107 3rd Ave SW
AustinMN55912
Cheap Apartments for Rent in Austin, MN from $500 (62 Rentals)
Search the lowest-cost Apartments available for rent right now in Austin.
814 9th Ave SW
AustinMN55912
108 2nd St SW
AustinMN55912
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$689 - $1,766
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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$860 - $1,260
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$795 - $1,195
Required Monthly Fees
$65
Total Monthly Price
$860 - $1,260
Northern Place Apartments
203 SW 31st StAustin, MN 55912
1407 5th St SE
AustinMN55912
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$925
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$925
Total Monthly Price
$925
304 1st Ave NW, Unit 101, Unit 101
304 1st Ave NWAustin, MN 55912
204 11th Ave NW
AustinMN55912
202 11th Ave NW
AustinMN55912
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.
308 4th Ave NW
AustinMN55912
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$1,005 - $1,165
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,005 - $1,165
Total Monthly Price
$1,005 - $1,165
Lincoln Apartments LLC
911 5th Ave NEAustin, MN 55912
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$1,035 - $1,150
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowWebster Apartments
403 12th St NEAustin, MN 55912
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$1,050
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,050
Total Monthly Price
$1,050
411 5th St NW, Unit B, Unit B
411 5th St NWAustin, MN 55912
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$1,110
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$995
Required Monthly Fees
$115
Total Monthly Price
$1,110
Parkview Place
303 27th St SWAustin, MN 55912
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Rent Specials
$1,219 - $2,509
Plus Fees
Studio to 3 Bedroom Apartments Available NowMill on Main I & II
704 1st Dr NWAustin, MN 55912
200 11th St NE
AustinMN55912
905 1st Ave SW
AustinMN55912
408 3rd Ave SE
AustinMN55912
806 15th St NE
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.
807 1st Dr NW
AustinMN55912
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2 to 3 Bedroom Apartments
Murphy's Creek Townhomes
504 25th Ave NWAustin, MN 55912
1203 11th St NW
AustinMN55912
800 12th Ave NW
AustinMN55912
1306 9th Ave SW
AustinMN55912
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3 Bedroom Apartments
River Bend Town Homes
1200 2nd Dr NEAustin, MN 55912
1111 4th St NW
AustinMN55912
609 11th St NW
AustinMN55912
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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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Rent Specials
$625 - $900
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityA-Lea Apartments
909 Janson StAlbert Lea, MN 56007
Cash 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.
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$675 - $1,150
Plus Fees
1 to 2 Bedroom Apartments Available Now105 Main St S
105 Main St SStewartville, MN 55976
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$790 - $2,325
Plus Fees
1 to 2 Bedroom Apartments Available Jun 1Skye Lofts Apartments
1619 W Main StAlbert Lea, MN 56007
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$1,020 - $1,560
Plus Fees
Studio to 2 Bedroom Apartments Available NowAire
525 Hillcrest Ave SEOwatonna, MN 55060
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$1,025 - $1,625
Plus Fees
Studio to 2 Bedroom Apartments Available Now111 Vine Apartments
111 Vine StOwatonna, MN 55060
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$1,055
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityChambers Apartments
219-227 S Chambers AveOwatonna, MN 55060
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$1,095 - $1,295
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityClifton Apartments
1999 Hartle AveOwatonna, MN 55060
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$1,095 - $1,345
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available Jun 1Cottages of Stewartville
1830 Maple St NEStewartville, MN 55976
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$1,130 - $1,500
Plus Fees
1 to 2 Bedroom Apartments Available NowDodger 56, LLC
104 1st St NWDodge Center, MN 55927
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$1,140 - $1,690
Total Monthly Price
1 to 2 Bedroom Apartments Available Jul 1Total Monthly Price
Base Rent
