702 E Main St
Albert LeaMN56007
Cheap Homes for Rent in Austin, MN from $800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Austin.
207 E 4th St
Albert LeaMN56007
121 Clinton St
AustinMN55912
1506 7th St SE
AustinMN55912
262 S Pearl St
Albert LeaMN56007
1203 11th St 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.
303 Chestnut St
OsageIA50461
1102 3rd St NW
AustinMN55912
1102 3rd St NW
AustinMN55912
240 E Rice St
OwatonnaMN55060
1111 4th St NW
AustinMN55912
1206 10th 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.
Showing Results 1-12, Page 1 of 1
Austin, MN Local Guide
Downtown Austin Minnesota by Darb02 is licensed under CC BY 4.0
How much does it cost to rent a home in Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Austin 2 Bedroom Homes for Rent | $1,240 | $900 | $1,500 |
| Austin 3 Bedroom Homes for Rent | $1,710 | $1,000 | $2,350 |
| Austin 4 Bedroom Homes for Rent | $2,466 | $1,900 | $4,600 |
| Austin 5 Bedroom Homes for Rent | $3,550 | $3,200 | $3,900 |
| Austin 6 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Austin
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Austin, MN Local Guide
- Nearby Cities
- ZIP codes
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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 |
| Aire | Studio, 1 bath | Studio,1BA | $1,020 |
Best Value Apartments for Rent in Austin, MN
As of June 13, 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 |
| 111 Vine Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.48 |
| Edge Apartments | Two Bedroom | 2BR,2BA | $1.30 |
| Radel Court | D | 2BR,1BA | $1.46 |
| Valley View Estates | Two Bedroom One and One Half Bath | 2BR,1.5BA | $1.47 |
| Lincoln Apartments LLC | Apt. 08 | 2BR,1BA | $1.46 |
| CityView Apartments | 2 bedroom | 2BR,1BA | $1.08 |
| Northern Place Apartments | One Bedroom | 1BR,1BA | $1.31 |
| 105 Main St S | 1-bedroom | 1BR,1BA | $1.23 |
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
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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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 Austin
What type of rentals are currently available in Austin?
There are currently 68 Apartments for Rent in Austin, MN with pricing that ranges from $450 to $3,408. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $850 to $4,600.
What is the current price range for Rental Homes in Austin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Austin ranges from $850 to $4,600 with an average monthly rent of $2,041.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.