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Rental Market Trends in Alexandria, MN

Updated September 2026

The average rent in Alexandria, MN is $1,179/month.

Rent in Alexandria is 29% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.

$1,179/month

Average Rent

657 Sq Ft

Average Size

+4.2%

Change / Year

245

Available Apartments

Alexandria rent varies by unit size and layout:

  • Studio apartments in Alexandria average $1,017 per month.
  • One-bedroom apartments in Alexandria average $1,179 per month.
  • Two-bedroom apartments in Alexandria average $1,371 per month.
  • Three-bedroom apartments in Alexandria average $1,741 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$1,017/month
490 Sq Ft
One Bedroom
$1,179/month
657 Sq Ft
Two Bedroom
$1,371/month
915 Sq Ft
Three Bedroom
$1,741/month
1,239 Sq Ft
View Alexandria Apartments

How much has average rent changed in Alexandria, MN?

In the past year, rent has increased by 4.2%, which averages out to $50 more per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Alexandria, MN

September 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Alexandria, MN
Percentage*
Rent Range
3% Below $700/month
31% $700 - $1,000/month
55% $1,001 - $1,500/month
7% $1,501 - $2,000/month
3% Above $2,000/month

What salary do I need to live comfortably in Alexandria, MN?

Because the average rent in Alexandria is $1,179, you’ll want to make about $3,930 per month or $47,160 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Alexandria, MN

245 Available Apartments for Rent

Search for Nearby Apartments

How does Alexandria, MN compare to other nearby cities and neighborhoods?

Use the tool below to compare Alexandria, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Alexandria Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Miltona

    Miltona

    Avg Rent: $662/month

  • Kensington

    Kensington

    Avg Rent: $637/month

Apartment Communities in Alexandria We Think You'll Love

Hillside Apartments

Hillside Apartments

1825 Oakview Ave SE,
Alexandria, MN 56308

Studio - 4 Beds | $1,210 - $2,155

Park and 3rd Lofts

Park and 3rd Lofts

917 4th Ave E,
Alexandria, MN 56308

Studio - 2 Beds | $1,210 - $1,955

The Landmark of Alexandria

The Landmark of Alexandria

330 34th Ave E,
Alexandria, MN 56308

1-2 Beds | $1,380 - $2,440

Broadway Garden Estates

Broadway Garden Estates

3511 S Broadway St,
Alexandria, MN 56308

1-2 Beds | $1,580 - $2,420

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Frequently Asked Questions

What is the average rent in Alexandria?

The average rent in Alexandria is $1,179 per month, which is 29.2% lower than the national average of $1,665.

Are rents going up or down in Alexandria?

Rents in Alexandria, MN are increasing, with prices up 4.2% year-over-year and $50 more per month.

What rent range is most common in Alexandria?

In Alexandria, MN, 55% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.

United States Minnesota Alexandria Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity