Cheap Homes for Rent in Preston, MN from $900 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 121 Main St S

121 Main St S

Grand MeadowMN55936

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 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

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 $1,096. 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 ApartmentsA1-501BR,1BA$1,096
The Manor at Med City1 Bedroom - Deluxe1BR,1BA$1,225

Best Value Apartments for Rent in Preston, MN and Nearby

As of June 25, 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 2 Bed, 2.5 Bath, Plus Den Model at Falcon Heights Townhomes starting at $2,200 with a $1.57 price per square foot in the East Rochester 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
Falcon Heights Townhomes2 Bed, 2.5 Bath, Plus Den2BR,2.5BA$1.57
The Riverview3bed/2bathroom3BR,2BA$1.27
SoRoc On MaineNEW! Brookside2BR,2BA$1.88
TwentyFirst Ave3 Bedrooms 1 Bathroom3BR,1BA$1.46
Civic Square ApartmentsTwo Bedroom - 977 Sq. Ft.2BR,2BA$1.52
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.61
The Vista at South BroadwayCyrus1BR,1BA$1.98
EastGate ApartmentsA1-701BR,1BA$1.89
Meadow Park ApartmentsModern One Bedroom1BR,1BA$1.73

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Preston

What type of rentals are currently available in Preston?

There are currently 37 Apartments for Rent in Preston, MN with pricing that ranges from $500 to $5,632. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston ranging from $950 to $3,500.

What is the current price range for Rental Homes in Preston?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Preston ranges from $950 to $3,500 with an average monthly rent of $1,958.

How much are larger Three and Four Bedroom Rentals in Preston?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Preston range from $995 to $2,832, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,900.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.