Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

Austin, MN

As of May 2026, Austin's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Austin's average rent is 32.0% ($491) lower than the Minnesota average of $1,536 and 41.6% ($744) lower than the U.S. average of $1,789.

Average Rent

$1,045

Monthly ChangeMonth Over Month Change

0.7% ($7)

Yearly ChangeYear Over Year Change

33.3% ($261)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$901	0.7% ($6)	16.6% ($128)
2 Beds	$1,049	1.2% ($13)	4% ($40)
3 Beds	$1,358	2% ($28)	6.7% ($85)

Nearby Cities	Average Rent	Avg. Rent vs. AustinAverage Rent vs. Austin	Avg. Days on MarketAverage Days on Market
Hayfield	$875	16.3% ($170)	44 days
Albert Lea	$1,063	1.7% ($18)	47 days
Kasson	$1,605	53.6% ($560)	42 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Austin Rental Market FAQs

Explore rental prices, market trends, and availability in Austin, MN.

What is the average rent in Austin, MN?

The average rent in Austin, MN is $1,045 per month.

What is the rental price range for houses in Austin, MN?

Houses in Austin typically rent for between $631 and $1,765 per month, with an average of $1,045 per month.

What is the average rent for different bedroom sizes in Austin, MN?

In Austin, the average rent for a 1-bedroom house is $901 per month, for a 2-bedroom house, $1,049 per month, and a 3-bedroom house is $1,358 per month.

How do rent prices in Austin, MN compare with the national average?

The average rent in Austin is 41.6% ($744) lower than the national average of $1,789 per month.

How have rent prices in Austin, MN changed recently?

The average rent in Austin has decreased by 0.7% ($7) in the last month and increased by 33.3% ($261) over the past year.

How competitive is the rental market in Austin, MN?

The rental market in Austin, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.

How long do rentals stay on the market in Austin, MN?

In Austin, MN, the average rental stays on the market for approximately 44 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Austin, MN?

There are currently 25 rental properties available in Austin, MN.

Can I afford to rent a house in Austin, MN?

Based on the current averages, a household would need an annual income of $41,960 to comfortably afford a 2-bedroom house in Austin.