Cheap Apartments for Rent in Alexandria, MN from $500 (23 Rentals)

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

property at 309 7th Ave E

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 2 Bath Home for Rent

Available Now

309 7th Ave E

AlexandriaMN56308
property at 318 14th Ave E

$880

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$880

Total Monthly Price
$880

1 Bedroom, 1 Bath Condo for Rent

Available Now

318 14th Ave E, Unit C

318 14th Ave E
AlexandriaMN56308
property at 1723 Nokomis St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

1723 Nokomis St

AlexandriaMN56308
property at 1721 Nokomis St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

1721 Nokomis St

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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Pheasant Run Apartments
$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 Now

Pheasant Run Apartments

825 34th Ave EAlexandria, MN 56308
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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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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
property at 902 W Lincoln Ave #2

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Townhome for Rent

Available Now

902 W Lincoln Ave #2

Fergus FallsMN56537
property at 409 Atlantic Ave

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Home for Rent

Available Now

409 Atlantic Ave

MorrisMN56267

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

property at 703 W Main St

$650 - $1,300

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 To 3 Bedroom Rentals

Available Now

703 W Main St

PaynesvilleMN56362
property at 605 Carlson Pl

$900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

605 Carlson Pl

HenningMN56551

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 McKay Apartments priced from $775. North Valley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here is today’s list of the most affordable Alexandria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
McKay ApartmentsStudio, 1 bathStudio,1BA$775
North Valley ApartmentsEfficiency1BR,1BA$815
Condamera Apartments1 Bedroom1BR,1BA$950
10th Avenue Apartments1770 - 1BD/1BA1BR,1BA$986
Lincoln ApartmentsLincoln Apartments2BR,1BA$995

Best Value Apartments for Rent in Alexandria, MN and Nearby

As of January 24, 2026 the best value apartment in the Alexandria area is the $1.16 price per square foot 3B2B Model at Pheasant Run Apartments in the starting from $1,394. The second greatest value Alexandria apartment is the 3 Bdrm 2 bath Model at Colonial Court starting at $1,195 with a $1.00 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.
Pheasant Run Apartments3B2B3BR,2BA$1.16
Colonial Court3 Bdrm 2 bath3BR,2BA$1.00
Bridgewater Estates2 Bedroom 2 Bathroom2BR,2BA$1.45
Lakewood Terrace2 bed/ 1 bath2BR,1BA$1.50
Granite Manor/RunestoneOne bedroom/ One bathroom1BR,1BA$1.63
Condamera Apartments1 Bedroom1BR,1BA$1.36
10th Avenue Apartments1880 - 1BD/1BA1BR,1BA$1.92
The Overlook Apartments1 BD/1 BA1BR,1BA$1.92
Lincoln ApartmentsLincoln Apartments2BR,1BA$1.81
Central LakesA.1Studio ,1BA$2.09

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 McKay Apartments listed at $775.

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 $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 Colonial Court and starts from $1,195.

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 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.