
Cheap Apartments for Rent in Red Wing, MN from $400 (55 Rentals)
Search the lowest-cost Apartments available for rent right now in Red Wing.


Park Place Apartments

Park Place Plaza

Total Monthly Price
Avanti

Total Monthly Price
455 9th St, Unit Upper, Unit Upper

The Bank

Total Monthly Price
The Downtown Plaza

205 Plum St, Unit 4

205 Plum St, Unit 2

205 Plum St, Unit 5
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.

Total Monthly Price
520 Centennial St, Unit 1, Unit 1

Trailside Acres 1

Malmquist Estates

Pleasant Ridge Apartments

Eagle Ridge Apartments

Pheasant Run Townhomes

Falls Apartments

Cottages of Ellsworth

Eagle Rock Apartments

Timber Ridge Apartments
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.

Glen Park Apartments

Westview Village Apartments

Riverside Apartments

Cannonball Apartments

River City Apartments

The Quill 55+ Apartments

Voyageur Estates

Hidden Valley Apartments

The Upland

551 18th St E
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.

Town Center Apartments

University Falls Apartments

Current 33

Total Monthly Price
Lake Isabel Flats

City Station

Pine Meadows

The Current

Lake George Lofts

The Aberdeen

1300 Main Residences
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.

Peregrine Terrace

111 1/2 N Main St

River Ridge Apartments

River Place Apartments

Stonehouse Apartments

Crossing Meadows

Vermillion Shores II

1950 Pika Tr

519 State St

1902 Aster
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Red Wing, MN Local Guide

How much does it cost to rent an apartment in Red Wing?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Red Wing Studio Apartments | $1,170 | $1,030 | $1,710 |
| Red Wing 1 Bedroom Apartments | $1,472 | $950 | $2,095 |
| Red Wing 2 Bedroom Apartments | $1,652 | $940 | $3,000 |
| Red Wing 3 Bedroom Apartments | $1,866 | $1,539 | $2,250 |
| Red Wing 4 Bedroom Apartments | $2,192 | $2,000 | $2,240 |
Browse Top Apartments in Red Wing
See all Apartments in Red WingExplore Red Wing
Red Wing, MN Local Guide
- Red Wing Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Red Wing, MN
Pricing Updated: 04/27/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Red Wing | $1,800 | $1,025 | 24 |
| Wacouta | $1,800 | $1,025 | 24 |
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 Trailside Acres 1 in the Harliss neighborhood priced from $631. Malmquist Estates in the Harliss neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $882. Here is today’s list of the most affordable Red Wing apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trailside Acres 1 | 1 Bed, 1 bath | 1BR,1BA | $631 |
| Malmquist Estates | 1 Bed, 1 bath | 1BR,1BA | $882 |
| Boxrud Flats | All Floorplans | 1BR,1BA | $1,025 |
| Riverside Apartments | Studio | Studio,1BA | $1,026 |
| Park Place Plaza | A2 | Studio,1BA | $1,055 |
| Avanti | Studio A | Studio,1BA | $1,085 |
| Cannonball Apartments | A3 | Studio,1BA | $1,160 |
| The Bank | 1 Bedroom | 1BR,1BA | $1,290 |
| 551 18th St E | 2 bedroom | 2BR,1BA | $1,295 |
| Town Center Apartments | B2 | 1BR,1BA | $1,325 |
Best Value Apartments for Rent in Red Wing, MN and Nearby
As of April 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 520 Centennial St Model at 520 Centennial St, Unit 1 starting at $1,800 with a $1.38 price per square foot in the Harliss neighborhood. Here is today’s list of the best values for Red Wing apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1063 E. Cascade Ave- Next to UWRF and CVTC | 5 Bedroom | 5BR,2BA | $1.34 |
| 520 Centennial St, Unit 1 | 520 Centennial St | 3BR,1.5BA | $1.38 |
| Park Place Apartments | B - View | 2BR,2BA | $1.49 |
| Voyageur Estates | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.80 |
| 551 18th St E | 2 bedroom | 2BR,1BA | $1.44 |
| The Current | Meadow Lake (1b/1b)- 1st Floor & Premium Tier | 1BR,1BA | $1.94 |
| Town Center Apartments | B2 | 1BR,1BA | $1.76 |
| Trailside Acres 1 | 2 Beds, 1 bath | 2BR,1BA | $1.48 |
| City Station | One bedroom CityOne | 1BR,1BA | $1.99 |
| Malmquist Estates | 1 Bed, 1 bath | 1BR,1BA | $1.53 |
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.
Best Local Schools in Red Wing, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Red Wing, MN Rentals by Map
See the most popular apartments and homes in Red Wing, MN
Frequently Asked Questions about Cheap Red Wing Apartments
What is the Cheapest Studio apartment in Red Wing?
Currently the most affordable Cheap Studio Apartment in Red Wing is at Riverside Apartments listed at $1,026.
How much is rent for a Cheap One Bedroom Red Wing Apartment?
The lowest price for a Cheap One Bedroom Red Wing Apartment is $631 at Trailside Acres 1.
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 $985 at Malmquist Estates.
What is the most affordable Red Wing Three Bedroom Apartment?
The best deal on a cheap Red Wing Three Bedroom Apartment rental is at Malmquist Estates and starts from $1,090.
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

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.

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.