Cheap Apartments for Rent in Albert Lea, MN

25 rentals

Apartments For Rent Near Albert Lea, MN

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

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$880$1,195$1,500$900
Townhomes———$1,900$1,900
Apartments and Condos$825$950$1,125—$900
Houses—$995$1,195$1,500$1,195

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.