
Cheap Homes for Rent in Alexandria, MN from $900 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Alexandria.


216 5th St SW

17 3rd Ave NE

606 1st Ave N, Unit 6

710 18th St S
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.

708 18th St S

1113 MN-79

1240 Northern Ave

911 2nd Ave NE

703 Jefferson St
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.
Alexandria, MN Local Guide

How much does it cost to rent a home in Alexandria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alexandria 2 Bedroom Homes for Rent | $1,215 | $1,025 | $1,400 |
| Alexandria 3 Bedroom Homes for Rent | $1,565 | $975 | $2,126 |
| Alexandria 4 Bedroom Homes for Rent | $2,823 | $1,500 | $4,000 |
| Alexandria 5 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Browse Top Homes for Rent in Alexandria
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Alexandria, MN Local Guide
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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 |
Best Value Apartments for Rent in Alexandria, MN and Nearby
As of July 11, 2026 the best value apartment in the Alexandria area is the $1.01 price per square foot 2 Bedroom Model at Lincoln Square Townhomes in the starting from $1,014. The second greatest value Alexandria apartment is the 3752 Vonderheide Dr SW Model at 3752 Vonderheide Dr SW, Unit Apartment starting at $460 with a $0.53 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. |
|---|---|---|---|
| Lincoln Square Townhomes | 2 Bedroom | 2BR,1.5BA | $1.01 |
| 3752 Vonderheide Dr SW, Unit Apartment | 3752 Vonderheide Dr SW | 1BR,1BA | $0.53 |
| The Legacy of Alexandria | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.53 |
| Westfield Apartments | 1 Bed 1 Bath Bld 3 | 1BR,1BA | $1.49 |
| Bridgewater Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.68 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.25 |
| Twenty08 Apartments | B.1 | 1BR,1BA | $1.93 |
| Lakewood Apartments | 1 BD/1 BA | 1BR,1BA | $1.45 |
| Rosewood Apartments | 1964 1 bed | 1BR,1BA | $1.77 |
| Granite Manor/Runestone | Studio, 1 full, 611 sqft, 4727 Arbor Xing SE | Studio ,1BA | $1.63 |
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!
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Frequently Asked Questions about Alexandria
What type of rentals are currently available in Alexandria?
There are currently 57 Apartments for Rent in Alexandria, MN with pricing that ranges from $460 to $2,819. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alexandria ranging from $950 to $4,000.
What is the current price range for Rental Homes in Alexandria?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Alexandria ranges from $950 to $4,000 with an average monthly rent of $1,630.
How much are larger Three and Four Bedroom Rentals in Alexandria?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Alexandria range from $1,394 to $1,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,126. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,850.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.