<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2022 Workiva-->
<!--r:482c179a-be84-450d-8b16-8f9351bcf384,g:8f958bec-ec7c-4d21-a1d8-44de3ca75a15-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://centerspacehomes.com/role/CoverPage" xlink:type="simple" xlink:href="csr-20220331.xsd#CoverPage"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/CoverPage" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract_435703ae-3e1a-4267-8eab-3c629a252613" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CoverAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntitiesTable_e554bb6a-d472-41f0-8e2f-8a32f2ded341" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_CoverAbstract_435703ae-3e1a-4267-8eab-3c629a252613" xlink:to="loc_dei_EntitiesTable_e554bb6a-d472-41f0-8e2f-8a32f2ded341" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_bb2bc381-6b9e-4f57-bcd6-01f370bff23a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntitiesTable_e554bb6a-d472-41f0-8e2f-8a32f2ded341" xlink:to="loc_us-gaap_StatementClassOfStockAxis_bb2bc381-6b9e-4f57-bcd6-01f370bff23a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_63cbfa5e-f37a-42cc-93ab-dfbaf7767d0e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_bb2bc381-6b9e-4f57-bcd6-01f370bff23a" xlink:to="loc_us-gaap_ClassOfStockDomain_63cbfa5e-f37a-42cc-93ab-dfbaf7767d0e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonClassAMember_d38201e3-b816-451a-9984-004ee62517a3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonClassAMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_63cbfa5e-f37a-42cc-93ab-dfbaf7767d0e" xlink:to="loc_us-gaap_CommonClassAMember_d38201e3-b816-451a-9984-004ee62517a3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SeriesCPreferredStockMember_2b894fcd-4237-41ca-a37c-1fd57ca85ab2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SeriesCPreferredStockMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_63cbfa5e-f37a-42cc-93ab-dfbaf7767d0e" xlink:to="loc_us-gaap_SeriesCPreferredStockMember_2b894fcd-4237-41ca-a37c-1fd57ca85ab2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInformationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntitiesTable_e554bb6a-d472-41f0-8e2f-8a32f2ded341" xlink:to="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType_472aa3c3-371b-42e6-b835-676a2f65c9b2" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentType"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_DocumentType_472aa3c3-371b-42e6-b835-676a2f65c9b2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentQuarterlyReport_1c791cb4-e8d6-49e3-9d8c-e1c341034e42" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentQuarterlyReport"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_DocumentQuarterlyReport_1c791cb4-e8d6-49e3-9d8c-e1c341034e42" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate_cad71927-7cd6-45ca-94fe-ee93f50744c0" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentPeriodEndDate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_DocumentPeriodEndDate_cad71927-7cd6-45ca-94fe-ee93f50744c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport_607c74a5-0ecd-4512-b45e-48c1a515c33a" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentTransitionReport"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_DocumentTransitionReport_607c74a5-0ecd-4512-b45e-48c1a515c33a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFileNumber_5bc5b1b2-eb62-4953-bb34-bf05e98f0988" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFileNumber"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityFileNumber_5bc5b1b2-eb62-4953-bb34-bf05e98f0988" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName_c1e6bb69-5555-438a-95bc-8547374a1500" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityRegistrantName"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityRegistrantName_c1e6bb69-5555-438a-95bc-8547374a1500" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode_2bad4f4f-7393-415e-97ae-ac8bae57e619" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityIncorporationStateCountryCode_2bad4f4f-7393-415e-97ae-ac8bae57e619" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityTaxIdentificationNumber_ffca3b3e-8a9e-4611-866f-e4458d566f89" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityTaxIdentificationNumber"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityTaxIdentificationNumber_ffca3b3e-8a9e-4611-866f-e4458d566f89" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1_eb55ac7b-0ce0-4527-b5a8-783d992a1659" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine1"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityAddressAddressLine1_eb55ac7b-0ce0-4527-b5a8-783d992a1659" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine2_47107ed3-e259-48cf-a67d-f6a5faa45a8b" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressAddressLine2"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityAddressAddressLine2_47107ed3-e259-48cf-a67d-f6a5faa45a8b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown_5f356fba-cb0f-42a9-bf67-4460269766bf" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressCityOrTown"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityAddressCityOrTown_5f356fba-cb0f-42a9-bf67-4460269766bf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressStateOrProvince_5af7d45f-e73e-4680-9000-f4ea822b779d" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressStateOrProvince"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityAddressStateOrProvince_5af7d45f-e73e-4680-9000-f4ea822b779d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode_5d7dd9f4-0ed6-4bb2-a2d5-945e419944dd" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityAddressPostalZipCode"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityAddressPostalZipCode_5d7dd9f4-0ed6-4bb2-a2d5-945e419944dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode_efa9df92-3d2f-4c25-87e7-77253a47ff7c" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CityAreaCode"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_CityAreaCode_efa9df92-3d2f-4c25-87e7-77253a47ff7c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber_5c0f7785-9541-47a5-8852-30688cb81efe" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_LocalPhoneNumber"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_LocalPhoneNumber_5c0f7785-9541-47a5-8852-30688cb81efe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus_4809d071-0d92-4c87-9acc-d975fbac6253" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCurrentReportingStatus"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityCurrentReportingStatus_4809d071-0d92-4c87-9acc-d975fbac6253" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent_ed481c61-5f0d-473c-8b3d-d7837dccbd8c" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityInteractiveDataCurrent_ed481c61-5f0d-473c-8b3d-d7837dccbd8c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory_1bf9fe1a-9ca5-44d2-89de-e8e1e26e5ce7" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityFilerCategory"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityFilerCategory_1bf9fe1a-9ca5-44d2-89de-e8e1e26e5ce7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntitySmallBusiness_12a4fd22-1000-466f-b785-f58248ecff5b" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntitySmallBusiness"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntitySmallBusiness_12a4fd22-1000-466f-b785-f58248ecff5b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany_59d0028a-67b9-4730-8363-55d409b1b8d6" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityEmergingGrowthCompany_59d0028a-67b9-4730-8363-55d409b1b8d6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany_92239bf1-2a8c-4344-954d-bf800ec8d4f7" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityShellCompany"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityShellCompany_92239bf1-2a8c-4344-954d-bf800ec8d4f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle_0c2fa9da-beb8-4087-9326-ded3416fbe4c" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_Security12bTitle"/>
    <link:presentationArc order="22" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_Security12bTitle_0c2fa9da-beb8-4087-9326-ded3416fbe4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol_820f472e-2251-4eb0-b9b6-cd4abe92bc78" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_TradingSymbol"/>
    <link:presentationArc order="23" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_TradingSymbol_820f472e-2251-4eb0-b9b6-cd4abe92bc78" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName_4f99ce2d-0860-44ab-8512-415c4ca5b165" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_SecurityExchangeName"/>
    <link:presentationArc order="24" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_SecurityExchangeName_4f99ce2d-0860-44ab-8512-415c4ca5b165" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_54116aff-db2b-4ecf-9c6e-64dcee748c1e" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:presentationArc order="25" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityCommonStockSharesOutstanding_54116aff-db2b-4ecf-9c6e-64dcee748c1e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey_2de5a0bd-c4a7-47de-bb42-dc3f7b076395" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_EntityCentralIndexKey"/>
    <link:presentationArc order="26" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_EntityCentralIndexKey_2de5a0bd-c4a7-47de-bb42-dc3f7b076395" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate_8c8895c0-108d-4483-94a8-56cf0dfe07b6" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:presentationArc order="27" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_CurrentFiscalYearEndDate_8c8895c0-108d-4483-94a8-56cf0dfe07b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus_2eea63a2-314d-4e5c-8d41-6186ad4002b3" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalYearFocus"/>
    <link:presentationArc order="28" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_DocumentFiscalYearFocus_2eea63a2-314d-4e5c-8d41-6186ad4002b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus_1c6bcda2-15f3-418a-8552-f993bd90dc15" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:presentationArc order="29" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_DocumentFiscalPeriodFocus_1c6bcda2-15f3-418a-8552-f993bd90dc15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag_6717f803-0018-47f5-a18f-e92e19b110fd" xlink:href="https://xbrl.sec.gov/dei/2021q4/dei-2021q4.xsd#dei_AmendmentFlag"/>
    <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_dei_EntityInformationLineItems_841e36eb-6e89-46bb-b5ad-41b8655164e7" xlink:to="loc_dei_AmendmentFlag_6717f803-0018-47f5-a18f-e92e19b110fd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS" xlink:type="simple" xlink:href="csr-20220331.xsd#CONDENSEDCONSOLIDATEDBALANCESHEETS"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_d1907312-4346-4f01-9e46-e5d478588726" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AssetsAbstract_e0d49704-8efb-4758-966c-330c0a1f2dd4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AssetsAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_d1907312-4346-4f01-9e46-e5d478588726" xlink:to="loc_us-gaap_AssetsAbstract_e0d49704-8efb-4758-966c-330c0a1f2dd4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InvestmentsAbstract_535b7d12-f5ea-48c2-aa32-7a5decc8f552" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InvestmentsAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_e0d49704-8efb-4758-966c-330c0a1f2dd4" xlink:to="loc_us-gaap_InvestmentsAbstract_535b7d12-f5ea-48c2-aa32-7a5decc8f552" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAtCost_f55eaf5e-4ab0-4023-b5c7-af889b1f993b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsAbstract_535b7d12-f5ea-48c2-aa32-7a5decc8f552" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAtCost_f55eaf5e-4ab0-4023-b5c7-af889b1f993b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_bfcf83c8-a65c-451c-870f-15a0ba24ecbf" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsAbstract_535b7d12-f5ea-48c2-aa32-7a5decc8f552" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_bfcf83c8-a65c-451c-870f-15a0ba24ecbf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_29c658a1-b015-4e88-8d8f-7cfe61a10cb0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsAbstract_535b7d12-f5ea-48c2-aa32-7a5decc8f552" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_29c658a1-b015-4e88-8d8f-7cfe61a10cb0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableGross_fe8960c4-df03-47f3-81b9-983b77d259b6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NotesReceivableGross"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsAbstract_535b7d12-f5ea-48c2-aa32-7a5decc8f552" xlink:to="loc_us-gaap_NotesReceivableGross_fe8960c4-df03-47f3-81b9-983b77d259b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Investments_6b905676-e308-47b5-b1bf-e8b93fb34120" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_Investments"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_InvestmentsAbstract_535b7d12-f5ea-48c2-aa32-7a5decc8f552" xlink:to="loc_us-gaap_Investments_6b905676-e308-47b5-b1bf-e8b93fb34120" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_7d5aaf8c-ffe2-4f65-816a-65f652df08c3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_e0d49704-8efb-4758-966c-330c0a1f2dd4" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_7d5aaf8c-ffe2-4f65-816a-65f652df08c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_914db3e4-2a85-4b28-b98c-0703787d4dcb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_e0d49704-8efb-4758-966c-330c0a1f2dd4" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_914db3e4-2a85-4b28-b98c-0703787d4dcb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_2f0b1f09-a92f-4eed-ba7d-0ba5b8eae077" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherAssets"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_e0d49704-8efb-4758-966c-330c0a1f2dd4" xlink:to="loc_us-gaap_OtherAssets_2f0b1f09-a92f-4eed-ba7d-0ba5b8eae077" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_ed50ffd5-6b63-45a3-922c-b3157e1e39a2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_Assets"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AssetsAbstract_e0d49704-8efb-4758-966c-330c0a1f2dd4" xlink:to="loc_us-gaap_Assets_ed50ffd5-6b63-45a3-922c-b3157e1e39a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_f4220754-c44f-4ae2-9484-e30fea9d6ce5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_d1907312-4346-4f01-9e46-e5d478588726" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_f4220754-c44f-4ae2-9484-e30fea9d6ce5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAbstract_8b2b0600-9ffd-4c32-b886-ae07f75bbea5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LiabilitiesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_f4220754-c44f-4ae2-9484-e30fea9d6ce5" xlink:to="loc_us-gaap_LiabilitiesAbstract_8b2b0600-9ffd-4c32-b886-ae07f75bbea5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_ec90514d-5581-4ddd-a8ab-b11e29cded19" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_8b2b0600-9ffd-4c32-b886-ae07f75bbea5" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent_ec90514d-5581-4ddd-a8ab-b11e29cded19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCredit_e3c27c98-1182-4ff3-8d5c-ac4f6aecb9b7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCredit"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_8b2b0600-9ffd-4c32-b886-ae07f75bbea5" xlink:to="loc_us-gaap_LineOfCredit_e3c27c98-1182-4ff3-8d5c-ac4f6aecb9b7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnsecuredDebt_049d997b-06da-4774-8b65-81e52a4f56e1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_UnsecuredDebt"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_8b2b0600-9ffd-4c32-b886-ae07f75bbea5" xlink:to="loc_us-gaap_UnsecuredDebt_049d997b-06da-4774-8b65-81e52a4f56e1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SecuredDebt_0262a6d2-8a57-47b9-a190-5be6e21a433c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SecuredDebt"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_8b2b0600-9ffd-4c32-b886-ae07f75bbea5" xlink:to="loc_us-gaap_SecuredDebt_0262a6d2-8a57-47b9-a190-5be6e21a433c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Liabilities_feede59b-e9f7-4e11-b310-055849624ec1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_Liabilities"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_8b2b0600-9ffd-4c32-b886-ae07f75bbea5" xlink:to="loc_us-gaap_Liabilities_feede59b-e9f7-4e11-b310-055849624ec1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingencies_7f0cedd2-613d-4a81-9077-7