Rentometer, Inc. | Data as of 10/23/2025
Alexandria, MN offers a balanced rental market that appeals to young professionals, growing families, and retirees alike. The city’s charming downtown, anchored by historic sites such as the historic Kensington Runestone Museum and the vibrant Canal Park, provides easy access to boutique shops, cafés, and waterfront recreation on Lake Agnes. Residents enjoy a mix of modern apartments and well‑maintained single‑family homes, many situated near top-rated schools, medical facilities, and the popular Alexandria Arts Center. Neighborhoods like Hillcrest and Northside blend tree‑lined streets with convenient bike paths, creating a welcoming environment for those seeking a blend of urban amenities and small‑town comfort.
Rental options in Alexandria span from efficient studio apartments to spacious three‑bedroom units, catering to a wide range of lifestyle needs. Studio apartments typically rent in the $900s, while one‑bedroom units are often found in the $1200 range, making them an attractive choice for first‑time renters and downsizers. Two‑ and three‑bedroom apartments commonly command rents in the $1300‑$1650 range, offering families ample space near parks like Central Park and the bustling downtown district. In addition to apartments, a selection of well‑kept houses provides the privacy and yard space many homeowners desire without the commitment of ownership. Whether you’re drawn to the city’s cultural attractions, its proximity to the scenic Minnesota lake region, or the friendly community vibe, Alexandria’s rental market delivers both affordability and quality of life, positioning it as a top choice for renters throughout central Minnesota.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $902 | $935 | $600 - $1,095 | $800 - $1,050 |
| Apartment | 1 Bedroom | $1,253 | $1,195 | $750 - $2,023 | $1,150 - $1,295 |
| Apartment | 2 Bedroom | $1,365 | $1,377 | $925 - $2,600 | $1,143 - $1,495 |
| Apartment | 3 Bedroom | $1,624 | $1,622 | $1,343 - $1,795 | $1,555 - $1,755 |
| House | 3 Bedroom | $1,811 | $1,775 | $1,695 - $2,000 | $1,750 - $2,000 |
| House | 4+ Bedroom | $1,983 | $2,000 | $1,950 - $2,000 | $1,950 - $2,000 |
In the current period, the average rent in Alexandria was $903 for Studio, $1,253 for 1 Bedroom, $1,350 for 2 Bedroom, $1,687 for 3 Bedroom, and $1,899 for 4+ Bedroom.
Data provided by Rentometer, Inc.