Cheap Apartments for Rent in Austin, MN from $600 (45 Rentals)

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

property at 1105 3rd St NW

1105 3rd St NW

AustinMN55912
property at 1111 4th St NW

1111 4th St NW

AustinMN55912

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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1200 2nd Dr NE
3 Bedroom Apartments

1200 2nd Dr NE

1200 2nd Dr NEAustin, MN 55912
  • Utilities Included

Navigating 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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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
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Austin, MN Local Guide

Cheapest Available Austin Apartments for Rent

 

The cheapest available apartment rental in Austin, MN is a Studio unit found at CityView Apartments priced from $625. 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 ApartmentsStudioStudio,1BA$625
Skye Lofts Apartments1 Bedroom Unit1BR,1BA$790
Northern Place Apartments2 Beds, 1 bath2BR,1BA$875
Parkview PlaceParkview 1 bed1BR,1BA$900
VALLEY VIEW ESTATES3 Bedroom 1.5 Bathroom3BR,1BA$930
Lincoln Apartments LLCApt. 251BR,1BA$960
Webster ApartmentsApt. 102BR,1BA$1,075
Lakeview Apartments750 1 bed1BR,1BA$1,195
The Pointe @ Merchant Square1BR/1.0BA1BR,1BA$1,255

Best Value Apartments for Rent in Austin, MN

As of May 17, 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
VALLEY VIEW ESTATES2 Bedroom 1 Bathroom2BR,1BA$1.36
The Pearl1 Bedroom 1 Bath and Den1BR,1BA$1.53
Lincoln Apartments LLCApt. 172BR,1BA$1.36
Webster ApartmentsApt. 102BR,1BA$1.36
304 1st Ave NW, Unit 101304 1st Ave NW1BR,1BA$1.19
Northern Place Apartments1 Bed, 1 bath1BR,1BA$1.41
Parkview PlaceParkview 1 bed1BR,1BA$1.50
CityView ApartmentsStudioStudio ,1BA$1.56

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Best Local Schools in
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School data provided by Great Schools

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Explore Austin, MN Rentals by Map

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See the most popular apartments and homes in Austin, MN

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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 CityView Apartments listed at $625.

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 VALLEY VIEW ESTATES and starts from $930.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.