6

Albert Lea, MN Condos for Rent

Section Image
  • /19

    $1,100

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    913 Abbott St Unit 202, Albert Lea, MN 56007

    This is a great property across from Lakeville Elementary school and one block from Fountain Lake. The condo features refinished hardwood floors and 9 foot ceilings. It has a garage as well as a community room for entertaining. Internet, heat, garbage, basic cable, water, snow and lawn care are included. You just have the electric bill. No animals. Non-smoking unit. Not set up for

    913 Abbott St Unit 202, Albert Lea, MN 56007
  • /9

    $750

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    209 S Pearl St Unit 3, Albert Lea, MN 56007

    209 S Pearl St Unit 3, Albert Lea, MN 56007
  • /9

    $950

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1516/1520 E Hawthorne Ave

    1516-1520 E Hawthorne St Unit 2, Albert Lea, MN 56007

    1516-1520 E Hawthorne St Unit 2, Albert Lea, MN 56007
  • /7

    $550

    Total Monthly Price

    • Studio
    • 1 Bath
    • Condo for Rent

    209 S Pearl St Unit 2, Albert Lea, MN 56007

    209 S Pearl St Unit 2, Albert Lea, MN 56007
  • /12

    $825

    Total Monthly Price

    • Studio
    • 1 Bath
    • 475 Sq Ft
    • Condo for Rent

    207 E 4th St, Albert Lea, MN 56007

    Ramsey Schoolhouse Apartments - Fully remodeled studio, 1 bath with complete updates including new walls, paint, lights, HVAC, ceiling fans, flooring, kitchen and bathrooms. This second floor apartment features in apartment laundry, quartz countertops, private balcony and video conference security door. Located close to downtown and within walking distance to numerous banks, restaurants, the

    207 E 4th St, Albert Lea, MN 56007
  • /5

    $875

    Total Monthly Price

    • Studio
    • 1 Bath
    • 475 Sq Ft
    • Condo for Rent

    207 E 4th St, Albert Lea, MN 56007

    Ramsey Schoolhouse Apartments - Fully remodeled Studio, 1 bath with complete updates including new walls, paint, lights, HVAC, ceiling fans, flooring, kitchen and bathrooms. This main floor apartment features in apartment laundry, quartz countertops, private balcony and security door. Located close to downtown and within walking distance to numerous banks, restaurants, the public pool and

    207 E 4th St, Albert Lea, MN 56007

Frequently Asked Questions

How much does it cost to rent a condo in Albert Lea, MN?
The median rent for a condo in Albert Lea, MN is $950 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Albert Lea, MN?
To comfortably afford the median rent in Albert Lea, MN, a household needs to earn roughly $35,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $875 per month in Albert Lea, MN, renters typically need to show $2,625 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Albert Lea, MN?
In Albert Lea, MN, the price-to-rent ratio is 18.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Albert Lea, MN

Rental Home Trends

Number of Condos for Rent
6
Median Condo Rent
$950
Median 2 Bedroom Condo Rent
$973
How to Rent a Home