Renter Resources
Don't Sign the Lease Until You Understand These Clauses
One word in your lease can cost you hundreds or save you from a nightmare. Here's how to turn legalese into clear decisions before you sign.
•10 min read
Viewing 1-6 of 6 rentals in Albert Lea
What to Know About
Life in Albert Lea & Beyond
Albert Lea shares many of the great qualities that make Minnesota a desirable place to live.
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 August 2025, 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 16.4% ($246) lower than the Minnesota average of $1,496 and 30.2% ($540) lower than the U.S. average of $1,790.
Average Rent
$1,250
Monthly ChangeMonth Over Month Change
1.8% ($22)
Yearly ChangeYear Over Year Change
6.7% ($90)
Avg. Days on MarketAverage Days on Market
47
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,162 | 0.5% ($6) | 0.8% ($9) |
| 2 Beds | $1,535 | 14.6% ($195) | 12.6% ($221) |
| 3 Beds | $1,875 | 15.6% ($253) | 8% ($163) |
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.
The average rent in Albert Lea, MN is $1,250 per month.
Homes in Albert Lea typically rent for between $813 and $2,438 per month, with an average of $1,250 per month.
In Albert Lea, the average rent for a 1-bedroom home is $1,162 per month, for a 2-bedroom home, $1,535 per month, and a 3-bedroom home is $1,875 per month.
The average rent in Albert Lea is 30.2% ($540) lower than the national average of $1,790 per month.
The average rent in Albert Lea has increased by 1.8% ($22) in the last month and decreased by 6.7% ($90) over the past year.
The rental market in Albert Lea, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
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.
There are currently 6 rental properties available in Albert Lea, MN.
Based on the current averages, a household would need an annual income of $61,400 to comfortably afford a 2-bedroom home in Albert Lea.
