Cheap Homes for Rent in Magnolia, MN from $800 (25 Rentals)

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

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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property at 2904 W 33rd St

$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

2904 W 33rd St

Sioux FallsSD57105

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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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. Sunshine Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. 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
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
Nobles Square Apartments1 Bedroom1BR,1BA$785

Best Value Apartments for Rent in Magnolia, MN and Nearby

As of June 22, 2026 the best value apartment in the Magnolia area is the $1.15 price per square foot 3 Beds, 2.5 baths Model at Sundance Ridge Townhomes in the in the Southeast Sioux Falls neighborhood starting from $1,650. The second greatest value Magnolia apartment is the 2BR/1.0BA Model at HOME - FIELD APARTMENTS I starting at $1,230 with a $1.12 price per square foot in the Mystic Meadows 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$1.15
HOME - FIELD APARTMENTS I2BR/1.0BA2BR,1BA$1.12
Hoppe Properties620 #101 and #102 - 2 BD, 1 BA2BR,1BA$0.86
Joslyn Heights Apartments2 Bed 2 Bath Apartment2BR,2BA$1.16
Bentley Park1 Bedroom 1 Bathroom Lower Level1BR,1BA$1.05
Hillview ApartmentsApartment Style 2 Bedroom 1 Bathroom2BR,1BA$1.07
Legacy Village ApartmentsTwo Bedroom A2BR,1BA$1.10
Sullivan Square1 Bedroom 1 Bathroom1BR,1BA$1.19
Chapelwood III Apartments1BR/1.0BA1BR,1BA$1.03
Taylor's Place ApartmentsHOT SIZZLIN DEAL ON BEAUTIFULLY REMODELED 1 BED...1BR,1BA$1.03

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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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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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.

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

Explore Magnolia, MN Rentals by Map

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See the most popular apartments and homes in Magnolia, MN

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Frequently Asked Questions about Magnolia

What type of rentals are currently available in Magnolia?

There are currently 55 Apartments for Rent in Magnolia, MN with pricing that ranges from $599 to $3,005. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $800 to $4,000.

What is the current price range for Rental Homes in Magnolia?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Magnolia ranges from $800 to $4,000 with an average monthly rent of $1,957.

How much are larger Three and Four Bedroom Rentals in Magnolia?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Magnolia range from $999 to $2,785, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $3,950. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $2,100.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.

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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.