How many apartments are available in 56007 on Rentable.co?

Rentable.co has 4 apartments available for rent in 56007.

What is the average rent for an apartment in 56007?

The average rent for an apartment in 56007 is around $1,350 per month.

What is the average rent for a one-bedroom apartment in 56007?

The average rent for a one-bedroom apartment in 56007 is around $1,000 per month.

What is the average rent for a two-bedroom apartment in 56007?

The average rent for a two-bedroom apartment in 56007 is around $1,785 per month.

What is the average rent for a studio apartment in 56007?

The average rent for a studio apartment in 56007 is around $540 per month.

Apartments in 56007

Albert Lea:
November Rent Report

Welcome to the November 2024 Albert Lea Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Albert Lea rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Albert Lea and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Albert Lea average rent prices in the chart below.

Monthly Rent Report

$1,850

$1,390

$930

$460

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

1 BR 2 BR

Albert Lea Rent Prices Decrease From October to November

Albert Lea rent prices decreased over the last month. From October to November, the city experienced a -0.23% decrease for the price of a one-bedroom apartment. The rent price for a Albert Lea one-bedroom apartments currently stands at $871.0.

When we take a look at the two-bedroom comparison from October to November, Albert Lea experienced a 0.0% decrease for the price of a two-bedroom apartment. The rent price for a Albert Lea two-bedroom apartments currently stands at $1,785.0.

November Prices: Albert Lea vs. Surrounding Areas

Rent Prices in Albert Lea and Surrounding Areas

Rent prices have decreased in Albert Lea over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Albert Lea suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Albert Lea suburbs
Rents did not decrease in any of the Albert Lea suburbs.

November 2024 Pricing Trends: Albert Lea vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,211

$3,115

$2,373

$2,354

$1,903

$1,338

$1,246

$1,202

$1,400

$2,800

$4,200

$5,600

Median Rent

Albert Lea Rent Prices More Affordable Than Major Cities

Rent growth in Albert Lea over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Albert Lea average rent prices appear to be relatively affordable for local residents.

The price for a Albert Lea one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Albert Lea and surrounding area rent prices, take a look at the complete data set below.

Data set for Albert Lea and suburbs

	1 BR November	1 BR M/M % Change	2 BR November	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.