Cheap Apartments for Rent near Preston, MN from $600 (39 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Ida
$1,200 - $1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,400
Total Monthly Price
$1,200 - $1,400
1 Bedroom Apartments Available Now

The Ida

1226-1232 4th Ave SWRochester, MN 55902
Furnished
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  • Customer Reviewed
  • Utilities Included
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5th on 5th Apartments
$1,270 - $1,680
Total Monthly Price

Total Monthly Price

Base Rent
$1,230 - $1,640
Required Monthly Fees
$40
Total Monthly Price
$1,270 - $1,680
Studio to 1 Bedroom Apartments Available Sep 1

5th on 5th Apartments

510 5th St SWRochester, MN 55902
Affordability
  • Verified
  • Utilities Included
  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Riverview
Rent Specials
$1,345 - $1,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $1,595
Total Monthly Price
$1,345 - $1,595
1 to 2 Bedroom Apartments Available Now

The Riverview

211 1st St NERochester, MN 55906
Transit Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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The Manor at Med City
$1,360 - $1,765
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $1,630
Required Monthly Fees
$135
Total Monthly Price
$1,360 - $1,765
1 to 3 Bedroom Apartments Available Now

The Manor at Med City

1505 Marion Rd SERochester, MN 55904
Affordability
  • Verified
  • Utilities Included
  • 3D Tour
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The Rosewater
Rent Specials
$1,395 - $2,532
Total Monthly Price

Total Monthly Price

Base Rent
$1,305 - $2,442
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Rosewater

1155 Felty Ave SERochester, MN 55904
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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SoRoc on Maine
Rent Specials
$1,435 - $3,190
Total Monthly Price

Total Monthly Price

Base Rent
$1,435 - $3,190
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

SoRoc on Maine

4850 Maine Ave SERochester, MN 55904
Furnished
  • Verified
  • 3D Tour
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The Graham
Studio to 1 Bedroom Apartments

The Graham

108 16th St SERochester, MN 55904
Corporate Housing
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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1017 21st St SE
2 Bedroom Apartments

1017 21st St SE

1017 21st St SERochester, MN 55904
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Chester Estates
1 to 2 Bedroom Apartments

Chester Estates

1463-1537 6th Ave SERochester, MN 55904
property at 121 Main St S

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

Studio, 1 Bath Condo for Rent

Available Now

121 Main St S

Grand MeadowMN55936
property at 28 6th Ave SE

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Townhome for Rent

Available Now

28 6th Ave SE

RochesterMN55904
property at 2094 11th Ave SE

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

2094 11th Ave SE

RochesterMN55904
property at 32 11th St NW

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available Now

32 11th St NW

RochesterMN55901

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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property at 220 Broadway Ave S

$1,395 - $1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

1 To 2 Bedroom Rentals

Available Now

220 Broadway Ave S

RochesterMN55904
property at 101 8th Ave SE

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

1 Bedroom, 1 Bath Home for Rent

Available Sep 4

101 8th Ave SE

RochesterMN55904
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Lofts at Mayo Park
1 to 2 Bedroom Apartments

Lofts at Mayo Park

123 6th Ave SERochester, MN 55904
Corporate Housing
  • Utilities Included
Showing Results 1-39, Page 1 of 1

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 Clover Patch Apartments priced from $815. Sutton Place in the Meadow Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here is today’s list of the most affordable Preston apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Clover Patch ApartmentsOne Bedroom1BR,1BA$815
Sutton Place1 bed 1 bath1BR,1BA$925
Chester Estates2 Bed2BR,1BA$985
The BeaconStudioStudio,1BA$995
Meadow Park ApartmentsClassic Two Bedrooom2BR,1BA$1,045
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1,125
The IdaUnfurnished 1B1B1BR,1BA$1,200
Scenic View TownhomesThree Bedroom/ One Bathroom3BR,1BA$1,236
Cottages of Stewartville3 Bedroom 1 Bathroom3BR,1BA$1,345
The Manor at Med City1 Bedroom - Deluxe1BR,1BA$1,360

Best Value Apartments for Rent in Preston, MN and Nearby

As of August 05, 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 Swan Model at Eastwood Ridge starting at $1,815 with a $1.68 price per square foot in the Meadow Park 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.
Scenic View TownhomesThree Bedroom/ One Bathroom3BR,1.5BA$0.95
Eastwood RidgeSwan2BR,2BA$1.68
Cottages of Stewartville3 Bedroom 1 Bathroom3BR,1BA$1.25
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.36
Chester Estates2 Bed2BR,1BA$1.23
The Riverview1 Bed + Den1BR,1BA$1.97
Meadow Park ApartmentsModern Two Bedroom2BR,1BA$1.73
Sutton Place1 bed 1 bath1BR,1BA$1.41
The IdaFurnished 1 bedroom1BR,1BA$1.85
Clover Patch ApartmentsOne Bedroom1BR,1BA$1.52

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

Explore Preston, MN Rentals by Map

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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 $815 at Clover Patch 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 $879 at Clover Patch Apartments.

What is the most affordable Preston Three Bedroom Apartment?

The best deal on a cheap Preston Three Bedroom Apartment rental is at Scenic View Townhomes and starts from $1,236.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.