Cheap Apartments for Rent in Austin, MN from $500 (41 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 707 8th Ave SE

707 8th Ave SE

AustinMN55912
close
View Me
909 E Vine St
1 Bedroom Apartments

909 E Vine St

909 Vine St EOwatonna, MN 55060
property at 121 Main St S

121 Main St S

Grand MeadowMN55936
Showing Results 1-41, Page 1 of 1

Austin, MN Local Guide

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, MN is a 1 Bed unit found at CityView Apartments priced from $735. Skye Lofts Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $790. Here is today’s list of the most affordable Austin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CityView Apartments1 bedroom1BR,1BA$735
Skye Lofts Apartments1 Bedroom Unit1BR,1BA$790
Parkview PlaceParkview 1 bed1BR,1BA$900
Northern Place Apartments1 Bed, 1 bath1BR,1BA$925
Lincoln Apartments LLCApt. 251BR,1BA$960
Webster ApartmentsApt. 102BR,1BA$1,075
Lakeview Apartments750 1 bed1BR,1BA$1,195
Coopers CourtTwo Bedroom A2BR,1BA$1,295
SoRoc On MaineAborgienStudio,1BA$1,310

Best Value Apartments for Rent in Austin, MN

As of April 13, 2025 the best value apartment in the Austin area is the $1.28 price per square foot Two Bedroom Two Bath Model at Kodiak Apartments in the starting from $1,360. The second greatest value Austin apartment is the 2B 999 sq.ft. Model at Park Plaza Apartments starting at $1,400 with a $1.40 price per square foot in the Downtown Owatonna neighborhood. Here is today’s list of the best values for Austin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Kodiak ApartmentsTwo Bedroom Two Bath2BR,2BA$1.28
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1.40
The Pearl1 Bedroom 1 Bath and Den1BR,1BA$1.59
Lincoln Apartments LLCApt. 172BR,1BA$1.36
Stove Haven ApartmentsOne Bed One Bath1BR,1BA$1.67
Webster ApartmentsApt. 102BR,1BA$1.36
CityView Apartments1 bedroom1BR,1BA$0.98
304 1st Ave NW, Unit 101304 1st Ave NW1BR,1BA$1.19
Northern Place Apartments1 Bed, 1 bath1BR,1BA$1.41
Parkview PlaceParkview 307 1 Bed1BR,1BA$1.58

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Austin, MN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Austin, MN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Austin, MN

View MapAustin, MN Apartments MapView MapAustin, MN Rental Homes Map

Getting Around Austin, MN

Walk Score®

43 / 100

Car-Dependent

Most errands require a car

Bike Score®

59 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Austin Apartments

What is the Cheapest Studio apartment in Austin?

Currently the most affordable Cheap Studio Apartment in Austin is at Skye Lofts Apartments listed at $800.

How much is rent for a Cheap One Bedroom Austin Apartment?

The lowest price for a Cheap One Bedroom Austin Apartment is $735 at CityView Apartments.

What is the lowest price for a Cheap Two Bedroom Austin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Austin is starting from $800 at Skye Lofts Apartments.

What is the most affordable Austin Three Bedroom Apartment?

The best deal on a cheap Austin Three Bedroom Apartment rental is at Northern Place Apartments and starts from $1,125.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.