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

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

property at 413 Main St N

413 Main St N

Grand MeadowMN55936
property at 121 Main St S

121 Main St S

Grand MeadowMN55936
property at 111 8th Ave SE

111 8th Ave SE

RochesterMN55904

Don'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.

property at 1107 5th Ave NW

1107 5th Ave NW

RochesterMN55901
property at 491 Pointe Ct SW

491 Pointe Ct SW

RochesterMN55902
property at 1821 Daniel Ln NE

1821 Daniel Ln NE

StewartvilleMN55976

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.

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 Eastwood Manors in the Meadow Park neighborhood priced from $775. Meadow Park Apartments in the Meadow Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Preston apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eastwood Manors1BR/1.0BA1BR,1BA$775
Meadow Park ApartmentsClassic One Bedroom1BR,1BA$850
105 Main St S2-bedroom2BR,1BA$900

Best Value Apartments for Rent in Preston, MN and Nearby

As of October 16, 2025 the best value apartment in the Preston area is the $1.12 price per square foot 4 Beds, 2 baths Model at 1420 3rd Ave SW in the in the Meadow Park neighborhood starting from $2,350. The second greatest value Preston apartment is the 2BR Model at Broadway Plaza - Mayo Clinic starting at $1,700 with a $1.07 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.
1420 3rd Ave SW4 Beds, 2 baths4BR,2BA$1.12
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
Falcon Heights Townhomes2 Bed, 2.5 Bath2BR,2.5BA$1.66
Country Valley16x723BR,2BA$0.86
Avani LivingTwo Bedroom A2BR,2BA$1.53
Preserve on MaineArcadia2BR,2BA$1.71
TwentyFirst Ave2 Bedroom 1 Bathroom2BR,1BA$1.49
FLATS 551 BED 1 BATH1BR,1BA$1.68
Eastwood Manors1BR/1.0BA1BR,1BA$1.11
105 Main St S2-bedroom2BR,1BA$1.29

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

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Frequently Asked Questions about Preston

What type of rentals are currently available in Preston?

There are currently 44 Apartments for Rent in Preston, MN with pricing that ranges from $775 to $3,700. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preston ranging from $950 to $3,350.

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 $3,350 with an average monthly rent of $1,754.

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 $3,660, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,529 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,850 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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.