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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CourtYard Apartments
2 Bedroom Apartments

CourtYard Apartments

1420 Jefferson StAlexandria, 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.

Alexandria, MN Local Guide

Cheapest Available Alexandria Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alexandria, MN is a 2 Beds unit found at Lincoln Apartments priced from $995. Oak Knoll Complex has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,025. Here is today’s list of the most affordable Alexandria apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lincoln ApartmentsLincoln Apartments2BR,1BA$995
Oak Knoll Complex2 Bed2BR,1BA$1,025
Granite Manor/RunestoneTwo bedroom/ Two bathroom2BR,2BA$1,045

Best Value Apartments for Rent in Alexandria, MN and Nearby

As of July 30, 2025 the best value apartment in the Alexandria area is the $0.74 price per square foot 747 Wild West Ln SW Model at 747 Wild West Ln SW, Unit 1 in the starting from $2,000. The second greatest value Alexandria apartment is the One Bedroom Model at The Rune starting at $2,023 with a $1.93 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.
747 Wild West Ln SW, Unit 1747 Wild West Ln SW5BR,1BA$0.74
The RuneOne Bedroom1BR,1BA$1.93
115 5th Ave W, Unit #2115 5th Ave W1BR,1BA$0.90
10th Avenue Apartments1880 - 3BD/2BA3BR,2BA$1.75
Granite Manor/RunestoneTwo bedroom/ 1 3/4 Bath2BR,1.5BA$1.42
Broadway Garden Estates1 bedroom 1 bathroom1BR,1BA$1.40
Oak Knoll Complex2 Bed2BR,1BA$1.14
Lincoln ApartmentsLincoln Apartments2BR,1BA$1.81
605 30th Ave W, Unit #11605 30th Ave WStudio ,1BA$2.67

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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

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 10th Avenue Apartments and starts from $1,650.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.