
Cheap Apartments for Rent in Alexandria, MN from $400 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in Alexandria.


North Valley Apartments

McKay Apartments

Twenty08 Apartments

10th Avenue Apartments

Central Lakes

Total Monthly Price
Trailside Apartments

Lakewood Apartments

303 6th Ave W
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.

Total Monthly Price
Pheasant Run

Granite Manor/Runestone

East Side Stories Apartments

Hillside Apartments

Colonial Court

Lincoln Apartments

318 14th Ave E, Unit B

Broadway Garden Estates

Westfield Apartments
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.

Bridgewater Estates

The Legacy of Alexandria

The Landmark of Alexandria

KMA - Highland Terrace Apartments

1504 & 1508 Jefferson St

Deer Ridge Townhomes

Park South Apartments

CourtYard Apartments

Rosewood Apartments
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.

Condamera Apartments

The Overlook Apartments

Lincoln Square Townhomes

Oak Knoll Complex

Park and 3rd Lofts

Alexandria Apartments

RuneStone Apartments

Ridgeview Apartments

1114 Hawthorne St
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.

7th Ave Apartments

120 City Park Rd

710 18th St S

708 18th St S

509 E Vernon Ave

405 E Main St

407 E Main St

34890 238th Ave

1628 Patterson Loop
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.

17 3rd Ave NE

911 2nd Ave NE

540 E 4th 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 | $1,024 | $775 | $1,295 |
| Alexandria 1 Bedroom Apartments | $1,312 | $460 | $1,868 |
| Alexandria 2 Bedroom Apartments | $1,587 | $900 | $2,819 |
| Alexandria 3 Bedroom Apartments | $1,619 | $1,394 | $1,995 |
| Alexandria 4 Bedroom Apartments | $2,013 | $1,850 | $2,095 |
Browse Top Apartments in Alexandria
See all Apartments in AlexandriaExplore Alexandria
Alexandria, MN Local Guide
- Nearby Cities
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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 |
| Central Lakes | B.2 (Handicap accessible) | 1BR,1BA | $925 |
| Lakewood Apartments | 1 BD/1 BA | 1BR,1BA | $945 |
| Rosewood Apartments | 1964 Studio | Studio,1BA | $950 |
| The Overlook Apartments | TIF - 1 BD/1 BA | 1BR,1BA | $993 |
| Hillside Apartments | 1825 - Studio | Studio,1BA | $995 |
| East Side Stories Apartments | 2 bed | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Central Lakes | C.1 | 2BR,1BA | $1.42 |
| The Overlook | 1880 2 bed | 2BR,1BA | $1.62 |
| 3752 Vonderheide Dr SW, Unit Apartment | 3752 Vonderheide Dr SW | 1BR,1BA | $0.53 |
| East Side Stories | 2 bed | 2BR,1BA | $1.17 |
| The Legacy of Alexandria | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.53 |
| Westfield Apartments | 1 Bed 1 Bath Bld 3 | 1BR,1BA | $1.49 |
| Park and 3rd Lofts | Irving | 1BR,1BA | $1.76 |
| Bridgewater Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.68 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.25 |
| Lakewood Apartments | 1 BD/1 BA | 1BR,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.
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

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.

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.

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.

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.