Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

Albert Lea, MN

As of April 2026, Albert Lea's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Albert Lea's average rent is 27.5% ($421) lower than the Minnesota average of $1,529 and 38.0% ($680) lower than the U.S. average of $1,788.

Average Rent

$1,108

Monthly ChangeMonth Over Month Change

4.1% ($47)

Yearly ChangeYear Over Year Change

18.7% ($255)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$994	8.3% ($76)	15% ($176)
2 Beds	$1,141	7.5% ($93)	37.2% ($675)
3 Beds	$1,438	5.3% ($81)	31.4% ($659)

Nearby Cities	Average Rent	Avg. Rent vs. Albert LeaAverage Rent vs. Albert Lea	Avg. Days on MarketAverage Days on Market
Ellendale	$1,254	13.2% ($146)	43 days
Austin	$1,052	5.1% ($56)	44 days
Blooming Prairie	$1,270	14.6% ($162)	43 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Albert Lea Rental Market FAQs

Explore rental prices, market trends, and availability in Albert Lea, MN.

What is the average rent in Albert Lea, MN?

The average rent in Albert Lea, MN is $1,108 per month.

What is the rental price range for homes in Albert Lea, MN?

Homes in Albert Lea typically rent for between $696 and $1,869 per month, with an average of $1,108 per month.

What is the average rent for different bedroom sizes in Albert Lea, MN?

In Albert Lea, the average rent for a 1-bedroom home is $994 per month, for a 2-bedroom home, $1,141 per month, and a 3-bedroom home is $1,438 per month.

How do rent prices in Albert Lea, MN compare with the national average?

The average rent in Albert Lea is 38% ($680) lower than the national average of $1,788 per month.

How have rent prices in Albert Lea, MN changed recently?

The average rent in Albert Lea has decreased by 4.1% ($47) in the last month and decreased by 18.7% ($255) over the past year.

How competitive is the rental market in Albert Lea, MN?

The rental market in Albert Lea, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.

How long do rentals stay on the market in Albert Lea, MN?

In Albert Lea, MN, the average rental stays on the market for approximately 47 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Albert Lea, MN?

There are currently 10 rental properties available in Albert Lea, MN.

Can I afford to rent a home in Albert Lea, MN?

Based on the current averages, a household would need an annual income of $45,640 to comfortably afford a 2-bedroom home in Albert Lea.