921f6481fb8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommitmentsAndContingencies"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_f4220754-c44f-4ae2-9484-e30fea9d6ce5" xlink:to="loc_us-gaap_CommitmentsAndContingencies_7f0cedd2-613d-4a81-9077-7921f6481fb8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests_db34be3b-a6f2-46e4-a55b-687df4a945cd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_f4220754-c44f-4ae2-9484-e30fea9d6ce5" xlink:to="loc_us-gaap_TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests_db34be3b-a6f2-46e4-a55b-687df4a945cd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_54a9302f-23bf-41c2-9768-2c5e04214c6d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_f4220754-c44f-4ae2-9484-e30fea9d6ce5" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_54a9302f-23bf-41c2-9768-2c5e04214c6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockValue_226bfcd2-3bf1-4206-b4a6-ad8ab9301949" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockValue"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_54a9302f-23bf-41c2-9768-2c5e04214c6d" xlink:to="loc_us-gaap_PreferredStockValue_226bfcd2-3bf1-4206-b4a6-ad8ab9301949" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockValue_9f85cf88-4e5d-4fd3-854a-0cc9423d8a79" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockValue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_54a9302f-23bf-41c2-9768-2c5e04214c6d" xlink:to="loc_us-gaap_CommonStockValue_9f85cf88-4e5d-4fd3-854a-0cc9423d8a79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_78773652-faa7-4d45-9025-a40d762e6096" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_54a9302f-23bf-41c2-9768-2c5e04214c6d" xlink:to="loc_us-gaap_RetainedEarningsAccumulatedDeficit_78773652-faa7-4d45-9025-a40d762e6096" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_52cf8ae0-e508-4337-bf7c-bd8045ed6bdd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_54a9302f-23bf-41c2-9768-2c5e04214c6d" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_52cf8ae0-e508-4337-bf7c-bd8045ed6bdd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquity_46a4b2a1-84fc-4e39-8bb2-ea3043189afa" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquity"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_54a9302f-23bf-41c2-9768-2c5e04214c6d" xlink:to="loc_us-gaap_StockholdersEquity_46a4b2a1-84fc-4e39-8bb2-ea3043189afa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NoncontrollingInterestInOperatingPartnershipsAndPreferredUnitHolders_78a4e6d3-84bc-49ea-af46-6a12e60ccfe5" xlink:href="csr-20220331.xsd#csr_NoncontrollingInterestInOperatingPartnershipsAndPreferredUnitHolders"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_54a9302f-23bf-41c2-9768-2c5e04214c6d" xlink:to="loc_csr_NoncontrollingInterestInOperatingPartnershipsAndPreferredUnitHolders_78a4e6d3-84bc-49ea-af46-6a12e60ccfe5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherMinorityInterests_3426023c-0f31-4fb5-ba9c-f2efa6868d23" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherMinorityInterests"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_54a9302f-23bf-41c2-9768-2c5e04214c6d" xlink:to="loc_us-gaap_OtherMinorityInterests_3426023c-0f31-4fb5-ba9c-f2efa6868d23" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_cc67c860-428e-4ee2-9860-31c15d980385" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_54a9302f-23bf-41c2-9768-2c5e04214c6d" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_cc67c860-428e-4ee2-9860-31c15d980385" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquity_891f418f-e961-4a73-b71e-c88faff271d7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_f4220754-c44f-4ae2-9484-e30fea9d6ce5" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquity_891f418f-e961-4a73-b71e-c88faff271d7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical" xlink:type="simple" xlink:href="csr-20220331.xsd#CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDBALANCESHEETSParenthetical" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_26458036-4dd7-480f-838e-b42c2d817b2c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_f706ef91-4a2a-4518-88eb-a7ef9b33409e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfFinancialPositionAbstract_26458036-4dd7-480f-838e-b42c2d817b2c" xlink:to="loc_us-gaap_StatementTable_f706ef91-4a2a-4518-88eb-a7ef9b33409e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_345088ae-c84f-4ff7-b950-52439dc5af79" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_f706ef91-4a2a-4518-88eb-a7ef9b33409e" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_345088ae-c84f-4ff7-b950-52439dc5af79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_9a129e4a-7e05-4b7c-b613-f2b36540c15d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_345088ae-c84f-4ff7-b950-52439dc5af79" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_9a129e4a-7e05-4b7c-b613-f2b36540c15d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MediumTermNotesMember_3136fd60-9811-4d25-82fd-a967038c77ce" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MediumTermNotesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_9a129e4a-7e05-4b7c-b613-f2b36540c15d" xlink:to="loc_us-gaap_MediumTermNotesMember_3136fd60-9811-4d25-82fd-a967038c77ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgagesMember_5290eaad-44af-4780-9380-cc30794b5c35" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MortgagesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_9a129e4a-7e05-4b7c-b613-f2b36540c15d" xlink:to="loc_us-gaap_MortgagesMember_5290eaad-44af-4780-9380-cc30794b5c35" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_386c4585-0683-4625-a5ff-b84173380724" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_f706ef91-4a2a-4518-88eb-a7ef9b33409e" xlink:to="loc_us-gaap_StatementLineItems_386c4585-0683-4625-a5ff-b84173380724" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_d715a43a-8537-4b44-9f7b-b4e31d0b0d0a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_386c4585-0683-4625-a5ff-b84173380724" xlink:to="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_d715a43a-8537-4b44-9f7b-b4e31d0b0d0a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LiabilitiesAbstract_bc3c2418-5304-4193-a75b-2208da18a20c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LiabilitiesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_d715a43a-8537-4b44-9f7b-b4e31d0b0d0a" xlink:to="loc_us-gaap_LiabilitiesAbstract_bc3c2418-5304-4193-a75b-2208da18a20c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DeferredFinanceCostsNet_075ba89b-7323-4bdf-b4a4-ad90655f5a11" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DeferredFinanceCostsNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAbstract_bc3c2418-5304-4193-a75b-2208da18a20c" xlink:to="loc_us-gaap_DeferredFinanceCostsNet_075ba89b-7323-4bdf-b4a4-ad90655f5a11" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LiabilitiesAndStockholdersEquityAbstract_d715a43a-8537-4b44-9f7b-b4e31d0b0d0a" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TemporaryEquityParOrStatedValuePerShare_ea098838-f6c7-4279-86fd-6f58a79b7b63" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_TemporaryEquityParOrStatedValuePerShare"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:to="loc_us-gaap_TemporaryEquityParOrStatedValuePerShare_ea098838-f6c7-4279-86fd-6f58a79b7b63" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TemporaryEquitySharesIssued_997adc21-391e-42e0-9edc-5cef62fa040e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_TemporaryEquitySharesIssued"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:to="loc_us-gaap_TemporaryEquitySharesIssued_997adc21-391e-42e0-9edc-5cef62fa040e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TemporaryEquitySharesOutstanding_547ab88d-22c3-441f-8ee9-76e767e41871" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_TemporaryEquitySharesOutstanding"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:to="loc_us-gaap_TemporaryEquitySharesOutstanding_547ab88d-22c3-441f-8ee9-76e767e41871" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TemporaryEquityLiquidationPreference_48834e82-11c4-4f90-881f-6329116acb6a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_TemporaryEquityLiquidationPreference"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:to="loc_us-gaap_TemporaryEquityLiquidationPreference_48834e82-11c4-4f90-881f-6329116acb6a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockLiquidationPreference_011f5a62-42e6-4e11-938e-44a5f30e27c0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockLiquidationPreference"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:to="loc_us-gaap_PreferredStockLiquidationPreference_011f5a62-42e6-4e11-938e-44a5f30e27c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesIssued_5428e82c-9a9f-4663-bee0-93b4292608dd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockSharesIssued"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:to="loc_us-gaap_PreferredStockSharesIssued_5428e82c-9a9f-4663-bee0-93b4292608dd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_9dfca00e-8c93-445a-968f-67664a8b8ecc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockSharesOutstanding"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_9dfca00e-8c93-445a-968f-67664a8b8ecc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockLiquidationPreferenceValue_ef85c251-a16f-4607-b213-39398711a41a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockLiquidationPreferenceValue"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:to="loc_us-gaap_PreferredStockLiquidationPreferenceValue_ef85c251-a16f-4607-b213-39398711a41a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesIssued_1fdbcfb4-298a-43d6-b866-ec8eaa1c9b67" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockSharesIssued"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:to="loc_us-gaap_CommonStockSharesIssued_1fdbcfb4-298a-43d6-b866-ec8eaa1c9b67" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_e5cd34b7-c568-4168-a5b2-63a2b7cabd8a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_aab0e863-7b55-40ea-bc5d-02dd3a06cc58" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_e5cd34b7-c568-4168-a5b2-63a2b7cabd8a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATIONS" xlink:type="simple" xlink:href="csr-20220331.xsd#CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATIONS"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFOPERATIONS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeStatementAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_2ccf0bdc-0c67-4fda-ace0-ae89e5213ac3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_Revenues"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_us-gaap_Revenues_2ccf0bdc-0c67-4fda-ace0-ae89e5213ac3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpensesAbstract_17cb8777-c2c8-4495-a1c4-91e438fb259b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CostsAndExpensesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_us-gaap_CostsAndExpensesAbstract_17cb8777-c2c8-4495-a1c4-91e438fb259b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PropertyOperatingExpensesExcludingRealEstateTaxes_e1e6a05d-6a84-49f2-b818-69d6a47e0214" xlink:href="csr-20220331.xsd#csr_PropertyOperatingExpensesExcludingRealEstateTaxes"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_17cb8777-c2c8-4495-a1c4-91e438fb259b" xlink:to="loc_csr_PropertyOperatingExpensesExcludingRealEstateTaxes_e1e6a05d-6a84-49f2-b818-69d6a47e0214" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateTaxExpense_6a527486-b3b8-4870-af90-162687cc24fc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstateTaxExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_17cb8777-c2c8-4495-a1c4-91e438fb259b" xlink:to="loc_us-gaap_RealEstateTaxExpense_6a527486-b3b8-4870-af90-162687cc24fc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostOfGoodsAndServicesSold_cc72d9bb-3588-4401-8521-b85ab15a2fe6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CostOfGoodsAndServicesSold"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_17cb8777-c2c8-4495-a1c4-91e438fb259b" xlink:to="loc_us-gaap_CostOfGoodsAndServicesSold_cc72d9bb-3588-4401-8521-b85ab15a2fe6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_InsuranceGainLossCasualty_736816e7-90c3-46b3-8d73-dd4ad346ef84" xlink:href="csr-20220331.xsd#csr_InsuranceGainLossCasualty"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_17cb8777-c2c8-4495-a1c4-91e438fb259b" xlink:to="loc_csr_InsuranceGainLossCasualty_736816e7-90c3-46b3-8d73-dd4ad346ef84" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_87e3f3a7-90af-45ac-b845-0a5b95cecdf0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_17cb8777-c2c8-4495-a1c4-91e438fb259b" xlink:to="loc_us-gaap_DepreciationAndAmortization_87e3f3a7-90af-45ac-b845-0a5b95cecdf0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_1ff7306e-6b1d-4bdc-858f-2ce3154d0527" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_17cb8777-c2c8-4495-a1c4-91e438fb259b" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_1ff7306e-6b1d-4bdc-858f-2ce3154d0527" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostsAndExpenses_957d383e-207c-4a94-9558-0edcd4099b25" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CostsAndExpenses"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CostsAndExpensesAbstract_17cb8777-c2c8-4495-a1c4-91e438fb259b" xlink:to="loc_us-gaap_CostsAndExpenses_957d383e-207c-4a94-9558-0edcd4099b25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingIncomeLoss_b8e10c93-fe28-4df6-a1cd-990284fe9626" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingIncomeLoss"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_us-gaap_OperatingIncomeLoss_b8e10c93-fe28-4df6-a1cd-990284fe9626" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_dce52827-6113-4be0-8487-8cf5966400b0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InterestExpense"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_us-gaap_InterestExpense_dce52827-6113-4be0-8487-8cf5966400b0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_InterestAndOtherIncomeLoss_e7248fbe-50b6-47a3-9af2-7a1a193546c2" xlink:href="csr-20220331.xsd#csr_InterestAndOtherIncomeLoss"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_csr_InterestAndOtherIncomeLoss_e7248fbe-50b6-47a3-9af2-7a1a193546c2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_bc727eff-82ac-4b53-bfda-3ef1c12c9f01" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_us-gaap_ProfitLoss_bc727eff-82ac-4b53-bfda-3ef1c12c9f01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PreferredStockDividends_751f1494-8162-42da-a80a-419ff3f3a326" xlink:href="csr-20220331.xsd#csr_PreferredStockDividends"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_csr_PreferredStockDividends_751f1494-8162-42da-a80a-419ff3f3a326" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsAndPreferredUnitHoldersNonredeemable_55bd4994-b162-4ade-ac15-253170610862" xlink:href="csr-20220331.xsd#csr_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsAndPreferredUnitHoldersNonredeemable"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_csr_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsAndPreferredUnitHoldersNonredeemable_55bd4994-b162-4ade-ac15-253170610862" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable_01a83a47-a70a-413c-8ca4-5c9adafe895b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_us-gaap_NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable_01a83a47-a70a-413c-8ca4-5c9adafe895b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_9e6d0b1d-dce6-4bd7-b76e-4d224525e59f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_us-gaap_NetIncomeLoss_9e6d0b1d-dce6-4bd7-b76e-4d224525e59f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPreferredStock_574375a3-9501-4ae7-a756-513384077b0c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DividendsPreferredStock"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_us-gaap_DividendsPreferredStock_574375a3-9501-4ae7-a756-513384077b0c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_9bf0cdb3-68bb-40b1-9e5c-7899c6e228e0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_9bf0cdb3-68bb-40b1-9e5c-7899c6e228e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_b1c1da22-b9b2-4ccd-b0aa-cf6f6b432dfe" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_us-gaap_EarningsPerShareBasic_b1c1da22-b9b2-4ccd-b0aa-cf6f6b432dfe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_5222e967-378e-42f4-b098-6c7daf362d16" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementAbstract_452ee484-9591-483c-b828-fc6ed0cac945" xlink:to="loc_us-gaap_EarningsPerShareDiluted_5222e