Albert Lea

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Albert Lea, MN Area Guide

Avg Rent

$875

Population

18,413

Renter Mix

32% Rent

Bask in lakeside recreation and small-town festivities in southern Minnesota

Suburban Lakeside Active Scenic Peaceful Welcoming Close-Knit Accessible Affordable Quiet

Cradled between Fountain Lake and Albert Lea Lake in southern Minnesota, Albert Lea is known as “The Land Between the Lakes.” Albert Lea’s close proximity to amenities such as the Blazing Star Bike Trail, Myre Big Island State Park, Edgewater Park, numerous golf courses, and area lakes provides residents with access to year-round recreational opportunities like fishing, boating, kayaking, canoeing, camping, golfing, biking, skiing, and snowmobiling.

Albert Lea residents also enjoy taking classes and touring exhibits at the Albert Lea Art Center, exploring the Freeborn County Historical Museum and Village, and shopping in Historic Downtown Albert Lea. An array of annual events brings the community together in Albert Lea, including the Big Freeze, Freeborn County Fair, 2nd of July Car Show, 3rd of July Parade, and 4th of July Fireworks. Albert Lea is accessible to Interstates 35 and 90, allowing for simple commutes and travels.

Demographics

Median Household Income

$52,782

Average: $71,200

Education

2,849

Residents Have a Degree

Job Market

8,596

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

42 Years

Largest Age Group

10-19 Years

Approximately 13% of Residents

Under 20

24%

Over 65

24%

Housing Distribution

Albert Lea has more homeowners than renters.

Renters
32%
Non-Renters
68%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
11%
Other Education
89%

Rent Trends

As of April 2026, the average apartment rent in Albert Lea, MN is $706 for a studio, $875 for one bedroom, $1,112 for two bedrooms, and $851 for three bedrooms. Apartment rent in Albert Lea has increased by 15.1% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$875/month
554 Sq Ft
See Rental Market Trends in Albert Lea, MN

Getting Around

Fairly Walkable

Walkability

50 / 100

Very Drivable

Drivability

80 / 100

Fairly Bikeable

Bikeability

40 / 100

Schools

Halverson Elementary

Public

Grades PK-5

389 Students

Lakeview Elementary

Public

Grades K-5

435 Students

Sibley Elementary

Public

Grades K-5

282 Students

Hawthorne Elementary

Public

Grades PK-5

424 Students

Extended School Year

Public

Grades K-12

Albert LEA Senior High

Public

Grades 6-12

1,218 Students

Southwest Middle

Public

Grades 6-8

474 Students

Extended School Year

Public

Grades K-12

Albert LEA Senior High

Public

Grades 6-12

1,218 Students

Extended School Year

Public

Grades K-12

Points of Interest

Shopping Centers

Parks and Recreation

  • Big Island State Park

Top Apartments in Albert Lea

Houses for Rent in Albert Lea

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.