Cheap Homes for Rent in Albert Lea, MN from $900 (24 Rentals)

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property at 121 Main St S

121 Main St S

Grand MeadowMN55936
Showing Results 1-24, Page 1 of 1

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 Shalom Tower II priced from $405. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $450. Here is today’s list of the most affordable Albert Lea apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shalom Tower IITower I EfficiencyStudio,1BA$405
Key ApartmentsEfficiencyStudio,1BA$450
City Center Kent ApartmentsStudio1BR,1BA$495
18 S Adams AveOne Bedroom1BR,1BA$525
Pebble Creek Apartments1 Bedroom 1 Bathroom1BR,1BA$580

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

As of April 13, 2025 the best value apartment in the Albert Lea area is the $1.40 price per square foot 2B 999 sq.ft. Model at Park Plaza Apartments in the in the Downtown Owatonna neighborhood starting from $1,400. The second greatest value Albert Lea apartment is the Unit 1 Model at Irish Hospital Apartments starting at $1,150 with a $1.35 price per square foot . 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.
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1.40
Irish Hospital ApartmentsUnit 12BR,1BA$1.35
Meadow Lake of Clear Lake Apartments2 Bedroom 1.5 Bathroom2BR,1.5BA$1.03
Lincoln Apartments LLCApt. 172BR,1BA$1.36
Shalom Tower IITower II - One Bedroom1BR,1BA$0.70
City Center Kent Apartments1 Bedroom1BR,1BA$0.74
Webster ApartmentsApt. 102BR,1BA$1.36
CityView Apartments1 bedroom1BR,1BA$0.98
Pebble Creek Apartments1 Bedroom 1 Bathroom1BR,1BA$0.88
18 S Adams AveOne Bedroom1BR,1BA$0.95

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Frequently Asked Questions about Albert Lea

What type of rentals are currently available in Albert Lea?

There are currently 58 Apartments for Rent in Albert Lea, MN with pricing that ranges from $405 to $2,550. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Albert Lea ranging from $900 to $2,700.

What is the current price range for Rental Homes in Albert Lea?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Albert Lea ranges from $900 to $2,700 with an average monthly rent of $1,395.

How much are larger Three and Four Bedroom Rentals in Albert Lea?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Albert Lea range from $907 to $1,625, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $1,925. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $937.

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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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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.