Cheap Apartments for Rent in Austin, MN from $675 (67 Rentals)

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Flats on 21
$689 - $1,798

Total Monthly Price

Base Rent$689 - $1,798

Total Monthly Price$689 - $1,798
Studio to 2 Bedroom Apartments Available Now

Flats on 21

1310 21st Ave NWAustin, MN 55912
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  • Customer Reviewed
  • Utilities Included
property at 207 11th Ave NE
$725

Total Monthly Price

Base Rent$725

Total Monthly Price$725
1 Bedroom, 1 Bath Home for Rent
Available Now

207 11th Ave NE

AustinMN55912
property at 814 9th Ave SW
$750

Total Monthly Price

Base Rent$750

Total Monthly Price$750
2 Bedroom, 1 Bath Home for Rent
Available Now

814 9th Ave SW

AustinMN55912
property at 229 11th Ave NE
$795

Total Monthly Price

Base Rent$795

Total Monthly Price$795
1 Bedroom, 1 Bath Home for Rent
Available Oct 1

229 11th Ave NE

AustinMN55912
property at 215 11th Ave NE
$850

Total Monthly Price

Base Rent$850

Total Monthly Price$850
1 Bedroom, 1 Bath Home for Rent
Available Now

215 11th Ave NE

AustinMN55912
property at 400 6th Pl NW
$885 - $895

Total Monthly Price

Base Rent$885

Total Monthly Price$885
1 To 2 Bedroom Rentals
Available Now

400 6th Pl NW

AustinMN55912
property at 1002 W Oakland Ave
$900

Total Monthly Price

Base Rent$900

Total Monthly Price$900
2 Bedroom, 1 Bath Home for Rent
Available Now

1002 W Oakland Ave

AustinMN55912
property at 400 2nd Ave SW
$950

Total Monthly Price

Base Rent$950

Total Monthly Price$950
2 Bedroom, 1 Bath Home for Rent
Available Now

400 2nd Ave SW

AustinMN55912
property at 202 11th Ave NW
$950

Total Monthly Price

Base Rent$950

Total Monthly Price$950
2 Bedroom, 1 Bath Home for Rent
Available Now

202 11th Ave NW

AustinMN55912
property at 204 11th Ave NW
$950

Total Monthly Price

Base Rent$950

Total Monthly Price$950
2 Bedroom Rentals
Available Now

204 11th Ave NW

AustinMN55912

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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Webster Apartments
$1,035 - $1,150

Total Monthly Price

Base Rent$1,035 - $1,150

Total Monthly Price$1,035 - $1,150
12 Month Lease Term
2 Bedroom Apartments Available Now

Webster Apartments

403 12th St NEAustin, MN 55912
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  • Utilities Included
  • 3D Tour
property at 711 1st Dr NW
$1,050

Total Monthly Price

Base Rent$1,050

Total Monthly Price$1,050
2 Bedroom, 1 Bath Home for Rent
Available Now

711 1st Dr NW

AustinMN55912
property at 700 9th Ave NW
$1,075

Total Monthly Price

Base Rent$1,075

Total Monthly Price$1,075
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

700 9th Ave NW

AustinMN55912
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Parkview Place
Rent Specials
$1,110 - $1,460

Total Monthly Price

Base Rent$995 - $1,345
Required Monthly Fees$115

Total Monthly Price$1,110 - $1,460
1 to 3 Bedroom Apartments Available Now

Parkview Place

303 27th St SWAustin, MN 55912
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  • Utilities Included
  • 3D Tour
property at 907 8th St SE
$1,200

Total Monthly Price

Base Rent$1,200

Total Monthly Price$1,200
2 Bedroom, 1 Bath Home for Rent
Available Now

907 8th St SE

AustinMN55912
property at 400-402 2nd St SW
$1,200

Total Monthly Price

Base Rent$1,200

Total Monthly Price$1,200
2 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

400-402 2nd St SW

AustinMN55912
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Mill on Main I & II
Rent Specials
$1,239 - $2,279

Total Monthly Price

Base Rent$1,239 - $2,279

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Mill on Main I & II

704 1st Dr NWAustin, MN 55912
Transit Friendly
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  • Customer Reviewed
  • 3D Tour

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.

property at 200 11th St NE
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
12 Month Lease Term
1 Bedroom, 1 Bath Home for Rent
Available Now

200 11th St NE

AustinMN55912
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property at 802 9th Ave SE
$900

Total Monthly Price

Base Rent$900

Total Monthly Price$900
2 Bedroom, 2 Bath Home for Rent
Available Now

802 9th Ave SE

AustinMN55912
property at 1111 4th St NW
$1,150

Total Monthly Price

Base Rent$1,150

Total Monthly Price$1,150
2 Bedroom, 1 Bath Townhome for Rent
Available Now

1111 4th St NW

AustinMN55912
property at 912 2nd Ave NE
$1,175

Total Monthly Price

Base Rent$1,175

Total Monthly Price$1,175
2 Bedroom, 1 Bath Home for Rent
Available Now

912 2nd Ave NE

AustinMN55912
property at 1207 9th St NE
$1,195

Total Monthly Price

Base Rent$1,195

Total Monthly Price$1,195
2 Bedroom, 1 Bath Home for Rent
Available Now

1207 9th St NE

AustinMN55912
property at 126 Clinton St
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
2 Bedroom, 1 Bath Home for Rent
Available Now

