Cheap Apartments for Rent in Alexandria, MN from $400 (42 Rentals)

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

property at 221 6th Ave E

$815

Total Monthly Price

Total Monthly Price

Base Rent
$815
Total Monthly Price
$815

Studio, 1 Bath Home for Rent

Available May 1

221 6th Ave E

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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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 May 1

303 6th Ave W

AlexandriaMN56308
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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 May 16, 2099

Pheasant Run Apartments

825 34th Ave EAlexandria, MN 56308
  • Verified
  • Customer Reviewed
  • 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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1504 & 1508 Jefferson St
1 to 2 Bedroom Apartments

1504 & 1508 Jefferson St

1504-1508 Jefferson StAlexandria, MN 56308
Student Housing
  • Utilities Included

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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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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Oak Knoll Complex
2 Bedroom Apartments

Oak Knoll Complex

505-509 McKay AveAlexandria, MN 56308
  • Utilities Included

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.

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RuneStone Apartments
Studio to 3 Bedroom Apartments

RuneStone Apartments

4541 Arbor Crossing SEAlexandria, MN 56308
  • Utilities Included
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Rosewood Apartments
Studio to 3 Bedroom Apartments

Rosewood Apartments

1964 10th Ave EAlexandria, MN 56308
property at 100 7th St NE

$1,025

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,025
Total Monthly Price
$1,025

2 Bedroom, 1 Bath Townhome for Rent

Available May 1

100 7th St NE, Unit 1, Unit 1

100 7th St NE
PerhamMN56573
property at 221 E James St

$1,195

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Jun 1

221 E James St

PaynesvilleMN56362
property at 213 W Vernon Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 1 Bath Condo for Rent

Available Now

213 W Vernon Ave

Fergus FallsMN56537
property at 510 6th St SE

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175
Total Monthly Price
$1,175

3 Bedroom, 2 Bath Home for Rent

Available May 8

510 6th St SE

StaplesMN56479
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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 725 W Cavour Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Jun 7

725 W Cavour Ave

Fergus FallsMN56537
property at 1515 3rd St NE

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275
Total Monthly Price
$1,275

3 Bedroom, 1 Bath Home for Rent

Available Now

1515 3rd St NE

StaplesMN56479
Showing Results 1-42, Page 1 of 1

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
East Side Stories Apartments408 1 bed1BR,1BA$895
10th Avenue Apartments1964 - StudioStudio,1BA$921
Hillside ApartmentsStudioStudio,1BA$995
Lincoln ApartmentsLincoln Apartments2BR,1BA$995
Westfield Apartments1 Bed 1 Bath Bld 1&21BR,1BA$1,135
Lakewood Apartments2 BD/1 BA2BR,1BA$1,195
Bridgewater Estates1 Bedroom 1 Bathroom1BR,1BA$1,230

Best Value Apartments for Rent in Alexandria, MN and Nearby

As of April 28, 2026 the best value apartment in the Alexandria area is the $1.35 price per square foot C.3 Model at Central Lakes in the starting from $1,493. The second greatest value Alexandria apartment is the 1880 2 bed Model at The Overlook Apartments 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.32BR,2BA$1.35
The Overlook Apartments1880 2 bed2BR,1BA$1.62
3752 Vonderheide Dr SW, Unit Apartment3752 Vonderheide Dr SW1BR,1BA$0.51
Lakewood Apartments2 BD/1 BA2BR,1BA$1.41
The Legacy of Alexandria1 Bedroom 1 Bathroom1BR,1BA$1.53
Westfield Apartments1 Bed 1 Bath Bld 1&21BR,1BA$1.49
Bridgewater Estates1 Bedroom 1 Bathroom1BR,1BA$1.68
East Side Stories Apartments408 1 bed1BR,1BA$1.38
Lincoln ApartmentsLincoln Apartments2BR,1BA$1.81
10th Avenue Apartments1964 - StudioStudio ,1BA$2.05

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Quick 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.

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Best Local Schools in
Alexandria, MN

School data provided by Great Schools

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 $995 at Lincoln Apartments.

What is the most affordable Alexandria Three Bedroom Apartment?

The best deal on a cheap Alexandria Three Bedroom Apartment rental is at Bridgewater Estates and starts from $1,540.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.