967-378e-42f4-b098-6c7daf362d16" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS" xlink:type="simple" xlink:href="csr-20220331.xsd#CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVEINCOMELOSS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_b7bf6bec-0b3d-4f9f-acc2-ad32116ced68" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_17f67cd1-1ad7-44ac-888c-e67390278058" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_b7bf6bec-0b3d-4f9f-acc2-ad32116ced68" xlink:to="loc_us-gaap_ProfitLoss_17f67cd1-1ad7-44ac-888c-e67390278058" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_673388db-9f36-4a1b-a27d-3dc90fe0d2ef" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_b7bf6bec-0b3d-4f9f-acc2-ad32116ced68" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_673388db-9f36-4a1b-a27d-3dc90fe0d2ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_60cb1149-0615-4f6f-b4d3-13e499303620" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_673388db-9f36-4a1b-a27d-3dc90fe0d2ef" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax_60cb1149-0615-4f6f-b4d3-13e499303620" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_d2f25c75-feb1-45ed-b3e5-9125c9b516b1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_673388db-9f36-4a1b-a27d-3dc90fe0d2ef" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax_d2f25c75-feb1-45ed-b3e5-9125c9b516b1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_f89e57d5-6194-4b52-845f-6cd891e47a31" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract_673388db-9f36-4a1b-a27d-3dc90fe0d2ef" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_f89e57d5-6194-4b52-845f-6cd891e47a31" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_ComprehensiveIncomeAttributableToNoncontrollingInterestOperatingPartnershipAndPreferredUnitHolders_0f2e91f2-3cf9-4f06-befc-de69cff29726" xlink:href="csr-20220331.xsd#csr_ComprehensiveIncomeAttributableToNoncontrollingInterestOperatingPartnershipAndPreferredUnitHolders"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_b7bf6bec-0b3d-4f9f-acc2-ad32116ced68" xlink:to="loc_csr_ComprehensiveIncomeAttributableToNoncontrollingInterestOperatingPartnershipAndPreferredUnitHolders_0f2e91f2-3cf9-4f06-befc-de69cff29726" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable_1575b90b-8ed2-4ccd-a193-3f17ace0a53a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_b7bf6bec-0b3d-4f9f-acc2-ad32116ced68" xlink:to="loc_us-gaap_NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable_1575b90b-8ed2-4ccd-a193-3f17ace0a53a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_2e3bc8ba-4e33-48f9-b6a1-16b4b6234e99" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_b7bf6bec-0b3d-4f9f-acc2-ad32116ced68" xlink:to="loc_us-gaap_ComprehensiveIncomeNetOfTax_2e3bc8ba-4e33-48f9-b6a1-16b4b6234e99" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFEQUITY" xlink:type="simple" xlink:href="csr-20220331.xsd#CONDENSEDCONSOLIDATEDSTATEMENTSOFEQUITY"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFEQUITY" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_3174fbbb-5cfa-4017-bad8-3b3a4c345810" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_52cb3594-517b-4a73-8a95-98f2713eec4c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_3174fbbb-5cfa-4017-bad8-3b3a4c345810" xlink:to="loc_us-gaap_StatementTable_52cb3594-517b-4a73-8a95-98f2713eec4c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementEquityComponentsAxis_6af48de4-2dd7-460c-9895-ba416cbdc6e7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementEquityComponentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_52cb3594-517b-4a73-8a95-98f2713eec4c" xlink:to="loc_us-gaap_StatementEquityComponentsAxis_6af48de4-2dd7-460c-9895-ba416cbdc6e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityComponentDomain_81959e96-a32d-4bd7-a237-d0a083609bc7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EquityComponentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementEquityComponentsAxis_6af48de4-2dd7-460c-9895-ba416cbdc6e7" xlink:to="loc_us-gaap_EquityComponentDomain_81959e96-a32d-4bd7-a237-d0a083609bc7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockMember_ab43b48d-27eb-41a2-87e6-e75910f07270" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_81959e96-a32d-4bd7-a237-d0a083609bc7" xlink:to="loc_us-gaap_PreferredStockMember_ab43b48d-27eb-41a2-87e6-e75910f07270" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockMember_1b56c615-c3c6-4acf-8135-06ce05ecd7e7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_81959e96-a32d-4bd7-a237-d0a083609bc7" xlink:to="loc_us-gaap_CommonStockMember_1b56c615-c3c6-4acf-8135-06ce05ecd7e7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RetainedEarningsMember_57437423-eabd-479c-a82f-4a3c205e9699" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RetainedEarningsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_81959e96-a32d-4bd7-a237-d0a083609bc7" xlink:to="loc_us-gaap_RetainedEarningsMember_57437423-eabd-479c-a82f-4a3c205e9699" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_5446022c-9ece-48d1-b289-8ee392a71830" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_81959e96-a32d-4bd7-a237-d0a083609bc7" xlink:to="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_5446022c-9ece-48d1-b289-8ee392a71830" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestMember_5ba16b77-72a1-4c8b-91f6-472281ed440c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NoncontrollingInterestMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityComponentDomain_81959e96-a32d-4bd7-a237-d0a083609bc7" xlink:to="loc_us-gaap_NoncontrollingInterestMember_5ba16b77-72a1-4c8b-91f6-472281ed440c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_ce6be5e1-a21e-4adc-a676-13c8d099c9f7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_52cb3594-517b-4a73-8a95-98f2713eec4c" xlink:to="loc_us-gaap_StatementClassOfStockAxis_ce6be5e1-a21e-4adc-a676-13c8d099c9f7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_eca3a25f-6da6-40c8-98c9-7050da6842d3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_ce6be5e1-a21e-4adc-a676-13c8d099c9f7" xlink:to="loc_us-gaap_ClassOfStockDomain_eca3a25f-6da6-40c8-98c9-7050da6842d3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SeriesCPreferredStockMember_74e5b099-0186-432e-a6d5-0d9902be3bcd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SeriesCPreferredStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_eca3a25f-6da6-40c8-98c9-7050da6842d3" xlink:to="loc_us-gaap_SeriesCPreferredStockMember_74e5b099-0186-432e-a6d5-0d9902be3bcd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SeriesEPreferredStockMember_656fc509-63b4-4a1a-88a9-16526b989fef" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SeriesEPreferredStockMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_eca3a25f-6da6-40c8-98c9-7050da6842d3" xlink:to="loc_us-gaap_SeriesEPreferredStockMember_656fc509-63b4-4a1a-88a9-16526b989fef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_a5c8855b-1759-41c2-9d20-7588a1cb5b6d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_52cb3594-517b-4a73-8a95-98f2713eec4c" xlink:to="loc_us-gaap_StatementLineItems_a5c8855b-1759-41c2-9d20-7588a1cb5b6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_a5c8855b-1759-41c2-9d20-7588a1cb5b6d" xlink:to="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_00104a08-68ad-4e14-aeb0-80ff218eaac3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_00104a08-68ad-4e14-aeb0-80ff218eaac3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharesIssued_95f07344-8612-48e1-9e6d-2a2bcc24749e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SharesIssued"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_SharesIssued_95f07344-8612-48e1-9e6d-2a2bcc24749e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest_6ef809c6-c538-45fb-88fd-9e68a9787fce" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_IncomeLossIncludingPortionAttributableToNoncontrollingInterest_6ef809c6-c538-45fb-88fd-9e68a9787fce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_5b84c6fe-09f7-46e6-a175-def2249f1e90" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax_5b84c6fe-09f7-46e6-a175-def2249f1e90" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsCommonStock_152b5c79-d0cb-42a0-8ff3-aea952e92d5f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DividendsCommonStock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_DividendsCommonStock_152b5c79-d0cb-42a0-8ff3-aea952e92d5f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPreferredStock_79892189-db27-45d0-bdb1-064c53ecd80d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DividendsPreferredStock"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_DividendsPreferredStock_79892189-db27-45d0-bdb1-064c53ecd80d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_fdf1eccc-6aa7-449c-bbc7-6fd87d46f9e6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders_fdf1eccc-6aa7-449c-bbc7-6fd87d46f9e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_3d9d67e3-e28a-43f9-93c9-4bd7995ae3b4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_3d9d67e3-e28a-43f9-93c9-4bd7995ae3b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_c6e54de4-489e-400a-b0ad-3af6dc1ef803" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_c6e54de4-489e-400a-b0ad-3af6dc1ef803" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_ad560dc5-6ca8-4c6c-b55f-a93a6394bfc9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_StockIssuedDuringPeriodSharesNewIssues_ad560dc5-6ca8-4c6c-b55f-a93a6394bfc9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_b1f1edaa-ed03-409c-9850-5cee7ee04c46" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_b1f1edaa-ed03-409c-9850-5cee7ee04c46" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_6fb97cf6-ed9b-4018-a044-95705bfcd7c3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance_6fb97cf6-ed9b-4018-a044-95705bfcd7c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PartnersCapitalAccountUnitsRedeemed_30e4a1dd-0f3b-439a-918e-0fb8c261661d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PartnersCapitalAccountUnitsRedeemed"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_PartnersCapitalAccountUnitsRedeemed_30e4a1dd-0f3b-439a-918e-0fb8c261661d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PartnersCapitalAccountRedemptions_218ac49b-1eca-4a7e-9ccf-cbea657bcc7e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PartnersCapitalAccountRedemptions"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_PartnersCapitalAccountRedemptions_218ac49b-1eca-4a7e-9ccf-cbea657bcc7e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PartnersCapitalAccountCashRedemptions_830d3481-3658-498f-a520-bd0fac8b1b61" xlink:href="csr-20220331.xsd#csr_PartnersCapitalAccountCashRedemptions"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_csr_PartnersCapitalAccountCashRedemptions_830d3481-3658-498f-a520-bd0fac8b1b61" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TemporaryEquityIssuePeriodIncreaseOrDecrease_823e2d71-8fee-42a1-ad5f-33781f20d03f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_TemporaryEquityIssuePeriodIncreaseOrDecrease"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_TemporaryEquityIssuePeriodIncreaseOrDecrease_823e2d71-8fee-42a1-ad5f-33781f20d03f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation_a0e266fc-e6a6-4f6d-92c0-e5cd4ce5d34d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation_a0e266fc-e6a6-4f6d-92c0-e5cd4ce5d34d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityOther_81f3e739-c44d-4f5a-906c-8f9c0eaeb424" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquityOther"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_StockholdersEquityOther_81f3e739-c44d-4f5a-906c-8f9c0eaeb424" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_cdec4b1c-a847-4942-9f96-be5b7d11691f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_cdec4b1c-a847-4942-9f96-be5b7d11691f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharesIssued_d32509bd-bf44-401e-bc39-06ec8682744d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SharesIssued"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_9f13606f-0e9f-4b9a-855f-a2833f01dba3" xlink:to="loc_us-gaap_SharesIssued_d32509bd-bf44-401e-bc39-06ec8682744d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFEQUITYParenthetical" xlink:type="simple" xlink:href="csr-20220331.xsd#CONDENSEDCONSOLIDATEDSTATEMENTSOFEQUITYParenthetical"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFEQUITYParenthetical" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_e29112b3-3c10-46a4-8c1a-9265f3caa00e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementTable_ae56229e-9fa1-4abf-982d-d119eb2eeb95" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfStockholdersEquityAbstract_e29112b3-3c10-46a4-8c1a-9265f3caa00e" xlink:to="loc_us-gaap_StatementTable_ae56229e-9fa1-4abf-982d-d119eb2eeb95" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_5138bc5e-00a2-4abd-9dc6-148d86ccce45" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_ae56229e-9fa1-4abf-982d-d119eb2eeb95" xlink:to="loc_us-gaap_StatementClassOfStockAxis_5138bc5e-00a2-4abd-9dc6-148d86ccce45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_72d02423-3239-4a3b-8285-7c702026375c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_5138bc5e-00a2-4abd-9dc6-148d86ccce45" xlink:to="loc_us-gaap_ClassOfStockDomain_72d02423-3239-4a3b-8285-7c702026375c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SeriesCPreferredStockMember_0ecb0a48-c364-4a07-bda7-cf6a00d6feaf" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SeriesCPreferredStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_72d02423-3239-4a3b-8285-7c702026375c" xlink:to="loc_us-gaap_SeriesCPreferredStockMember_0ecb0a48-c364-4a07-bda7-cf6a00d6feaf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SeriesEPreferredStockMember_8aa51786-4bda-43fc-b278-360b96038fae" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SeriesEPreferredStockMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_72d02423-3239-4a3b-8285-7c702026375c" xlink:to="loc_us-gaap_SeriesEPreferredStockMember_8aa51786-4bda-43fc-b278-360b96038fae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementLineItems_5a200a32-bb16-4e9c-8591-17dfdd7c3b6d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementTable_ae56229e-9fa1-4abf-982d-d119eb2eeb95" xlink:to="loc_us-gaap_StatementLineItems_5a200a32-bb16-4e9c-8591-17dfdd7c3b6d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_84965c99-d06b-4625-a1ae-acb97ac9ba62" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5a200a32-bb16-4e9c-8591-17dfdd7c3b6d" xlink:to="loc_us-gaap_CommonStockDividendsPerShareDeclared_84965c99-d06b-4625-a1ae-acb97ac9ba62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockDividendsPerShareDeclared_48c8535d-0bf7-49a1-86e7-85a04b970929" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockDividendsPerShareDeclared"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementLineItems_5a200a32-bb16-4e9c-8591-17dfdd7c3b6d" xlink:to="loc_us-gaap_PreferredStockDividendsPerShareDeclared_48c8535d-0bf7-49a1-86e7-85a04b970929" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="simple" xlink:href="csr-20220331.xsd#CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/CONDENSEDCONSOLIDATEDSTATEMENTSOFCASHFLOWS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_7e6f572a-2778-43ae-b588-7a584a2d3277" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_87cb099c-ac4a-487c-baab-89129a88879d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_7e6f572a-2778-43ae-b588-7a584a2d3277" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_87cb099c-ac4a-487c-baab-89129a88879d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_da000f44-30b9-4d0a-93af-0216ca970c5b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_87cb099c-ac4a-487c-baab-89129a88879d" xlink:to="loc_us-gaap_ProfitLoss_da000f44-30b9-4d0a-93af-0216ca970c5b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_7a67bdf1-3351-492e-8708-14fc0d116d72" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_87cb099c-ac4a-487c-baab-89129a88879d" xlink:to="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_7a67bdf1-3351-492e-8708-14fc0d116d72" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationDepletionAndAmortization_63432635-96a4-4a15-9ea6-1eef85e207d2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_7a67bdf1-3351-492e-8708-14fc0d116d72" xlink:to="loc_us-gaap_DepreciationDepletionAndAmortization_63432635-96a4-4a15-9ea6-1eef85e207d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensation_318ea79f-1c99-435a-aacf-bb127af216be" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensation"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_7a67bdf1-3351-492e-8708-14fc0d116d72" xlink:to="loc_us-gaap_ShareBasedCompensation_318ea79f-1c99-435a-aacf-bb127af216be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_GainLossOnDerivativeTermination_b846a877-11cd-4d0b-a8f5-67656d836d52" xlink:href="csr-20220331.xsd#csr_GainLossOnDerivativeTermination"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_7a67bdf1-3351-492e-8708-14fc0d116d72" xlink:to="loc_csr_GainLossOnDerivativeTermination_b846a877-11cd-4d0b-a8f5-67656d836d52" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_ea35a297-c888-4489-b31d-01fc84f53cf9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherNoncashIncomeExpense"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_7a67bdf1-3351-492e-8708-14fc0d116d72" xlink:to="loc_us-gaap_OtherNoncashIncomeExpense_ea35a297-c888-4489-b31d-01fc84f53cf9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_9af48002-ea47-434d-b8af-dd6735add7a4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_7a67bdf1-3351-492e-8708-14fc0d116d72" xlink:to="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_9af48002-ea47-434d-b8af-dd6735add7a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_055f4722-b788-45b3-a4d3-ab1a8d7e6b77" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_9af48002-ea47-434d-b8af-dd6735add7a4" xlink:to="loc_us-gaap_IncreaseDecreaseInOtherOperatingAssets_055f4722-b788-45b3-a4d3-ab1a8d7e6b77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_b6d97c5c-1e12-4495-a4af-e9de1f1108e5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_9af48002-ea47-434d-b8af-dd6735add7a4" xlink:to="loc_us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities_b6d97c5c-1e12-4495-a4af-e9de1f1108e5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9e12b2ae-868a-4041-a4f3-4ff5ce709995" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_87cb099c-ac4a-487c-baab-89129a88879d" xlink:to="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_9e12b2ae-868a-4041-a4f3-4ff5ce709995" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74a8b6e5-2176-4c5c-9657-938bc19e0a6a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_7e6f572a-2778-43ae-b588-7a584a2d3277" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74a8b6e5-2176-4c5c-9657-938bc19e0a6a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireNotesReceivable_6c99a891-2a70-49f9-890b-62644b8ea426" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsToAcquireNotesReceivable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74a8b6e5-2176-4c5c-9657-938bc19e0a6a" xlink:to="loc_us-gaap_PaymentsToAcquireNotesReceivable_6c99a891-2a70-49f9-890b-62644b8ea426" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireResidentialRealEstate_1029c5d1-a43a-4daa-a928-fc331b83b2bb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsToAcquireResidentialRealEstate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74a8b6e5-2176-4c5c-9657-938bc19e0a6a" xlink:to="loc_us-gaap_PaymentsToAcquireResidentialRealEstate_1029c5d1-a43a-4daa-a928-fc331b83b2bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForCapitalImprovements_30d55b8f-40b2-4b56-b1e1-3d937ed4cf6f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsForCapitalImprovements"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74a8b6e5-2176-4c5c-9657-938bc19e0a6a" xlink:to="loc_us-gaap_PaymentsForCapitalImprovements_30d55b8f-40b2-4b56-b1e1-3d937ed4cf6f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_a9806a13-9643-4ff6-af76-079c2c1ab522" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74a8b6e5-2176-4c5c-9657-938bc19e0a6a" xlink:to="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_a9806a13-9643-4ff6-af76-079c2c1ab522" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_76e1254c-503f-484a-9eaa-bfa608cf7455" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_74a8b6e5-2176-4c5c-9657-938bc19e0a6a" xlink:to="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_76e1254c-503f-484a-9eaa-bfa608cf7455" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_7e6f572a-2778-43ae-b588-7a584a2d3277" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfNotesPayable_d724e74a-9ca1-42e6-8d46-a7d9b5e2ed20" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RepaymentsOfNotesPayable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_us-gaap_RepaymentsOfNotesPayable_d724e74a-9ca1-42e6-8d46-a7d9b5e2ed20" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromLinesOfCredit_5d5dd84b-93e7-4c20-b477-dabe172d5713" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ProceedsFromLinesOfCredit"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_us-gaap_ProceedsFromLinesOfCredit_5d5dd84b-93e7-4c20-b477-dabe172d5713" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RepaymentsOfLinesOfCredit_b919d028-5a08-4804-9b4e-d336becb1d37" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RepaymentsOfLinesOfCredit"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_us-gaap_RepaymentsOfLinesOfCredit_b919d028-5a08-4804-9b4e-d336becb1d37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromUnsecuredNotesPayable_f74dfb02-f43b-442b-acba-c81620a8b9e6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ProceedsFromUnsecuredNotesPayable"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_us-gaap_ProceedsFromUnsecuredNotesPayable_f74dfb02-f43b-442b-acba-c81620a8b9e6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PaymentsForTerminationOfDerivative_a4c74144-792b-42d9-a8ea-da406790ab73" xlink:href="csr-20220331.xsd#csr_PaymentsForTerminationOfDerivative"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_csr_PaymentsForTerminationOfDerivative_a4c74144-792b-42d9-a8ea-da406790ab73" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_9404d492-e3a3-4d4b-b1b2-e4e145cd6207" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_us-gaap_ProceedsFromIssuanceOfCommonStock_9404d492-e3a3-4d4b-b1b2-e4e145cd6207" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_9af76512-1a45-453f-ad20-92fa5bffc75e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_us-gaap_PaymentsForRepurchaseOfRedeemableNoncontrollingInterest_9af76512-1a45-453f-ad20-92fa5bffc75e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividendsCommonStock_9d2122b9-94c6-4813-8ad6-2384a3251fb8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_us-gaap_PaymentsOfDividendsCommonStock_9d2122b9-94c6-4813-8ad6-2384a3251fb8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_472397db-1586-45f6-ba48-8f8a3451eee0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock_472397db-1586-45f6-ba48-8f8a3451eee0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PaymentsOfOrdinaryDividendsPreferredUnitholders_a82d1ca0-20f1-4503-8c32-16fe68bfe4f0" xlink:href="csr-20220331.xsd#csr_PaymentsOfOrdinaryDividendsPreferredUnitholders"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_csr_PaymentsOfOrdinaryDividendsPreferredUnitholders_a82d1ca0-20f1-4503-8c32-16fe68bfe4f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsOfDistributionsToAffiliates_445ddbf7-a155-4639-8a39-9efd8b70d12e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsOfDistributionsToAffiliates"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_us-gaap_PaymentsOfDistributionsToAffiliates_445ddbf7-a155-4639-8a39-9efd8b70d12e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_d1e73fdc-3dc1-4f49-9cd5-51849140d189" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_d1e73fdc-3dc1-4f49-9cd5-51849140d189" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_efdfc49f-bcef-4a9e-aa7f-8465af00bc0b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3c17af2c-c843-45f6-a4db-9103f41969f6" xlink:to="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_efdfc49f-bcef-4a9e-aa7f-8465af00bc0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_0c28a947-ad1d-46c4-8391-a4220032c11a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_7e6f572a-2778-43ae-b588-7a584a2d3277" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_0c28a947-ad1d-46c4-8391-a4220032c11a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_854a2300-3eaf-412e-a0dc-d738acabb947" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_7e6f572a-2778-43ae-b588-7a584a2d3277" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_854a2300-3eaf-412e-a0dc-d738acabb947" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodStartLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_16024bbe-0475-48da-bf5b-a15ec0a91c8c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_7e6f572a-2778-43ae-b588-7a584a2d3277" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_16024bbe-0475-48da-bf5b-a15ec0a91c8c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/periodEndLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_cbbe245a-070b-4ee8-b88d-20dda6276afc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_7e6f572a-2778-43ae-b588-7a584a2d3277" xlink:to="loc_us-gaap_SupplementalCashFlowInformationAbstract_cbbe245a-070b-4ee8-b88d-20dda6276afc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_AdjustmentsToAccountsPayableIncludedWithinRealEstateInvestments_4bb4d0f9-3c54-4cf2-b279-af40865e4921" xlink:href="csr-20220331.xsd#csr_AdjustmentsToAccountsPayableIncludedWithinRealEstateInvestments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_cbbe245a-070b-4ee8-b88d-20dda6276afc" xlink:to="loc_csr_AdjustmentsToAccountsPayableIncludedWithinRealEstateInvestments_4bb4d0f9-3c54-4cf2-b279-af40865e4921" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConversionOfStockAmountConverted1_a8ad9555-c948-4ab2-990e-0e6c79fc9df5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConversionOfStockAmountConverted1"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_cbbe245a-070b-4ee8-b88d-20dda6276afc" xlink:to="loc_us-gaap_ConversionOfStockAmountConverted1_a8ad9555-c948-4ab2-990e-0e6c79fc9df5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_7ed06a1d-e4fa-4924-9905-b6f3aecc1175" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DividendsPayableCurrentAndNoncurrent"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_cbbe245a-070b-4ee8-b88d-20dda6276afc" xlink:to="loc_us-gaap_DividendsPayableCurrentAndNoncurrent_7ed06a1d-e4fa-4924-9905-b6f3aecc1175" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NoncashOrPartNoncashTransactionRetirementOfSharesWithheldForTaxes_a1aa495a-5027-4ba3-94d6-237fa0eaf592" xlink:href="csr-20220331.xsd#csr_NoncashOrPartNoncashTransactionRetirementOfSharesWithheldForTaxes"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_cbbe245a-070b-4ee8-b88d-20dda6276afc" xlink:to="loc_csr_NoncashOrPartNoncashTransactionRetirementOfSharesWithheldForTaxes_a1aa495a-5027-4ba3-94d6-237fa0eaf592" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_7b614839-7cda-47c5-ba77-3bd247e6150b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_cbbe245a-070b-4ee8-b88d-20dda6276afc" xlink:to="loc_us-gaap_NoncashOrPartNoncashAcquisitionDebtAssumed1_7b614839-7cda-47c5-ba77-3bd247e6150b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_FairValueAdjustmentDebt_b1fab3e8-dd11-4d4d-a5d6-b3daab3bcadb" xlink:href="csr-20220331.xsd#csr_FairValueAdjustmentDebt"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_cbbe245a-070b-4ee8-b88d-20dda6276afc" xlink:to="loc_csr_FairValueAdjustmentDebt_b1fab3e8-dd11-4d4d-a5d6-b3daab3bcadb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NoncashorPartNoncashAcquisitionWriteOffOfReceivableInExchangeForProperty_20c09b40-8189-4c93-8405-da3a8581abea" xlink:href="csr-20220331.xsd#csr_NoncashorPartNoncashAcquisitionWriteOffOfReceivableInExchangeForProperty"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_cbbe245a-070b-4ee8-b88d-20dda6276afc" xlink:to="loc_csr_NoncashorPartNoncashAcquisitionWriteOffOfReceivableInExchangeForProperty_20c09b40-8189-4c93-8405-da3a8581abea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssued1_e9281c15-445a-4648-849f-89eea3c258a9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockIssued1"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_cbbe245a-070b-4ee8-b88d-20dda6276afc" xlink:to="loc_us-gaap_StockIssued1_e9281c15-445a-4648-849f-89eea3c258a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_SupplementalDisclosureOfCashFlowInformationAbstract_447e75a7-f155-4448-8211-b7f48c4967bd" xlink:href="csr-20220331.xsd#csr_SupplementalDisclosureOfCashFlowInformationAbstract"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_7e6f572a-2778-43ae-b588-7a584a2d3277" xlink:to="loc_csr_SupplementalDisclosureOfCashFlowInformationAbstract_447e75a7-f155-4448-8211-b7f48c4967bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestPaidNet_a2239d4f-8b07-410d-bead-a7947ef8a903" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InterestPaidNet"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_SupplementalDisclosureOfCashFlowInformationAbstract_447e75a7-f155-4448-8211-b7f48c4967bd" xlink:to="loc_us-gaap_InterestPaidNet_a2239d4f-8b07-410d-bead-a7947ef8a903" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_1184e38a-e0a5-4cac-8fb1-a7f8fca9df43" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_SupplementalDisclosureOfCashFlowInformationAbstract_447e75a7-f155-4448-8211-b7f48c4967bd" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_1184e38a-e0a5-4cac-8fb1-a7f8fca9df43" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_596c6c36-18d1-49c1-8e40-363d375c03eb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_SupplementalDisclosureOfCashFlowInformationAbstract_447e75a7-f155-4448-8211-b7f48c4967bd" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_596c6c36-18d1-49c1-8e40-363d375c03eb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_88e8dd51-ce36-46e2-9c7d-68a57b89d4e0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_SupplementalDisclosureOfCashFlowInformationAbstract_447e75a7-f155-4448-8211-b7f48c4967bd" xlink:to="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_88e8dd51-ce36-46e2-9c7d-68a57b89d4e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/ORGANIZATION" xlink:type="simple" xlink:href="csr-20220331.xsd#ORGANIZATION"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/ORGANIZATION" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_d5dde893-8f4f-4b24-81e3-fc13cb5b7d4e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_301ef899-1f53-4a20-b544-614e13766702" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_d5dde893-8f4f-4b24-81e3-fc13cb5b7d4e" xlink:to="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_301ef899-1f53-4a20-b544-614e13766702" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/ORGANIZATIONDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#ORGANIZATIONDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/ORGANIZATIONDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_049b4b90-f7e3-4a8e-8c1a-7fa558b7c750" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_88a48e29-3849-49a2-a88d-e8c79d783fff" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfRealEstatePropertiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_049b4b90-f7e3-4a8e-8c1a-7fa558b7c750" xlink:to="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_88a48e29-3849-49a2-a88d-e8c79d783fff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstatePropertiesAxis_5f7d0169-7f27-4266-bfef-4d51e2d86be8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstatePropertiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_88a48e29-3849-49a2-a88d-e8c79d783fff" xlink:to="loc_us-gaap_RealEstatePropertiesAxis_5f7d0169-7f27-4266-bfef-4d51e2d86be8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstatePropertiesDomain_2c746f6b-af34-4260-9555-0436922cf200" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstatePropertiesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesAxis_5f7d0169-7f27-4266-bfef-4d51e2d86be8" xlink:to="loc_us-gaap_RealEstatePropertiesDomain_2c746f6b-af34-4260-9555-0436922cf200" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ResidentialRealEstateMember_4c3f2bff-84c7-4c86-b62d-118e62f8b5f6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ResidentialRealEstateMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesDomain_2c746f6b-af34-4260-9555-0436922cf200" xlink:to="loc_us-gaap_ResidentialRealEstateMember_4c3f2bff-84c7-4c86-b62d-118e62f8b5f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstatePropertiesLineItems_9fc43c73-9202-4f78-a986-b208ddafc853" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstatePropertiesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_88a48e29-3849-49a2-a88d-e8c79d783fff" xlink:to="loc_us-gaap_RealEstatePropertiesLineItems_9fc43c73-9202-4f78-a986-b208ddafc853" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_1badf995-3dca-4ee5-b022-70ed7b532317" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NumberOfRealEstateProperties"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesLineItems_9fc43c73-9202-4f78-a986-b208ddafc853" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_1badf995-3dca-4ee5-b022-70ed7b532317" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfUnitsInRealEstateProperty_c1ec897d-6699-4815-bf77-b75876709cfc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NumberOfUnitsInRealEstateProperty"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesLineItems_9fc43c73-9202-4f78-a986-b208ddafc853" xlink:to="loc_us-gaap_NumberOfUnitsInRealEstateProperty_c1ec897d-6699-4815-bf77-b75876709cfc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIES" xlink:type="simple" xlink:href="csr-20220331.xsd#BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIES"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIES" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_79a382d8-31ce-4ae3-be39-bc260bb3c98e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SignificantAccountingPoliciesTextBlock_14c047ca-b632-42e9-bfe3-4d25b9f5bd60" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SignificantAccountingPoliciesTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_79a382d8-31ce-4ae3-be39-bc260bb3c98e" xlink:to="loc_us-gaap_SignificantAccountingPoliciesTextBlock_14c047ca-b632-42e9-bfe3-4d25b9f5bd60" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESPolicies" xlink:type="simple" xlink:href="csr-20220331.xsd#BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESPolicies"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESPolicies" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_4cd49380-0088-4bff-9b9f-29543449e3fd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_6c7c4aec-fc0e-4157-a57b-962e25feb4f0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_4cd49380-0088-4bff-9b9f-29543449e3fd" xlink:to="loc_us-gaap_ConsolidationPolicyTextBlock_6c7c4aec-fc0e-4157-a57b-962e25feb4f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_6adbbe11-a039-4bd1-bd1b-5af1412b315b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BasisOfAccountingPolicyPolicyTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_4cd49380-0088-4bff-9b9f-29543449e3fd" xlink:to="loc_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_6adbbe11-a039-4bd1-bd1b-5af1412b315b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UseOfEstimates_e5c271b1-ef3b-47a3-8279-05d5a97ca3c1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_UseOfEstimates"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_4cd49380-0088-4bff-9b9f-29543449e3fd" xlink:to="loc_us-gaap_UseOfEstimates_e5c271b1-ef3b-47a3-8279-05d5a97ca3c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsPolicyTextBlock_161d4ec4-0e0d-4762-9ef7-5539a91a1032" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_4cd49380-0088-4bff-9b9f-29543449e3fd" xlink:to="loc_us-gaap_CashAndCashEquivalentsPolicyTextBlock_161d4ec4-0e0d-4762-9ef7-5539a91a1032" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorLeasesPolicyTextBlock_f52ad7c5-c6a0-4f82-ba21-f1dc8dfa8fee" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorLeasesPolicyTextBlock"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_4cd49380-0088-4bff-9b9f-29543449e3fd" xlink:to="loc_us-gaap_LessorLeasesPolicyTextBlock_f52ad7c5-c6a0-4f82-ba21-f1dc8dfa8fee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerPolicyTextBlock_df71b165-5e2a-46a8-90d6-c34ed4a24587" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RevenueFromContractWithCustomerPolicyTextBlock"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_4cd49380-0088-4bff-9b9f-29543449e3fd" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerPolicyTextBlock_df71b165-5e2a-46a8-90d6-c34ed4a24587" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_f81dab3d-b527-42c9-a94f-948a31cfae36" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_4cd49380-0088-4bff-9b9f-29543449e3fd" xlink:to="loc_us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_f81dab3d-b527-42c9-a94f-948a31cfae36" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConsolidationVariableInterestEntityPolicy_d2a1e81c-e049-470b-b868-5d27ead03d66" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConsolidationVariableInterestEntityPolicy"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_4cd49380-0088-4bff-9b9f-29543449e3fd" xlink:to="loc_us-gaap_ConsolidationVariableInterestEntityPolicy_d2a1e81c-e049-470b-b868-5d27ead03d66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESTables" xlink:type="simple" xlink:href="csr-20220331.xsd#BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESTables"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_de912e51-67cd-4849-a8ef-d49bda6bfe12" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_36714781-d827-48e3-ba78-60ea95f71ee3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_de912e51-67cd-4849-a8ef-d49bda6bfe12" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock_36714781-d827-48e3-ba78-60ea95f71ee3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisaggregationOfRevenueTableTextBlock_627ad652-00e9-441d-a8ff-5ca0256bcdab" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisaggregationOfRevenueTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_de912e51-67cd-4849-a8ef-d49bda6bfe12" xlink:to="loc_us-gaap_DisaggregationOfRevenueTableTextBlock_627ad652-00e9-441d-a8ff-5ca0256bcdab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESLeasesDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESLeasesDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESLeasesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_1b078876-ff1e-4acd-9915-0d75e8ad931c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorLeaseDescriptionTable_ff80df8d-326e-4f58-af9b-0414838a1fba" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorLeaseDescriptionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_1b078876-ff1e-4acd-9915-0d75e8ad931c" xlink:to="loc_us-gaap_LessorLeaseDescriptionTable_ff80df8d-326e-4f58-af9b-0414838a1fba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductOrServiceAxis_533ffe0a-1fa1-4213-a45c-c23eaaee9804" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_ProductOrServiceAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_ff80df8d-326e-4f58-af9b-0414838a1fba" xlink:to="loc_srt_ProductOrServiceAxis_533ffe0a-1fa1-4213-a45c-c23eaaee9804" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ProductsAndServicesDomain_93638999-45c6-4853-a9b7-94cb5a5bce80" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_ProductsAndServicesDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductOrServiceAxis_533ffe0a-1fa1-4213-a45c-c23eaaee9804" xlink:to="loc_srt_ProductsAndServicesDomain_93638999-45c6-4853-a9b7-94cb5a5bce80" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_RentalIncomeMember_f52e9e9b-09b0-49f9-b49a-5ba7b4babbf2" xlink:href="csr-20220331.xsd#csr_RentalIncomeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_93638999-45c6-4853-a9b7-94cb5a5bce80" xlink:to="loc_csr_RentalIncomeMember_f52e9e9b-09b0-49f9-b49a-5ba7b4babbf2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_FeeIncomeMember_5ca5f7e3-abf0-4818-8c7b-6915bf240579" xlink:href="csr-20220331.xsd#csr_FeeIncomeMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ProductsAndServicesDomain_93638999-45c6-4853-a9b7-94cb5a5bce80" xlink:to="loc_csr_FeeIncomeMember_5ca5f7e3-abf0-4818-8c7b-6915bf240579" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConcentrationRiskByBenchmarkAxis_63aded3d-d76a-45cf-b3f2-a61f8fb9e6df" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConcentrationRiskByBenchmarkAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_ff80df8d-326e-4f58-af9b-0414838a1fba" xlink:to="loc_us-gaap_ConcentrationRiskByBenchmarkAxis_63aded3d-d76a-45cf-b3f2-a61f8fb9e6df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConcentrationRiskBenchmarkDomain_51ba56d4-ee65-42ce-9df0-d16b5a6e86d0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConcentrationRiskBenchmarkDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConcentrationRiskByBenchmarkAxis_63aded3d-d76a-45cf-b3f2-a61f8fb9e6df" xlink:to="loc_us-gaap_ConcentrationRiskBenchmarkDomain_51ba56d4-ee65-42ce-9df0-d16b5a6e86d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SalesRevenueNetMember_428fcd5f-6ba4-4c94-a7db-b579e4d55183" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SalesRevenueNetMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConcentrationRiskBenchmarkDomain_51ba56d4-ee65-42ce-9df0-d16b5a6e86d0" xlink:to="loc_us-gaap_SalesRevenueNetMember_428fcd5f-6ba4-4c94-a7db-b579e4d55183" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConcentrationRiskByTypeAxis_ea0a6c6c-6dca-4ecf-aecb-7c2b7f6c54c4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConcentrationRiskByTypeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_ff80df8d-326e-4f58-af9b-0414838a1fba" xlink:to="loc_us-gaap_ConcentrationRiskByTypeAxis_ea0a6c6c-6dca-4ecf-aecb-7c2b7f6c54c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConcentrationRiskTypeDomain_01c7039a-b1b4-4eb9-ab1d-93a2f1c28bf8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConcentrationRiskTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConcentrationRiskByTypeAxis_ea0a6c6c-6dca-4ecf-aecb-7c2b7f6c54c4" xlink:to="loc_us-gaap_ConcentrationRiskTypeDomain_01c7039a-b1b4-4eb9-ab1d-93a2f1c28bf8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProductConcentrationRiskMember_6ed745f2-9be6-48ba-8140-73a087a1c0e8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ProductConcentrationRiskMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConcentrationRiskTypeDomain_01c7039a-b1b4-4eb9-ab1d-93a2f1c28bf8" xlink:to="loc_us-gaap_ProductConcentrationRiskMember_6ed745f2-9be6-48ba-8140-73a087a1c0e8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_e12b35b4-06c7-471a-837a-8cae9f0a0f5e" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_ff80df8d-326e-4f58-af9b-0414838a1fba" xlink:to="loc_srt_RangeAxis_e12b35b4-06c7-471a-837a-8cae9f0a0f5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_df38f041-96c3-4ba5-b42d-487669516bd5" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_e12b35b4-06c7-471a-837a-8cae9f0a0f5e" xlink:to="loc_srt_RangeMember_df38f041-96c3-4ba5-b42d-487669516bd5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_d649fd8a-d00e-4e0d-9a56-53ca347301a4" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_df38f041-96c3-4ba5-b42d-487669516bd5" xlink:to="loc_srt_MinimumMember_d649fd8a-d00e-4e0d-9a56-53ca347301a4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_71cba116-a515-46f7-aa1c-f86338f6d035" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_df38f041-96c3-4ba5-b42d-487669516bd5" xlink:to="loc_srt_MaximumMember_71cba116-a515-46f7-aa1c-f86338f6d035" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorLeaseDescriptionLineItems_ae31a039-3ed7-4e55-972b-bea296c48f7f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorLeaseDescriptionLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionTable_ff80df8d-326e-4f58-af9b-0414838a1fba" xlink:to="loc_us-gaap_LessorLeaseDescriptionLineItems_ae31a039-3ed7-4e55-972b-bea296c48f7f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConcentrationRiskPercentage1_85962a9a-d98e-4600-b065-63c147cb5e3c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConcentrationRiskPercentage1"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_ae31a039-3ed7-4e55-972b-bea296c48f7f" xlink:to="loc_us-gaap_ConcentrationRiskPercentage1_85962a9a-d98e-4600-b065-63c147cb5e3c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeaseTermOfContract_edc6b177-fffa-4174-8a32-75370e8ea935" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorOperatingLeaseTermOfContract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorLeaseDescriptionLineItems_ae31a039-3ed7-4e55-972b-bea296c48f7f" xlink:to="loc_us-gaap_LessorOperatingLeaseTermOfContract_edc6b177-fffa-4174-8a32-75370e8ea935" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeasesLeaseIncomeAbstract_cdeddfcb-6a17-4084-994b-87e51b8a70ee" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingLeasesLeaseIncomeAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_1b078876-ff1e-4acd-9915-0d75e8ad931c" xlink:to="loc_us-gaap_OperatingLeasesLeaseIncomeAbstract_cdeddfcb-6a17-4084-994b-87e51b8a70ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsFiscalYearMaturityAbstract_4adf1327-45c2-4054-984c-f4e9f0321eff" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsFiscalYearMaturityAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_OperatingLeasesLeaseIncomeAbstract_cdeddfcb-6a17-4084-994b-87e51b8a70ee" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsFiscalYearMaturityAbstract_4adf1327-45c2-4054-984c-f4e9f0321eff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_951983f3-0910-460b-9ad2-c321c882a8e0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsFiscalYearMaturityAbstract_4adf1327-45c2-4054-984c-f4e9f0321eff" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear_951983f3-0910-460b-9ad2-c321c882a8e0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_db515049-e342-4c3b-be27-c3e6224b4294" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsFiscalYearMaturityAbstract_4adf1327-45c2-4054-984c-f4e9f0321eff" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths_db515049-e342-4c3b-be27-c3e6224b4294" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_b3b7b7c6-2f9b-48c1-9df8-f01406ad8e71" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsFiscalYearMaturityAbstract_4adf1327-45c2-4054-984c-f4e9f0321eff" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedTwoYears_b3b7b7c6-2f9b-48c1-9df8-f01406ad8e71" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_f111264c-f3ce-47d1-8e12-a6f1e4350802" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsFiscalYearMaturityAbstract_4adf1327-45c2-4054-984c-f4e9f0321eff" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedThreeYears_f111264c-f3ce-47d1-8e12-a6f1e4350802" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_9aa0cdcb-1c01-4027-9a5c-0f5c3ebeeb05" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsFiscalYearMaturityAbstract_4adf1327-45c2-4054-984c-f4e9f0321eff" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceivedFourYears_9aa0cdcb-1c01-4027-9a5c-0f5c3ebeeb05" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_LessorOperatingLeasePaymentToBeReceivedAfterYearFour_a8b62ecb-5f9b-4eca-aff2-32f8ba884672" xlink:href="csr-20220331.xsd#csr_LessorOperatingLeasePaymentToBeReceivedAfterYearFour"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsFiscalYearMaturityAbstract_4adf1327-45c2-4054-984c-f4e9f0321eff" xlink:to="loc_csr_LessorOperatingLeasePaymentToBeReceivedAfterYearFour_a8b62ecb-5f9b-4eca-aff2-32f8ba884672" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_504c74a3-5489-40cc-bd1a-bee6eed03b98" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LessorOperatingLeasePaymentsToBeReceived"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LessorOperatingLeasePaymentsFiscalYearMaturityAbstract_4adf1327-45c2-4054-984c-f4e9f0321eff" xlink:to="loc_us-gaap_LessorOperatingLeasePaymentsToBeReceived_504c74a3-5489-40cc-bd1a-bee6eed03b98" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESRevenueDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESRevenueDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESRevenueDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_8bd515b7-b341-4c18-8093-627516264910" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OperatingLeaseLeaseIncomeLeasePayments_cdca776b-925e-46f1-9c57-f3571c33d73c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OperatingLeaseLeaseIncomeLeasePayments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_8bd515b7-b341-4c18-8093-627516264910" xlink:to="loc_us-gaap_OperatingLeaseLeaseIncomeLeasePayments_cdca776b-925e-46f1-9c57-f3571c33d73c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableLeaseIncome_4dd2e0ee-0af2-492c-a60c-c330858f96f6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_VariableLeaseIncome"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_8bd515b7-b341-4c18-8093-627516264910" xlink:to="loc_us-gaap_VariableLeaseIncome_4dd2e0ee-0af2-492c-a60c-c330858f96f6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_fc9f6865-ea95-44c0-82c3-a7ac56318616" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_8bd515b7-b341-4c18-8093-627516264910" xlink:to="loc_us-gaap_RevenueFromContractWithCustomerExcludingAssessedTax_fc9f6865-ea95-44c0-82c3-a7ac56318616" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_0e009186-efe6-4028-9fb2-be0dac816d25" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_Revenues"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_8bd515b7-b341-4c18-8093-627516264910" xlink:to="loc_us-gaap_Revenues_0e009186-efe6-4028-9fb2-be0dac816d25" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESImpairmentofLongLivedAssetsDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESImpairmentofLongLivedAssetsDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESImpairmentofLongLivedAssetsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_0f81ec8c-f62d-4218-8259-2cf172b1930e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ImpairmentOfRealEstate_9df3646c-17c9-4ce8-8595-42d970eb396a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ImpairmentOfRealEstate"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_0f81ec8c-f62d-4218-8259-2cf172b1930e" xlink:to="loc_us-gaap_ImpairmentOfRealEstate_9df3646c-17c9-4ce8-8595-42d970eb396a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESMortgageReceivableandNotesReceivableDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESMortgageReceivableandNotesReceivableDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/BASISOFPRESENTATIONANDSIGNIFICANTACCOUNTINGPOLICIESMortgageReceivableandNotesReceivableDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountingPoliciesAbstract_82eb7b3d-fff6-4d29-b6d6-dfc6dde22736" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_034a4253-acf2-4882-91b4-794c35aaecf6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfRealEstatePropertiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AccountingPoliciesAbstract_82eb7b3d-fff6-4d29-b6d6-dfc6dde22736" xlink:to="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_034a4253-acf2-4882-91b4-794c35aaecf6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_1d534be7-e8ca-42d1-802c-39398fda4f01" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_034a4253-acf2-4882-91b4-794c35aaecf6" xlink:to="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_1d534be7-e8ca-42d1-802c-39398fda4f01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_6fa2e050-1a25-40f8-a86a-833a89358d45" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MortgageLoansOnRealEstateNamePropertyTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_1d534be7-e8ca-42d1-802c-39398fda4f01" xlink:to="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_6fa2e050-1a25-40f8-a86a-833a89358d45" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_MultiFamilySameStoreMember_687ffa6f-774b-4734-8dd6-46f6b00809bd" xlink:href="csr-20220331.xsd#csr_MultiFamilySameStoreMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_6fa2e050-1a25-40f8-a86a-833a89358d45" xlink:to="loc_csr_MultiFamilySameStoreMember_687ffa6f-774b-4734-8dd6-46f6b00809bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_MultiFamilyResidentialMember_73acc00a-964a-40dc-a54e-8babb0ea2354" xlink:href="csr-20220331.xsd#csr_MultiFamilyResidentialMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_6fa2e050-1a25-40f8-a86a-833a89358d45" xlink:to="loc_csr_MultiFamilyResidentialMember_73acc00a-964a-40dc-a54e-8babb0ea2354" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_b1e2bb71-957b-4028-ae18-afb3e33cec0e" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_034a4253-acf2-4882-91b4-794c35aaecf6" xlink:to="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_b1e2bb71-957b-4028-ae18-afb3e33cec0e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_5f777937-6377-4e0c-bd67-2ca88262643b" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationDescriptionOfPropertyAxis_b1e2bb71-957b-4028-ae18-afb3e33cec0e" xlink:to="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_5f777937-6377-4e0c-bd67-2ca88262643b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_IronwoodApartmentsNewHopeMNMember_f5567314-b6e8-4ecd-9d4a-cbc22243d48b" xlink:href="csr-20220331.xsd#csr_IronwoodApartmentsNewHopeMNMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_5f777937-6377-4e0c-bd67-2ca88262643b" xlink:to="loc_csr_IronwoodApartmentsNewHopeMNMember_f5567314-b6e8-4ecd-9d4a-cbc22243d48b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_MinneapolisMinnesotaMember_9207164a-f42c-4669-be44-2e8a44f10ef6" xlink:href="csr-20220331.xsd#csr_MinneapolisMinnesotaMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RealEstateAndAccumulatedDepreciationNameOfPropertyDomain_5f777937-6377-4e0c-bd67-2ca88262643b" xlink:to="loc_csr_MinneapolisMinnesotaMember_9207164a-f42c-4669-be44-2e8a44f10ef6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_ebf80acb-3c7b-4a2b-b369-69cdcece9a74" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_034a4253-acf2-4882-91b4-794c35aaecf6" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_ebf80acb-3c7b-4a2b-b369-69cdcece9a74" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_fe44903b-bbc6-45f8-8b20-8f3ffab35cc0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis_ebf80acb-3c7b-4a2b-b369-69cdcece9a74" xlink:to="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_fe44903b-bbc6-45f8-8b20-8f3ffab35cc0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_TaxIncrementFinancingMember_0c49f9d0-bd03-4ffa-9d99-ef2924601bd6" xlink:href="csr-20220331.xsd#csr_TaxIncrementFinancingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_fe44903b-bbc6-45f8-8b20-8f3ffab35cc0" xlink:to="loc_csr_TaxIncrementFinancingMember_0c49f9d0-bd03-4ffa-9d99-ef2924601bd6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConstructionLoansMember_4aa3fab5-be70-4b17-aead-f32aabb11904" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConstructionLoansMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_fe44903b-bbc6-45f8-8b20-8f3ffab35cc0" xlink:to="loc_us-gaap_ConstructionLoansMember_4aa3fab5-be70-4b17-aead-f32aabb11904" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_MezzanineLoanMember_ff2f234f-ca4a-4a7a-b5af-2ad84d76051f" xlink:href="csr-20220331.xsd#csr_MezzanineLoanMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancingReceivableRecordedInvestmentClassOfFinancingReceivableDomain_fe44903b-bbc6-45f8-8b20-8f3ffab35cc0" xlink:to="loc_csr_MezzanineLoanMember_ff2f234f-ca4a-4a7a-b5af-2ad84d76051f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstatePropertiesLineItems_8aa3ce76-e69b-4ab8-a70b-aa0e295fd1ca" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstatePropertiesLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_034a4253-acf2-4882-91b4-794c35aaecf6" xlink:to="loc_us-gaap_RealEstatePropertiesLineItems_8aa3ce76-e69b-4ab8-a70b-aa0e295fd1ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableNetAbstract_6a1adbbe-0ffe-4ef8-a884-67a23c14240c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NotesReceivableNetAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesLineItems_8aa3ce76-e69b-4ab8-a70b-aa0e295fd1ca" xlink:to="loc_us-gaap_NotesReceivableNetAbstract_6a1adbbe-0ffe-4ef8-a884-67a23c14240c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancingReceivableLoanInProcess_a7c64e05-ee11-44f3-8c4f-9eeff7540fe1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FinancingReceivableLoanInProcess"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NotesReceivableNetAbstract_6a1adbbe-0ffe-4ef8-a884-67a23c14240c" xlink:to="loc_us-gaap_FinancingReceivableLoanInProcess_a7c64e05-ee11-44f3-8c4f-9eeff7540fe1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateInterestRate_390bbca1-630d-4b03-a2d0-4d3fe97322cb" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MortgageLoansOnRealEstateInterestRate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NotesReceivableNetAbstract_6a1adbbe-0ffe-4ef8-a884-67a23c14240c" xlink:to="loc_srt_MortgageLoansOnRealEstateInterestRate_390bbca1-630d-4b03-a2d0-4d3fe97322cb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableGross_43e433a9-eed8-4e2d-8f6e-8a96c86ea533" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NotesReceivableGross"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NotesReceivableNetAbstract_6a1adbbe-0ffe-4ef8-a884-67a23c14240c" xlink:to="loc_us-gaap_NotesReceivableGross_43e433a9-eed8-4e2d-8f6e-8a96c86ea533" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/EARNINGSPERSHARE" xlink:type="simple" xlink:href="csr-20220331.xsd#EARNINGSPERSHARE"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/EARNINGSPERSHARE" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_494e44ec-5680-4dc4-8ad7-7da1e5bb1365" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareTextBlock_3c3baa10-ce86-4c6f-af6e-80d2d4c4856d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_494e44ec-5680-4dc4-8ad7-7da1e5bb1365" xlink:to="loc_us-gaap_EarningsPerShareTextBlock_3c3baa10-ce86-4c6f-af6e-80d2d4c4856d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/EARNINGSPERSHARETables" xlink:type="simple" xlink:href="csr-20220331.xsd#EARNINGSPERSHARETables"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/EARNINGSPERSHARETables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_2743dcb4-e161-4c41-a6f7-aad623abe15d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_5ebcaa8c-a068-4b32-93bd-849b28c928ba" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_2743dcb4-e161-4c41-a6f7-aad623abe15d" xlink:to="loc_us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_5ebcaa8c-a068-4b32-93bd-849b28c928ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/EARNINGSPERSHARENarrativeDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#EARNINGSPERSHARENarrativeDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/EARNINGSPERSHARENarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_782e6c11-1e37-4afd-b706-a6273a2ca848" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_8d3c90e5-9881-4881-9f7c-c8f8f6b9fc84" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_782e6c11-1e37-4afd-b706-a6273a2ca848" xlink:to="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_8d3c90e5-9881-4881-9f7c-c8f8f6b9fc84" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_3132b313-b73f-4440-b192-8dc24cad04ac" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_8d3c90e5-9881-4881-9f7c-c8f8f6b9fc84" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_3132b313-b73f-4440-b192-8dc24cad04ac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesNameDomain_f0094918-2c88-4c7e-b76a-4a7b0b947621" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AntidilutiveSecuritiesNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis_3132b313-b73f-4440-b192-8dc24cad04ac" xlink:to="loc_us-gaap_AntidilutiveSecuritiesNameDomain_f0094918-2c88-4c7e-b76a-4a7b0b947621" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PerformanceSharesMember_f9d75ae4-8177-430d-8860-4c38f32ec567" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PerformanceSharesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_f0094918-2c88-4c7e-b76a-4a7b0b947621" xlink:to="loc_us-gaap_PerformanceSharesMember_f9d75ae4-8177-430d-8860-4c38f32ec567" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_OperatingPartnershipUnitsMember_88d7c1fc-3f49-456f-9326-8216ff99d16d" xlink:href="csr-20220331.xsd#csr_OperatingPartnershipUnitsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_f0094918-2c88-4c7e-b76a-4a7b0b947621" xlink:to="loc_csr_OperatingPartnershipUnitsMember_88d7c1fc-3f49-456f-9326-8216ff99d16d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SeriesDPreferredStockMember_aed81bda-0ce4-475b-ad4b-a466828455af" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SeriesDPreferredStockMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_f0094918-2c88-4c7e-b76a-4a7b0b947621" xlink:to="loc_us-gaap_SeriesDPreferredStockMember_aed81bda-0ce4-475b-ad4b-a466828455af" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SeriesEPreferredStockMember_cb4f3eed-7e1e-4302-a880-e0a154b44658" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SeriesEPreferredStockMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_f0094918-2c88-4c7e-b76a-4a7b0b947621" xlink:to="loc_us-gaap_SeriesEPreferredStockMember_cb4f3eed-7e1e-4302-a880-e0a154b44658" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockUnitsRSUMember_94e91ea3-356a-4eb7-bb84-9e57c1ceb204" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_f0094918-2c88-4c7e-b76a-4a7b0b947621" xlink:to="loc_us-gaap_RestrictedStockUnitsRSUMember_94e91ea3-356a-4eb7-bb84-9e57c1ceb204" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeStockOptionMember_e277059d-e105-43a4-9011-43f794009aee" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EmployeeStockOptionMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesNameDomain_f0094918-2c88-4c7e-b76a-4a7b0b947621" xlink:to="loc_us-gaap_EmployeeStockOptionMember_e277059d-e105-43a4-9011-43f794009aee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_27b65294-b857-4a75-aaa3-3c7546df979f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTable_8d3c90e5-9881-4881-9f7c-c8f8f6b9fc84" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_27b65294-b857-4a75-aaa3-3c7546df979f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_RatioOfUnitsExchangedForShares_9f5d41f1-de2e-4d4b-9a56-d0a7b4e5e14c" xlink:href="csr-20220331.xsd#csr_RatioOfUnitsExchangedForShares"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_27b65294-b857-4a75-aaa3-3c7546df979f" xlink:to="loc_csr_RatioOfUnitsExchangedForShares_9f5d41f1-de2e-4d4b-9a56-d0a7b4e5e14c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_ab2d4c43-c912-42aa-b8c4-31e8012eb18a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareLineItems_27b65294-b857-4a75-aaa3-3c7546df979f" xlink:to="loc_us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount_ab2d4c43-c912-42aa-b8c4-31e8012eb18a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/EARNINGSPERSHAREReconciliationofNumeratorandDenominatorUsedToCalculateBasicandDilutesEPSDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#EARNINGSPERSHAREReconciliationofNumeratorandDenominatorUsedToCalculateBasicandDilutesEPSDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/EARNINGSPERSHAREReconciliationofNumeratorandDenominatorUsedToCalculateBasicandDilutesEPSDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareAbstract_d77ccf40-06b7-4284-b272-08aa3f52c772" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAbstract_f8d95125-2631-4a47-983b-16fc9ae72ca9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetIncomeLossAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_d77ccf40-06b7-4284-b272-08aa3f52c772" xlink:to="loc_us-gaap_NetIncomeLossAbstract_f8d95125-2631-4a47-983b-16fc9ae72ca9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLoss_8721d1f2-c7c4-4584-be14-9971d53c697f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetIncomeLoss"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetIncomeLossAbstract_f8d95125-2631-4a47-983b-16fc9ae72ca9" xlink:to="loc_us-gaap_NetIncomeLoss_8721d1f2-c7c4-4584-be14-9971d53c697f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DividendsPreferredStock_be331d1c-4659-436e-8eb6-fb2c198157c3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DividendsPreferredStock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetIncomeLossAbstract_f8d95125-2631-4a47-983b-16fc9ae72ca9" xlink:to="loc_us-gaap_DividendsPreferredStock_be331d1c-4659-436e-8eb6-fb2c198157c3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_7702826d-b52d-400e-af5e-5f99618001a2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetIncomeLossAbstract_f8d95125-2631-4a47-983b-16fc9ae72ca9" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_7702826d-b52d-400e-af5e-5f99618001a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable_9ebf41fa-d157-4be2-b23d-16085f2d53df" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetIncomeLossAbstract_f8d95125-2631-4a47-983b-16fc9ae72ca9" xlink:to="loc_us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable_9ebf41fa-d157-4be2-b23d-16085f2d53df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PaymentsOfOrdinaryDividendsPreferredUnitholdersAccruedAmount_f87d8c16-a0d6-4940-9267-b2f25c51c6b3" xlink:href="csr-20220331.xsd#csr_PaymentsOfOrdinaryDividendsPreferredUnitholdersAccruedAmount"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetIncomeLossAbstract_f8d95125-2631-4a47-983b-16fc9ae72ca9" xlink:to="loc_csr_PaymentsOfOrdinaryDividendsPreferredUnitholdersAccruedAmount_f87d8c16-a0d6-4940-9267-b2f25c51c6b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_734b4be7-eb44-4ef0-9587-a882ef61ddca" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_NetIncomeLossAbstract_f8d95125-2631-4a47-983b-16fc9ae72ca9" xlink:to="loc_us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_734b4be7-eb44