126 Clinton St

AustinMN55912

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.

property at 2113 Oakland Ave E
$1,290

Total Monthly Price

Base Rent$1,290

Total Monthly Price$1,290
12 Month Lease Term
2 Bedroom, 1 Bath Home for Rent
Available Now

2113 Oakland Ave E

AustinMN55912
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Aire
$1,020 - $1,560

Total Monthly Price

Base Rent$1,020 - $1,560

Total Monthly Price$1,020 - $1,560
Studio to 2 Bedroom Apartments Available Soon

Aire

525 Hillcrest Ave SEOwatonna, MN 55060
Family Friendly
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  • Utilities Included
  • Smoke Free
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111 Vine Apartments
Rent Specials
$1,025 - $1,625

Total Monthly Price

Base Rent$1,025 - $1,625

Total Monthly Price$1,025 - $1,625
Studio to 2 Bedroom Apartments Available Now

111 Vine Apartments

111 Vine StOwatonna, MN 55060
Luxury
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  • Utilities Included
  • 3D Tour
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Cedar View Apartments
$1,095 - $1,895

Total Monthly Price

Base Rent$1,095 - $1,895

Total Monthly Price$1,095 - $1,895
Studio to 3 Bedroom Apartments Available Now

Cedar View Apartments

2575 N Cedar AveOwatonna, MN 55060
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
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Cottages of Stewartville
$1,095 - $1,345

Total Monthly Price

Base Rent$1,095 - $1,345

Total Monthly Price$1,095 - $1,345
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Cottages of Stewartville

1840 Maple St NEStewartville, MN 55976
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  • Customer Reviewed
  • Utilities Included

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
$1,130 - $1,500

Total Monthly Price

Base Rent$1,130 - $1,500

Total Monthly Price$1,130 - $1,500
1 to 2 Bedroom Apartments Available Oct 1

Dodger 56, LLC

104 1st St NWDodge Center, MN 55927
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  • Utilities Included
  • 3D Tour
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The Pearl
$1,140 - $1,690

Total Monthly Price

Base Rent$1,100 - $1,650
Required Monthly Fees$40

Total Monthly Price$1,140 - $1,690
1 to 2 Bedroom Apartments Available Nov 1

The Pearl

130 E Pearl StOwatonna, MN 55060
Luxury
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Park
$1,150 - $1,620

Total Monthly Price

Base Rent$1,150 - $1,620

Total Monthly Price$1,150 - $1,620
1 to 2 Bedroom Apartments Available Nov 10

The Park

800 3rd St SWKasson, MN 55944
Luxury
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  • Utilities Included
  • 3D Tour
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Kodiak Apartments
Rent Specials
$1,200 - $3,408

Total Monthly Price

Base Rent$1,200 - $3,408

Total Monthly Price$1,200 - $3,408
1 to 3 Bedroom Apartments Available Now

Kodiak Apartments

308 9th Ave NEByron, MN 55920
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  • Customer Reviewed
  • 3D Tour
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Coopers Court
$1,224 - $1,354

Total Monthly Price

Base Rent$1,205 - $1,335
Required Monthly Fees$19

Total Monthly Price$1,224 - $1,354
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Coopers Court

614 W Bridge StOwatonna, MN 55060
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  • 3D Tour
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STEWARTVILLE FLATS
Rent Specials
$1,275 - $1,550

Total Monthly Price

Base Rent$1,275 - $1,550

Total Monthly Price$1,275 - $1,550
12 Month Lease Term
1 to 2 Bedroom Apartments Available Oct 1

STEWARTVILLE FLATS

1501 11th Ave NWStewartville, MN 55976
Luxury
  • Verified
  • 3D Tour

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

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 ListingModel NameBed/BathPriced From
105 Main St S1-bedroom1BR,1BA$675
Skye Lofts ApartmentsOne Bedroom Unit1BR,1BA$790
CityView Apartments2 Bed / 1 Bath2BR,1BA$865
Northern Place ApartmentsTwo Bedroom2BR,1BA$975
Webster ApartmentsApt. 012BR,1BA$1,035
Chambers Apartments2BR/1.0BA2BR,1BA$1,075
Parkview PlaceParkview 1 bed1BR,1BA$1,110
111 Vine Apartments1 Bedroom 1 Bathroom1BR,1BA$1,110
Flats on 21HickoryStudio,1BA$1,147
Lincoln Apartments LLCApt. 162BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Stone Haven Townhomes2 Bedroom (ADA)2BR,2BA$1.22
Crystal Bay TownhomesExcelsior3BR,2BA$1.38
Skye Lofts Apartments2BR/1.5BA2BR,1.5BA$1.10
Edge ApartmentsThree Bedroom3BR,2BA$1.26
Kodiak ApartmentsThree Bedroom Two Bath - 1078 Sq.Ft3BR,2BA$1.46
Cottages of Stewartville2 Bedroom 1 Bathroom2BR,1BA$1.22
Radel CourtC2BR,1BA$1.46
Lincoln Apartments LLCApt. 082BR,1BA$1.46
CityView Apartments2 Bed / 1 Bath2BR,1BA$1.10
105 Main St S1-bedroom1BR,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.

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Navigating 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.

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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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Austin, MN Rentals by Map

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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

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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.

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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.

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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.

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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.