$1,100 - $1,650
Required Monthly Fees
$40
Total Monthly Price
$1,140 - $1,690
The Pearl
130 E Pearl StOwatonna, MN 55060
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Rent Specials
$1,150 - $1,525
Plus Fees
1 to 2 Bedroom Apartments Available NowSouth Pointe Apartments
201 18th St SWOwatonna, MN 55060
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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Rent Specials
$1,150 - $1,620
Plus Fees
1 to 2 Bedroom Apartments Available Aug 12The Park
800 3rd St SWKasson, MN 55944
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$1,160 - $1,610
Plus Fees
Studio to 2 Bedroom Apartments Available NowSouth Pointe II Apartments
175 18th St SWOwatonna, MN 55060
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$1,200 - $3,408
Total Monthly Price
1 to 3 Bedroom Apartments Available Jun 10Total Monthly Price
Base Rent
$1,200 - $3,408
Total Monthly Price
$1,200 - $3,408
Kodiak Apartments
308 9th Ave NEByron, MN 55920
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$1,224 - $1,654
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available Jun 1Total Monthly Price
Base Rent
$1,205 - $1,635
Required Monthly Fees
Varies
Total Monthly Price
Varies
Coopers Court
614 W Bridge StOwatonna, MN 55060
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Rent Specials
$1,245 - $1,445
Plus Fees12 Month Lease Term
2 to 3 Bedroom Apartments Available NowVALLEY VIEW ESTATES
739 Valley View Ct NEByron, MN 55920
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Rent Specials
$1,250 - $1,350
Plus Fees
Studio to 1 Bedroom Apartments Available NowCedar View Apartments
2575 N Cedar AveOwatonna, MN 55060
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$1,250 - $1,675
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilityBear Path Apartments
1151 4th St NEByron, MN 55920
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$1,275 - $1,550
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowSTEWARTVILLE FLATS
1501 11th Ave NWStewartville, MN 55976
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Rent Specials
$1,296 - $1,595
Plus Fees12 Month Lease Term
2 to 4 Bedroom Apartments Available NowEdge Apartments
905 3rd St SWKasson, MN 55944
302 Franke St
JoiceIA50446
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.
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 | $1,185 | $625 | $1,445 |
| Cheap Austin 1 Bedroom Apartments | $1,364 | $595 | $1,879 |
| Cheap Austin 2 Bedroom Apartments | $1,621 | $860 | $2,830 |
| Cheap Austin 3 Bedroom Apartments | $1,797 | $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. 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 | $650 |
| 105 Main St S | 1-bedroom | 1BR,1BA | $675 |
| Northern Place Apartments | Two Bedroom | 2BR,1BA | $860 |
| A-Lea Apartments | B and C Buildings | 1BR,1BA | $900 |
| Lincoln Apartments LLC | Apt. 12 | 1BR,1BA | $1,005 |
| Flats on 21 | Cottonwood - 60% Area Median Income | 1BR,1BA | $1,006 |
| Aire | Studio, 1 bath | Studio,1BA | $1,020 |
| Webster Apartments | Apt. 01 | 2BR,1BA | $1,035 |
Best Value Apartments for Rent in Austin, MN
As of May 15, 2026 the best value apartment in the Austin area is the $1.09 price per square foot 2 Bedroom Loft Model at Skye Lofts Apartments in the starting from $1,490. The second greatest value Austin apartment is the 2 Bedroom 2 Bathroom Model at South Pointe Apartments starting at $1,430 with a $1.30 price per square foot in the Downtown Owatonna 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. |
|---|---|---|---|
| Skye Lofts Apartments | 2 Bedroom Loft | 2BR,1.5BA | $1.09 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| 411 5th St NW, Unit B | 411 5th St NW | 2BR,1.5BA | $1.05 |
| 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 |
| Dodger 56, LLC | 1 Bedroom 1 Bath | 1BR,1BA | $1.44 |
| 304 1st Ave NW, Unit 101 | 304 1st Ave NW | 1BR,1BA | $1.26 |
| Northern Place Apartments | One Bedroom | 1BR,1BA | $1.31 |
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 Article
Real 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
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Best Local Schools in Austin, MN
School data provided by Great Schools
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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 $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 Northern Place 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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.