Cheap Apartments for Rent near Magnolia, MN from $599 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in Magnolia.

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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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.

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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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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
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Westside Apartments
1 to 2 Bedroom Apartments

Westside Apartments

1851 26th StSlayton, MN 56172
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Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
  • 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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Buffalo Ridge Apartments
1 to 2 Bedroom Apartments

Buffalo Ridge Apartments

2107 Nobles StWorthington, MN 56187
Senior Living
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City Centre Apartments
Studio to 3 Bedroom Apartments

City Centre Apartments

109 E Luverne StLuverne, MN 56156
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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

401 S Oak StEllsworth, MN 56129
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Eagle Creek Apartments
Studio to 3 Bedroom Apartments

Eagle Creek Apartments

106 S Sandstone AveBrandon, SD 57005
Corporate Housing

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.

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property at 270 US-59
$1,000

Total Monthly Price

Base Rent$1,000
Total Monthly Price$1,000
12 Month Lease Term
1 Bedroom Rentals
Available Now

270 US-59

FuldaMN56131
Showing Results 1-44, Page 1 of 1

Magnolia, MN Local Guide

Cheapest Available Magnolia Apartments for Rent and Nearby

 

The cheapest available apartment rental in Magnolia, MN is a Studio unit found at Ridgeview Place Apartments in the Mystic Meadows neighborhood priced from $599. Taylor's Place Apartments in the East Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Magnolia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview Place Apartments0BR/1.0BAStudio,1BA$599
Taylor's Place ApartmentsSAY GOODBYE TO SUMMER AND HELLO TO SAVINGS! 1 B...1BR,1BA$600
Sunshine Apartments1 Bedroom and 1 bathroom1BR,1BA$725
Legacy Village ApartmentsOne Bedroom B1BR,1BA$750
Dublin Square Apartments and TownhomesStudio Bedroom / 1 BathroomStudio,1BA$775
Briarwood Reserve ApartmentsStudio ApartmentStudio,1BA$790
Grand Teton Estates Apartments2BR/1.0BA2BR,1BA$800
Aspen Ridge ReserveStudio ApartmentStudio,1BA$800
Okabena Tower 62+1 BR/1 BA1BR,1BA$827
Willows Edge CommonsApartment Style StudioStudio,1BA$845

Best Value Apartments for Rent in Magnolia, MN and Nearby

As of September 12, 2026 the best value apartment in the Magnolia area is the $0.95 price per square foot 2 Bedroom 1.5 Bathroom Model at The Current in the in the Southeast Sioux Falls neighborhood starting from $1,410. The second greatest value Magnolia apartment is the 2bd1ba Model at Kensington Apartments starting at $1,045 with a $0.95 price per square foot in the Southeast Sioux Falls neighborhood. Here is today’s list of the best values for Magnolia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Current2 Bedroom 1.5 Bathroom2BR,1.5BA$0.95
Kensington Apartments2bd1ba2BR,1BA$0.95
HOME - FIELD APARTMENTS I2BR/1.0BA2BR,1BA$1.07
Chapelwood III Apartments2BR/1.0BA2BR,1BA$0.90
Briarwood Apartments2 Bedroom Layout2BR,1BA$0.91
Joslyn Heights Apartments2 Bed 1 Bath Apartment2BR,1BA$1.06
Hillview ApartmentsApartment Style 2 Bedroom 1 Bathroom2BR,1BA$1.09
Legacy Village ApartmentsTwo Bedroom A2BR,1BA$1.10
Taylor's Place ApartmentsNEW SEASON, NEW HOME! 1 BEDROOM 1 BATH, $500 DE...1BR,1BA$0.75
Grand Teton Estates Apartments2BR/1.0BA2BR,1BA$1.00

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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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 Magnolia, MN Rentals by Map

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Frequently Asked Questions about Cheap Magnolia Apartments

What is the Cheapest Studio apartment in Magnolia?

Currently the most affordable Cheap Studio Apartment in Magnolia is at Ridgeview Place Apartments listed at $599.

How much is rent for a Cheap One Bedroom Magnolia Apartment?

The lowest price for a Cheap One Bedroom Magnolia Apartment is $600 at Taylor's Place Apartments.

What is the lowest price for a Cheap Two Bedroom Magnolia Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Magnolia is starting from $700 at Taylor's Place Apartments.

What is the most affordable Magnolia Three Bedroom Apartment?

The best deal on a cheap Magnolia Three Bedroom Apartment rental is at Foss Fields Ascent and starts from $1,280.

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.