
Cheap Apartments for Rent in Austin, MN from $600 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Austin.


605 Main St N

Total Monthly Price
611 4th Ave NW, Unit B

215 11th Ave NE

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Northern Place Apartments

202 11th Ave NW

Webster Apartments

Total Monthly Price
Lincoln Apartments LLC
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.

Total Monthly Price
Parkview Place

Total Monthly Price
1101 8th Ave SE, Unit Apt B

Murphy's Creek Townhomes

1506 7th St SE

302 19th St NE

1111 4th St NW

River Bend Town Homes

1206 10th St NE
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.

A-Lea Apartments

105 Main St S

CityView Apartments

Skye Lofts Apartments

Aire

111 Vine Apartments

Chambers Apartments

Cedar View Apartments
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.

Clifton Apartments

Cottages of Stewartville

Dodger 56, LLC

Total Monthly Price
The Pearl

South Pointe Apartments

The Park

South Pointe II Apartments

Total Monthly Price
Kodiak Apartments
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.

101 N Mill St

213 13th St SW

909 E Vine St

121 Main St S

303 Chestnut St

701 Water St

Academy Apartments

621 Oak St
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.

103 Main St E

Parkview Apartments

950 S 3rd Ave

416 State St
Austin, MN Local Guide

How much does it cost to rent an apartment in Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Austin Studio Apartments | $1,201 | $689 | $1,545 |
| Cheap Austin 1 Bedroom Apartments | $1,419 | $625 | $1,879 |
| Cheap Austin 2 Bedroom Apartments | $1,670 | $695 | $2,830 |
| Cheap Austin 3 Bedroom Apartments | $1,972 | $1,345 | $3,408 |
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
 The cheapest available apartment rental in Austin, MN is a 1 Bed unit found at 105 Main St S priced from $675. A-Lea Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Austin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 105 Main St S | 1-bedroom | 1BR,1BA | $675 |
| A-Lea Apartments | B and C Buildings | 1BR,1BA | $725 |
| Skye Lofts Apartments | 1 Bedroom Unit | 1BR,1BA | $790 |
| Webster Apartments | Apt. 01 | 2BR,1BA | $1,035 |
| Clifton Apartments | 1BD | 1BR,1BA | $1,095 |
| Lincoln Apartments LLC | Apt. 16 | 2BR,1BA | $1,155 |
| Parkview Place | Parkview 1 bed | 1BR,1BA | $1,160 |
| The Park | 1 Bedroom 1 Bath | 1BR,1BA | $1,180 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio,1BA | $1,195 |
Best Value Apartments for Rent in Austin, MN
As of July 28, 2026 the best value apartment in the Austin area is the $1.20 price per square foot 2 Bedroom Plus Den Model at Stone Haven Townhomes in the starting from $2,045. 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. |
|---|---|---|---|
| Stone Haven Townhomes | 2 Bedroom Plus Den | 2BR,2.5BA | $1.20 |
| Skye Lofts Apartments | 2 Bedroom Loft | 2BR,1.5BA | $1.09 |
| Crystal Bay Townhomes | Lafayette | 2BR,1.5BA | $1.45 |
| 1101 8th Ave SE, Unit Apt B | 1101 8th Ave SE | 1BR,1BA | $1.16 |
| Park Plaza Apartments | 2B 1011 sq. ft. | 2BR,1BA | $1.41 |
| Edge Apartments | Two Bedroom | 2BR,2BA | $1.30 |
| Radel Court | C | 2BR,1BA | $1.46 |
| Lincoln Apartments LLC | Apt. 08 | 2BR,1BA | $1.46 |
| 105 Main St S | 1-bedroom | 1BR,1BA | $1.35 |
| A-Lea Apartments | B and C Buildings | 1BR,1BA | $1.45 |
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.
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.
Best Local Schools in Austin, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Austin, MN Rentals by Map
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 Cedar View Apartments listed at $1,195.
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 $1,035 at Webster Apartments.
What is the most affordable Austin Three Bedroom Apartment?
The best deal on a cheap Austin Three Bedroom Apartment rental is at Parkview Place and starts from $1,460.
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.

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.

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.

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.