Cheap Apartments for Rent in Austin, MN
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SPECIAL OFFERPET FRIENDLYTotal price$1,239 - $2,279/mo
Studio-2 Beds
1-2 BathsMill on Main I & II | 704 1st Dr NW,
Austin, MN 55912
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Average Rent Trends in Austin, MN
Rent in Austin, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $988 |
| Nov 2025 | $995 |
| Dec 2025 | $900 |
| Jan 2026 | $975 |
| Feb 2026 | $995 |
| Mar 2026 | $975 |
| Apr 2026 | $1,000 |
| May 2026 | $1,000 |
| Jun 2026 | $1,000 |
| Jul 2026 | $1,092 |
| Aug 2026 | $1,150 |
| Sep 2026 | $1,117 |
Average Rent By Bedroom and Home Type
In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $895 | $1,004 | $1,450 | $1,450 | $1,117 |
| Townhomes | — | $1,150 | $1,295 | — | $1,150 |
| Apartments and Condos | $885 | $950 | $1,095 | — | $950 |
| Houses | $999 | $1,195 | $1,475 | $1,450 | $1,450 |
Frequently Asked Questions about Rentals in Austin, MN
- What is the average rent of an apartment in Austin, MN?The average rent of an apartment in Austin, MN is $1,059 per month. This is about 46% lower than the national average.
- What are the cheapest months to find an apartment to rent in Austin, MN?Last year, the cheapest month to find an apartment to rent was May 2025 when it was $825 per month.
- How many cheap apartments are available in Austin, MN?There are 31 apartments to rent that are cheaper than the city’s average rent of $1,117.
- When is the average rent most expensive in Austin, MN?In the last year, the average rent in Austin, MN was highest in Sep 2025 when it was $995 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Austin, MN?The average rent of a 1 bedroom apartment in Austin, MN is $895 per month. That is about $95 more than the cost of a studio apartment.
- What are some zip codes in Austin, MN?
- What are some cities near Austin, MN?Some nearby cities include: Mapleview, Lansing, Lyle, Myrtle, Rose Creek. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Austin, MN - 153 Rentas | Trulia