Cheap Apartments for Rent in Red Wing, MN from $400 (56 Rentals)

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Search the lowest-cost Apartments available for rent right now in Red Wing.

property at 703 W 5th St

$845

Total Monthly Price

Total Monthly Price

Base Rent
$845
Total Monthly Price
$845

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

703 W 5th St

Red WingMN55066
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The Bank
$1,185 - $2,645
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,130 - $2,590
Required Monthly Fees
$55
Total Monthly Price
$1,185 - $2,645
1 to 2 Bedroom Apartments Available Now

The Bank

222 Bush StRed Wing, MN 55066
Furnished
  • Verified
  • Utilities Included
  • Smoke Free
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The Downtown Plaza
$1,306 - $3,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,169 - $2,863
Required Monthly Fees
$137
Total Monthly Price
$1,306 - $3,000
1 to 2 Bedroom Apartments Contact Us For Availability

The Downtown Plaza

434 W 4th StRed Wing, MN 55066
Senior Living
  • Verified
  • Utilities Included
  • 3D Tour

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Avanti
$1,355 - $1,860
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,800
Required Monthly Fees
$60
Total Monthly Price
$1,355 - $1,860
Studio to 1 Bedroom Apartments Available Now

Avanti

314 W 4th StRed Wing, MN 55066
Furnished
  • Verified
  • Smoke Free
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Trailside Acres 1
1 to 3 Bedroom Apartments

Trailside Acres 1

211-215 Sargent DrRed Wing, MN 55066
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Malmquist Estates
1 to 3 Bedroom Apartments

Malmquist Estates

2622 Malmquist AveRed Wing, MN 55066
  • Utilities Included
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Eagle Ridge Apartments
2 to 3 Bedroom Apartments

Eagle Ridge Apartments

582 Tyler Rd SRed Wing, MN 55066
  • Utilities Included
property at 260 Frenn Ave

$1,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

3 Bedroom, 2 Bath Townhome for Rent

Available Now

260 Frenn Ave

Red WingMN55066

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Lake Isabel Flats
$1,355 - $2,256
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,320 - $2,221
Required Monthly Fees
$35
Total Monthly Price
$1,355 - $2,256
Studio to 2 Bedroom Apartments Available Sep 4

Lake Isabel Flats

412 3rd St EHastings, MN 55033
Luxury
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Crossing Meadows
1 to 2 Bedroom Apartments

Crossing Meadows

739-819 Lucas LnEllsworth, WI 54011
Senior Living
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River Place Apartments
Studio to 3 Bedroom Apartments

River Place Apartments

1431 Wildcat CtRiver Falls, WI 54022
Student Housing
  • Utilities Included
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Stonehouse Apartments
1 to 2 Bedroom Apartments

Stonehouse Apartments

115 Minnesota St WCannon Falls, MN 55009
  • Utilities Included
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Vermillion Shores II
1 to 2 Bedroom Apartments

Vermillion Shores II

950 31st St WHastings, MN 55033
  • Utilities Included

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.

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Red Wing, MN Local Guide

Cheapest Neighborhoods for Apartments in Red Wing, MN

Pricing Updated: 07/27/2026

Current apartment rentals in the Red Wing, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Red Wing Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Red Wing$1,610$1,10011
Wacouta$1,610$1,10011

Cheapest Available Red Wing Apartments for Rent and Nearby

 

The cheapest available apartment rental in Red Wing, MN is a 1 Bed unit found at Meadowlark Eco Apartments in the Pierce Far Eastern Suburbs neighborhood priced from $745. River City Apartments in the Downtown River Falls neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,120. Here is today’s list of the most affordable Red Wing apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadowlark Eco Apartments1 Bedroom1BR,1BA$745
River City ApartmentsTwo Bedroom2BR,1BA$1,120
Pleasant Ridge ApartmentsTwo Bed2BR,2BA$1,120
Riverside Apartments2BR Apartment2BR,1BA$1,135
The Bank1 Bedroom1BR,1BA$1,185
Hidden Valley ApartmentsTwo Bedroom/One Bath2BR,1BA$1,200
551 18th St E2 bedroom2BR,1BA$1,295
Boxrud FlatsOne Bedroom1BR,1BA$1,315
Current 33Harbor (A1)Studio,1BA$1,330
City StationOne bedroom CityOne1BR,1BA$1,395

Best Value Apartments for Rent in Red Wing, MN and Nearby

As of July 27, 2026 the best value apartment in the Red Wing area is the $1.34 price per square foot 5 Bedroom Model at 1063 E. Cascade Ave- Next to UWRF and CVTC in the in the Downtown River Falls neighborhood starting from $2,095. The second greatest value Red Wing apartment is the 2 Bedroom Model at 1300 Main Residences starting at $1,399 with a $1.31 price per square foot in the Downtown River Falls neighborhood. Here is today’s list of the best values for Red Wing apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1063 E. Cascade Ave- Next to UWRF and CVTC5 Bedroom5BR,2BA$1.34
1300 Main Residences2 Bedroom2BR,1BA$1.31
Park Place ApartmentsB2BR,2BA$1.57
Pleasant Ridge ApartmentsTwo Bed2BR,2BA$1.23
551 18th St E2 bedroom2BR,1BA$1.44
Hidden Valley ApartmentsTwo Bedroom/One Bath2BR,1BA$1.37
AvantiOne Bedroom A11BR,1BA$1.72
Meadowlark Eco Apartments1 Bedroom1BR,1BA$1.05
River City ApartmentsTwo Bedroom2BR,1BA$1.60
Riverside Apartments1BR Apartment1BR,1BA$1.78

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Red Wing, MN

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

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Frequently Asked Questions about Cheap Red Wing Apartments

How much is rent for a Cheap One Bedroom Red Wing Apartment?

The lowest price for a Cheap One Bedroom Red Wing Apartment is $745 at Meadowlark Eco Apartments.

What is the lowest price for a Cheap Two Bedroom Red Wing Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Red Wing is starting from $1,120 at River City Apartments.

What is the most affordable Red Wing Three Bedroom Apartment?

The best deal on a cheap Red Wing Three Bedroom Apartment rental is at Meadowlark Eco Apartments and starts from $1,032.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.