121 Main St S
Grand MeadowMN55936
Cheap Homes for Rent in Preston, MN from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Preston.
220 5th St NE
Grand MeadowMN55936
28 6th Ave SE
RochesterMN55904
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.
1803 Daniel Ln NE
StewartvilleMN55976
2094 11th Ave SE
RochesterMN55904
1732 2nd Ave SE
RochesterMN55904
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.
524 10th St SE
RochesterMN55904
Showing Results 1-7, Page 1 of 1
Preston, MN Local Guide
Snow Geese Migrating by USFWS Midwest Region is licensed under CC BY 2.0
How much does it cost to rent a home in Preston?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preston 2 Bedroom Homes for Rent | $1,552 | $1,050 | $1,950 |
| Preston 3 Bedroom Homes for Rent | $2,116 | $1,700 | $2,800 |
| Preston 4 Bedroom Homes for Rent | $3,181 | $1,695 | $4,900 |
| Preston 5 Bedroom Homes for Rent | $3,850 | $2,800 | $4,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Preston
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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 105 Main St S priced from $675. Clover Patch Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here is today’s list of the most affordable Preston apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 105 Main St S | 1-bedroom | 1BR,1BA | $675 |
| Clover Patch Apartments | One Bedroom | 1BR,1BA | $815 |
| Country Valley | 16x72 | 3BR,2BA | $895 |
Best Value Apartments for Rent in Preston, MN and Nearby
As of May 06, 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 2 Bed, 2.5 Bath Model at Falcon Heights Townhomes starting at $1,970 with a $1.66 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Scenic View Townhomes | Three Bedroom/ One Bathroom | 3BR,1.5BA | $0.95 |
| 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 |
| Civic Square Apartments | Two Bedroom - 855 Sq. Ft. | 2BR,2BA | $1.77 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| STEWARTVILLE FLATS | 1 BED 1 BATH | 1BR,1BA | $1.68 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1.85 |
| Clover Patch Apartments | One Bedroom | 1BR,1BA | $1.52 |
| 105 Main St S | 1-bedroom | 1BR,1BA | $1.93 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article
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.
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Explore Preston, MN Rentals by Map
See the most popular apartments and homes in Preston, MN
Frequently Asked Questions about Preston
What type of rentals are currently available in Preston?
There are currently 51 Apartments for Rent in Preston, MN with pricing that ranges from $834 to $7,270. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston ranging from $900 to $4,900.
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 $900 to $4,900 with an average monthly rent of $2,108.
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 $895 to $3,987, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,950.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.