Cheap Apartments for Rent in Alexandria, MN from $400 (48 Rentals)

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Search the lowest-cost Apartments available for rent right now in Alexandria.

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Trailside Apartments
$938 - $2,819
Total Monthly Price

Total Monthly Price

Base Rent
$919 - $2,800
Required Monthly Fees
$19

Total Monthly Price
$938 - $2,819
Studio to 2 Bedroom Apartments Available Jun 15

Trailside Apartments

716 Darling AveAlexandria, MN 56308
Senior Living
  • Verified
  • Customer Reviewed
  • Smoke Free
property at 303 6th Ave W

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

303 6th Ave W

AlexandriaMN56308

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.

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Pheasant Run
$969 - $1,394
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,375
Required Monthly Fees
$19

Total Monthly Price
$969 - $1,394
1 to 3 Bedroom Apartments Available May 16, 2099

Pheasant Run

825 34th Ave EAlexandria, MN 56308
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 318 14th Ave E

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

318 14th Ave E, Unit B

318 14th Ave E
AlexandriaMN56308

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.

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1504 & 1508 Jefferson St
1 to 2 Bedroom Apartments

1504 & 1508 Jefferson St

1504-1508 Jefferson StAlexandria, MN 56308
Student Housing
  • Utilities Included
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Park South Apartments
1 to 2 Bedroom Apartments

Park South Apartments

1813 Aga DrAlexandria, MN 56308
  • Utilities Included
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CourtYard Apartments
Studio to 2 Bedroom Apartments

CourtYard Apartments

1420 Jefferson StAlexandria, MN 56308
  • Utilities Included
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Rosewood Apartments
Studio to 3 Bedroom Apartments

Rosewood Apartments

1964 10th Ave EAlexandria, MN 56308

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Oak Knoll Complex
2 Bedroom Apartments

Oak Knoll Complex

505-509 McKay AveAlexandria, MN 56308
  • Utilities Included
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RuneStone Apartments
Studio to 3 Bedroom Apartments

RuneStone Apartments

4541 Arbor Crossing SEAlexandria, MN 56308
  • Utilities Included
property at 1114 Hawthorne St

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

1114 Hawthorne St

AlexandriaMN56308

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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7th Ave Apartments
3 to 5 Bedroom Apartments

7th Ave Apartments

1805 7th Ave EAlexandria, MN 56308
property at 120 City Park Rd

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 1 Bath Home for Rent

Available Jul 1

120 City Park Rd

AlexandriaMN56308
property at 710 18th St S

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

710 18th St S

BensonMN56215
property at 708 18th St S

$1,200 - $1,700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200 - $1,700

Total Monthly Price
$1,200 - $1,700

2 To 3 Bedroom Homes for Rent

Available Now

708 18th St S

BensonMN56215
property at 509 E Vernon Ave

$1,290

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,290

Total Monthly Price
$1,290

3 Bedroom, 2 Bath Home for Rent

Available Now

509 E Vernon Ave

Fergus FallsMN56537
property at 405 E Main St

$1,295

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Townhome for Rent

Available Jul 1

405 E Main St

Battle LakeMN56515
property at 407 E Main St

$1,487

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,487

Total Monthly Price
$1,487

2 Bedroom, 2 Bath Townhome for Rent

Available Now

407 E Main St

Battle LakeMN56515
property at 34890 238th Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 1 Bath Home for Rent

Available Now

34890 238th Ave

AlbanyMN56307
property at 1628 Patterson Loop

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

1628 Patterson Loop

Fergus FallsMN56537

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.

property at 17 3rd Ave NE

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

3 Bedroom, 1 Bath Home for Rent

Available Jul 10

17 3rd Ave NE

Elbow LakeMN56531
property at 911 2nd Ave NE

$1,235

Total Monthly Price

Total Monthly Price

Base Rent
$1,235

Total Monthly Price
$1,235

3 Bedroom, 1 Bath Home for Rent

Available Now

911 2nd Ave NE

StaplesMN56479
property at 540 E 4th St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

4 Bedroom, 1 Bath Home for Rent

Available Now

540 E 4th St

MorrisMN56267

Alexandria, MN Local Guide

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 ListingModel NameBed/BathPriced From
North Valley ApartmentsEfficiencyStudio,1BA$700
Twenty08 ApartmentsA.1 TIFStudio,1BA$820
10th Avenue Apartments1873 - Studio/1BAStudio,1BA$850
McKay Apartments2 Bed/1 Bath2BR,1BA$900
Central LakesB.2 (Handicap accessible)1BR,1BA$925
Lakewood Apartments1 BD/1 BA1BR,1BA$945
Rosewood Apartments1964 StudioStudio,1BA$950
The Overlook ApartmentsTIF - 1 BD/1 BA1BR,1BA$993
Hillside Apartments1825 - StudioStudio,1BA$995
East Side Stories Apartments2 bed2BR,1BA$995

Best Value Apartments for Rent in Alexandria, MN and Nearby

As of June 12, 2026 the best value apartment in the Alexandria area is the $1.42 price per square foot C.1 Model at Central Lakes in the starting from $1,355. The second greatest value Alexandria apartment is the 1880 2 bed Model at The Overlook starting at $1,450 with a $1.62 price per square foot . Here is today’s list of the best values for Alexandria apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Central LakesC.12BR,1BA$1.42
The Overlook1880 2 bed2BR,1BA$1.62
3752 Vonderheide Dr SW, Unit Apartment3752 Vonderheide Dr SW1BR,1BA$0.53
East Side Stories2 bed2BR,1BA$1.17
The Legacy of Alexandria1 Bedroom 1 Bathroom1BR,1BA$1.53
Westfield Apartments1 Bed 1 Bath Bld 31BR,1BA$1.49
Park and 3rd LoftsIrving1BR,1BA$1.76
Bridgewater Estates1 Bedroom 1 Bathroom1BR,1BA$1.68
McKay Apartments2 Bed/1 Bath2BR,1BA$1.25
Lakewood Apartments1 BD/1 BA1BR,1BA$1.45

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.

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Real 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.