
Cheap Homes for Rent in Preston, MN from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Preston.


121 Main St S

817 E Water St
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.

1513 4th St NE

510 Pointe Ct SW

1404 52nd Ave SE
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

How much does it cost to rent a home in Preston?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Preston 2 Bedroom Homes for Rent | $1,665 | $950 | $2,300 |
Preston 3 Bedroom Homes for Rent | $1,946 | $1,600 | $2,400 |
Preston 4 Bedroom Homes for Rent | $2,273 | $1,695 | $3,200 |
Preston 5 Bedroom Homes for Rent | $3,366 | $3,200 | $3,500 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Meadow Park Apartments | Classic One Bedroom | 1BR,1BA | $800 |
EastGate Apartments | A1-50 | 1BR,1BA | $1,096 |
The Manor at Med City | 1 Bedroom - Deluxe | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Broadway Plaza - Mayo Clinic | 2BR | 2BR,2.5BA | $1.07 |
Falcon Heights Townhomes | 2 Bed, 2.5 Bath, Plus Den | 2BR,2.5BA | $1.57 |
The Riverview | 3bed/2bathroom | 3BR,2BA | $1.27 |
SoRoc On Maine | NEW! Brookside | 2BR,2BA | $1.88 |
TwentyFirst Ave | 3 Bedrooms 1 Bathroom | 3BR,1BA | $1.46 |
Civic Square Apartments | Two Bedroom - 977 Sq. Ft. | 2BR,2BA | $1.52 |
Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.61 |
The Vista at South Broadway | Cyrus | 1BR,1BA | $1.98 |
EastGate Apartments | A1-70 | 1BR,1BA | $1.89 |
Meadow Park Apartments | Modern One Bedroom | 1BR,1BA | $1.73 |
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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.

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.

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.

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.

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.