Rentometer, Inc. | Data as of 10/22/2025
Albert Lea’s rental market blends the charm of a Midwestern city with a variety of housing options that appeal to professionals, families, and retirees alike. The city’s well‑maintained neighborhoods—such as the historic downtown district, River Bend, and the leafy areas surrounding Albert Lea Lake—offer easy access to boutique shops, cafés, and cultural venues, creating a vibrant community atmosphere for renters. Proximity to major employers, the Twin Cities, and outdoor recreation areas makes Albert Lea an attractive base for those seeking a balanced lifestyle.
Within the rental landscape, both single‑family homes and multifamily apartments are represented, providing flexibility for different household sizes and preferences. Apartment seekers will find a range of one‑ and two‑bedroom units, with average rents hovering in the $1,070 range for one‑bedroom homes and around $1,310 for two‑bedroom layouts, reflecting a competitively priced market compared to larger metropolitan areas. Many of these apartments feature modern amenities, on‑site parking, and easy connections to public transit routes that link the city’s business corridors and entertainment hubs.
Beyond the apartments, the limited but appealing selection of houses offers additional space and the opportunity for private yards—ideal for pet owners or hobbyists. Residents enjoy close proximity to Albert Lea’s renowned outdoor attractions, including the scenic lakeshore parks, the Mankato River trail system, and annual events like the Riverfest celebration. With its welcoming community spirit, convenient amenities, and affordable rental choices, Albert Lea continues to be a compelling destination for anyone looking to call Minnesota home.
| 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 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.