
Cheap Homes for Rent in Alexandria, MN from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Alexandria.


409 Atlantic Ave

516 15th St N

606 1st Ave N, Unit 6
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.

114 Lake Ave S

729 W Cavour Ave

911 2nd Ave NE

13110 42nd Ave SW
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

How much does it cost to rent a home in Alexandria?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Alexandria 2 Bedroom Homes for Rent | $1,387 | $900 | $2,400 |
| Alexandria 3 Bedroom Homes for Rent | $1,532 | $1,000 | $2,000 |
| Alexandria 4 Bedroom Homes for Rent | $1,903 | $1,695 | $2,000 |
| Alexandria 5 Bedroom Homes for Rent | $3,300 | $3,300 | $3,300 |
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 McKay Apartments priced from $775. North Valley Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here is today’s list of the most affordable Alexandria apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McKay Apartments | Studio, 1 bath | Studio,1BA | $775 |
| North Valley Apartments | Studio, 1 bath | Studio,1BA | $835 |
| Hillside Apartments | Studio | Studio,1BA | $995 |
Best Value Apartments for Rent in Alexandria, MN and Nearby
As of December 27, 2025 the best value apartment in the Alexandria area is the $1.12 price per square foot 3B2B Model at Pheasant Run Apartments in the starting from $1,344. The second greatest value Alexandria apartment is the 2 Bedroom Model at Condamera Apartments starting at $1,050 with a $1.06 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. |
|---|---|---|---|
| Pheasant Run Apartments | 3B2B | 3BR,2BA | $1.12 |
| Condamera Apartments | 2 Bedroom | 2BR,1BA | $1.06 |
| Rosewood Apartments | 1964 2 bed | 2BR,1BA | $1.66 |
| Lakewood Terrace | 2 bed/ 1 bath | 2BR,1BA | $1.50 |
| Granite Manor/Runestone | One bedroom/ One bathroom | 1BR,1BA | $1.63 |
| 10th Avenue Apartments | 1873 - 1BD/1BA | 1BR,1BA | $1.92 |
| The Overlook Apartments | 1 BD/1 BA | 1BR,1BA | $1.92 |
| Lincoln Apartments | Lincoln Apartments | 2BR,1BA | $1.81 |
| Central Lakes | A.1 | Studio ,1BA | $2.09 |
| Hillside Apartments | Studio | Studio ,1BA | $2.40 |
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 ArticleThe 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.
Read ArticleCash 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.
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
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Alexandria, MN
Frequently Asked Questions about Alexandria
What type of rentals are currently available in Alexandria?
There are currently 49 Apartments for Rent in Alexandria, MN with pricing that ranges from $775 to $2,155. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alexandria ranging from $650 to $3,300.
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 $650 to $3,300 with an average monthly rent of $1,794.
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 $1,280 to $1,810, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,795.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!