605 11th St NW
AustinMN55912
Cheap Apartments for Rent in Austin, MN from $500 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in Austin.
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Rent Specials
$689 - $1,666
Plus Fees
Studio to 2 Bedroom Apartments Available Mar 5Flats on 21
1310 21st Ave NWAustin, MN 55912
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Rent Specials
$795 - $1,075
Plus Fees
1 to 2 Bedroom Apartments Available NowNorthern Place Apartments
203 SW 31st StAustin, MN 55912
806 15th St NE
AustinMN55912
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2 to 3 Bedroom Apartments
Murphy's Creek Townhomes
504 25th Ave NWAustin, MN 55912
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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Rent Specials
$625 - $700
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityA-Lea Apartments
909 Janson StAlbert Lea, MN 56007
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$625 - $860
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowCityView Apartments
133 W William StAlbert Lea, MN 56007
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$675 - $975
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1 Bedroom Apartments Available May 1105 Main St S
105 Main St SStewartville, MN 55976
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$790 - $2,325
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1 to 2 Bedroom Apartments Available NowSkye Lofts Apartments
1619 W Main StAlbert Lea, MN 56007
105 Main St
HanlontownIA50444
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.
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Austin, MN Local Guide
Downtown Austin Minnesota by Darb02 is licensed under CC BY 4.0
How much does it cost to rent an apartment in Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Austin Studio Apartments | $1,169 | $625 | $1,330 |
| Austin 1 Bedroom Apartments | $1,355 | $595 | $1,879 |
| Austin 2 Bedroom Apartments | $1,569 | $860 | $2,325 |
| Austin 3 Bedroom Apartments | $1,917 | $1,200 | $2,594 |
| Austin 4 Bedroom Apartments | $1,950 | $1,950 | $1,950 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Austin
See all Apartments in AustinExplore Austin
Austin, MN Local Guide
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Cheapest Available Austin Apartments for Rent and Nearby
The cheapest available apartment rental in Austin, MN is a Studio unit found at CityView Apartments priced from $625. 105 Main St S has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Austin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| CityView Apartments | Studio | Studio,1BA | $625 |
| 105 Main St S | 1-bedroom | 1BR,1BA | $675 |
| A-Lea Apartments | B and C Buildings | 1BR,1BA | $700 |
Best Value Apartments for Rent in Austin, MN and Nearby
As of January 14, 2026 the best value apartment in the Austin area is the $1.23 price per square foot 2 Bedroom Loft Model at Stone Haven Townhomes in the starting from $1,920. The second greatest value Austin apartment is the Four Bedroom Model at Edge Apartments starting at $1,950 with a $1.33 price per square foot . Here is today’s list of the best values for Austin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stone Haven Townhomes | 2 Bedroom Loft | 2BR,2.5BA | $1.23 |
| Edge Apartments | Four Bedroom | 4BR,2BA | $1.33 |
| Skye Lofts Apartments | 2 Bedroom w/ Den | 2BR,1BA | $1.36 |
| Crystal Bay Townhomes | Lafayette | 2BR,1.5BA | $1.43 |
| Cottages of Stewartville | 3 Bedroom 1 Bathroom | 3BR,1BA | $1.25 |
| Lincoln Apartments LLC | Apt. 28 | 2BR,1BA | $1.23 |
| CityView Apartments | 2 bedroom | 2BR,1BA | $1.08 |
| Webster Apartments | Apt. 10 | 2BR,1BA | $1.37 |
| Northern Place Apartments | One Bedroom | 1BR,1BA | $1.21 |
| A-Lea Apartments | B and C Buildings | 1BR,1BA | $1.40 |
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.
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The 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.
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Best Local Schools in Austin, MN
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Austin, MN
Frequently Asked Questions about Cheap Austin Apartments
What is the Cheapest Studio apartment in Austin?
Currently the most affordable Cheap Studio Apartment in Austin is at CityView Apartments listed at $625.
How much is rent for a Cheap One Bedroom Austin Apartment?
The lowest price for a Cheap One Bedroom Austin Apartment is $675 at 105 Main St S.
What is the lowest price for a Cheap Two Bedroom Austin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Austin is starting from $860 at CityView Apartments.
What is the most affordable Austin Three Bedroom Apartment?
The best deal on a cheap Austin Three Bedroom Apartment rental is at Cottages of Stewartville and starts from $1,345.
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
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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!