108 2nd St SW
AustinMN55912
Cheap Apartments for Rent in Austin, MN from $300 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Austin.
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$689 - $1,666
Plus Fees
Studio to 2 Bedroom Apartments Available NowFlats on 21
1310 21st Ave NWAustin, MN 55912
1002 W Oakland Ave
AustinMN55912
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$935 - $1,260
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$870 - $1,195
Required Monthly Fees
$65
Total Monthly Price
$935 - $1,260
Northern Place Apartments
203 SW 31st StAustin, MN 55912
204 11th Ave NW
AustinMN55912
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.
1407 5th St SE
AustinMN55912
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2 to 3 Bedroom Apartments
Murphy's Creek Townhomes
504 25th Ave NWAustin, MN 55912
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$625 - $865
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowCityView Apartments
133 W William StAlbert Lea, MN 56007
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$625 - $700
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityA-Lea Apartments
909 Janson StAlbert Lea, MN 56007
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$675 - $1,150
Plus Fees
1 to 2 Bedroom Apartments Available May 7105 Main St S
105 Main St SStewartville, MN 55976
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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$790 - $2,325
Plus Fees
1 to 2 Bedroom Apartments Available NowSkye Lofts Apartments
1619 W Main StAlbert Lea, MN 56007
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$995 - $1,395
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowRadel Court
520 6th St SEllendale, MN 56026
702 E Main St
Albert LeaMN56007
101 Elm St
ClaremontMN55924
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1 to 2 Bedroom Apartments
909 E Vine St
909 Vine St EOwatonna, MN 55060
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
317 E 8th St
Albert LeaMN56007
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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 |
|---|---|---|---|
| Cheap Austin Studio Apartments | $1,167 | $625 | $1,364 |
| Cheap Austin 1 Bedroom Apartments | $1,403 | $330 | $1,993 |
| Cheap Austin 2 Bedroom Apartments | $1,553 | $865 | $2,425 |
| Cheap Austin 3 Bedroom Apartments | $1,789 | $1,160 | $3,408 |
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
- Nearby Cities
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Cheapest Available Austin Apartments for Rent
The cheapest available apartment rental in Austin, MN is a Studio unit found at CityView Apartments priced from $650. A-Lea Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. 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 | $650 |
| A-Lea Apartments | B and C Buildings | 1BR,1BA | $700 |
| Skye Lofts Apartments | 1 Bedroom Unit | 1BR,1BA | $790 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $892 |
| Radel Court | B | 1BR,1BA | $995 |
Best Value Apartments for Rent in Austin, MN
As of March 30, 2026 the best value apartment in the Austin area is the $1.13 price per square foot 2 BED 2 BATH D Model at STEWARTVILLE FLATS in the starting from $1,550. The second greatest value Austin apartment is the 2 Bedroom Loft Model at Skye Lofts Apartments starting at $1,490 with a $1.09 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. |
|---|---|---|---|
| STEWARTVILLE FLATS | 2 BED 2 BATH D | 2BR,2BA | $1.13 |
| Skye Lofts Apartments | 2 Bedroom Loft | 2BR,1.5BA | $1.09 |
| Crystal Bay Townhomes | Lafayette | 2BR,1.5BA | $1.38 |
| Edge Apartments | Two Bedroom | 2BR,2BA | $1.30 |
| Radel Court | D | 2BR,1BA | $1.46 |
| CityView Apartments | 2 bedroom | 2BR,1BA | $1.08 |
| Lincoln Apartments LLC | Apt. 08 | 2BR,1BA | $1.46 |
| Webster Apartments | Apt. 10 | 2BR,1BA | $1.37 |
| Northern Place Apartments | One Bedroom | 1BR,1BA | $1.46 |
| A-Lea Apartments | B and C Buildings | 1BR,1BA | $1.40 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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
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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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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 $650.
How much is rent for a Cheap One Bedroom Austin Apartment?
The lowest price for a Cheap One Bedroom Austin Apartment is $700 at A-Lea Apartments.
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 $865 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 Northern Place Apartments and starts from $1,160.
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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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.