Apartments & Homes for Rent in Austin, MN

1-20 of 31 rentals
Viewing 1-20 of 31 rentals in Austin
What to Know About

Life in Austin & Beyond

Austin shares many of the great qualities that make Minnesota a desirable place to live.

Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

Austin, MN

As of April 2025, Austin's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Austin's average rent is 46.7% ($666) lower than the Minnesota average of $1,425 and 57.8% ($1,040) lower than the U.S. average of $1,799.

Average Rent
$759
Monthly ChangeMonth Over Month Change
Increased2.8% ($21)
Yearly ChangeYear Over Year Change
Decreased13.8% ($121)
Avg. Days on MarketAverage Days on Market
44
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $751 Increased3.4% ($25) Increased4.3% ($31)
2 Beds $1,010 Increased16.9% ($146) Increased14.4% ($127)
3 Beds $1,318 Increased1.2% ($16) Increased4.9% ($61)
Nearby Cities Average Rent Avg. Rent vs. AustinAverage Rent vs. Austin Avg. Days on MarketAverage Days on Market
Hayfield $824 Increased8.6% ($65) 44 days
Grand Meadow $733 Decreased3.4% ($26) 46 days
Albert Lea $1,363 Increased79.6% ($604) 47 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Austin Rental Market FAQs

Explore rental prices, market trends, and availability in Austin, MN.

The average rent in Austin, MN is $759 per month.
Homes in Austin typically rent for between $600 and $1,713 per month, with an average of $759 per month.
In Austin, the average rent for a 1-bedroom home is $751 per month, for a 2-bedroom home, $1,010 per month, and a 3-bedroom home is $1,318 per month.
The average rent in Austin is 57.8% ($1,040) lower than the national average of $1,799 per month.
The average rent in Austin has increased by 2.8% ($21) in the last month and decreased by 13.8% ($121) over the past year.
The rental market in Austin, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Austin, MN, the average rental stays on the market for approximately 44 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 31 rental properties available in Austin, MN.
Based on the current averages, a household would need an annual income of $40,400 to comfortably afford a 2-bedroom home in Austin.
List Your Property For Rent

Are You a Rental Professional?

Advertise on RentalSource, Zillow, Realtor.com, and Craigslist Austin to attract quality tenants faster and take your listings to the next level.

Was this page helpful?  HelpfulUnhelpful