
Cheap Homes for Rent in Red Wing, MN from $550 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Red Wing.


518.5 E Walnut St

559-599 N Maple St

10661 Heron Ave S
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.

210 N Fremont St

288 Court St S

521 State St

720 10th St SW
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.

118 6th St W
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 | $1,398 | $985 | $2,099 |
| Red Wing 3 Bedroom Homes for Rent | $2,506 | $1,890 | $3,990 |
| Red Wing 4 Bedroom Homes for Rent | $3,711 | $2,595 | $4,600 |
| Red Wing 5 Bedroom Homes for Rent | $3,775 | $3,250 | $4,300 |
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Red Wing, MN Local Guide
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Cheapest Neighborhoods for Apartments in Red Wing, MN
Pricing Updated: 09/13/2026Current apartment rentals in the Red Wing, MN area range in price from $882 to $3,000 with an overall median price of $1,527. 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 | $1,527 | $882 | 11 |
| Wacouta | $1,527 | $882 | 11 |
Cheapest Available Red Wing Apartments for Rent and Nearby
 The cheapest available apartment rental in Red Wing, MN is a 2 Beds unit found at Malmquist Estates in the Harliss neighborhood priced from $985. Pleasant Ridge Apartments in the Harliss 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Malmquist Estates | 2 Beds, 1 bath | 2BR,1BA | $985 |
| Pleasant Ridge Apartments | Two Bed | 2BR,2BA | $1,120 |
| River City Apartments | Two Bedroom | 2BR,1BA | $1,120 |
Best Value Apartments for Rent in Red Wing, MN and Nearby
As of September 13, 2026 the best value apartment in the Red Wing area is the $1.29 price per square foot C10 Model at Park Place Plaza in the in the Harliss neighborhood starting from $2,285. The second greatest value Red Wing apartment is the 5 Bedroom Model at 1063 E. Cascade Ave- Next to UWRF and CVTC starting at $1,995 with a $1.27 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. |
|---|---|---|---|
| Park Place Plaza | C10 | 2BR,2BA | $1.29 |
| 1063 E. Cascade Ave- Next to UWRF and CVTC | 5 Bedroom | 5BR,2BA | $1.27 |
| University Falls Apartments | 4 Bedroom | 4BR,2BA | $1.40 |
| Bridge Run Townhomes | Three Bedroom | 3BR,2BA | $1.10 |
| Milltown Residences | 2 Bedroom | 1.5 Bath | 2BR,1.5BA | $1.38 |
| Park Place Apartments | B - View | 2BR,2BA | $1.49 |
| Pleasant Ridge Apartments | Two Bed | 2BR,2BA | $1.23 |
| Hidden Valley Apartments | Two Bedroom/One Bath | 2BR,1BA | $1.37 |
| Malmquist Estates | 2 Beds, 1 bath | 2BR,1BA | $1.36 |
| River City Apartments | Two Bedroom | 2BR,1BA | $1.60 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Red Wing, MN
Frequently Asked Questions about Red Wing
What type of rentals are currently available in Red Wing?
There are currently 58 Apartments for Rent in Red Wing, MN with pricing that ranges from $410 to $3,000. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Red Wing ranging from $550 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 $550 to $4,600 with an average monthly rent of $2,448.
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 $1,090 to $2,230, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,890 to $3,990. Four Bedroom Single-Family rentals are also available starting from $2,595 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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.