21

Albert Lea, MN Homes for Rent

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  • /10

    Starting at $1,445 Plus Fees

    • 2 Beds

    750 E Front St, Albert Lea, MN 56007

    Find Your Perfect Home at Edgeview Apartments – Modern Living with Exceptional Comfort!Welcome to Lakeview Apartments, where contemporary design meets everyday convenience in Albert Lea. Whether you're looking for a spacious 1, or 2 bedroom home, our modern apartments are designed to elevate your lifestyle.Each Apartment Features:- Pet friendly & smoke free- Sleek

    Lakeview Apartments

    750 E Front St, Albert Lea, MN 56007
  • /21

    Starting at $825 Plus Fees

    • 1 - 2 Beds

    1619 W Main St, Albert Lea, MN 56007

    Introducing Skye Lofts in Albert Lea, MN. This spacious apartment features many different unit options, perfect for those looking for a comfortable living space. Enjoy the convenience of off-street parking and secure building access, as well as the luxury of temperature-controlled indoor parking. Stay active in our on-site fitness room and take advantage of the green space for outdoor

    Skye Lofts Apartments

    1619 W Main St, Albert Lea, MN 56007
  • /2

    Starting at $625 Plus Fees

    • 1 Bed

    909 Janson St, Albert Lea, MN 56007

    Like Kwik Trip? The 3 buildings that make up the A Lea Apartments have a neighborhood Kwik Trip surrounded. The complex is also just a 5 minute drive from anywhere you may need to be in the city due to it's central location. On-site laundry and off-street parking. We just updated the flooring in our common areas and hallways. Most units, roughly 60 of the 71 units, have been updated within

    A-Lea Apartments

    909 Janson St, Albert Lea, MN 56007
  • /22

    $950 - $1,350

    Total Monthly Price

    • 1 - 2 Beds
    • 1 Bath
    • 745 Sq Ft
    • Condo for Rent

    709 Marshall St, Albert Lea, MN 56007

    2 bath room place with all new windows and appliances. Rent include all utilies but gas. We will do the lawn and snow removal.

    709 Marshall St, Albert Lea, MN 56007
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    $750

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • Condo for Rent

    126 W William St Unit 2, Albert Lea, MN 56007

    Upstairs Downtown Apartment. Just painted!! And new floors.

    126 W William St Unit 2, Albert Lea, MN 56007
  • /22

    $950 - $1,350

    Total Monthly Price

    • 1 - 2 Beds
    • 1 Bath
    • 745 Sq Ft
    • Condo for Rent

    709 Marshall St, Albert Lea, MN 56007

    2 bath room place with all new windows and appliances. Rent include all utilies but gas. We will do the lawn and snow removal.

    709 Marshall St, Albert Lea, MN 56007
  • /10

    $1,050

    Total Monthly Price

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

    506 W College St Unit 506, Albert Lea, MN 56007

    Spacious three bedroom. Laundry in unit. One stall garage.

    506 W College St Unit 506, Albert Lea, MN 56007
  • /14

    $1,100 Per Month

    • 2 Beds
    • 1 Bath
    • 2,494 Sq Ft
    • Apartment for Rent

    701 Water St, Albert Lea, MN 56007

    Main floor 2-bedroom apartment in a convenient central Albert Lea location. The apartment features a comfortable living room, functional kitchen, full bathroom, abundant natural light and off-street parking. Shared laundry is available on the property. Heat, gas, water and trash are included; tenant pays electricity and optional cable/internet. No smoking. One year lease, application, background

    Lucas Schuster Leland Realty

    701 Water St, Albert Lea, MN 56007
  • /22

    $1,100 Plus Fees

    • 2 Beds
    • 1 Bath
    • 1,247 Sq Ft
    • Condo for Rent

    701 Water St Unit 1, Albert Lea, MN 56007

    Property Id: 2756398 Welcome to your new home at 701 Water Street in Albert Lea! This charming 2-bedroom, 1-bathroom unit offers a convenient location with included utilities and amenities such as a refrigerator, oven, washer/dryer, and hardwood floors. Enjoy the spacious living area, shared washer/dryer, and driveway parking. Don't miss out on this opportunity for a cozy and convenient

    701 Water St Unit 1, 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

    $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
  • /7

    $850

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    424 Bridge Ave, Albert Lea, MN 56007

    Spacious 1 bedroom 1 bath apartment located in downtown, above Eaton Sport and Spine near Fountain Lake. Located in a secure building, large closets in the unit, along with a storage unit in the basement for extra storage. Coin operated laundry available onsite along with off street private parking. Tenant to pay electric. Water/sewer, heat, gas and garbage included. AC units included as well.

