Rentometer, Inc. | Data as of 10/22/2025
Austin, Minnesota blends small‑town charm with a vibrant cultural scene, making it an attractive destination for renters seeking both convenience and a strong sense of community. Nestled along the picturesque Zumbro River, the city offers easy access to scenic parks, lively downtown storefronts, and historic landmarks such as the historic Phoenix Cinema and the stunning All Saints’ Episcopal Church. Its welcoming neighborhoods, including the historic Main Street district and the family‑friendly North Austin area, provide a variety of housing options within walking distance to schools, shops, and local dining.
The rental market in Austin features a balanced mix of apartments and single‑family homes, catering to a wide range of lifestyle preferences. One‑bedroom apartments typically fall in the $1,100‑$1,150 range, while two‑bedroom units often command rents around the $1,400 mark. Larger apartment layouts, including three‑bedroom units, remain competitively priced in the low‑$1,100 range. For those seeking more space, two‑bedroom houses usually rent in the $1,200‑$1,300 bracket, three‑bedroom homes hover near $1,300, and spacious four‑plus bedroom houses command rents in the $2,100‑$2,200 range. Popular residential pockets such as the River Bend community and the Oakwood Village subdivision are especially sought after for their proximity to the river trail system and quality schools.
Renters in Austin benefit from a blend of modern amenities and a relaxed pace of life. The city’s robust public‑service infrastructure includes well‑maintained bike paths, a growing selection of café‑style eateries, and community events like the Austin Art &squot;Parks Festival. With convenient access to Interstate 35 and a commuter rail link to the Twin Cities, residents enjoy both local tranquility and easy connectivity for work or leisure. Whether you are a young professional, a growing family, or a retiree looking for a vibrant yet peaceful setting, Austin’s rental market offers a welcoming home base that reflects the city's friendly spirit and steady growth.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,154 | $1,105 | $650 - $1,602 | $950 - $1,408 |
| Apartment | 2 Bedroom | $1,431 | $1,444 | $1,000 - $1,916 | $1,095 - $1,767 |
| Apartment | 3 Bedroom | $1,166 | $1,150 | $1,100 - $1,250 | $1,100 - $1,250 |
| House | 2 Bedroom | $1,178 | $1,025 | $950 - $2,150 | $995 - $1,195 |
| House | 3 Bedroom | $1,321 | $1,300 | $1,150 - $1,500 | $1,225 - $1,450 |
| House | 4+ Bedroom | $2,116 | $2,200 | $1,650 - $2,500 | $1,650 - $2,500 |
In the current period, the average rent in Austin was
$1,136 for 1 Bedroom,
$1,318 for 2 Bedroom,
$1,275 for 3 Bedroom, and
$2,117 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.