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Newest Homes for Rent in Albert Lea, MN

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  • /20

    Starting at $790 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

    (507) 320-6311

    1619 W Main St, Albert Lea, MN 56007
  • /10

    Starting at $1,295 Plus Fees

    • 1 - 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

    (507) 668-7186

    750 E Front St, Albert Lea, MN 56007
  • /8

    $1,195

    Total Monthly Price

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

    423 Adams Ave, Albert Lea, MN 56007

    PETS ALLOWED* up to 50lbs. Fully remodeled large 2 bedroom, 1 bath with complete updates including new walls, paint, lights, HVAC, ceiling fans, flooring, kitchen and bathrooms. This lower level apartment features in building laundry, shared balcony and secured entry. Located close to downtown and within walking distance to numerous banks, restaurants, the public pool and post office. Water and

    423 Adams Ave, Albert Lea, MN 56007
  • /7

    $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
  • /8

    $850

    Total Monthly Price

    • Studio
    • 1 Bath
    • 800 Sq Ft
    • House for Rent

    702 E Main St, Albert Lea, MN 56007

    FOR LEASE: PREMIUM COMMERCIAL OFFICE SPACENewly Remodeled Professional Suite on Main StreetDiscover the epitome of modern business elegance at our newly remodeled commercial office space, strategically situated on Main Street in the heart of Albert Lea.Key Features:Lobby/Retail AreaLockable office/laundry roomLarge office/retail/storage in the

    702 E Main St, 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
  • /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
  • /10

    $1,400

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,064 Sq Ft
    • Condo for Rent

    709 Marshall St Unit 709 marshal st, main, 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 Unit 709 marshal st, main, Albert Lea, MN 56007
  • /5

    Starting at $625 Plus Fees

    • 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

    (507) 473-9351

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

    (507) 473-8832

    909 Janson St, Albert Lea, MN 56007

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 $900 per month, though prices vary by neighborhood, size, and property type. As of May 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 $36,000 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 $900 per month in Albert Lea, MN, renters typically need to show $2,700 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 17.6, 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 in Albert Lea, MN

Rental Home Trends

Number of Homes for Rent
12
Median Rent
$900
Median Single Family Home Rent
$1,075
Median Condo Rent
$950
How to Rent a Home