
Cheap Homes for Rent in Magnolia, MN from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Magnolia.


723 S 4th Ave

316 N Van Eps Ave

3612 N 6th Ave

820 N Cedar St

1110 S Blaine Ave
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.

1114 S Blaine Ave

945 N Harrington Ave

945 Harrington Ave

301 Luverne St.

1529 E 8th St

1814 17th St
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.

1428 E 4th St
Magnolia, MN Local Guide

How much does it cost to rent a home in Magnolia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnolia 2 Bedroom Homes for Rent | $1,058 | $599 | $1,725 |
| Magnolia 3 Bedroom Homes for Rent | $1,658 | $1,250 | $3,150 |
| Magnolia 4 Bedroom Homes for Rent | $2,277 | $999 | $3,950 |
| Magnolia 5 Bedroom Homes for Rent | $3,831 | $3,000 | $4,495 |
Browse Top Homes for Rent in Magnolia
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Magnolia, MN Local Guide
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Cheapest Available Magnolia Apartments for Rent and Nearby
 The cheapest available apartment rental in Magnolia, MN is a 2 Beds unit found at Briarwood Apartments in the Mystic Meadows neighborhood priced from $399. Aspen Ridge Reserve has the second lowest priced unit, which is a Studio apartment currently listed from $635. Here is today’s list of the most affordable Magnolia apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Briarwood Apartments | 2 BEDROOM | 2BR,1BA | $399 |
| Aspen Ridge Reserve | Studio Apartment | Studio,1BA | $635 |
| Legacy Village Apartments | One Bedroom B | 1BR,1BA | $650 |
| Dublin Square Apartments and Townhomes | Studio Bedroom / 1 Bathroom | Studio,1BA | $751 |
| Chapelwood III Apartments | 1BR/1.0BA | 1BR,1BA | $800 |
Best Value Apartments for Rent in Magnolia, MN and Nearby
As of October 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 Southeast 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sundance Ridge Townhomes | 3 Beds, 2.5 baths | 3BR,2.5BA | $1.15 |
| Hoppe Properties | 3 Bedroom 1.5 Bathroom | 3BR,1.5BA | $1.25 |
| Eastern Hills Apartments | 2BR/1.0BA | 2BR,1BA | $1.03 |
| Briarwood Apartments | 2 BEDROOM | 2BR,1BA | $0.40 |
| Bentley Park | 1 Bedroom 1 Bathroom Upper Level | 1BR,1BA | $1.03 |
| Hillview Apartments | Apartment Style 2 Bedroom 1 Bathroom | 2BR,1BA | $1.08 |
| Ridgeview Residence | 1 BEDROOM | 1BR,1BA | $1.11 |
| Sullivan Square | 1 Bedroom 1 Bathroom Accessible | 1BR,1BA | $1.10 |
| Chapelwood III Apartments | 1BR/1.0BA | 1BR,1BA | $1.00 |
| Legacy Village Apartments | One Bedroom B | 1BR,1BA | $0.87 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 49 Apartments for Rent in Magnolia, MN with pricing that ranges from $399 to $3,778. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia ranging from $599 to $4,495.
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 $599 to $4,495 with an average monthly rent of $1,919.
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 $950 to $3,778, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $3,150. Four Bedroom Single-Family rentals are also available starting from $999 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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.