Cheap Apartments for Rent in Racine, MN from $700 (33 Rentals)

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

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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property at 121 Main St S

121 Main St S

Grand MeadowMN55936

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Lofts at Mayo Park
1 to 2 Bedroom Apartments

Lofts at Mayo Park

123 6th Ave SERochester, MN 55904
  • Utilities Included

Racine, MN Local Guide

Cheapest Available Racine Apartments for Rent and Nearby

 

The cheapest available apartment rental in Racine, MN is a Studio unit found at DM Communities - Rochester in the Meadow Park neighborhood priced from $745. Hillside Apartments in the Meadow Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $870. Here is today’s list of the most affordable Racine apartments for rent:

Apartment ListingModel NameBed/BathPriced From
DM Communities - Rochester219 StudiosStudio,1BA$745
Hillside ApartmentsStudioStudio,1BA$870
Meadow Park ApartmentsOne Bedroom1BR,1BA$900
The Colby1bd/1ba1BR,1BA$995
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1,075
EastGate ApartmentsA1-501BR,1BA$1,096
The Manor at Med City1 Bedroom - Deluxe1BR,1BA$1,225
The HUEAzureStudio,1BA$1,295
The RosewaterSedge1BR,1BA$1,362
Eastwood RidgeOsprey1BR,1BA$1,388

Best Value Apartments for Rent in Racine, MN and Nearby

As of May 14, 2025 the best value apartment in the Racine area is the $1.57 price per square foot 2 Bed, 2.5 Bath, Plus Den Model at Falcon Heights Townhomes in the in the East Rochester neighborhood starting from $2,200. The second greatest value Racine apartment is the Hayes Model at The Vista at South Broadway starting at $1,746 with a $1.47 price per square foot in the Forest Knoll Heritage neighborhood. Here is today’s list of the best values for Racine apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Falcon Heights Townhomes2 Bed, 2.5 Bath, Plus Den2BR,2.5BA$1.57
The Vista at South BroadwayHayes2BR,2BA$1.47
Homestead Village Townhomes3 Bedroom 2 Bathroom3BR,2BA$1.38
Cottage Grove at St. Mary's TownhomesLive Oak2BR,1BA$1.89
318 Commons2BR/1.0BA2BR,1BA$1.87
EastGate ApartmentsA1-701BR,1BA$1.89
Hillside ApartmentsTwo Bedroom/Two Bath2BR,2BA$1.94
DM Communities - Rochester219 StudiosStudio ,1BA$1.24
The Colby1bd/1ba1BR,1BA$1.66
Meadow Park ApartmentsOne Bedroom1BR,1BA$1.56

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

Explore Racine, MN Rentals by Map

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Getting Around Racine, MN

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

25 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Racine Apartments

What is the Cheapest Studio apartment in Racine?

Currently the most affordable Cheap Studio Apartment in Racine is at DM Communities - Rochester listed at $745.

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

The lowest price for a Cheap One Bedroom Racine Apartment is $900 at Meadow Park Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Racine is starting from $1,000 at Meadow Park Apartments.

What is the most affordable Racine Three Bedroom Apartment?

The best deal on a cheap Racine Three Bedroom Apartment rental is at Meadow Park Apartments and starts from $1,200.

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.

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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.