
Cheap Homes for Rent in Red Wing, MN from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Red Wing.


533 W Kinne St

518.5 E Walnut St

602 Hodgman St
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.

710 W 4th St

138 Sargent Dr

1950 Pika Tr

720 10th St SW
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.
Red Wing, MN Local Guide

How much does it cost to rent a home in Red Wing?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Red Wing 2 Bedroom Homes for Rent | $1,425 | $1,100 | $1,700 |
| Red Wing 3 Bedroom Homes for Rent | $2,316 | $900 | $3,600 |
| Red Wing 4 Bedroom Homes for Rent | $3,279 | $2,200 | $4,600 |
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Red Wing, MN Local Guide
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Cheapest Neighborhoods for Apartments in Red Wing, MN
Pricing Updated: 06/12/2026Current 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 | $1,610 | $1,029 | 19 |
| Wacouta | $1,610 | $1,029 | 19 |
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 Cottages in the Pierce Far Eastern Suburbs neighborhood priced from $699. Park Place Plaza in the Harliss neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,055. Here is today’s list of the most affordable Red Wing apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meadowlark Eco Cottages | 1 Bed, 1 bath | 1BR,1BA | $699 |
| Park Place Plaza | A2 | Studio,1BA | $1,055 |
| River City Apartments | Two Bedroom | 2BR,1BA | $1,080 |
Best Value Apartments for Rent in Red Wing, MN and Nearby
As of June 12, 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 4 Bedroom Model at University Falls Apartments starting at $2,000 with a $1.40 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1063 E. Cascade Ave- Next to UWRF and CVTC | 5 Bedroom | 5BR,2BA | $1.34 |
| University Falls Apartments | 4 Bedroom | 4BR,2BA | $1.40 |
| 2304 Bush St, Unit Upper | 2304 Bush St | 2BR,1BA | $1.29 |
| Park Place Apartments | B | 2BR,2BA | $1.57 |
| Voyageur Estates | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.80 |
| Pleasant Ridge Apartments | Two Bed | 2BR,2BA | $1.23 |
| 551 18th St E | 2 bedroom | 2BR,1BA | $1.44 |
| River City Apartments | Two Bedroom | 2BR,1BA | $1.54 |
| The Bank | 1 Bedroom | 1BR,1BA | $1.69 |
| Riverside Apartments | 1BR Apartment | 1BR,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.
Read ArticleReal 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.
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!
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Frequently Asked Questions about Red Wing
What type of rentals are currently available in Red Wing?
There are currently 57 Apartments for Rent in Red Wing, MN with pricing that ranges from $410 to $3,000. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Red Wing ranging from $900 to $4,600.
What is the current price range for Rental Homes in Red Wing?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Red Wing ranges from $900 to $4,600 with an average monthly rent of $2,340.
How much are larger Three and Four Bedroom Rentals in Red Wing?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Red Wing range from $969 to $2,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,600. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $2,240.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.