
Cheap Apartments for Rent in Alexandria, MN from $400 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Alexandria.


Total Monthly Price
528 Broadway St, Unit 3

McKay Apartments

Twenty08 Apartments

10th Avenue Apartments

Total Monthly Price
Trailside Apartments - 55+ Community

Lakewood Apartments

Total Monthly Price
Pheasant Run
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.

Granite Manor/Runestone

Lincoln Apartments

Hillside Apartments

East Side Stories Apartments

Central Lakes

Colonial Court

1723 Nokomis St

Broadway Garden Estates
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.

Westfield Apartments

Park and 3rd Lofts

KMA - Highland Terrace Apartments

1504 & 1508 Jefferson St

Deer Ridge Townhomes

Park South Apartments

CourtYard Apartments

Rosewood Apartments
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.

The Overlook Apartments

Condamera Apartments

Lincoln Square Townhomes

Oak Knoll Complex

Alexandria Apartments

RuneStone Apartments

Ridgeview Apartments

100 7th St NE
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.

710 18th St S

708 18th St S

310 8th St N

216 5th St SW

17 3rd Ave NE

154 3rd Ave

911 2nd Ave NE

1240 Northern Ave
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.
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 | $1,142 | $775 | $1,295 |
| Alexandria 1 Bedroom Apartments | $1,369 | $700 | $1,968 |
| Alexandria 2 Bedroom Apartments | $1,697 | $900 | $2,919 |
| Alexandria 3 Bedroom Apartments | $1,775 | $1,394 | $1,995 |
| Alexandria 4 Bedroom Apartments | $2,045 | $1,795 | $2,095 |
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 |
| 10th Avenue Apartments | 1873 - Studio/1BA | Studio,1BA | $850 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $900 |
| Trailside Apartments - 55+ Community | ? COWDREY STUDIO - AVAILABLE FALL 2026! | Studio,1BA | $938 |
| Granite Manor/Runestone | Studio, 1 full, 611 sqft, 4727 Arbor Xing SE | Studio,1BA | $995 |
| Lakewood Apartments | 2 BD/1 BA | 2BR,1BA | $1,095 |
| Westfield Apartments | 1 Bed 1 Bath Bld 3 | 1BR,1BA | $1,135 |
| Rosewood Apartments | 1964 1 bed | 1BR,1BA | $1,150 |
| Ridgeview Apartments | 1873 Studio A | Studio,1BA | $1,195 |
Best Value Apartments for Rent in Alexandria, MN and Nearby
As of July 28, 2026 the best value apartment in the Alexandria area is the $1.30 price per square foot 2 Bedrooms, 2 full, 1141 sqft, 3709 South Broad... Model at Lakewood Terrace-3707 in the starting from $1,485. The second greatest value Alexandria apartment is the 2 BD/1 BA Model at Lakewood Apartments starting at $1,095 with a $1.29 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. |
|---|---|---|---|
| Lakewood Terrace-3707 | 2 Bedrooms, 2 full, 1141 sqft, 3709 South Broad... | 2BR,2BA | $1.30 |
| Lakewood Apartments | 2 BD/1 BA | 2BR,1BA | $1.29 |
| The Legacy of Alexandria | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.53 |
| Westfield Apartments | 1 Bed 1 Bath Bld 3 | 1BR,1BA | $1.49 |
| Bridgewater Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.68 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.25 |
| Central Lakes | B.1 | 1BR,1BA | $1.73 |
| 10th Avenue Apartments | 1873 - 1BD/1BA | 1BR,1BA | $1.79 |
| Rosewood Apartments | 1964 1 bed | 1BR,1BA | $1.77 |
| Granite Manor/Runestone | Studio, 1 full, 611 sqft, 4727 Arbor Xing SE | Studio ,1BA | $1.63 |
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 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
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 $815 at North Valley Apartments.
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 $900 at McKay Apartments.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.