Cheap Apartments for Rent in Red Wing, MN from $400 (55 Rentals)

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

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Avanti
$1,085 - $1,710
Total Monthly Price

Total Monthly Price

Base Rent
$1,025 - $1,650
Required Monthly Fees
$60
Total Monthly Price
$1,085 - $1,710
Studio to 1 Bedroom Apartments Available Now

Avanti

314 W 4th 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

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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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

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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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.

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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 May 6

Lake Isabel Flats

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

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.

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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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Crossing Meadows
1 to 2 Bedroom Apartments

Crossing Meadows

739-819 Lucas LnEllsworth, WI 54011
Senior Living
  • 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

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.

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Red Wing, MN Local Guide

Cheapest Neighborhoods for Apartments in Red Wing, MN

Pricing Updated: 04/27/2026

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$1,800$1,02524
Wacouta$1,800$1,02524

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 ListingModel NameBed/BathPriced From
Trailside Acres 11 Bed, 1 bath1BR,1BA$631
Malmquist Estates1 Bed, 1 bath1BR,1BA$882
Boxrud FlatsAll Floorplans1BR,1BA$1,025
Riverside ApartmentsStudioStudio,1BA$1,026
Park Place PlazaA2Studio,1BA$1,055
AvantiStudio AStudio,1BA$1,085
Cannonball ApartmentsA3Studio,1BA$1,160
The Bank1 Bedroom1BR,1BA$1,290
551 18th St E2 bedroom2BR,1BA$1,295
Town Center ApartmentsB21BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1063 E. Cascade Ave- Next to UWRF and CVTC5 Bedroom5BR,2BA$1.34
520 Centennial St, Unit 1520 Centennial St3BR,1.5BA$1.38
Park Place ApartmentsB - View2BR,2BA$1.49
Voyageur Estates2 Bedroom 1 Bathroom2BR,1BA$1.80
551 18th St E2 bedroom2BR,1BA$1.44
The CurrentMeadow Lake (1b/1b)- 1st Floor & Premium Tier1BR,1BA$1.94
Town Center ApartmentsB21BR,1BA$1.76
Trailside Acres 12 Beds, 1 bath2BR,1BA$1.48
City StationOne bedroom CityOne1BR,1BA$1.99
Malmquist Estates1 Bed, 1 bath1BR,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.

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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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Red Wing, MN

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Remember the 3 Rules of Real Estate:
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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

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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.

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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.