Albert Lea, MN Condos for Rent

/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
Explore Albert Lea
/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
$895

Total Monthly Price
- 2 Beds
- 1 Bath
- 1516/1520 E Hawthorne St
1516-1520 E Hawthorne St Unit 2, Albert Lea, MN 56007

1516-1520 E Hawthorne St Unit 2, Albert Lea, MN 56007
/10
$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
/13
$995

Total Monthly Price
- 2 Beds
- 1 Bath
- 650 Sq Ft
- Condo for Rent
262 S Pearl St Unit 3, Albert Lea, MN 56007

Beautifully updated 2 bedroom home with brand new appliances, flooring, carpet, fixtures, lighting & more. Kitchen features abundant cupboard & counter space. Please contact us today to set up a showing. Includes 1 stall of shared garage. Annual lease requested. Background check required. Water, sewer & trash are included. Tenant pays gas & electric. Sorry, No smoking or vapes.Pets are

262 S Pearl St Unit 3, Albert Lea, MN 56007
/11
$895

Total Monthly Price
- 2 Beds
- 1 Bath
- 1516/1520 E Hawthorne St
1516-1520 E Hawthorne St Unit 1, Albert Lea, MN 56007

1516-1520 E Hawthorne St Unit 1, 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

Minnesota Freeborn County Albert Lea

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 $895 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while condos and 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 $35,400 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 $885 per month in Albert Lea, MN, renters typically need to show $2,655 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 17.7, 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

There are currently 7 condos available for rent in Albert Lea, MN. The median rent is $895 per month, with 2-bedroom condos at $895.

Rental Home Trends

Number of Condos for Rent 7	Median Condo Rent $895
Median 2 Bedroom Condo Rent $895

How to Rent a Home

Rentals in Albert Lea

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