
Cheap Apartments for Rent in Preston, MN from $600 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Preston.


Clover Patch Apartments

Country Valley

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Meadow Park Apartments

Eastwood Manor

The Beacon

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The Ida

Lobb Field Apartments

Scenic View Townhomes
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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Civic Square Apartments

EastGate Apartments

Cottages of Stewartville

Homestead Village Townhomes

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5th on 5th Apartments

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Residence at Discovery Square

STEWARTVILLE FLATS

The HUE

Avani Living
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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The Manor at Med City

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The Riverview

501 on First

Preserve on Maine

Red44 Luxury Apartments | Specials Available

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Flats on 4th

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The Rosewater

121 Main St S

The Graham
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.

1017 21st St SE

Chester Estates

220 5th St NE

28 6th Ave SE

1803 Daniel Ln NE

2094 11th Ave SE

1732 2nd Ave SE

524 10th St SE

Lofts at Mayo Park
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.
Preston, MN Local Guide

How much does it cost to rent an apartment in Preston?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preston Studio Apartments | $1,675 | $1,000 | $7,270 |
| Preston 1 Bedroom Apartments | $1,716 | $834 | $2,705 |
| Preston 2 Bedroom Apartments | $2,109 | $895 | $4,000 |
| Preston 3 Bedroom Apartments | $2,199 | $895 | $3,987 |
| Preston 4 Bedroom Apartments | $1,950 | $1,950 | $1,950 |
Browse Top Apartments in Preston
See all Apartments in PrestonExplore Preston
Preston, MN Local Guide
- Nearby Cities
- ZIP codes
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Cheapest Available Preston Apartments for Rent and Nearby
 The cheapest available apartment rental in Preston, MN is a 1 Bed unit found at 105 Main St S priced from $675. Clover Patch Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here is today’s list of the most affordable Preston apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 105 Main St S | 1-bedroom | 1BR,1BA | $675 |
| Clover Patch Apartments | One Bedroom | 1BR,1BA | $815 |
| Country Valley | 16x72 | 3BR,2BA | $895 |
| Meadow Park Apartments | Modern Two Bedroom | 2BR,1BA | $920 |
| Scenic View Townhomes | Two Bedroom/ One Bathroom | 2BR,1BA | $1,088 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,125 |
| STEWARTVILLE FLATS | 1 BED 1 BATH | 1BR,1BA | $1,275 |
| The Manor at Med City | 1 Bedroom - Deluxe | 1BR,1BA | $1,360 |
| The Riverview | 1 Bed | 1BR,1BA | $1,370 |
| The Rosewater | Yarrow | 1BR,1BA | $1,491 |
Best Value Apartments for Rent in Preston, MN and Nearby
As of May 07, 2026 the best value apartment in the Preston area is the $0.95 price per square foot Three Bedroom/ One Bathroom Model at Scenic View Townhomes in the starting from $1,236. The second greatest value Preston apartment is the 2 Bed, 2.5 Bath Model at Falcon Heights Townhomes starting at $1,970 with a $1.66 price per square foot in the East Rochester neighborhood. Here is today’s list of the best values for Preston apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Scenic View Townhomes | Three Bedroom/ One Bathroom | 3BR,1.5BA | $0.95 |
| Falcon Heights Townhomes | 2 Bed, 2.5 Bath | 2BR,2.5BA | $1.66 |
| Country Valley | 16x72 | 3BR,2BA | $0.78 |
| Avani Living | Two Bedroom A | 2BR,2BA | $1.53 |
| Civic Square Apartments | Two Bedroom - 855 Sq. Ft. | 2BR,2BA | $1.77 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| STEWARTVILLE FLATS | 1 BED 1 BATH | 1BR,1BA | $1.68 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1.85 |
| Clover Patch Apartments | One Bedroom | 1BR,1BA | $1.52 |
| 105 Main St S | 1-bedroom | 1BR,1BA | $1.93 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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
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Read ArticleCash 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Preston, MN Rentals by Map
See the most popular apartments and homes in Preston, MN
Frequently Asked Questions about Cheap Preston Apartments
What is the Cheapest Studio apartment in Preston?
Currently the most affordable Cheap Studio Apartment in Preston is at The Beacon listed at $995.
How much is rent for a Cheap One Bedroom Preston Apartment?
The lowest price for a Cheap One Bedroom Preston Apartment is $675 at 105 Main St S.
What is the lowest price for a Cheap Two Bedroom Preston Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Preston is starting from $920 at Meadow Park Apartments.
What is the most affordable Preston Three Bedroom Apartment?
The best deal on a cheap Preston Three Bedroom Apartment rental is at Country Valley and starts from $895.
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.