Cheap Apartments for Rent near Alpha, MN from $400 (75 Rentals)

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

property at 101 Park St N

$700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

2 Bedroom, 1 Bath Townhome for Rent

Available Now

101 Park St N, Unit upper

101 Park St N
Minnesota LakeMN56068

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.

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property at 404 W 1st St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Now

404 W 1st St

Lake ParkIA51347
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Highland Hills Apartments
$855 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$855 - $1,980
Total Monthly Price
$855 - $1,980
1 to 5 Bedroom Apartments Available Now

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Village Court Apartments
Rent Specials
$928 - $1,178
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$928 - $1,178
Total Monthly Price
$928 - $1,178
1 to 2 Bedroom Apartments Available Now

Village Court Apartments

1620 Village CtNorth Mankato, MN 56003
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  • Utilities Included
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The Grove at Mankato
$970 - $1,829
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$940 - $1,799
Required Monthly Fees
$30
Total Monthly Price
$970 - $1,829
1 to 3 Bedroom Apartments Available Now

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
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  • Customer Reviewed
  • 3D Tour

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 2600 Poetters Cir

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 2 Bath Townhome for Rent

Available Aug 1

2600 Poetters Cir

FairmontMN56031
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Hoover Estates
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15
Total Monthly Price
$1,065
2 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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  • Utilities Included
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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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The Edge Apartments
Rent Specials
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
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property at 77 Downtown Plz

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

77 Downtown Plz

FairmontMN56031
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River Bluff Apartments
Rent Specials
$1,130 - $1,530
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100 - $1,500
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Outdoors
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  • Customer Reviewed
  • 3D Tour
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Sunrise Manor
2 to 3 Bedroom Apartments

Sunrise Manor

500 Remmele St SWSleepy Eye, MN 56085
  • 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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Alpha, MN Local Guide

Cheapest Available Alpha Apartments for Rent and Nearby

 

The cheapest available apartment rental in Alpha, MN is a 1 Bed unit found at Burt 18-Unit (Countryside Properties) priced from $425. 512 Vernon Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here is today’s list of the most affordable Alpha apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$425
512 Vernon AveOne Bedroom1BR,1BA$595
501 W 1st St S2 BED/1 BATH2BR,1BA$600
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Eytcheson Estates Welcome1 Bedroom2BR,1BA$701
Sunshine Apartments1 Bedroom and 1 bathroom1BR,1BA$725
1212 Heckman CtStudioStudio,1BA$750
Downtown Estates1 Bed, 1 bath1BR,1BA$795
Okabena Tower 62+1 BR/1 BA1BR,1BA$827
Hartshorn Manor1 Bed, 1 bath1BR,1BA$840

Best Value Apartments for Rent in Alpha, MN and Nearby

As of July 23, 2026 the best value apartment in the Alpha area is the $0.89 price per square foot 2 Bedroom - Lower Level ADA Model at Windom Landing in the starting from $975. The second greatest value Alpha apartment is the 1 Bed, 1 bath Model at Trimont Square Apartments starting at $935 with a $1.04 price per square foot . Here is today’s list of the best values for Alpha apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Windom Landing2 Bedroom - Lower Level ADA2BR,2BA$0.89
Trimont Square Apartments1 Bed, 1 bath1BR,1BA$1.04
1212 Heckman CtStudioStudio ,1BA$0.83
Nobles Square Apartments2 Bedroom2BR,1BA$1.11
Downtown Estates1 Bed, 1 bath1BR,1BA$0.99
512 Vernon AveTwo Bedroom2BR,1BA$0.87
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
501 W 1st St S1 BED/1 BATH1BR,1BA$0.84

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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Real 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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Alpha, MN Rentals by Map

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Frequently Asked Questions about Cheap Alpha Apartments

What is the Cheapest Studio apartment in Alpha?

Currently the most affordable Cheap Studio Apartment in Alpha is at 1212 Heckman Ct listed at $750.

How much is rent for a Cheap One Bedroom Alpha Apartment?

The lowest price for a Cheap One Bedroom Alpha Apartment is $425 at Burt 18-Unit (Countryside Properties).

What is the lowest price for a Cheap Two Bedroom Alpha Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Alpha is starting from $600 at 501 W 1st St S.

What is the most affordable Alpha Three Bedroom Apartment?

The best deal on a cheap Alpha Three Bedroom Apartment rental is at Ashley Estates and starts from $1,230.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.