Rentometer, Inc. | Data as of 02/04/2026
Austin, MN offers a dynamic metro rental market that blends historic charm with modern convenience. Prospective renters will find a diverse selection of apartments and single‑family homes, catering to everyone from young professionals to growing families. The downtown corridor and the Riverwalk district are popular for their walkable streets, boutique shops, and vibrant community events such as the annual Riverfest, making them attractive neighborhoods for those who enjoy an active lifestyle close to amenities.
Apartment seekers can choose from efficient one‑bedroom units typically priced in the $1100s, while spacious two‑bedroom layouts command a $1400 range, reflecting the strong demand for comfortable, well‑located living spaces. Larger three‑bedroom apartments remain competitively priced around the $1150 mark, offering a balanced option for roommates or small families. For renters preferring a house, two‑bedroom homes are available in the $1100s, three‑bedroom properties average in the $1300 range, and expansive four‑plus bedroom homes sit in the $2100 range, providing ample space for larger households.
Beyond the numbers, Austin’s rental market benefits from its proximity to major employment centers, quality schools, and abundant outdoor recreation along the Cedar River. The blend of affordable pricing, varied housing types, and a welcoming community makes Austin, MN a compelling choice for renters seeking both value and a high quality of life within a thriving metro environment.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,158 | $1,191 | $1,066 - $1,219 | $1,066 - $1,219 |
| Apartment | 1 Bedroom | $1,131 | $1,068 | $595 - $1,602 | $945 - $1,408 |
| Apartment | 2 Bedroom | $1,380 | $1,400 | $900 - $1,916 | $1,095 - $1,658 |
| Apartment | 3 Bedroom | $1,482 | $1,200 | $1,100 - $2,429 | $1,150 - $2,429 |
| House | 2 Bedroom | $1,193 | $1,062 | $950 - $2,150 | $995 - $1,300 |
| House | 3 Bedroom | $1,318 | $1,347 | $1,000 - $1,500 | $1,275 - $1,475 |
| House | 4+ Bedroom | $2,116 | $2,200 | $1,650 - $2,500 | $1,650 - $2,500 |
In the current period, the average rent in Austin, MN was $1,159 for Studio, $1,119 for 1 Bedroom, $1,303 for 2 Bedroom, $1,373 for 3 Bedroom, and $2,117 for 4+ Bedroom.
Data provided by Rentometer, Inc.