Cheap Apartments for Rent in Preston, MN from $400 (10 Rentals)

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Search the lowest-cost Apartments available for rent right now in Preston.

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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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.

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Preston, MN Local Guide

Cheapest Available Preston Apartments for Rent and Nearby

 

The cheapest available apartment rental in Preston, MN is a 1 Bed unit found at Meadow Park Apartments in the Meadow Park neighborhood priced from $800. EastGate Apartments in the Meadow Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Preston apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadow Park ApartmentsClassic One Bedroom1BR,1BA$800
EastGate ApartmentsA1-601BR,1BA$1,095
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1,125

Best Value Apartments for Rent in Preston, MN and Nearby

As of June 08, 2025 the best value apartment in the Preston area is the $1.07 price per square foot 2BR Model at Broadway Plaza - Mayo Clinic in the in the Meadow Park neighborhood starting from $1,700. The second greatest value Preston apartment is the Violet Model at The Vista at South Broadway starting at $1,851 with a $1.29 price per square foot in the Forest Knoll Heritage neighborhood. Here is today’s list of the best values for Preston apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
The Vista at South BroadwayViolet3BR,2BA$1.29
Falcon Heights Townhomes2 Bed, 2.5 Bath, Plus Den2BR,2.5BA$1.57
The Riverview3bed/2bathroom3BR,2BA$1.31
Crystal Bay TownhomesLafayette2BR,1.5BA$1.39
Homestead Village Townhomes3 Bedroom 2 Bathroom3BR,2BA$1.43
TwentyFirst Ave3 Bedrooms 1 Bathroom3BR,1BA$1.46
SoRoc On MaineNEW! Stoneridge + Den1BR,1BA$1.93
EastGate ApartmentsA1-701BR,1BA$1.89
Meadow Park ApartmentsModern One Bedroom1BR,1BA$1.73

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

Explore Preston, MN Rentals by Map

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See the most popular apartments and homes in Preston, MN

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Getting Around Preston, MN

Walk Score®

36 / 100

Car-Dependent

Most errands require a car

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Residence at Discovery Square listed at $1,425.

How much is rent for a Cheap One Bedroom Preston Apartment?

The lowest price for a Cheap One Bedroom Preston Apartment is $800 at Meadow Park Apartments.

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 $900 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 Meadow Park Apartments and starts from $1,000.

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.

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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.

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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.