Cheap Homes for Rent in Racine, MN from $1,000 (9 Rentals)

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

property at 121 Main St S

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

Studio, 1 Bath Condo for Rent

Available Now

121 Main St S

Grand MeadowMN55936
property at 28 6th Ave SE

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Townhome for Rent

Available May 11

28 6th Ave SE

RochesterMN55904
property at 20 Mayo Park Dr SE

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Home for Rent

Available May 1

20 Mayo Park Dr SE

RochesterMN55904
property at 2094 11th Ave SE

$1,350

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Jun 2

2094 11th 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.

property at 725 7th St NW

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

725 7th St NW

RochesterMN55901
property at 1732 2nd Ave SE

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

2 Bedroom, 1 Bath Home for Rent

Available May 1

1732 2nd Ave SE

RochesterMN55904
property at 524 10th St SE

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475

Total Monthly Price
$1,475

2 Bedroom, 1 Bath Home for Rent

Available Now

524 10th St SE

RochesterMN55904
property at 1821 Daniel Ln NE

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

2 Bedroom, 1.5 Bath Home for Rent

Available Now

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.

Racine, MN Local Guide

Cheapest Available Racine Apartments for Rent and Nearby

 

The cheapest available apartment rental in Racine, MN is a 1 Bed unit found at 105 Main St S priced from $675. Hillside Apartments in the Meadow Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Racine apartments for rent:

Apartment ListingModel NameBed/BathPriced From
105 Main St S1-bedroom1BR,1BA$675
Hillside ApartmentsStudioStudio,1BA$900
Meadow Park ApartmentsModern Two Bedroom2BR,1BA$920

Best Value Apartments for Rent in Racine, MN and Nearby

As of April 25, 2026 the best value apartment in the Racine area is the $1.66 price per square foot 2 Bed, 2.5 Bath Model at Falcon Heights Townhomes in the in the East Rochester neighborhood starting from $1,970. The second greatest value Racine apartment is the Swan Model at Eastwood Ridge starting at $1,891 with a $1.75 price per square foot in the Meadow Park neighborhood. Here is today’s list of the best values for Racine apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Falcon Heights Townhomes2 Bed, 2.5 Bath2BR,2.5BA$1.66
Eastwood RidgeSwan2BR,2BA$1.75
Metropolitan Market Place2 Beds, 2 baths2BR,2BA$1.91
Red44 Luxury Apartments | Specials AvailableOrbit1BR,1BA$1.91
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.36
Lobb Field ApartmentsA2BR,1BA$1.42
The IdaUnfurnished 1B1B1BR,1BA$1.85
DM Communities - Rochester620-3071BR,1BA$1.66
Hillside ApartmentsStudioStudio ,1BA$1.90
105 Main St S1-bedroom1BR,1BA$1.93

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.

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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.

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The 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.

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Cash 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.

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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.

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

Explore Racine, MN Rentals by Map

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Frequently Asked Questions about Racine

What type of rentals are currently available in Racine?

There are currently 43 Apartments for Rent in Racine, MN with pricing that ranges from $850 to $5,388. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Racine ranging from $1,000 to $4,800.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Racine ranges from $1,000 to $4,800 with an average monthly rent of $1,781.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Racine range from $1,020 to $5,388, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,050 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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.