    424 Bridge Ave, Albert Lea, MN 56007
  • /17

    $995

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • Condo for Rent

    424 Bridge Ave, Albert Lea, MN 56007

    Spacious 2 bedroom 1 bath apartment located in downtown, above Eaton Sport and Spine with a beautiful view of Fountain Lake. Located in a locked building, large closets in the unit, along with a storage unit in the basement for extra storage. Coin operated laundry available onsite, along with off street private parking. Tenant to pay electric. Water/sewer, heat, gas and garbage included. AC units

    424 Bridge Ave, Albert Lea, MN 56007
  • /15

    $925

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    836 S Newton Ave Unit 1, Albert Lea, MN 56007

    836 S Newton Ave Unit 1, Albert Lea, MN 56007
  • /7

    $950

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 650 Sq Ft
    • Condo for Rent

    423 Adams Ave, Albert Lea, MN 56007

    PETS ALLOWED* up to 50lbs. Fully remodeled large 1 bedroom, 1 bath with complete updates including new walls, paint, lights, HVAC, ceiling fans, flooring, kitchen and bathrooms. This main floor apartment features in building laundry and secured entry. Located close to downtown and within walking distance to numerous banks, restaurants, the public pool and post office. Water and garbage are

    423 Adams Ave, Albert Lea, MN 56007
  • /17

    $1,075

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    930 S Broadway Ave, Albert Lea, MN 56007

    Beautifully remodeled second floor 2 bedroom unit with large kitchen space. All new appliances and fixtures throughout along with 2 secure entrances. This unit is located near dining, stores and is minutes from downtown. Water, sewer & trash included. Tenant pays gas & electric. Pets are Ok with a $250 pet deposit and a $50/mo pet fee. Dogs must have updated vaccination records and must

    930 S Broadway Ave, Albert Lea, MN 56007

Why Live in Albert Lea

Albert Lea, a small town in southern Minnesota with a population of about 18,000, is known for its picturesque lakes and vibrant community. Located approximately 90 miles south of the Twin Cities, Albert Lea features Fountain Lake and Albert Lea Lake, which are central to the town's outdoor recreation. Residents enjoy activities such as boating, fishing, waterskiing, kayaking, and canoeing. The town offers a variety of home styles, including bungalows, ranches, split- and bi-levels, with waterfront properties being the most sought after. Albert Lea boasts over 300 acres of parklands across more than 40 parks, including Myre Big Island State Park, which is home to diverse wildlife and a savanna landscape. The town's crime rate is lower than the national average, contributing to its appeal. Albert Lea's downtown area is lively with boutiques, local shops, and dining options like 112 on Broadway and Jake's Pizza. The town hosts numerous seasonal events, such as Wind Down Wednesdays and the Big Freeze, fostering a strong sense of community. Interstates 35 and 90 provide easy access to nearby cities, and Mason City Municipal Airport offers daily flights to Chicago. The SMART bus service facilitates local transportation. Albert Lea's humid climate brings hot summers and cold winters, with beautiful spring and fall seasons.

Frequently Asked Questions

How much does it cost to rent a home in Albert Lea, MN?
The median rent for a home in Albert Lea, MN is $950 per month, though prices vary by neighborhood, size, and property type. As of August 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 $38,000 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 $950 per month in Albert Lea, MN, renters typically need to show $2,850 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 16.2, 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.

Rental Home Trends

Number of Homes for Rent
16
Median Rent
$950
Median Single Family Home Rent
$1,238
Median Condo Rent
$925
How to Rent a Home