Cheap Homes for Rent in Racine, MN from $1,000 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

property at 121 Main St S

121 Main St S

Grand MeadowMN55936

Racine, MN Local Guide

Cheapest Available Racine Apartments for Rent and Nearby

 

The cheapest available apartment rental in Racine, MN is a 1 Bed unit found at DM Communities - Rochester in the Meadow Park neighborhood priced from $845. Meadow Park Apartments in the Meadow Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable Racine apartments for rent:

Apartment ListingModel NameBed/BathPriced From
DM Communities - Rochester2nd Street Villas Apartment1BR,1BA$845
Meadow Park ApartmentsOne Bedroom1BR,1BA$900
The Colby1bd/1ba1BR,1BA$995

Best Value Apartments for Rent in Racine, MN and Nearby

As of April 15, 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 Live Oak Model at Cottage Grove at St. Mary's Townhomes starting at $1,989 with a $1.89 price per square foot in the Meadow Park 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
Cottage Grove at St. Mary's TownhomesLive Oak2BR,1BA$1.89
TwentyFirst Ave2 Bedroom 1 Bathroom2BR,1BA$1.40
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.30
318 Commons2BR/1.0BA2BR,1BA$1.94
DM Communities - Rochester2nd Street Villas Apartment1BR,1BA$1.13
EastGate ApartmentsA1-701BR,1BA$1.89
Hillside ApartmentsOne Bedroom/One Bath1BR,1BA$1.69
The Colby1bd/1ba1BR,1BA$1.66
Meadow Park ApartmentsOne Bedroom1BR,1BA$1.56

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

Frequently Asked Questions about Racine

What type of rentals are currently available in Racine?

There are currently 35 Apartments for Rent in Racine, MN with pricing that ranges from $775 to $7,693. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Racine ranging from $1,000 to $3,875.

What is the current price range for Rental Homes in Racine?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Racine ranges from $1,000 to $3,875 with an average monthly rent of $2,061.

How much are larger Three and Four Bedroom Rentals in Racine?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Racine range from $1,200 to $7,665, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,950.

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 Know Your Rights - How Discrimination Laws Impact Landlords & Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.