Apartments for Rent in Austin, MN

Prices and availability in Austin, MN were last updated on 6 Oct 2026.

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

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

The price range for a studio apartment in Austin, MN is between $1,147 and $1,339.

The price range for a 1-bedroom apartment in Austin, MN is between $1,100 and $1,798.

The price range for a 2-bedroom apartment in Austin, MN is between $950 and $2,279.

The price range for a 3-bedroom apartment in Austin, MN is between $1,249 and $2,279.

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 age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Austin are about 34 years old, on average. Of these, 38% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 6 stories. About 63% of the rental communities here are low-rise, garden-style communities, 37% are mid-rises, and 25% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.