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Albert Lea, MN Homes for Rent

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  • /9

    Starting at $1,245

    Total Monthly Price

    • 1 - 2 Beds

    750 E Front St, Albert Lea, MN 56007

    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 stainless-steel appliances, in an open-kitchen concept- In-unit washer and dryer- Private Patio

    Lakeview Apartments

    750 E Front St, Albert Lea, MN 56007
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    Starting at $700

    Total Monthly Price

    • Studio - 2 Beds

    133 W William St, Albert Lea, MN 56007

    Come take a look at your new home! These apartments feature soaring 9ft ceilings, dual entry to apartment, updated kitchen, bathroom and living spaces!Large “New-York” style picturesque windows fill the rooms with tons of natural light! The modern-rustic light fixture completes the charm! You’ll feel right at home!We offer a combination of different flooring! From dark grays, to

    CityView Apartments

    133 W William St, Albert Lea, MN 56007
  • /2

    Starting at $675

    Total Monthly Price

    • 1 Bed

    909 Janson St Unit B104, 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 Unit B104, Albert Lea, MN 56007
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    Starting at $790

    Total Monthly Price

    • 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
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    $1,300

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,456 Sq Ft
    • House for Rent

    529 Euclid Ave, Albert Lea, MN 56007

    Very cozy place, Home features a one bedroom on the main floor and 2 bedrooms upstairs withthe full bath up there as well. Washer and dryer in the basement. Call, text email me for a showing.

    529 Euclid Ave, Albert Lea, MN 56007
  • /8

    $1,800

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,800 Sq Ft
    • House for Rent

    26245 800th Ave, Albert Lea, MN 56007

    Enjoy peaceful country living in this spacious three-bedroom home with plenty of room to. The main floor features one bedroom, a full bathroom, a large kitchen, and generous living space perfect for relaxing or entertaining. Upstairs, you’ll find two additional bedrooms. A two-stall garage provides plenty of space for vehicles, storage, or hobbies. If you’re looking for extra space and the quiet

    26245 800th Ave, Albert Lea, MN 56007
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    $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
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    $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
  • /2

    $1,600

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,100 Sq Ft
    • Condo for Rent

    1710 Gateway Dr, Albert Lea, MN 56007

    Tastefully updated 3 bedroom executive rental with tons of space and a large back yard. This unit features multiple levels of living and includes a washer and dryer, tuck under garage with extra storage space, central air/heat, and a large driveway. You also can relax in the shaded back yard on the private patio. The security depDOGS ALLOWED* up to 50lbs AND ANNUAL LEASE REQUIRED. SORRY

    1710 Gateway Dr, Albert Lea, MN 56007
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    $1,250

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 750 Sq Ft
    • Condo for Rent

    207 E 4th St, Albert Lea, MN 56007

    Ramsey Schoolhouse Apartments - Fully remodeled large 2 bedroom, two 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,

    207 E 4th St, Albert Lea, MN 56007
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    $995

    Total Monthly Price

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

    424 Bridge Ave Unit 2, 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 Unit 2, Albert Lea, MN 56007
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    $725

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    127 Elizabeth Ave Unit 4, Albert Lea, MN 56007

    This upstairs 1 bedroom, 1 bathroom apartment offers an easy, open-floorplan layout with plenty of natural light. It’s part of a quiet four-plex and includes coin-operated laundry in the building for convenient wash days.Limited off-street parking is available, and the location puts you close to both Fountain Lake and Albert Lea Lake, with quick access to Main Street and I-35 for

    127 Elizabeth Ave Unit 4, Albert Lea, MN 56007
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    $695

    Total Monthly Price

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

    930 S Broadway Ave, Albert Lea, MN 56007

    Newly remodeled lower level one bedroom apartment. Updates include; new sheetrock, paint, lighting, flooring, kitchen with stainless steel appliances, bathroom and carpeting. Water/sewer and garbage are included in rent.Pets are Ok with a signed lease, updated vaccinations and the agreed upon monthly fee of $50/mo. Applicants must pass a criminal and credit background

    930 S Broadway Ave, Albert Lea, MN 56007
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    $750

    Total Monthly Price

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

    517 E 4th St, Albert Lea, MN 56007

    LANDMARK APARTMENTS: Large turn of the century building. It was originally a dorm for a college that used to stand where the playground and hockey rink are today. It's 3 stories and features original painted woodwork in the building as well as an open staircase.Newly painted 2nd Floor 1 Bedroom apartment with hardwood floors in the historic Luther Academy dorms. The building if

    517 E 4th St, Albert Lea, MN 56007
  • /17

    $1,100

    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
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    $895

    Total Monthly Price

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

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

    Quiet setting, updated style, and a great location — this upper-level 2-bedroom, 1-bath unit checks all the boxes. The home offers a clean, modern feel with fresh finishes, a functional layout, and off-street parking.Close to Albert Lea’s shopping, dining, and daily essentials, this unit delivers both comfort and convenience. Pet-friendly options available, making it an excellent choice

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

    $650

    Total Monthly Price

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

    710 S Washington Ave Unit 3, Albert Lea, MN 56007

    1br home available in fourplexAmple yard spacePet-friendlyTenants pay gas, electric, and internet12 Month LeasesWe screen for evictions and convictions

    710 S Washington Ave Unit 3, Albert Lea, MN 56007
  • /2

    $1,600

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,100 Sq Ft
    • Condo for Rent

    1710 Gateway Dr Unit 1, Albert Lea, MN 56007

    Tastefully updated 3 bedroom executive rental with tons of space and a large back yard. This unit features multiple levels of living and includes a washer and dryer, tuck under garage with extra storage space, central air/heat, and a large driveway. You also can relax in the shaded back yard on the private patio. The security dep DOGS ALLOWED* up to 50lbs AND ANNUAL LEASE REQUIRED. SORRY NO

    1710 Gateway Dr Unit 1, Albert Lea, MN 56007
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    $950

    Total Monthly Price

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

    1302 Madison Ave Unit 1, Albert Lea, MN 56007

    Welcome to 1302 Madison Avenue – a beautifully renovated 2-bedroom apartment that combines modern comfort with tranquil charm. Enjoy serene, countryside views right from your window, all while staying just moments away from the best that Albert Lea has to offer. This is the perfect place to call home, where convenience and peaceful living come together.We pride ourselves on being

    1302 Madison Ave Unit 1, 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 $995 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes and townhouses 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 $39,800 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 $995 per month in Albert Lea, MN, renters typically need to show $2,985 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 15.8, 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
20
Median Rent
$995
Median Single Family Home Rent
$1,300
Median Townhouse Rent
$1,600
Median Condo Rent
$973
How to Rent a Home