Cheap Apartments for Rent in the Downtown Red Wing Neighborhood of Red Wing, MN from $800 (11 Rentals)

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

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316 W 7th St
1 Bedroom Apartments

316 W 7th St

316 W 7th StRed Wing, MN 55066
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125 E 4th St
1 Bedroom Apartments

125 E 4th St

125 E 4th StRed Wing, MN 55066

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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Jordan Towers
Studio to 2 Bedroom Apartments

Jordan Towers

433 W 4th StRed Wing, MN 55066
Senior Living
  • Utilities Included
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Maple Hills
1 to 3 Bedroom Apartments

Maple Hills

521 Maple StRed 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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Trailside Acres 2
1 to 3 Bedroom Apartments

Trailside Acres 2

219-223 Sargent DrRed Wing, MN 55066
  • Utilities Included

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.

Downtown Red Wing, Red Wing, MN Local Guide

Cheapest Available Downtown Red Wing Apartments for Rent

 

The cheapest available apartment rental in the Downtown Red Wing area of Red Wing, MN is a Studio unit found at Park Place Plaza priced from $1,055. Trailside Acres 1 has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,071. Here are the most affordable Downtown Red Wing apartments for rent in Red Wing, MN:

Apartment ListingModel NameBed/BathPriced From
Park Place PlazaA2Studio,1BA$1,055
Trailside Acres 12 Beds, 1 bath2BR,1BA$1,071
The Bank1 Bedroom1BR,1BA$1,290
AvantiOne Bedroom A11BR,1BA$1,359
Park Place ApartmentsE1BR,1BA$1,375

Best Value Apartments for Rent in Downtown Red Wing, MN

As of March 12, 2026 the best value apartment in the Downtown Red Wing area is the $1.55 price per square foot 427 Jefferson St Model at 427 Jefferson St, Unit 1 in the in the Harliss neighborhood starting from $1,550. The second greatest value Downtown Red Wing apartment is the 1014 Bush St Model at 1014 Bush St, Unit #2 starting at $1,314 with a $1.31 price per square foot in the Harliss neighborhood. Here is today’s list of the best values for Downtown Red Wing apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
427 Jefferson St, Unit 1427 Jefferson St3BR,1BA$1.55
1014 Bush St, Unit #21014 Bush St2BR,1BA$1.31
Boxrud FlatsTwo Bedroom2BR,2BA$1.94
Park Place ApartmentsE1BR,1BA$1.74
Trailside Acres 12 Beds, 1 bath2BR,1BA$1.48
1806 Bush St, Unit 1808 half1806 Bush St2BR,1BA$1.69
729 W 3rd St, Unit Aptc729 W 3rd St1BR,1BA$1.58
The Bank1 Bedroom1BR,1BA$2.26
AvantiOne Bedroom A11BR,1BA$2.62
Park Place PlazaA2Studio ,1BA$2.10

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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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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Pet Friendly Lifestyle
Downtown Red Wing, Red Wing, MN

Ranked #1

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Red Wing Apartments

What is the price of a cheap apartment in Downtown Red Wing?

The cheapest apartment in Downtown Red Wing is Park Place Plaza which is listed at $1,245, while the average apartment in Downtown Red Wing costs $1,665.

What types of apartments are the cheapest in Downtown Red Wing?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Downtown Red Wing that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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 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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.