Cheap Homes for Rent near Alpha, MN from $700 (11 Rentals)

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Search the lowest-cost Homes 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
property at 305 S Broadway St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Townhome for Rent

Available Now

305 S Broadway St

New UlmMN56073
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 Jul 15

404 W 1st St

Lake ParkIA51347
property at 114 S Main St

$850

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

3 Bedroom, 2 Bath Home for Rent

Available Now

114 S Main St

SherburnMN56171

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.

property at 325 E Washington St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

2 Bedroom, 1 Bath Condo for Rent

Available Now

325 E Washington St

MankatoMN56001
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
property at 114 Lynn Ln

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

114 Lynn Ln

MankatoMN56001
property at 418 Allan Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Condo for Rent

Available Now

418 Allan Ave

North MankatoMN56003
property at 325.5 McKinley Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

325.5 McKinley Ave

North MankatoMN56003

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.

property at 815 N 4th St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

3 Bedroom, 1 Bath Condo for Rent

Available Aug 11

815 N 4th St

MankatoMN56001

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 Country Side 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
Country Side1 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

Best Value Apartments for Rent in Alpha, MN and Nearby

As of July 09, 2026 the best value apartment in the Alpha area is the $0.79 price per square foot Three Bedroom Model at Eagle Ridge Townhomes in the starting from $1,065. The second greatest value Alpha apartment is the 2 Bedroom - Lower Level ADA Model at Windom Landing starting at $975 with a $0.89 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.
Eagle Ridge TownhomesThree Bedroom3BR,1.5BA$0.79
Windom Landing2 Bedroom - Lower Level ADA2BR,2BA$0.89
Cherry Ridge ApartmentsTax Credit2BR,1BA$0.94
1212 Heckman CtStudioStudio ,1BA$0.83
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.

Read Article
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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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Quick 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.

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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 Alpha

What type of rentals are currently available in Alpha?

There are currently 92 Apartments for Rent in Alpha, MN with pricing that ranges from $595 to $2,350. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alpha ranging from $700 to $2,679.

What is the current price range for Rental Homes in Alpha?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Alpha ranges from $700 to $2,679 with an average monthly rent of $1,564.

How much are larger Three and Four Bedroom Rentals in Alpha?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Alpha range from $1,200 to $2,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,425 and Four Bedroom Apartments start at $1,580.

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

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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.

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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.

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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.