Cheap Apartments for Rent in Preston, MN from $700 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Preston.

Meadow Park Apartments

Cottages of Stewartville

Civic Square Apartments

EastGate Apartments
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.

5th on 5th Apartments

The Ida

Flats 55

The Manor at Med City

TwentyFirst Ave

The Vista at South Broadway

204 W Jefferson St
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.

1201 1st St SW

515 1/2 8th St SW

28 6th Ave SE

1207 8th Ave SE

1513 4th St NE
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.
Preston, MN Local Guide

How much does it cost to rent an apartment in Preston?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Preston Studio Apartments | $1,505 | $775 | $3,260 |
Preston 1 Bedroom Apartments | $1,716 | $775 | $4,077 |
Preston 2 Bedroom Apartments | $2,051 | $895 | $7,729 |
Preston 3 Bedroom Apartments | $2,005 | $995 | $3,376 |
Preston 4 Bedroom Apartments | $1,925 | $1,900 | $1,950 |
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Preston, MN Local Guide
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Cheapest Available Preston Apartments for Rent and Nearby
 The cheapest available apartment rental in Preston, MN is a 1 Bed unit found at Meadow Park Apartments in the Meadow Park neighborhood priced from $900. Homestead Village Townhomes in the Meadow Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,075. Here is today’s list of the most affordable Preston apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Meadow Park Apartments | One Bedroom | 1BR,1BA | $900 |
Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,075 |
Country Valley | 16x80 | 3BR,2BA | $1,095 |
EastGate Apartments | A1-60 | 1BR,1BA | $1,145 |
The Manor at Med City | 1 Bedroom - Deluxe | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Preston, MN and Nearby
As of May 14, 2025 the best value apartment in the Preston area is the $1.07 price per square foot 2BR Model at Broadway Plaza - Mayo Clinic in the in the Meadow Park neighborhood starting from $1,700. The second greatest value Preston apartment is the Zenith Model at Red44 starting at $3,350 with a $2.22 price per square foot in the Meadow Park neighborhood. Here is today’s list of the best values for Preston apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Broadway Plaza - Mayo Clinic | 2BR | 2BR,2.5BA | $1.07 |
Red44 | Zenith | 2BR,2.5BA | $2.22 |
Falcon Heights Townhomes | 2 Bed, 2.5 Bath, Plus Den | 2BR,2.5BA | $1.57 |
Country Valley | 16x80 | 3BR,2BA | $0.86 |
Homestead Village Townhomes | 3 Bedroom 2 Bathroom | 3BR,2BA | $1.38 |
TwentyFirst Ave | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.40 |
The Vista at South Broadway | Felix | 1BR,1BA | $1.92 |
The Boulders | 1A | 1BR,1BA | $2.06 |
EastGate Apartments | A1-70 | 1BR,1BA | $1.89 |
Meadow Park Apartments | One Bedroom | 1BR,1BA | $1.56 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Preston, MN Rentals by Map
See the most popular apartments and homes in Preston, MN
Getting Around Preston, MN
Walk Score®
36 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 100
Somewhat Bikeable
Minimal 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 Preston Apartments
What is the Cheapest Studio apartment in Preston?
Currently the most affordable Cheap Studio Apartment in Preston is at The HUE listed at $1,295.
How much is rent for a Cheap One Bedroom Preston Apartment?
The lowest price for a Cheap One Bedroom Preston Apartment is $900 at Meadow Park Apartments.
What is the lowest price for a Cheap Two Bedroom Preston Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Preston is starting from $1,000 at Meadow Park Apartments.
What is the most affordable Preston Three Bedroom Apartment?
The best deal on a cheap Preston Three Bedroom Apartment rental is at Country Valley and starts from $1,095.
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.

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.

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.

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.

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.