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Albert Lea, MN Area Guide

Avg Rent

$849

Population

18,413

Renter Mix

32% Rent

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

Suburban Lakeside Active

Albert Lea sits at the intersection of Interstates 35 and 90 in southern Minnesota, tucked between Fountain Lake and Albert Lea Lake about 90 miles south of the Twin Cities. The city covers roughly 15 square miles and has a population just over 18,000, making it one of the larger cities in the region and the seat of Freeborn County. Residents have easy access to the waterfront, several parks, a walkable historic downtown, and Riverland Community College, which serves the area with technical and academic programs. The annual Freeborn County Fair draws visitors from across the region each summer, making it one of the most anticipated events on the local calendar. Day-to-day life in Albert Lea is shaped by the lakes. Fountain Lake and Albert Lea Lake are popular spots for fishing, kayaking, and boating in warmer months, while snowmobiling and cross-country skiing take over in winter. The Blazing Star Trail connects much of the city and gives residents a dedicated path for walking and biking. Dining, shopping, and services are concentrated along Bridge Avenue and in Historic Downtown Albert Lea, with chain retailers clustered along Garfield Avenue on the south end of town. The rental market in Albert Lea includes a range of housing types, from single-level garden apartments and small apartment communities to townhomes and detached single-family rentals. Options are spread throughout the city, with some older buildings near the downtown core and newer developments along the outer corridors.

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 July 2026, the average apartment rent in Albert Lea, MN is $736 for a studio, $849 for one bedroom, $1,103 for two bedrooms, and $853 for three bedrooms. Apartment rent in Albert Lea has increased by 4.0% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$849/month
539 Sq Ft
See Rental Market Trends in Albert Lea, MN

Learn More About Albert Lea

Getting Around

Fairly Walkable

Walkability

50 / 100

Very Drivable

Drivability

80 / 100

Fairly Bikeable

Bikeability

40 / 100

Schools

Lakeview Elementary School

Public

Grades PK-5

400 Students

Halverson Elementary School

Public

Grades PK-5

389 Students

Halverson Elementary

Public

Grades PK-5

389 Students

Lakeview Elementary

Public

Grades K-5

435 Students

Sibley Elementary

Public

Grades K-5

282 Students

Albert LEA Senior High

Public

Grades 6-12

1,218 Students

Albert Lea Senior High School

Public

Grades 6-12

1,196 Students

Southwest Middle School

Public

Grades 6-8

486 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

Albert Lea Senior High School

Public

Grades 6-12

1,196 Students

Extended School Year

Public

Grades K-12

Points of Interest

Parks and Recreation

  • Big Island State Park

Top Apartments in Albert Lea

Houses for Rent in Albert Lea

Living in Albert Lea

History

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Albert Lea takes its name from Albert Lea Lake, which was named after Albert Miller Lea, a U.S. Army topographer who surveyed southern Minnesota and northern Iowa in 1835. That surveying history is embedded in the city's identity today, and a few early-19th-century architectural styles still show up in the downtown streetscape. The historic Bessesen Building in downtown Albert Lea is one of the most recognized structures in the city, named for operatic soprano Beatrice Gjertsen Bessesen, who was born here in 1886. The Freeborn County Historical Museum and Village gives residents a tangible connection to the area's past, with a collection of period buildings and local artifacts that paint a picture of agricultural and small-town Midwest life. Downtown's Marion Ross Performing Arts Center carries the name of actress Marion Ross, best known for her long-running role on Happy Days, who grew up in Albert Lea. The 255-seat theater still hosts live performances, arts events, and community gatherings. The Albert Lea Art Center also remains active, offering rotating exhibits and programming that reflect the city's ongoing investment in local creative work.

Restaurants

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Albert Lea's restaurant scene is compact but covers a solid range of options. You'll find American comfort food staples alongside Mexican cuisine, including taquerias and sit-down spots serving tacos, tamales, and other dishes rooted in regional Mexican cooking traditions. There are also a handful of places serving Chinese-American dishes, pizza, and supper-club-style meals that are common throughout southern Minnesota. The Freeborn County Fair brings a seasonal influx of food vendors each summer, adding everything from corn dogs to locally smoked meats to the mix. Most dining is spread along Bridge Avenue and the commercial strips near Interstate 90, giving easy access from most parts of town.

Transportation

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Albert Lea's location at the junction of Interstates 35 and 90 makes it one of the more accessible small cities in Minnesota. I-35 runs north toward the Twin Cities and south toward Iowa, while I-90 stretches east toward Wisconsin and west toward South Dakota. U.S. Highway 65 also passes through town. For residents who prefer not to drive, Southern Minnesota Area Rural Transit, known as SMART, provides local bus service with a deviated fixed route and paratransit options. The Blazing Star Trail serves as a dedicated non-motorized corridor for biking and walking throughout the city. Albert Lea Municipal Airport handles general aviation needs for the area.

Parks

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Albert Lea's park system is built around its network of lakes, and Edgewater Park is one of the most-used green spaces in the city. Situated along Fountain Lake, it offers picnic areas, a boat launch, a beach area, and open lawn space. Bancroft Bay Park and Frank Hall Park are other established spots along the water with trails, fishing access, and room to spread out. The Blazing Star Trail connects parks across the city and runs along the lakeshore in several stretches, making it easy to move between green spaces without getting in a car. The city also maintains a public aquatic center and an indoor ice arena, giving residents year-round recreational options beyond the lakes. Myre-Big Island State Park is located just a few miles southeast of the city, offering camping, hiking, and more extensive lake access at Albert Lea Lake within a protected natural setting.

Cost

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Rent in Albert Lea is well below the Minnesota state average. One-bedroom apartments average around $502 per month, and two-bedroom units run approximately $690 per month based on available data. Three-bedroom rentals average around $854 per month. These figures sit notably lower than the statewide one-bedroom average of roughly $1,078. Cost of living index data specific to Albert Lea was not available at time of publication, but as a smaller, agricultural-based city in southern Minnesota, general costs for groceries, utilities, and services tend to be in line with or below the national average. The local economy has roots in agriculture, food processing, and manufacturing, with Riverland Community College also serving as a significant employer in the area.

Shopping

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Historic Downtown Albert Lea functions as the city's primary retail and commercial corridor, with storefronts along Broadway and Bridge Avenue that include locally owned shops, services, and the Albert Lea Art Center gift shop. The downtown area has been the focus of ongoing preservation and revitalization efforts, and it remains the most walkable retail district in the city. For larger-scale shopping needs, Garfield Avenue on the south side of town hosts a strip of national chain retailers, big-box stores, and service businesses. Skyline Mall, a smaller indoor shopping center, provides additional retail options within the city. The Freeborn County Fairgrounds also hosts seasonal vendor events and markets that draw shoppers from across the region.

Highlights

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Albert Lea is a lakeside city in southern Minnesota where two major interstates meet, offering affordable rents, direct access to Myre-Big Island State Park, and a walkable historic downtown anchored by a performing arts center named for a Hollywood actress who grew up right there.

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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 June 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.