
Cheap Apartments for Rent in Austin, MN from $675 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in Austin.


207 11th Ave NE

814 9th Ave SW

229 11th Ave NE

215 11th Ave NE

400 6th Pl NW

1002 W Oakland Ave

400 2nd Ave SW

202 11th Ave NW

204 11th Ave NW
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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Northern Place Apartments

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Lincoln Apartments LLC

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Webster Apartments

711 1st Dr NW

700 9th Ave NW

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Parkview Place

907 8th St SE

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1101 8th Ave SE, Unit Apt A

400-402 2nd St SW

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Mill on Main I & II
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.

200 11th St NE

22085 586th Avenue

200 11th St NE

Murphy's Creek Townhomes

802 9th Ave SE

1111 4th St NW

River Bend Town Homes

912 2nd Ave NE

1207 9th St NE

126 Clinton St
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.

2113 Oakland Ave E

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105 Main St S

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A-Lea Apartments

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CityView Apartments

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Skye Lofts Apartments

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Aire

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111 Vine Apartments

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Chambers Apartments

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Cedar View Apartments

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Cottages of Stewartville
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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Dodger 56, LLC

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The Pearl

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South Pointe Apartments

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The Park

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South Pointe II Apartments

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Kodiak Apartments

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Coopers Court

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Lakeview Apartments

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Bear Path Apartments

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STEWARTVILLE FLATS
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.
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 | $1,182 | $689 | $1,445 |
| Cheap Austin 1 Bedroom Apartments | $1,376 | $675 | $1,879 |
| Cheap Austin 2 Bedroom Apartments | $1,568 | $750 | $2,830 |
| Cheap Austin 3 Bedroom Apartments | $1,771 | $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. Skye Lofts Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $790. 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 |
| Skye Lofts Apartments | One Bedroom Unit | 1BR,1BA | $790 |
| CityView Apartments | 2 Bed / 1 Bath | 2BR,1BA | $865 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $975 |
| Webster Apartments | Apt. 01 | 2BR,1BA | $1,035 |
| Chambers Apartments | 2BR/1.0BA | 2BR,1BA | $1,075 |
| Parkview Place | Parkview 1 bed | 1BR,1BA | $1,110 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,110 |
| Flats on 21 | Hickory | Studio,1BA | $1,147 |
| Lincoln Apartments LLC | Apt. 16 | 2BR,1BA | $1,155 |
Best Value Apartments for Rent in Austin, MN
As of September 12, 2026 the best value apartment in the Austin area is the $1.22 price per square foot 2 Bedroom (ADA) Model at Stone Haven Townhomes in the starting from $1,970. The second greatest value Austin apartment is the Excelsior Model at Crystal Bay Townhomes starting at $2,050 with a $1.38 price per square foot in the Historic Southwest neighborhood. 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 (ADA) | 2BR,2BA | $1.22 |
| Crystal Bay Townhomes | Excelsior | 3BR,2BA | $1.38 |
| Skye Lofts Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.10 |
| Edge Apartments | Three Bedroom | 3BR,2BA | $1.26 |
| Kodiak Apartments | Three Bedroom Two Bath - 1078 Sq.Ft | 3BR,2BA | $1.46 |
| Cottages of Stewartville | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.22 |
| Radel Court | C | 2BR,1BA | $1.46 |
| Lincoln Apartments LLC | Apt. 08 | 2BR,1BA | $1.46 |
| CityView Apartments | 2 Bed / 1 Bath | 2BR,1BA | $1.10 |
| 105 Main St S | 1-bedroom | 1BR,1BA | $1.35 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
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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 Flats on 21 listed at $1,147.
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 $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 Valley View Estates and starts from $1,445.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.