Cheap Homes for Rent in Magnolia, MN from $600 (8 Rentals)

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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.

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.

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 $500. Legacy Village Apartments in the East Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. 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 $500!!!1BR,1BA$500
Legacy Village ApartmentsOne Bedroom B1BR,1BA$625
Aspen Ridge Reserve1 Bedroom 1 Bathroom Apartment1BR,1BA$745

Best Value Apartments for Rent in Magnolia, MN and Nearby

As of May 28, 2025 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 East Sioux Falls neighborhood starting from $1,650. The second greatest value Magnolia apartment is the 3 Bedroom 1.5 Bathroom Model at Hoppe Properties starting at $1,475 with a $1.25 price per square foot in the Northeast 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$1.15
Hoppe Properties3 Bedroom 1.5 Bathroom3BR,1.5BA$1.25
Eastern Hills Apartments2BR/1.0BA2BR,1BA$1.03
The Bluffs at Willow Run1 Bedroom / 1 Bathroom1BR,1BA$1.25
Joslyn Heights Apartments2 Bed 1 Bath Apartment2BR,1BA$1.12
HOME - FIELD APARTMENTS I1BR/1.0BA1BR,1BA$1.27
Ridgeview Residence1 BEDROOM1BR,1BA$1.11
Sullivan Square1 Bedroom 1 Bathroom1BR,1BA$1.18
Legacy Village ApartmentsTwo Bedroom A2BR,1BA$0.95
Taylor's Place ApartmentsRent today for only $500!!!1BR,1BA$0.63

Quick Rent Budget Calculator

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Frequently Asked Questions about Magnolia

What type of rentals are currently available in Magnolia?

There are currently 46 Apartments for Rent in Magnolia, MN with pricing that ranges from $500 to $4,500. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $650 to $4,995.

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 $650 to $4,995 with an average monthly rent of $2,103.

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 $875 to $2,785, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $4,950. Four Bedroom Single-Family rentals are also available starting from $1,425 and Four Bedroom Apartments start at $2,100.

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 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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.