Apartments For Rent in Albert Lea, MN

27 rentals

Apartments For Rent Near Albert Lea, MN

We found 30 more apartments matching your filters just outside Albert Lea

What Locals Say about Albert Lea

  • Terry K.
    "Very dog friendly city. Lots of paths to walk along the lake as well as nature paths that are very dog friendly. There is even a dog park that seems to be very popular for both big dogs and small "
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  • Charles D.
    "Right by the beach and people are always walking their dogs. Great place to be. Quiet and friendly neighborhood "
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  • Kim K.
    "I drive an hour to work ever day. Driving in town in general is pretty laid back though and rarely any heavy traffic."
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  • Stephanie G.
    "I was raised in this neighborhood pretty good place to live in. Good schools. Decent restaurants not a whole lot of shopping area thought but it’s quite which is good. "
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  • A
    "Easy area to walk dogs and spend quality time outside with family. Biking or running, Albert Lea has all you need to raise a family and stay healthy while doing it. "
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  • Naheiser
    "Lived here for 3 years. My 3 neighbors are all very nice, caring people. We are tucked back on a bay of Fountain Lake with woods so it’s quiet. We see eagles and cardinals plus deer and wild turkeys! Love it here."
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  • Cole7481
    "Great place to live! Beautiful lakes, parks and people. Amazing cost of living. Places to eat, things to do. Lake, land, life! "
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  • Cole7481
    "Community events are always happening, such as Holiday events, markets, live music and festivals, etc. Great people and lots to do - lakes, land, life!"
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  • Unspecified
    "I've live in Albert Lea my whole life and honestly it's quite dull unless your a streo typically elderly person. There isn't much here for young people, jobs are few and far between, The lakes are gross."
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  • Unspecified
    "I like all the parks that are less then a mile from my house. My favorite park in my neighborhood is Frank Hall park. Frank Hall park has a play area for kids, a fishing pier, Public water access for boaters, and Gazbos that are perfect for a picnic (The humane society is by the park too! highly recommend checking it out if you want a pet.). Right across the street from the park there is a basketball and a pickleball court and the Aquatic Center."
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  • scottschmeltzer12
    "Amazing community for giving back! Relay for Life, United Way, etc. Small town that is great for raising a family. 45 minutes from Mayo Clinic-Rochester, MN. Two amazing golf courses. New High School that is beautiful."
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  • Dsrborland
    "good place to live,low crime,"
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Average Rent Trends in Albert Lea, MN

Rent in Albert Lea, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
Jun 2025$975
Jul 2025$900
Aug 2025$895
Sep 2025$860
Oct 2025$875
Nov 2025$900
Dec 2025$895
Jan 2026$900
Feb 2026$895
Mar 2026$900
Apr 2026$950
May 2026$900
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$825$925$1,274$1,500$925
Townhomes———$1,900$1,900
Apartments and Condos$825$950$989—$900
Houses—$1,200$1,195$1,500$1,195
See more information about local market trends in Albert Lea, MN

Frequently Asked Questions about Rentals in Albert Lea, MN

  • What is the average rent of an apartment in Albert Lea, MN?
    The average rent of an apartment in Albert Lea, MN is $828 per month. This is about 57% lower than the national average.
  • What is the average rent of a house in Albert Lea, MN?
    The average rent of a house in Albert Lea, MN is $1,195 per month. This is about 38% lower than the national average.
  • What is the average rent of a townhome in Albert Lea, MN?
    The average rent of a townhome in Albert Lea, MN is $1,900 per month. This is about 2% lower than the national average.
  • When is the average rent cheapest in Albert Lea, MN?
    In the last year, the average rent in Albert Lea, MN was lowest in Sep 2025 when it was $860 per month.
  • When is the average rent most expensive in Albert Lea, MN?
    In the last year, the average rent in Albert Lea, MN was highest in Jun 2025 when it was $975 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Albert Lea, MN?
    The average rent of a 1 bedroom apartment in Albert Lea, MN is $825 per month. That is about $75 less than the cost of a studio apartment.
  • How many available rental listings are in Albert Lea, MN?
    There are 27 available rental listings in Albert Lea, MN.
  • What are some cities near Albert Lea, MN?
    Some nearby cities include: Manchester, Twin Lakes, Hayward, Clarks Grove, Conger. These cities may have more rental options to explore.