Apartments for Rent in Austin, MN

Prices and availability in Austin, MN were last updated on 22 May 2026.

The best apartments in Austin, MN are: Mill on Main and Flats on 21.

The average rent in Austin, MN is $1,056.

The price range for a studio apartment in Austin, MN is between $1,095 and $1,300.

The price range for a 1-bedroom apartment in Austin, MN is between $1,095 and $1,645.

The price range for a 2-bedroom apartment in Austin, MN is between $1,419 and $1,804.

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 37 years old, on average. Of these, 24% 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 55% of the rental communities here are low-rise, garden-style communities, 45% are mid-rises, and 31% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Austin are around 0% of rentals, while 1-bedroom floor plans represent 65% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 27% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.