Updated 5+ Days Ago
Highlights
- Hardwood floors
- Refrigerator
- Washer/dryer
- Convenient location
- Cozy living space
- Driveway parking
Location
701 Water St #1, Albert Lea, MN 56007, USA
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Amenities for 701 Water St #1
Features
| Driveway | Dryer |
| Forced Air | Gas |
| Hardwood Floor | Linoleum Vinyl |
| Utilities Included | Washer |
| Water |
Appliances
| In-Unit Laundry | Range/Oven |
| Refrigerator |
Community
| Sewage |
Grounds
| Assigned Parking | Lawn |
| Outdoor Space |
Services
| Garbage | Recycling |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 701 Water St #1
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.
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 347 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.4 mile away
- Middle school nearby
- There is a middle school 1 mile away
- Images available
- There are at least 10 photos of this address
Address details
| Zip code | 56007 |
|---|---|
| Type | Condo for rent |
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Rent trends in Albert Lea
2-bedroom apartments at 701 Water St #1 cost about the same as the average rent price for 2-bedroom apartments in Albert Lea.
Median rents as of Aug 15 2026.
Albert Lea
| Month | Median Rent |
|---|---|
| August 2024 | $1,100 |
| September 2024 | $1,350 |
| October 2024 | $1,350 |
| November 2024 | $1,313 |
| December 2024 | $1,350 |
| January 2025 | $1,228 |
| February 2025 | $1,128 |
| March 2025 | $1,115 |
| April 2025 | $1,202 |
| May 2025 | $1,095 |
| June 2025 | $1,150 |
| July 2025 | $1,186 |
| August 2025 | $1,188 |
| September 2025 | $1,210 |
| October 2025 | $1,199 |
| November 2025 | $1,189 |
| December 2025 | $1,102 |
| January 2026 | $1,095 |
| February 2026 | $1,132 |
| March 2026 | $1,181 |
| April 2026 | $1,150 |
| May 2026 | $1,109 |
| June 2026 | $1,172 |
| July 2026 | $1,062 |
| August 2026 | $1,091 |
Affordability calculator
Can I afford to live at 701 Water St #1?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$44,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $44,000 annually to afford this 2-bedrooms monthly rent price of $1,100.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 3 years ago | $565 | 1 bed | 1 bath | ||
| 4 years ago | $725 | 2 bed | 1 bath | ||
| 4 years ago | $550 | 1 bed | 1 bath | ||
| 6 years ago | $550 | 1 bed | 1 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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Internet available near 701 Water St #1
Getting around Albert Lea near 701 Water St #1
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 #1, 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
Other units at this address
701 Water St, Albert Lea, MN
701 Water St Albert Lea, MN
Occupied
2
1 Bed
1 Bath
$635
On-Site Laundry • In-Unit Laundry • Assigned Parking • Hardwood Floor • Balcony
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Check availability
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