2-Bedroom Apartment Rent in Austin, MN
Median asking rent for a 2-bedroom apartment in Austin, Minnesota as of October 2026. That's +10% lower than the citywide median of $1,161 and +37% below the national 2-bedroom median of $1,657.
Income needed for a 2-bedroom in Austin
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Austin
Compare Austin's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Albert Lea | $930 |
| 2 | Winona | $950 |
| 3 | Moorhead | $1,040 |
| 4 | Owatonna | $1,040 |
| 5 | Austin (this page) | $1,050 |
| 6 | Bemidji | $1,090 |
| 7 | Waite Park | $1,200 |
| 8 | Duluth | $1,236 |
| 9 | Mankato | $1,250 |
| 10 | Saint Cloud | $1,273 |
| 11 | Victoria | $1,273 |
| 12 | Rochester | $1,368 |
| 13 | Anoka | $1,401 |
| 14 | Northfield | $1,460 |
| 15 | South Saint Paul | $1,460 |
Most expensive cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Woodbury | $2,280 |
| 2 | Maple Grove | $2,205 |
| 3 | Eden Prairie | $2,170 |
| 4 | Lakeville | $2,140 |
| 5 | Cottage Grove | $2,130 |
| 6 | Edina | $2,100 |
| 7 | Blaine | $2,085 |
| 8 | Brooklyn Park | $2,065 |
| 9 | Plymouth | $2,063 |
| 10 | Savage | $2,030 |
| 11 | Rosemount | $2,030 |
| 12 | Minnetonka | $2,000 |
| 13 | Wayzata | $1,924 |
| 14 | Saint Louis Park | $1,910 |
| 15 | Apple Valley | $1,910 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 2 of these cities have cheaper 2-bedroom rents than Austin.
| City | Distance | 2-Bedroom rent | vs Austin |
|---|---|---|---|
| Albert Lea, MN | 23.2 mi | $930 | $-120 (-11%) |
| Owatonna, MN | 30.6 mi | $1,040 | $-10 (-1%) |
| Rochester, MN | 43.7 mi | $1,368 | +$318 (+30%) |
| Northfield, MN | 55.9 mi | $1,460 | +$410 (+39%) |
| Lakeville, MN | 69.1 mi | $2,140 | +$1,090 (+104%) |
| Rosemount, MN | 72.8 mi | $2,030 | +$980 (+93%) |
| Apple Valley, MN | 74.3 mi | $1,910 | +$860 (+82%) |
| Mankato, MN | 74.9 mi | $1,250 | +$200 (+19%) |
| Prior Lake, MN | 75 mi | $1,710 | +$660 (+63%) |
| Burnsville, MN | 76.7 mi | $1,835 | +$785 (+75%) |
| Cottage Grove, MN | 78.4 mi | $2,130 | +$1,080 (+103%) |
| Savage, MN | 78.6 mi | $2,030 | +$980 (+93%) |
2-Bedroom rent in Austin — common questions
How much is a 2-bedroom apartment in Austin?
As of October 2026, the median 2-bedroom apartment rent in Austin, Minnesota is $1,050 per month. This is +10% below the citywide median of $1,161.
What income do you need to afford a 2-bedroom in Austin?
Using the standard 30% rent-to-income rule, you would need an annual income of about $42,000 ($3,500/month gross), which works out to roughly $20.19/hour at a full-time job.
Is Austin expensive for a 2-bedroom compared to the rest of the US?
Austin's 2-bedroom median of $1,050 is +37% below the national 2-bedroom median of $1,657. It ranks in the 8th percentile of US cities tracked.
How does Austin rank for 2-bedroom rent in Minnesota?
Among the 66 cities in Minnesota with 2-bedroom data, Austin ranks #5 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Austin?
Yes — nearby cities with cheaper 2-bedroom rents include Albert Lea ($930), Owatonna ($1,040).