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701 Water St
701 Water St, Albert Lea, MN 56007, USA

Monthly rent-
Beds1–2
Baths1
Sqft1,247
modified
Updated 5+ Days Ago

Units

701 Water St Albert Lea, MN

Occupied Units

Occupied

2

1 Bed

1 Bath

$635

Listed by William Schuster
Days on market: 900
Property Id: 1169967 Original single family home done up into 3 plex! Corner lot. #2 is upstairs. Huge oak tree. Wood floors, plenty of storage. Access to shared upstairs balcony. Suitable for single or couple. Basement has coin washer and dryer.

Occupied

1

2 Beds

1 Bath

$1,100

Listed by William Schuster
Days on market: 61
Property Id: 2756398 Welcome to your new home at 701 Water Street in Albert Lea! This charming 2-bedroom, 1-bathroom unit offers a convenient location with included utilities and amenities such as a refrigerator, oven, washer/dryer, and hardwood floors. Enjoy the spacious living area, shared washer/dryer, and driveway parking. Don't miss out on this opportunity for a cozy and convenient living space. Great applications will have household income of 3x rent each month.

Amenities for 701 Water St

Some units at this address have these amenities. View unit details for more information.

Building
  • Dogs Ok
  • Outdoor Space
  • On-Site Laundry
  • Storage
Unit Amenities
  • Assigned Parking
  • In-Unit Laundry
  • Hardwood Floor
  • Balcony
  • On-Site Laundry

Policies at 701 Water St

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Assigned Parking

Dog Policy

Allowed

Cat Policy

Not allowed

Contact for more information on pet policy.

About 701 Water St

Home 701 Water St #1, Albert Lea, MN 56007, USA

Interested in leasing 701 Water St, Albert Lea, MN 56007, USA? We have detailed property and location information to help you better understand the unit and the neighborhood. Our team is working on gathering photos, amenities, transportation, and local school information in order to help you make your decision on where you want to live. Below, you can compare the rent price at 701 Water St, Albert Lea, MN 56007, USA vs overall rent prices in Albert Lea, MN. We have compiled nearby businesses and things to do close to 701 Water St, Albert Lea, MN 56007, USA.

Address details

Units2
Units available0
City
Zip code56007

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 701 Water St, Albert Lea, MN 56007, USA compares to other nearby properties.

Positives

More space
The 2-bedroom is 397 sqft larger than other listings nearby
Eco-friendly trash disposal
This address has recycling pickup
Images available
There are at least 10 photos of this address

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Rent trends in Albert Lea

If you decide to upgrade your space, you can expect 2-bedrooms at 701 Water St #1 to be 11% more than the average for similarly sized apartments in Albert Lea.

Median rents as of Sep 19 2026.
Albert Lea
A table of studio rental data trends in Albert Lea
MonthMedian Rent
November 2024$900
December 2024$900
February 2025$866
March 2025$890
April 2025$900
June 2025$900
November 2025$825
December 2025$862
January 2026$900
February 2026$900
March 2026$887
April 2026$856
May 2026$895
June 2026$875
July 2026$872
August 2026$900
September 2026$900

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 701 Water St, Albert Lea, MN.
3 months ago$1,1002 bed1 bath
3 years ago$5651 bed1 bath
2 Beds, 1 Bath5 years ago$7252 bed1 bath
1 Bed, 1 Bath5 years ago$5501 bed1 bath

Schools near 701 Water St #1

Lakeview Elementary School

902 abbott st

albert lea, MN, 56007

K-5Public
B

Brookside Early Childhood Special Education

211 west richway dr

albert lea, MN, 56007

PKPublic

Enrich Alden

215 n broadway ave

alden, MN, 56009

K-12Public
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Getting around Albert Lea near 701 Water St

Walking

4/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
More spots are within biking distance and some roads are cyclist-friendly.

Points of interest for 701 Water St, Albert Lea

Groceries

6/10
Variety of groceries within a short drive

Shopping

5/10
Variety of shops within a short drive

Cafes

3/10
Some cafés within a short drive

Restaurants

5/10
Variety of restaurants within a short drive

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

3/10
At least one high school within a 30-minute walk

Nightlife

5/10
Variety of bars within a short drive

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