR,1BA$0.95

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Best Local Schools in
Albert Lea, MN

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Getting Around Albert Lea, MN

Walk Score®

43 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Albert Lea Apartments

What is the Cheapest Studio apartment in Albert Lea?

Currently the most affordable Cheap Studio Apartment in Albert Lea is at Key Apartments listed at $450.

How much is rent for a Cheap One Bedroom Albert Lea Apartment?

The lowest price for a Cheap One Bedroom Albert Lea Apartment is $495 at City Center Kent Apartments.

What is the lowest price for a Cheap Two Bedroom Albert Lea Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Albert Lea is starting from $800 at Skye Lofts Apartments.

What is the most affordable Albert Lea Three Bedroom Apartment?

The best deal on a cheap Albert Lea Three Bedroom Apartment rental is at Northern Place Apartments and starts from $1,100.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.