
Cheap Apartments for Rent in Austin, MN from $675 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Austin.


508 1st Dr NW

314 Main St N

814 9th Ave SW

215 11th Ave NE

400 6th Pl NW

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1201 3rd Ave NW, Unit 2 Loft

202 11th Ave NW

400 2nd Ave SW
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.

204 11th Ave NW

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Northern Place Apartments

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Lincoln Apartments LLC

711 1st Dr NW

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Webster Apartments

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Parkview Place

907 8th St SE

Murphy's Creek Townhomes

802 9th Ave SE
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.

109 8th St NW

807 3rd Ave NW

River Bend Town Homes

912 2nd Ave NE

1207 9th St NE

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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
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.

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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

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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

412 Winter Ave

107 Main St E

909 E Vine St

423 Adams Ave

Clifton Apartments

701 Water St

Academy Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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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 | $1,167 | $689 | $1,475 |
| Cheap Austin 1 Bedroom Apartments | $1,390 | $675 | $1,879 |
| Cheap Austin 2 Bedroom Apartments | $1,569 | $750 | $2,830 |
| Cheap Austin 3 Bedroom Apartments | $1,770 | $1,345 | $3,408 |
Browse Top Apartments in Austin
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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. CityView Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $865. 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 |
| CityView Apartments | 2 Bed / 1 Bath | 2BR, 1BA | $865 |
| Skye Lofts Apartments | 1BR/1.0BA | 1BR, 1BA | $890 |
| Northern Place Apartments | Two Bedroom | 2BR, 1BA | $975 |
| Lincoln Apartments LLC | Apt. 02 | 1BR, 1BA | $1,035 |
| Chambers Apartments | 2BR/1.0BA | 2BR, 1BA | $1,075 |
| Webster Apartments | Apt. 10 | 2BR, 1BA | $1,090 |
| Parkview Place | Parkview 1 bed | 1BR, 1BA | $1,110 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR, 1BA | $1,110 |
| Academy Apartments | One Bedroom A | 1BR, 1BA | $1,139 |
Best Value Apartments for Rent in Austin, MN
As of September 26, 2026 the best value apartment in the Austin area is the $1.27 price per square foot 2 Bedroom Model at Stone Haven Townhomes starting from $2,045. The second greatest value Austin apartment is the Two Bedroom+Den Unit Model at Skye Lofts Apartments starting at $1,750 with a $1.25 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 | 2BR, 2.5BA | $1.27 |
| Skye Lofts Apartments | Two Bedroom+Den Unit | 2BR, 1BA | $1.25 |
| Edge Apartments | Three Bedroom | 3BR, 2BA | $1.26 |
| Kodiak Apartments | Three Bedroom Two Bath - 1078 Sq.Ft | 3BR, 2BA | $1.36 |
| Radel Court | C | 2BR, 1BA | $1.46 |
| Northern Place Apartments | Two Bedroom | 2BR, 1BA | $1.08 |
| Lincoln Apartments LLC | Apt. 08 | 2BR, 1BA | $1.46 |
| Webster Apartments | Apt. 10 | 2BR, 1BA | $1.37 |
| 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
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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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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.