
Cheap Apartments for Rent in Preston, MN from $600 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Preston.


Eastwood Manors

Lobb Field Apartments

Country Valley

The Beacon

Total Monthly Price
Chester Estates

Meadow Park Apartments

Scenic View Townhomes
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.

Total Monthly Price
Civic Square Apartments

Cottages of Stewartville

EastGate Apartments

Total Monthly Price
The Ida

Homestead Village Townhomes

5th on 5th Apartments

Eastwood Ridge

SoRoc on Maine
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.

The Manor at Med City

Residence at Discovery Square

FLATS 55

318 Commons

The HUE

The Riverview

Avani Living

The Vista at South Broadway
Cash 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.

TwentyFirst Ave

501 on First

Total Monthly Price
The Rosewater

111 8th Ave SE

1107 5th Ave NW

120 11th St NW

491 Pointe Ct SW
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 | $1,548 | $1,075 | $2,050 |
| Preston 1 Bedroom Apartments | $1,729 | $775 | $2,705 |
| Preston 2 Bedroom Apartments | $2,244 | $895 | $3,700 |
| Preston 3 Bedroom Apartments | $2,159 | $895 | $3,660 |
Browse Top Apartments in Preston
See all Apartments in PrestonExplore Preston
Preston, MN Local Guide
- Nearby Cities
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- School Districts
Cheapest Available Preston Apartments for Rent and Nearby
 The cheapest available apartment rental in Preston, MN is a Studio unit found at The Graham in the Meadow Park neighborhood priced from $775. Country Valley has the second lowest priced unit, which is a 3 Beds apartment currently listed from $895. Here is today’s list of the most affordable Preston apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Graham | Studio w/ Utilities & Wifi Included | Studio,1BA | $775 |
| Country Valley | 16x72 | 3BR,2BA | $895 |
| Meadow Park Apartments | Modern One Bedroom | 1BR,1BA | $995 |
| Scenic View Townhomes | Two Bedroom/ One Bathroom | 2BR,1BA | $1,050 |
| EastGate Apartments | S1-60 | Studio,1BA | $1,096 |
| Eastwood Ridge | Hummingbird | Studio,1BA | $1,158 |
| The Ida | Furnished 1B1B | 1BR,1BA | $1,200 |
| The Manor at Med City | 1 Bedroom - Deluxe | 1BR,1BA | $1,225 |
| SoRoc on Maine | Crescent | Studio,1BA | $1,225 |
| Civic Square Apartments | One Bedroom - 602 Sq.Ft. | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Preston, MN and Nearby
As of December 10, 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 Three Bedroom/ One Bathroom Model at Scenic View Townhomes starting at $1,200 with a $0.92 price per square foot . 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. |
|---|---|---|---|
| Broadway Plaza - Mayo Clinic | 2BR | 2BR,2.5BA | $1.07 |
| Scenic View Townhomes | Three Bedroom/ One Bathroom | 3BR,1.5BA | $0.92 |
| 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 |
| Preserve on Maine | Arcadia | 2BR,2BA | $1.73 |
| TwentyFirst Ave | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.49 |
| 5th on 5th Apartments | 1 Bedroom 1 Bath +Den | 1BR,1BA | $1.78 |
| FLATS 55 | 1 BED 1 BATH | 1BR,1BA | $1.68 |
| Meadow Park Apartments | Modern One Bedroom | 1BR,1BA | $1.72 |
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 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
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
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 The Graham listed at $775.
How much is rent for a Cheap One Bedroom Preston Apartment?
The lowest price for a Cheap One Bedroom Preston Apartment is $995 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 $1,050 at Scenic View Townhomes.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.
