Apartments for Rent in Austin, MN

Prices and availability in Austin, MN were last updated on 14 May 2026.

The best apartments in Austin, MN are: Mill on Main I & II, 1st & 3rd Apartments, Mill on Main II, Flats on 21 and Mill on Main.

The average rent in Austin, MN is $1,209.

The price range for a studio apartment in Austin, MN is between $1,109 and $1,389.

The price range for a 1-bedroom apartment in Austin, MN is between $1,006 and $1,719.

The price range for a 2-bedroom apartment in Austin, MN is between $925 and $2,279.

The price range for a 3-bedroom apartment in Austin, MN is between $925 and $2,514.

In Austin 28% of the housing is rented out compared to 72% of homes are owned, according to the most recent Census Bureau estimates. 19% of Austin's apartments are found in large buildings of 50 units or more, 49% are located in smaller apartment complexes with less than 50 units, and 31% are single-family rentals.

The average age of rental buildings in Austin is 34 years old, with 38% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 6 stories, of which 63% are garden-style apartment communities, 37% are mid-sized buildings, and 25% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Austin come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 59% of the total apartments in the city, while 2-bedroom floorplans represent around 27% of all rentals in Austin. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.