
Cheap Homes for Rent in Alexandria, MN from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Alexandria.


415 12th Ave E, Unit Main Level Private Room 1

119 2nd St, Unit #3

310 8th St N
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

310 Hidden Acres Dr NW

606 1st Ave N, Unit 6

100 7th St NE

154 3rd Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

407 E Soo St
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 | $1,022 | $750 | $1,355 |
| Alexandria 3 Bedroom Homes for Rent | $1,613 | $700 | $2,550 |
| Alexandria 4 Bedroom Homes for Rent | $2,585 | $1,850 | $3,495 |
| Alexandria 5 Bedroom Homes for Rent | $2,450 | $1,600 | $3,300 |
Browse Top Homes for Rent in Alexandria
Explore Alexandria
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 August 25, 2026 the best value apartment in the Alexandria area is the $1.34 price per square foot 3 Bedrooms, 2 full, 4541 Arbor Xing SE Model at Granite Manor/Runestone in the starting from $1,763. The second greatest value Alexandria apartment is the 2 bed 2 bath Bld 1&2 Model at Westfield Apartments starting at $1,420 with a $1.46 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. |
|---|---|---|---|
| Granite Manor/Runestone | 3 Bedrooms, 2 full, 4541 Arbor Xing SE | 3BR,2BA | $1.34 |
| Westfield Apartments | 2 bed 2 bath Bld 1&2 | 2BR,2BA | $1.46 |
| Broadway Garden Estates | 1 bedroom 1 bathroom | 1BR,1BA | $1.19 |
| The Legacy of Alexandria | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.53 |
| Bridgewater Estates | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.68 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.38 |
| Central Lakes | B.1 INCOME RESTRICTED | 1BR,1BA | $1.25 |
| Lincoln Apartments | Lincoln Apartments | 2BR,1BA | $1.81 |
| Twenty08 Apartments | A.1 TIF | Studio ,1BA | $1.66 |
| Trailside Apartments - 55+ Community | COWDREY STUDIO - AVAILABLE FALL 2026! | Studio ,1BA | $1.95 |
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.
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Best Local Schools in Alexandria, MN
Lincoln Elementary School
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 $710 to $2,440. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alexandria ranging from $700 to $3,495.
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 $700 to $3,495 with an average monthly rent of $1,457.
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 $1,300 to $2,055, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,850 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.