Cheap Apartments for Rent in Albany, IN

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Apartments For Rent Near Albany, IN

We found 30 more apartments matching your filters just outside Albany

Average Rent Trends in Albany, IN

Rent in Albany, IN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Oct 2026 compared to the previous month. Rent previously peaked in Jul 2025.
MonthAverage rent
Nov 2025$750
Dec 2025$600
Jan 2026$650
Feb 2026$750
Mar 2026$950
Apr 2026$950
May 2026$899
Jun 2026$800
Jul 2026$950
Aug 2026$950
Sep 2026$1,200
Oct 2026$750
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Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$700$720—$720
Apartments and Condos—$700——$700
Houses——$720—$720
See more information about local market trends in Albany, IN

Frequently Asked Questions about Rentals in Albany, IN

  • What is the average rent of an apartment in Albany, IN?
    The average rent of an apartment in Albany, IN is $700 per month. This is about 64% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Albany, IN?
    Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $600 per month.
  • How many cheap apartments are available in Albany, IN?
    There are 3 apartments to rent that are cheaper than the city’s average rent of $720.
  • When is the average rent most expensive in Albany, IN?
    In the last year, the average rent in Albany, IN was highest in Jul 2025 when it was $1,200 per month.
  • What are some zip codes in Albany, IN?
    Albany, IN includes zip codes such as: 47320.
  • What are some cities near Albany, IN?
    Some nearby cities include: Eaton, Parker City, Redkey, Muncie, Selma. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Albany, IN - 809 Rentas | Trulia