Rentometer, Inc. | Data as of 10/22/2025
Albert Lea, a welcoming metro community in southern Minnesota, offers a balanced rental market that blends the charm of smallâtown living with convenient access to regional amenities. Residents enjoy a mix of wellâmaintained singleâfamily homes and modern apartment complexes, making it easy to find a place that fits a variety of lifestyles. The downtown area features historic brick storefronts, the scenic Riverbank Park along the Le Sueur River, and a lively arts scene, while nearby Lake Albert provides yearâround recreational opportunities such as fishing, boating, and hiking.
For renters focused on apartments, oneâbedroom units typically hover around the $1,000 range, with recent data showing an average near $1,070 and a median close to $1,200. Twoâbedroom apartments are positioned in the $1,300 range, with an average of about $1,310 and a median near $1,490, reflecting the areaâs affordable yet comfortable living options. These figures underscore Albert Leaâs reputation for delivering value without sacrificing quality, attracting both young professionals and families seeking a stable, communityâoriented environment.
Beyond housing, Albert Lea boasts convenient access to major highways, a growing local economy anchored by healthcare, manufacturing, and retail, and cultural attractions like the Albert Lea Art Center and annual festivals that celebrate the regionâs heritage. Whether youâre drawn by the inviting neighborhoods, the proximity to outdoor recreation, or the friendly atmosphere, the rental market here provides a solid foundation for a rewarding lifestyle in Minnesotaâs vibrant metro corridor.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,071 | $1,195 | $625 - $1,415 | $745 - $1,375 |
| Apartment | 2 Bedroom | $1,313 | $1,490 | $845 - $1,900 | $850 - $1,745 |
In the current period, the average rent in Albert Lea, MN was
$1,009 for 1 Bedroom, and
$1,263 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.