-4ef0-9587-a882ef61ddca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_0fe85bbd-13a7-46f1-a17a-88366cd14187" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_d77ccf40-06b7-4284-b272-08aa3f52c772" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_0fe85bbd-13a7-46f1-a17a-88366cd14187" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_5e5fc863-22a3-4271-a7dc-972bf71f3420" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_0fe85bbd-13a7-46f1-a17a-88366cd14187" xlink:to="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_5e5fc863-22a3-4271-a7dc-972bf71f3420" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_3d926316-154b-4ca8-8d2b-c8fb7cffc5ff" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_0fe85bbd-13a7-46f1-a17a-88366cd14187" xlink:to="loc_us-gaap_WeightedAverageNumberDilutedSharesOutstandingAdjustment_3d926316-154b-4ca8-8d2b-c8fb7cffc5ff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_0d597f03-fd30-4921-aa90-554495e856c6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_0fe85bbd-13a7-46f1-a17a-88366cd14187" xlink:to="loc_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_0d597f03-fd30-4921-aa90-554495e856c6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareBasic_f6d9446c-55e5-4309-8e9b-0c6fd9eca2b9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareBasic"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_d77ccf40-06b7-4284-b272-08aa3f52c772" xlink:to="loc_us-gaap_EarningsPerShareBasic_f6d9446c-55e5-4309-8e9b-0c6fd9eca2b9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EarningsPerShareDiluted_4e903bd4-d0d5-4002-960e-aeda80c75b26" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EarningsPerShareDiluted"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EarningsPerShareAbstract_d77ccf40-06b7-4284-b272-08aa3f52c772" xlink:to="loc_us-gaap_EarningsPerShareDiluted_4e903bd4-d0d5-4002-960e-aeda80c75b26" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/EQUITYANDMEZZANINEEQUITY" xlink:type="simple" xlink:href="csr-20220331.xsd#EQUITYANDMEZZANINEEQUITY"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/EQUITYANDMEZZANINEEQUITY" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_0e83731f-af3d-43a9-b870-2e655d624e1e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_09081c96-4e2e-46e0-b3f7-3c1872049480" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_0e83731f-af3d-43a9-b870-2e655d624e1e" xlink:to="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_09081c96-4e2e-46e0-b3f7-3c1872049480" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/EQUITYANDMEZZANINEEQUITYTables" xlink:type="simple" xlink:href="csr-20220331.xsd#EQUITYANDMEZZANINEEQUITYTables"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/EQUITYANDMEZZANINEEQUITYTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_ff3d70b0-81bd-4a21-b486-401c5de3dcbc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfConversionsOfStockTextBlock_80c56cce-beb8-4503-9d8e-5b75175efcf8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfConversionsOfStockTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_ff3d70b0-81bd-4a21-b486-401c5de3dcbc" xlink:to="loc_us-gaap_ScheduleOfConversionsOfStockTextBlock_80c56cce-beb8-4503-9d8e-5b75175efcf8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfCapitalUnitsTextBlock_4d1fb95c-6939-4bd8-9b15-f2ab0ad50868" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfCapitalUnitsTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_ff3d70b0-81bd-4a21-b486-401c5de3dcbc" xlink:to="loc_us-gaap_ScheduleOfCapitalUnitsTextBlock_4d1fb95c-6939-4bd8-9b15-f2ab0ad50868" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/EQUITYANDMEZZANINEEQUITYAdditionalInformationDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#EQUITYANDMEZZANINEEQUITYAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/EQUITYANDMEZZANINEEQUITYAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_33ceea03-b42f-414a-bea4-aebc107a571d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_be5e3701-b655-4829-adb7-fddfdb004bcf" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_33ceea03-b42f-414a-bea4-aebc107a571d" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_be5e3701-b655-4829-adb7-fddfdb004bcf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameAxis_fb9603c5-b819-4160-a9f4-0a7bf303b8a9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PlanNameAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_be5e3701-b655-4829-adb7-fddfdb004bcf" xlink:to="loc_us-gaap_PlanNameAxis_fb9603c5-b819-4160-a9f4-0a7bf303b8a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_a47c1339-e55c-4a2c-bb51-7fb5e09a336f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameAxis_fb9603c5-b819-4160-a9f4-0a7bf303b8a9" xlink:to="loc_us-gaap_PlanNameDomain_a47c1339-e55c-4a2c-bb51-7fb5e09a336f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_IncentivePlan2015Member_939b2354-2b52-4eb2-82c0-c41af10a589c" xlink:href="csr-20220331.xsd#csr_IncentivePlan2015Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameDomain_a47c1339-e55c-4a2c-bb51-7fb5e09a336f" xlink:to="loc_csr_IncentivePlan2015Member_939b2354-2b52-4eb2-82c0-c41af10a589c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsidiarySaleOfStockAxis_ad0bdba9-5352-41c9-a859-82e762505ff4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SubsidiarySaleOfStockAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_be5e3701-b655-4829-adb7-fddfdb004bcf" xlink:to="loc_us-gaap_SubsidiarySaleOfStockAxis_ad0bdba9-5352-41c9-a859-82e762505ff4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleOfStockNameOfTransactionDomain_59bce4f1-5be9-4677-9de5-fb3691b47e77" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SaleOfStockNameOfTransactionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockAxis_ad0bdba9-5352-41c9-a859-82e762505ff4" xlink:to="loc_us-gaap_SaleOfStockNameOfTransactionDomain_59bce4f1-5be9-4677-9de5-fb3691b47e77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_AtTheMarketOfferingMember_3eeaafea-2fad-48a7-bfc8-ac20d645d7b4" xlink:href="csr-20220331.xsd#csr_AtTheMarketOfferingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SaleOfStockNameOfTransactionDomain_59bce4f1-5be9-4677-9de5-fb3691b47e77" xlink:to="loc_csr_AtTheMarketOfferingMember_3eeaafea-2fad-48a7-bfc8-ac20d645d7b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementClassOfStockAxis_970a2a2a-1a0d-483e-b435-6b91ea447247" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementClassOfStockAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_be5e3701-b655-4829-adb7-fddfdb004bcf" xlink:to="loc_us-gaap_StatementClassOfStockAxis_970a2a2a-1a0d-483e-b435-6b91ea447247" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ClassOfStockDomain_e93328a4-bd5e-4ff8-b53e-c50d45f03afc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ClassOfStockDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementClassOfStockAxis_970a2a2a-1a0d-483e-b435-6b91ea447247" xlink:to="loc_us-gaap_ClassOfStockDomain_e93328a4-bd5e-4ff8-b53e-c50d45f03afc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SeriesEPreferredStockMember_5606ad6b-3771-42e1-8ae1-3127201e3a12" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SeriesEPreferredStockMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_e93328a4-bd5e-4ff8-b53e-c50d45f03afc" xlink:to="loc_us-gaap_SeriesEPreferredStockMember_5606ad6b-3771-42e1-8ae1-3127201e3a12" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_SeriesCPreferredSharesOfBeneficialInterestMember_0dc1408a-16c0-4a8c-a97d-7858ab806489" xlink:href="csr-20220331.xsd#csr_SeriesCPreferredSharesOfBeneficialInterestMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_e93328a4-bd5e-4ff8-b53e-c50d45f03afc" xlink:to="loc_csr_SeriesCPreferredSharesOfBeneficialInterestMember_0dc1408a-16c0-4a8c-a97d-7858ab806489" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_SeriesDPreferredUnitsMember_0f4d543f-4d99-44a7-84d3-f663e2f38dce" xlink:href="csr-20220331.xsd#csr_SeriesDPreferredUnitsMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ClassOfStockDomain_e93328a4-bd5e-4ff8-b53e-c50d45f03afc" xlink:to="loc_csr_SeriesDPreferredUnitsMember_0f4d543f-4d99-44a7-84d3-f663e2f38dce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_89e97417-18a4-48f7-86be-bcdafceb47eb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_be5e3701-b655-4829-adb7-fddfdb004bcf" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_89e97417-18a4-48f7-86be-bcdafceb47eb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_e95d2225-e9b7-4d55-88b5-08a5ef13cdce" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_89e97417-18a4-48f7-86be-bcdafceb47eb" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_e95d2225-e9b7-4d55-88b5-08a5ef13cdce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_A2022AcquisitionsThreeApartmentCommunitiesMember_e57f03c3-9e27-438e-81c1-5fe0e34a5d53" xlink:href="csr-20220331.xsd#csr_A2022AcquisitionsThreeApartmentCommunitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_e95d2225-e9b7-4d55-88b5-08a5ef13cdce" xlink:to="loc_csr_A2022AcquisitionsThreeApartmentCommunitiesMember_e57f03c3-9e27-438e-81c1-5fe0e34a5d53" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_A2021AcquisitionsMember_c0845f52-3fc6-4256-bf32-5e15424850d2" xlink:href="csr-20220331.xsd#csr_A2021AcquisitionsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_e95d2225-e9b7-4d55-88b5-08a5ef13cdce" xlink:to="loc_csr_A2021AcquisitionsMember_c0845f52-3fc6-4256-bf32-5e15424850d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_be5e3701-b655-4829-adb7-fddfdb004bcf" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NoncontrollingInterestsInOperatingPartnershipUnitsOutstanding_059880ab-6ac4-4723-b8d8-abee3b86ff06" xlink:href="csr-20220331.xsd#csr_NoncontrollingInterestsInOperatingPartnershipUnitsOutstanding"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_csr_NoncontrollingInterestsInOperatingPartnershipUnitsOutstanding_059880ab-6ac4-4723-b8d8-abee3b86ff06" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NoncontrollingInterestInOperatingPartnershipUnitsIssued_8758a788-0f5f-43ad-845e-33f8b847bb66" xlink:href="csr-20220331.xsd#csr_NoncontrollingInterestInOperatingPartnershipUnitsIssued"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_csr_NoncontrollingInterestInOperatingPartnershipUnitsIssued_8758a788-0f5f-43ad-845e-33f8b847bb66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NumberOfRealEstatePropertiesAcquired_6456c70d-9405-418e-8247-248aaa298aa3" xlink:href="csr-20220331.xsd#csr_NumberOfRealEstatePropertiesAcquired"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_csr_NumberOfRealEstatePropertiesAcquired_6456c70d-9405-418e-8247-248aaa298aa3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesIssued_5289d75d-3b3f-4017-a226-7a0a50c486bc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockSharesIssued"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_PreferredStockSharesIssued_5289d75d-3b3f-4017-a226-7a0a50c486bc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockParOrStatedValuePerShare_fd1291d2-055c-43d5-9c6b-a48724376e84" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockParOrStatedValuePerShare"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_PreferredStockParOrStatedValuePerShare_fd1291d2-055c-43d5-9c6b-a48724376e84" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockConvertibleConversionRatio_f678f1f4-d08a-42e0-8d5f-f150ce6a9144" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockConvertibleConversionRatio"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_PreferredStockConvertibleConversionRatio_f678f1f4-d08a-42e0-8d5f-f150ce6a9144" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockLiquidationPreferenceValue_aa7ad5cb-959d-473a-b8cb-a9c20199aaa4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockLiquidationPreferenceValue"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_PreferredStockLiquidationPreferenceValue_aa7ad5cb-959d-473a-b8cb-a9c20199aaa4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommonStockSharesOutstanding_cdd75fc0-d652-4651-910e-1f5435fac57b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommonStockSharesOutstanding"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_CommonStockSharesOutstanding_cdd75fc0-d652-4651-910e-1f5435fac57b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod_dd09150d-0cee-47ae-afc7-f7ae7591fe67" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod_dd09150d-0cee-47ae-afc7-f7ae7591fe67" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_45cd671a-ad4b-4c81-8308-67c085f04221" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_StockIssuedDuringPeriodValueNewIssues_45cd671a-ad4b-4c81-8308-67c085f04221" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_SaleOfStockAuthorizedAmount_a691f409-b5b5-41e1-b6db-902c7e5ef913" xlink:href="csr-20220331.xsd#csr_SaleOfStockAuthorizedAmount"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_csr_SaleOfStockAuthorizedAmount_a691f409-b5b5-41e1-b6db-902c7e5ef913" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_SaleOfStockRemainingAuthorizedAmount_d193e8a9-0028-4553-a610-133c4bb7bcbd" xlink:href="csr-20220331.xsd#csr_SaleOfStockRemainingAuthorizedAmount"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_csr_SaleOfStockRemainingAuthorizedAmount_d193e8a9-0028-4553-a610-133c4bb7bcbd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_0bbe230d-ee66-466d-8c52-90a534aeecba" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockSharesOutstanding"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_PreferredStockSharesOutstanding_0bbe230d-ee66-466d-8c52-90a534aeecba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockLiquidationPreference_8243deab-29c2-407f-abd8-f34393118d58" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockLiquidationPreference"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_PreferredStockLiquidationPreference_8243deab-29c2-407f-abd8-f34393118d58" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PreferredStockAnnualDistributionAccrualRate_fa74a6ce-6aba-4bd2-a07b-f93edd72458a" xlink:href="csr-20220331.xsd#csr_PreferredStockAnnualDistributionAccrualRate"/>
    <link:presentationArc order="15" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_csr_PreferredStockAnnualDistributionAccrualRate_fa74a6ce-6aba-4bd2-a07b-f93edd72458a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PreferredStockDividendRatePercentage_01a5e0ae-e54e-4d61-87aa-59c77e7405ab" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PreferredStockDividendRatePercentage"/>
    <link:presentationArc order="16" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_PreferredStockDividendRatePercentage_01a5e0ae-e54e-4d61-87aa-59c77e7405ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TemporaryEquitySharesIssued_37bdadcf-5afd-41d8-9be6-6be040a81ecf" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_TemporaryEquitySharesIssued"/>
    <link:presentationArc order="17" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_TemporaryEquitySharesIssued_37bdadcf-5afd-41d8-9be6-6be040a81ecf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TemporaryEquityParOrStatedValuePerShare_ccaad21c-74dc-4028-b81d-6aa44dd7f014" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_TemporaryEquityParOrStatedValuePerShare"/>
    <link:presentationArc order="18" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_TemporaryEquityParOrStatedValuePerShare_ccaad21c-74dc-4028-b81d-6aa44dd7f014" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_TemporaryEquityDistributionRate_82bb1499-131e-41ef-8a87-cfcdf1e7bb67" xlink:href="csr-20220331.xsd#csr_TemporaryEquityDistributionRate"/>
    <link:presentationArc order="19" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_csr_TemporaryEquityDistributionRate_82bb1499-131e-41ef-8a87-cfcdf1e7bb67" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PartnersCapitalAccountUnitsConvertedRatio_6fa9bf23-e0f2-4f7b-bae3-b22cd6e1315f" xlink:href="csr-20220331.xsd#csr_PartnersCapitalAccountUnitsConvertedRatio"/>
    <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_csr_PartnersCapitalAccountUnitsConvertedRatio_6fa9bf23-e0f2-4f7b-bae3-b22cd6e1315f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_TemporaryEquityLiquidationPreference_d0f3b465-387d-4416-971a-b5ab8d2f27f0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_TemporaryEquityLiquidationPreference"/>
