13

Studio Apartments for Rent in Austin, MN

Section Image
  • /86

    Starting at $1,239

    Total Monthly Price

    • Studio - 3 Beds

    704 1st Dr NW, Austin, MN 55912

    Discover Mill on Main, downtown Austin's premier apartment community. After the overwhelming success of Mill on Main I, Mill on Main II was created to meet the high demand for modern style, comfort, and unbeatable amenities. With fitness facilities, rooftop patios, game rooms, secure storage, and underground parking, Mill on Main offers everything you need to elevate your everyday living right in

    Mill on Main I & II

    704 1st Dr NW, Austin, MN 55912
  • /35

    Starting at $689 Plus Fees

    • Studio - 2 Beds

    1310 21st Ave NW, Austin, MN 55912

    Flats on 21 is strategically located on the outskirts of Austin, MN, providing residents with an ideal setting to fully experience the charm of the area. Situated just east of Highway 281 and north of I-90, our residents enjoy easy access to local conveniences, dining spots, nightlife, downtown Austin, and various outdoor activities. Rest assured, daily necessities are within reach, with grocery

    Flats on 21

    1310 21st Ave NW, Austin, MN 55912

Why Live in Austin

Austin, Minnesota, known as SPAMTOWN USA, offers a relaxed lifestyle along the Cedar River, just 100 miles south of the Twin Cities. With a population of 26,000, the city is home to Fortune 500 companies like Hormel Foods Corporation, providing over 1,800 jobs. The real estate market features affordable single-family homes, including rambler and cottage designs, with new constructions primarily on the north side. Austin boasts 28 parks and 500 acres of green spaces, such as Horace Austin Park and East Side Lake Park, ideal for outdoor activities. The Jay C. Hormel Nature Center offers 9 miles of trails for hiking and cross-country skiing. The SPAM Museum on Main Street provides interactive exhibits about the brand's history. Seasonal events include the 4th of July Freedom Fest and the Paint the Town Pink Campaign, raising funds for cancer research. Main Street features local boutiques and eateries, with notable spots like Steve's Pizza. Austin Public School District serves over 5,000 students with high ratings, and Riverland Community College offers associate degrees. Healthcare is accessible at Austin Medical Center, and transportation is facilitated by U.S. Interstate 90 and SMART bus routes. Crime rates in Austin are lower than the national average, with significant decreases in violent and property crimes in 2023.

Frequently Asked Questions

How much does it cost to rent a home in Austin, MN?
The median rent for a home in Austin, MN is $1,162 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Austin, MN?
To comfortably afford the median rent in Austin, MN, a household needs to earn roughly $46,480 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,162 per month in Austin, MN, renters typically need to show $3,486 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Austin, MN?
In Austin, MN, the price-to-rent ratio is 14.7, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,162
Median Single Family Home Rent
$1,448
Median Condo Rent
$900
How to Rent a Home