
Cheap Apartments for Rent in Preston, MN from $600 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Preston.


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Clover Patch Apartments

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Country Valley

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Meadow Park Apartments

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Eastwood Manor Apartments

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Lobb Field Apartments

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1017 21st St SE

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The Ida

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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.

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Civic Square Apartments

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EastGate Apartments

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Cottages of Stewartville

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Homestead Village Townhomes

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Eastwood Ridge

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5th on 5th Apartments

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Residence at Discovery Square

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STEWARTVILLE FLATS

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The Riverview
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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318 Commons

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The Vista at South Broadway

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Avani Living

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TwentyFirst Ave

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The Manor at Med City

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501 on First

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Preserve on Maine

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The Rosewater

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Red44 Luxury Apartments | Specials Available
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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Metropolitan Market Place

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First & Banks

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The HUE

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Flats on 4th

The Beacon

Chester Estates

The Graham

2011 Viking Dr NW

1302 12th Ave NW
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

725 7th St NW

524 10th St SE

Lofts at Mayo Park
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 | $1,578 | $1,000 | $1,995 |
| Preston 1 Bedroom Apartments | $1,797 | $815 | $10,000+ |
| Preston 2 Bedroom Apartments | $2,181 | $895 | $4,000 |
| Preston 3 Bedroom Apartments | $2,116 | $895 | $3,875 |
Browse Top Apartments in Preston
See all Apartments in PrestonExplore Preston
Preston, MN Local Guide
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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 Clover Patch Apartments priced from $815. Meadow Park Apartments in the Meadow Park neighborhood has the second lowest priced unit, which is a 2 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 |
|---|---|---|---|
| Clover Patch Apartments | One Bedroom | 1BR,1BA | $815 |
| Meadow Park Apartments | Classic Two Bedrooom | 2BR,1BA | $895 |
| Country Valley | 16x72 | 3BR,2BA | $895 |
| 1017 21st St SE | 2 beds 1 bath | 2BR,1BA | $950 |
| Scenic View Townhomes | Two Bedroom/ One Bathroom | 2BR,1BA | $1,088 |
| EastGate Apartments | A1-60 | 1BR,1BA | $1,095 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,125 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1,200 |
| The Riverview | 1 Bed | 1BR,1BA | $1,295 |
| Residence at Discovery Square | Alcove | Studio,1BA | $1,345 |
Best Value Apartments for Rent in Preston, MN and Nearby
As of March 21, 2026 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 $1,236 with a $0.95 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 | $0.95 |
| Crystal Bay Townhomes | Lafayette | 2BR,1.5BA | $1.38 |
| Country Valley | 16x72 | 3BR,2BA | $0.78 |
| Avani Living | Two Bedroom A | 2BR,2BA | $1.53 |
| STEWARTVILLE FLATS | 2 BED 2 BATH A | 2BR,2BA | $1.36 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| 1017 21st St SE | 2 beds 1 bath | 2BR,1BA | $1.27 |
| Meadow Park Apartments | Modern Two Bedroom | 2BR,1BA | $1.44 |
| Clover Patch Apartments | One Bedroom | 1BR,1BA | $1.54 |
10 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
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 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 Residence at Discovery Square listed at $1,345.
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 $895 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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.