
Cheap Apartments for Rent in Alexandria, MN from $700 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in Alexandria.


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Central Lakes

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Park South Apartments

606 Broadway St

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McKay Apartments

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605 30th Ave W, Unit #8

221 6th Ave E

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Twenty08 Apartments

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10th Avenue Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

305 4th Ave E

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Westfield Apartments

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Trailside Apartments - 55+ Community

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Lakewood Apartments

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Granite Manor/Runestone

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Pheasant Run

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East Side Stories Apartments

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Lincoln Apartments

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Colonial Court
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Broadway Garden Estates

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Park and 3rd Lofts

KMA - Highland Terrace Apartments

1504 & 1508 Jefferson St

Deer Ridge Townhomes

CourtYard Apartments

The Overlook Apartments

Condamera Apartments

Lincoln Square Townhomes
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Oak Knoll Complex

Alexandria Apartments

RuneStone Apartments

Rosewood Apartments

Ridgeview Apartments

310 Hidden Acres Dr NW

312 Hidden Acres Dr NW

706 W Lincoln Ave

606 1st Ave N
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

100 7th St NE

407 E Soo St

1049 13th St N

310 8th St N

6445 132nd Ave NE

154 3rd Ave

409 Atlantic Ave

109 Velkommen St NE

1513 Jefferson St S
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

625 Iowa Ave NE

637 W Laurel St
Alexandria, MN Local Guide

How much does it cost to rent an apartment in Alexandria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alexandria Studio Apartments | $1,128 | $775 | $1,355 |
| Alexandria 1 Bedroom Apartments | $1,384 | $710 | $1,953 |
| Alexandria 2 Bedroom Apartments | $1,688 | $900 | $2,440 |
| Alexandria 3 Bedroom Apartments | $1,770 | $1,300 | $2,055 |
| Alexandria 4 Bedroom Apartments | $2,035 | $1,795 | $2,155 |
Browse Top Apartments in Alexandria
See all Apartments in AlexandriaExplore Alexandria
Alexandria, MN Local Guide
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Cheapest Available Alexandria Apartments for Rent and Nearby
 The cheapest available apartment rental in Alexandria, MN is a Studio unit found at North Valley Apartments priced from $700. Twenty08 Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $820. Here is today’s list of the most affordable Alexandria apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| North Valley Apartments | Efficiency | Studio,1BA | $700 |
| Twenty08 Apartments | A.1 TIF | Studio,1BA | $820 |
| Central Lakes | B.1 INCOME RESTRICTED | 1BR,1BA | $893 |
| Trailside Apartments - 55+ Community | COWDREY STUDIO - AVAILABLE FALL 2026! | Studio,1BA | $923 |
| Lakewood Apartments | 1 BD/1 BA | 1BR,1BA | $945 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $995 |
| Lincoln Apartments | Lincoln Apartments | 2BR,1BA | $995 |
| 10th Avenue Apartments | 1964 - 3 BD/2 BA | 3BR,2BA | $1,095 |
| Broadway Garden Estates | 1 bedroom 1 bathroom | 1BR,1BA | $1,135 |
Best Value Apartments for Rent in Alexandria, MN and Nearby
As of September 11, 2026 the best value apartment in the Alexandria area is the $1.34 price per square foot 3 Bedrooms, 2 full, 4541 Arbor Xing SE Model at Granite Manor/Runestone in the starting from $1,763. The second greatest value Alexandria apartment is the 1964 3 bed Model at Rosewood Apartments starting at $1,650 with a $1.50 price per square foot . Here is today’s list of the best values for Alexandria apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Granite Manor/Runestone | 3 Bedrooms, 2 full, 4541 Arbor Xing SE | 3BR,2BA | $1.34 |
| Rosewood Apartments | 1964 3 bed | 3BR,2BA | $1.50 |
| Westfield Apartments | 2 Bed 1 Bath Bld 1&2 | 2BR,1BA | $1.41 |
| Broadway Garden Estates | 1 bedroom 1 bathroom | 1BR,1BA | $1.19 |
| The Legacy of Alexandria | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.53 |
| Bridgewater Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.68 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.38 |
| Central Lakes | B.1 | 1BR,1BA | $1.73 |
| Lakewood Apartments | 1 BD/1 BA | 1BR,1BA | $1.45 |
| Twenty08 Apartments | A.1 TIF | Studio ,1BA | $1.66 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Alexandria, MN
Lincoln Elementary School
Alexandria Area High School
Discovery Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Alexandria, MN Rentals by Map
See the most popular apartments and homes in Alexandria, MN
Frequently Asked Questions about Cheap Alexandria Apartments
What is the Cheapest Studio apartment in Alexandria?
Currently the most affordable Cheap Studio Apartment in Alexandria is at North Valley Apartments listed at $700.
How much is rent for a Cheap One Bedroom Alexandria Apartment?
The lowest price for a Cheap One Bedroom Alexandria Apartment is $893 at Central Lakes.
What is the lowest price for a Cheap Two Bedroom Alexandria Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Alexandria is starting from $995 at McKay Apartments.
What is the most affordable Alexandria Three Bedroom Apartment?
The best deal on a cheap Alexandria Three Bedroom Apartment rental is at 10th Avenue Apartments and starts from $1,095.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.