Cheap Apartments for Rent in Alexandria, MN from $500 (10 Rentals)

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

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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

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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CourtYard Apartments
Studio to 2 Bedroom Apartments

CourtYard Apartments

1420 Jefferson StAlexandria, MN 56308
  • Utilities Included
property at 314 Hidden Acres Dr NW
property at 703 W Main St

703 W Main St

PaynesvilleMN56362
property at 208 Oregon Ave.

208 Oregon Ave.

KerkhovenMN56252

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.

Alexandria, MN Local Guide

Cheapest Available Alexandria Apartments for Rent

 

The cheapest available apartment rental in Alexandria, MN is a 1 Bed unit found at 10th Avenue Apartments priced from $910. Lincoln Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here is today’s list of the most affordable Alexandria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
10th Avenue Apartments1880 - 1BD/1BA1BR,1BA$910
Lincoln ApartmentsLincoln Apartments2BR,1BA$995
Central LakesA.1Studio,1BA$997

Best Value Apartments for Rent in Alexandria, MN

As of November 01, 2025 the best value apartment in the Alexandria area is the $1.93 price per square foot One Bedroom Model at The Rune in the starting from $2,023. The second greatest value Alexandria apartment is the 2 bed 2 bath Bldg 3 Model at Westfield Apartments starting at $1,375 with a $1.41 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.
The RuneOne Bedroom1BR,1BA$1.93
Westfield Apartments2 bed 2 bath Bldg 32BR,2BA$1.41
Granite Manor/RunestoneOne bedroom/ One bathroom1BR,1BA$1.63
Lincoln ApartmentsLincoln Apartments2BR,1BA$1.81
10th Avenue Apartments1873 - Studio/1BAStudio ,1BA$2.03
Central LakesA.1Studio ,1BA$2.09

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

Explore Alexandria, MN Rentals by Map

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Getting Around Alexandria, MN

Walk Score®

30 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Alexandria Apartments

How much is rent for a Cheap One Bedroom Alexandria Apartment?

The lowest price for a Cheap One Bedroom Alexandria Apartment is $910 at 10th Avenue 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 Lincoln Apartments.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.