Cheap Apartments for Rent in Preston, MN from $600 (14 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 Marion Apartments
Studio Apartments

The Marion Apartments

1600 Marion Rd SERochester, MN 55904
  • Utilities Included
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The Graham
Studio Apartments

The Graham

108 16th St SERochester, MN 55904
Affordability
  • Utilities Included

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.

property at 121 Main St S

121 Main St S

Grand MeadowMN55936

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 $850. Country Valley has the second lowest priced unit, which is a 3 Beds apartment currently listed from $995. Here is today’s list of the most affordable Preston apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadow Park ApartmentsClassic One Bedroom1BR,1BA$850
Country Valley16x723BR,2BA$995
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1,125
EastGate ApartmentsS1-60Studio,1BA$1,166
The Manor at Med City1 Bedroom - Deluxe1BR,1BA$1,225

Best Value Apartments for Rent in Preston, MN and Nearby

As of July 24, 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 3bed/2bathroom Model at The Riverview starting at $1,695 with a $1.35 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.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
The Riverview3bed/2bathroom3BR,2BA$1.35
Falcon Heights Townhomes1 Bed, 1.5 Bath, Plus Den2BR,1.5BA$1.61
Country Valley16x723BR,2BA$0.86
SoRoc on MaineBrookside2BR,2BA$2.06
318 Commons3BR/2.0BA3BR,2BA$2.00
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.36
Flats 551bd 1bth1BR,1BA$1.68
The Boulders1A1BR,1BA$2.06
Meadow Park ApartmentsModern One Bedroom1BR,1BA$1.72

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

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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

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 EastGate Apartments listed at $1,166.

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

The lowest price for a Cheap One Bedroom Preston Apartment is $850 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 $925 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 $995.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.