1300 E 6th St
Sioux FallsSD57103
Cheap Homes for Rent in Magnolia, MN from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Magnolia.
203 S Covell Ave
Sioux FallsSD57104
1329 E 4th St
Sioux FallsSD57103
730 1/2 S Spring Ave
Sioux FallsSD57104
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.
506 N French Ave
Sioux FallsSD57103
3034 N Lewis Ave
Sioux FallsSD57104
1308 E 4th St
Sioux FallsSD57103
605 E 14th St
Sioux FallsSD57104
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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Magnolia, MN Local Guide
A dirt country road between farms near Magnolia, Minnesota. by Tony Webster is licensed under CC BY 2.0
How much does it cost to rent a home in Magnolia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnolia 2 Bedroom Homes for Rent | $1,511 | $850 | $2,400 |
| Magnolia 3 Bedroom Homes for Rent | $1,711 | $1,050 | $2,395 |
| Magnolia 4 Bedroom Homes for Rent | $2,456 | $1,899 | $3,595 |
| Magnolia 5 Bedroom Homes for Rent | $3,697 | $3,400 | $3,995 |
Browse Top Homes for Rent in Magnolia
Explore Magnolia
Magnolia, MN Local Guide
- Nearby Cities
- ZIP codes
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgeview Place Apartments | 0BR/1.0BA | Studio,1BA | $599 |
| Taylor's Place Apartments | Find Your New Home: Exclusive Pricing – While U... | 1BR,1BA | $600 |
| Sunshine Apartments | 1 Bedroom and 1 bathroom | 1BR,1BA | $725 |
Best Value Apartments for Rent in Magnolia, MN and Nearby
As of May 08, 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 3 Bedroom 2.5 Bathroom Model at Chestnut Ridge starting at $1,695 with a $1.20 price per square foot . Here is today’s list of the best values for Magnolia apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sundance Ridge Townhomes | 3 Beds, 2.5 baths | 3BR,2.5BA | $1.15 |
| Chestnut Ridge | 3 Bedroom 2.5 Bathroom | 3BR,2.5BA | $1.20 |
| Welcome to Huntington Village | Falls Edge | 2BR,2BA | $1.16 |
| HOME - FIELD APARTMENTS I | 2BR/1.0BA | 2BR,1BA | $1.12 |
| Joslyn Heights Apartments | 2 Bed 2 Bath Apartment | 2BR,2BA | $1.19 |
| Bentley Park | 1 Bedroom 1 Bathroom Lower Level | 1BR,1BA | $1.05 |
| Sullivan Square | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.19 |
| Legacy Village Apartments | Two Bedroom A | 2BR,1BA | $1.10 |
| Taylor's Place Apartments | Find Your New Home: Exclusive Pricing – While U... | 1BR,1BA | $0.75 |
| Chapelwood III Apartments | 1BR/1.0BA | 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.
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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Explore Magnolia, MN Rentals by Map
See the most popular apartments and homes in Magnolia, MN
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 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $725 to $3,995.
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 $725 to $3,995 with an average monthly rent of $2,020.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.