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Albion, IN Homes for Rent

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    Starting at $995 Per Month

    • 2 Beds

    208 Autumn Hills Dr, Albion, IN 46701

    Now available Autumn Hills II in Albion!! These newly renovated all electric 1 bedroom apartments. Each unit offers fresh paint, new appliance, new LVP in common areas and new carpet in bedrooms. All units accept small animals max 2 with approved screening and are non smoking/vaping.

    Autumn Hills II Apartments

    208 Autumn Hills Dr, Albion, IN 46701
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    $875 Per Month

    • 1 Bed
    • 1 Bath
    • House for Rent

    204 Autumn Hls Dr, Albion, IN 46701

    Newly renovated 1-bedroom, 1-bath apartment in Albion, IN, offering a modern, high-end finish throughout. The unit features new LVP and carpet, fresh paint in a contemporary palette, modern fixtures, wall AC, and electric baseboard heat. The renovated kitchen includes new appliances, painted cabinets, new countertops, and a large sink and faucet. Water and sewer are included; off-street parking

    204 Autumn Hls Dr, Albion, IN 46701
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    $1,150 Per Month

    • 2 Beds
    • 1 Bath
    • House for Rent

    506 N York St, Albion, IN 46701

    Very clean and well kept home in Albion for rent in town. New vinyl plank and carpet in living areas and bedrooms. The house is walking distance to the coffee shop and different restaurants in town. There is a washer and dryer hookup in the home. All applicants must be approved before a showing is scheduled. All applicants must be able to pass a background check, have a

    506 N York St, Albion, IN 46701

Why Live in Albion

Albion, Indiana, is a small agricultural community that evolved into an industrial hub with the arrival of railroads in the 1870s. The town's historic charm is anchored by the Noble County Courthouse in the downtown historic district, featuring century-old homes and Italianate storefronts. Local dining options include Albion Ale House, El Mariachi Mexican Grill, and Albion Pizza Depot, which has a railroad-themed dining room. Downtown shops like Heath’s Antiques and Butterfly Alley Gifts add to the local flavor, while larger retail options are available 12 miles away in Kendallville. Housing in Albion ranges from Victorian and bungalow homes near downtown to ranch-style and New Traditional homes in subdivisions. Central Noble Primary School, part of the Central Noble Community Schools district, is highly rated. For outdoor activities, Hidden Diamonds Park offers a walking trail, splash pad, baseball fields, and a disc golf course, while Valleyview Park features a baseball field and playground. Nearby Chain O’ Lakes State Park provides over 23 miles of hiking trails, kayaking, and fishing opportunities. Albion hosts annual events like the Chain O’ Lakes Festival in June and Christmas in the Village in December, which includes a holiday lights parade and local shopping. State roads 8 and 9 connect Albion to Fort Wayne, approximately 35 miles away, with Fort Wayne International Airport about 40 miles distant.

Frequently Asked Questions

How much does it cost to rent a home in Albion, IN?
The median rent for a home in Albion, IN is $1,012 per month, though prices vary by neighborhood, size, and property type. As of August 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Albion, IN?
To comfortably afford the median rent in Albion, IN, a household needs to earn roughly $40,480 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 $1,012 per month in Albion, IN, renters typically need to show $3,036 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 Albion, IN?
In Albion, IN, the price-to-rent ratio is 16.6, 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.
What neighborhoods in Albion, IN are best for renting a home?
The best neighborhood for renting in Albion, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Northeast Fort Wayne, Brookside-Parkerdale and Northwest Fort Wayne, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,012
Median Single Family Home Rent
$1,013
How to Rent a Home