Cheap Apartments for Rent in Magnolia, MN from $500 (43 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article
close
View Me
Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
close
View Me
Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
  • Utilities Included
close
View Me
1851 26th St
1 Bedroom Apartments

1851 26th St

1851 26th StSlayton, MN 56172
Senior Living
  • Utilities Included
close
View Me
109 E Luverne St
1 to 2 Bedroom Apartments

109 E Luverne St

109 E Luverne StLuverne, MN 56156
  • Utilities Included
close
View Me
Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

401 S Oak StEllsworth, MN 56129
  • Utilities Included

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.

Read Article
Showing Results 1-43, 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 1 Bed unit found at Taylor's Place Apartments in the East Sioux Falls neighborhood priced from $550. Legacy Village Apartments in the East Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Magnolia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Taylor's Place ApartmentsRent today for only $550!!!1BR,1BA$550
Legacy Village ApartmentsOne Bedroom B1BR,1BA$650
Briarwood Reserve Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$740
Dublin Square Apartments and TownhomesStudio Bedroom / 1 BathroomStudio,1BA$751
Aspen Ridge Reserve1 Bedroom 1 Bathroom Apartment1BR,1BA$760
Okabena Tower 40+1 BR/1 BA1BR,1BA$785
Willows EdgeApartment Style StudioStudio,1BA$795
Hillview ApartmentsAccessible- 2 Bedroom 1 Bathroom2BR,1BA$840
Willows South CommonsStudioStudio,1BA$850
PowderHaus Apartments & TownhomesStudio Apartment (A)Studio,1BA$890

Best Value Apartments for Rent in Magnolia, MN and Nearby

As of July 26, 2025 the best value apartment in the Magnolia area is the $1.22 price per square foot 3 Beds, 2.5 baths Model at Sundance Ridge Townhomes in the in the Southeast Sioux Falls neighborhood starting from $1,750. The second greatest value Magnolia apartment is the 2BR/1.0BA Model at Eastern Hills Apartments starting at $995 with a $0.83 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.
Sundance Ridge Townhomes3 Beds, 2.5 baths3BR,2.5BA$1.22
Eastern Hills Apartments2BR/1.0BA2BR,1BA$0.83
Legacy Village ApartmentsTwo Bedroom D2BR,1.5BA$0.90
Briarwood Apartments2 BEDROOM2BR,1BA$0.91
Bentley Park1 Bedroom 1 Bathroom Lower Level1BR,1BA$1.05
Joslyn Heights Apartments2 Bed 1 Bath Apartment2BR,1BA$1.07
Hillview ApartmentsApartment Style 2 Bedroom 1 Bathroom2BR,1BA$1.03
Ridgeview Residence1 BEDROOM1BR,1BA$1.11
Sullivan Square1 Bedroom 1 Bathroom1BR,1BA$1.18
Taylor's Place ApartmentsRent today for only $550!!!1BR,1BA$0.69

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Magnolia, MN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Magnolia, MN

View Map
Magnolia, MN Apartments Map
View Map
Magnolia, MN Rental Homes Map

Getting Around Magnolia, MN

Walk Score®

1 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Dublin Square Apartments and Townhomes listed at $751.

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

The lowest price for a Cheap One Bedroom Magnolia Apartment is $550 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 $600 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 Briarwood Reserve Apartments and starts from $1,380.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.