
Cheap Homes for Rent in Austin, MN from $500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Austin.


919 N Elm Ave

517 E 4th St

101 N Mill St

207 E 4th St
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.

1301 1st St SW

702 E Main St

810 9th Ave SW

821 Jefferson Ave

709 13th St NE
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.

327 W Main St
Austin, MN Local Guide

How much does it cost to rent a home in Austin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Austin 2 Bedroom Homes for Rent | $1,316 | $795 | $1,800 |
| Austin 3 Bedroom Homes for Rent | $1,844 | $1,000 | $3,675 |
| Austin 4 Bedroom Homes for Rent | $1,923 | $1,495 | $2,400 |
| Austin 6 Bedroom Homes for Rent | $1,795 | $1,795 | $1,795 |
Browse Top Homes for Rent in Austin
Explore Austin
Austin, MN Local Guide
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Cheapest Available Austin Apartments for Rent and Nearby
 The cheapest available apartment rental in Austin, MN is a Studio unit found at CityView Apartments priced from $625. A-Lea Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. 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 | $625 |
| A-Lea Apartments | B and C Buildings | 1BR,1BA | $700 |
| Skye Lofts Apartments | 1 Bedroom Unit | 1BR,1BA | $790 |
| Northern Place Apartments | One Bedroom | 1BR,1BA | $795 |
| Parkview Place | Parkview 1 bed | 1BR,1BA | $1,065 |
Best Value Apartments for Rent in Austin, MN and Nearby
As of December 08, 2025 the best value apartment in the Austin area is the $1.32 price per square foot 2 Bedroom Loft Model at Stone Haven Townhomes in the starting from $2,050. The second greatest value Austin apartment is the Excelsior Model at Crystal Bay Townhomes starting at $1,870 with a $1.26 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 Loft | 2BR,2.5BA | $1.32 |
| Crystal Bay Townhomes | Excelsior | 3BR,2BA | $1.26 |
| Edge Apartments | Four Bedroom | 4BR,2BA | $1.33 |
| Skye Lofts Apartments | 2 Bedroom w/ Den | 2BR,1BA | $1.36 |
| Lincoln Apartments LLC | Apt. 28 | 2BR,1BA | $1.23 |
| VALLEY VIEW ESTATES | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.41 |
| CityView Apartments | 2 bedroom | 2BR,1BA | $1.08 |
| Webster Apartments | Apt. 10 | 2BR,1BA | $1.37 |
| Northern Place Apartments | One Bedroom | 1BR,1BA | $1.21 |
| A-Lea Apartments | B and C Buildings | 1BR,1BA | $1.40 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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
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 64 Apartments for Rent in Austin, MN with pricing that ranges from $595 to $2,594. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Austin ranging from $515 to $3,675.
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 $515 to $3,675 with an average monthly rent of $1,405.
How much are larger Three and Four Bedroom Rentals in Austin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Austin range from $1,175 to $2,594, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $3,675. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $1,950.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.