    <link:presentationArc order="21" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_1e259a43-9880-4097-8b1f-ced40757d48f" xlink:to="loc_us-gaap_TemporaryEquityLiquidationPreference_d0f3b465-387d-4416-971a-b5ab8d2f27f0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/EQUITYANDMEZZANINEEQUITYScheduleofConversionsofCommonStockDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#EQUITYANDMEZZANINEEQUITYScheduleofConversionsofCommonStockDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/EQUITYANDMEZZANINEEQUITYScheduleofConversionsofCommonStockDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_f86d7ee9-403e-4adf-94f3-39d21ca60128" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConversionOfStockTable_0213ab37-96b5-4a34-b7aa-e1a3c0c84a6e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConversionOfStockTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_f86d7ee9-403e-4adf-94f3-39d21ca60128" xlink:to="loc_us-gaap_ConversionOfStockTable_0213ab37-96b5-4a34-b7aa-e1a3c0c84a6e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConversionOfStockByUniqueDescriptionAxis_fa7c381b-97e8-43f5-9a27-37135d86f470" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConversionOfStockByUniqueDescriptionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConversionOfStockTable_0213ab37-96b5-4a34-b7aa-e1a3c0c84a6e" xlink:to="loc_us-gaap_ConversionOfStockByUniqueDescriptionAxis_fa7c381b-97e8-43f5-9a27-37135d86f470" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConversionOfStockNameDomain_74a835bc-ad12-44fe-aa4d-9721a76a2b7a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConversionOfStockNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConversionOfStockByUniqueDescriptionAxis_fa7c381b-97e8-43f5-9a27-37135d86f470" xlink:to="loc_us-gaap_ConversionOfStockNameDomain_74a835bc-ad12-44fe-aa4d-9721a76a2b7a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_ExerciseofExchangeRightsMember_588ff2b1-522e-4047-ac39-742badcbd98e" xlink:href="csr-20220331.xsd#csr_ExerciseofExchangeRightsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConversionOfStockNameDomain_74a835bc-ad12-44fe-aa4d-9721a76a2b7a" xlink:to="loc_csr_ExerciseofExchangeRightsMember_588ff2b1-522e-4047-ac39-742badcbd98e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_RedemptionOfUnitsForCashMember_ced42133-95a2-448b-905c-fb0fef4cd915" xlink:href="csr-20220331.xsd#csr_RedemptionOfUnitsForCashMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConversionOfStockNameDomain_74a835bc-ad12-44fe-aa4d-9721a76a2b7a" xlink:to="loc_csr_RedemptionOfUnitsForCashMember_ced42133-95a2-448b-905c-fb0fef4cd915" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConversionOfStockLineItems_281bb607-3910-4db8-8d86-a8242dddc6be" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConversionOfStockLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConversionOfStockTable_0213ab37-96b5-4a34-b7aa-e1a3c0c84a6e" xlink:to="loc_us-gaap_ConversionOfStockLineItems_281bb607-3910-4db8-8d86-a8242dddc6be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PartnersCapitalAccountUnitsRedeemed_9c28372b-f424-4684-95cf-0348aee99628" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PartnersCapitalAccountUnitsRedeemed"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConversionOfStockLineItems_281bb607-3910-4db8-8d86-a8242dddc6be" xlink:to="loc_us-gaap_PartnersCapitalAccountUnitsRedeemed_9c28372b-f424-4684-95cf-0348aee99628" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PartnersCapitalAccountRedemptions_ed763c63-bee5-4f29-b182-8cab5a26e9df" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PartnersCapitalAccountRedemptions"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConversionOfStockLineItems_281bb607-3910-4db8-8d86-a8242dddc6be" xlink:to="loc_us-gaap_PartnersCapitalAccountRedemptions_ed763c63-bee5-4f29-b182-8cab5a26e9df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConversionOfStockSharesConverted1_5bc5f332-b26c-49e6-a3ba-2cdb49497035" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConversionOfStockSharesConverted1"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConversionOfStockLineItems_281bb607-3910-4db8-8d86-a8242dddc6be" xlink:to="loc_us-gaap_ConversionOfStockSharesConverted1_5bc5f332-b26c-49e6-a3ba-2cdb49497035" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ConversionOfStockAmountConverted1_a4099f71-0091-433f-b6ab-153a189b8ef1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ConversionOfStockAmountConverted1"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConversionOfStockLineItems_281bb607-3910-4db8-8d86-a8242dddc6be" xlink:to="loc_us-gaap_ConversionOfStockAmountConverted1_a4099f71-0091-433f-b6ab-153a189b8ef1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_SaleOfStockAveragePricePerShare_9a0b2684-ef60-4766-a821-26d45d4a09ea" xlink:href="csr-20220331.xsd#csr_SaleOfStockAveragePricePerShare"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ConversionOfStockLineItems_281bb607-3910-4db8-8d86-a8242dddc6be" xlink:to="loc_csr_SaleOfStockAveragePricePerShare_9a0b2684-ef60-4766-a821-26d45d4a09ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/EQUITYANDMEZZANINEEQUITYSaleofCommonSharesDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#EQUITYANDMEZZANINEEQUITYSaleofCommonSharesDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/EQUITYANDMEZZANINEEQUITYSaleofCommonSharesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquityAbstract_9f4ecb0f-10ba-4346-a441-6b11d7d4e4df" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EquityAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_bb1a8e45-3082-49dd-9f60-aa2fe9be6c08" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_EquityAbstract_9f4ecb0f-10ba-4346-a441-6b11d7d4e4df" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_bb1a8e45-3082-49dd-9f60-aa2fe9be6c08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SubsidiarySaleOfStockAxis_475b4fb9-2a2a-48cb-919b-f181fac514b3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SubsidiarySaleOfStockAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_bb1a8e45-3082-49dd-9f60-aa2fe9be6c08" xlink:to="loc_us-gaap_SubsidiarySaleOfStockAxis_475b4fb9-2a2a-48cb-919b-f181fac514b3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleOfStockNameOfTransactionDomain_8f46d3dd-6c10-4083-8ec0-ebf7ea498b5c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SaleOfStockNameOfTransactionDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SubsidiarySaleOfStockAxis_475b4fb9-2a2a-48cb-919b-f181fac514b3" xlink:to="loc_us-gaap_SaleOfStockNameOfTransactionDomain_8f46d3dd-6c10-4083-8ec0-ebf7ea498b5c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_AtTheMarketOfferingMember_ef184fa2-e7d2-4cd6-ab19-fb7f0ec14558" xlink:href="csr-20220331.xsd#csr_AtTheMarketOfferingMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SaleOfStockNameOfTransactionDomain_8f46d3dd-6c10-4083-8ec0-ebf7ea498b5c" xlink:to="loc_csr_AtTheMarketOfferingMember_ef184fa2-e7d2-4cd6-ab19-fb7f0ec14558" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_36298f12-64cd-4035-b762-2917e7cc919c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_bb1a8e45-3082-49dd-9f60-aa2fe9be6c08" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_36298f12-64cd-4035-b762-2917e7cc919c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_69312da5-bbfc-4056-a8e7-57b494eec1bd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_36298f12-64cd-4035-b762-2917e7cc919c" xlink:to="loc_us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction_69312da5-bbfc-4056-a8e7-57b494eec1bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SaleOfStockConsiderationReceivedOnTransaction_63f37ef0-cc00-4b2a-a8f5-07fbc2a15e39" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SaleOfStockConsiderationReceivedOnTransaction"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_36298f12-64cd-4035-b762-2917e7cc919c" xlink:to="loc_us-gaap_SaleOfStockConsiderationReceivedOnTransaction_63f37ef0-cc00-4b2a-a8f5-07fbc2a15e39" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_SaleOfStockAveragePricePerShare_43a3a12f-dcaa-4727-bbd4-63048f8ca277" xlink:href="csr-20220331.xsd#csr_SaleOfStockAveragePricePerShare"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_36298f12-64cd-4035-b762-2917e7cc919c" xlink:to="loc_csr_SaleOfStockAveragePricePerShare_43a3a12f-dcaa-4727-bbd4-63048f8ca277" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SalesCommissionsAndFees_a8b770a8-00c0-4f95-9047-b22c06fb1402" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SalesCommissionsAndFees"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_36298f12-64cd-4035-b762-2917e7cc919c" xlink:to="loc_us-gaap_SalesCommissionsAndFees_a8b770a8-00c0-4f95-9047-b22c06fb1402" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/DEBT" xlink:type="simple" xlink:href="csr-20220331.xsd#DEBT"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/DEBT" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_7ad0494f-b205-411f-87f9-0f853458a797" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_bc8edd14-e8dc-4249-8710-55eb2a6bae3b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_7ad0494f-b205-411f-87f9-0f853458a797" xlink:to="loc_us-gaap_DebtDisclosureTextBlock_bc8edd14-e8dc-4249-8710-55eb2a6bae3b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/DEBTTables" xlink:type="simple" xlink:href="csr-20220331.xsd#DEBTTables"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/DEBTTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_5c164bbf-87d4-42c2-9c3f-9411fd6293b2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_b284d34f-d067-4814-bf85-eca2b0059120" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfDebtInstrumentsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_5c164bbf-87d4-42c2-9c3f-9411fd6293b2" xlink:to="loc_us-gaap_ScheduleOfDebtInstrumentsTextBlock_b284d34f-d067-4814-bf85-eca2b0059120" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_7985f0fe-a090-4170-a219-b351d2f2d959" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_5c164bbf-87d4-42c2-9c3f-9411fd6293b2" xlink:to="loc_us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock_7985f0fe-a090-4170-a219-b351d2f2d959" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/DEBTNarrativeDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#DEBTNarrativeDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/DEBTNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_2b434f21-2055-4584-b4ff-73f6b9da6475" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityTable_f484f065-bac4-4a11-ab67-1004c77d5d52" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditFacilityTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_2b434f21-2055-4584-b4ff-73f6b9da6475" xlink:to="loc_us-gaap_LineOfCreditFacilityTable_f484f065-bac4-4a11-ab67-1004c77d5d52" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_7ed518e0-e3ad-4bc6-8725-fe3ec84907ef" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_f484f065-bac4-4a11-ab67-1004c77d5d52" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_7ed518e0-e3ad-4bc6-8725-fe3ec84907ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_3a0ba969-1028-4401-aaf6-3ca1b8bcc81b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_7ed518e0-e3ad-4bc6-8725-fe3ec84907ef" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_3a0ba969-1028-4401-aaf6-3ca1b8bcc81b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_2ac95e72-22e2-4bbb-8b35-a34d3240d9b4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_3a0ba969-1028-4401-aaf6-3ca1b8bcc81b" xlink:to="loc_us-gaap_LineOfCreditMember_2ac95e72-22e2-4bbb-8b35-a34d3240d9b4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnsecuredDebtMember_80e87c68-668d-4b90-823e-a9a9e096373e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_UnsecuredDebtMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_3a0ba969-1028-4401-aaf6-3ca1b8bcc81b" xlink:to="loc_us-gaap_UnsecuredDebtMember_80e87c68-668d-4b90-823e-a9a9e096373e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgagesMember_bcc1a4ab-2acc-4c31-8641-9be162d69a81" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MortgagesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_3a0ba969-1028-4401-aaf6-3ca1b8bcc81b" xlink:to="loc_us-gaap_MortgagesMember_bcc1a4ab-2acc-4c31-8641-9be162d69a81" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_2bfad812-be59-497d-b235-069ddb34edf7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_f484f065-bac4-4a11-ab67-1004c77d5d52" xlink:to="loc_us-gaap_DebtInstrumentAxis_2bfad812-be59-497d-b235-069ddb34edf7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_9d1582ec-1452-401b-bb7b-04beacc514a2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_2bfad812-be59-497d-b235-069ddb34edf7" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_9d1582ec-1452-401b-bb7b-04beacc514a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_BMOLineOfCreditMember_203f3dba-3421-4e34-83d1-8469d9d23275" xlink:href="csr-20220331.xsd#csr_BMOLineOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_9d1582ec-1452-401b-bb7b-04beacc514a2" xlink:to="loc_csr_BMOLineOfCreditMember_203f3dba-3421-4e34-83d1-8469d9d23275" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PrivateShelfAgreementMember_51705aaf-76e5-433f-8b0b-b1d2491b80f5" xlink:href="csr-20220331.xsd#csr_PrivateShelfAgreementMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_9d1582ec-1452-401b-bb7b-04beacc514a2" xlink:to="loc_csr_PrivateShelfAgreementMember_51705aaf-76e5-433f-8b0b-b1d2491b80f5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NotePurchaseAgreementMember_922b7820-728f-4751-83b5-0bdfc8dfeff7" xlink:href="csr-20220331.xsd#csr_NotePurchaseAgreementMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_9d1582ec-1452-401b-bb7b-04beacc514a2" xlink:to="loc_csr_NotePurchaseAgreementMember_922b7820-728f-4751-83b5-0bdfc8dfeff7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_FannieMaeCreditFacilityAgreementMember_8dd1c934-8269-4cca-8228-7580dc4e0add" xlink:href="csr-20220331.xsd#csr_FannieMaeCreditFacilityAgreementMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_9d1582ec-1452-401b-bb7b-04beacc514a2" xlink:to="loc_csr_FannieMaeCreditFacilityAgreementMember_8dd1c934-8269-4cca-8228-7580dc4e0add" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityAxis_9766decd-0287-4504-a222-98de65e333d2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CreditFacilityAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_f484f065-bac4-4a11-ab67-1004c77d5d52" xlink:to="loc_us-gaap_CreditFacilityAxis_9766decd-0287-4504-a222-98de65e333d2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityDomain_5d3bb72c-cc62-48e1-bbe2-a9a302458779" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CreditFacilityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_9766decd-0287-4504-a222-98de65e333d2" xlink:to="loc_us-gaap_CreditFacilityDomain_5d3bb72c-cc62-48e1-bbe2-a9a302458779" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_ba68c77b-755b-4a0a-880c-e2750de61c24" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_5d3bb72c-cc62-48e1-bbe2-a9a302458779" xlink:to="loc_us-gaap_LineOfCreditMember_ba68c77b-755b-4a0a-880c-e2750de61c24" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_OperatingLineOfCreditMember_0c0bbea4-115f-4582-98d7-97e70170bc72" xlink:href="csr-20220331.xsd#csr_OperatingLineOfCreditMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_5d3bb72c-cc62-48e1-bbe2-a9a302458779" xlink:to="loc_csr_OperatingLineOfCreditMember_0c0bbea4-115f-4582-98d7-97e70170bc72" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateAxis_12a65944-712a-4aae-8fc3-ad3b44683860" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_VariableRateAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_f484f065-bac4-4a11-ab67-1004c77d5d52" xlink:to="loc_us-gaap_VariableRateAxis_12a65944-712a-4aae-8fc3-ad3b44683860" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_VariableRateDomain_3ef3c147-a8a1-48cc-b186-0cc24f9bd92b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_VariableRateDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateAxis_12a65944-712a-4aae-8fc3-ad3b44683860" xlink:to="loc_us-gaap_VariableRateDomain_3ef3c147-a8a1-48cc-b186-0cc24f9bd92b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BaseRateMember_1fd91281-20b8-4858-9da8-6bdb7b1c008b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BaseRateMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_3ef3c147-a8a1-48cc-b186-0cc24f9bd92b" xlink:to="loc_us-gaap_BaseRateMember_1fd91281-20b8-4858-9da8-6bdb7b1c008b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_6ed0889f-ad2d-4d57-83ce-68fccf3dc970" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LondonInterbankOfferedRateLIBORMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_VariableRateDomain_3ef3c147-a8a1-48cc-b186-0cc24f9bd92b" xlink:to="loc_us-gaap_LondonInterbankOfferedRateLIBORMember_6ed0889f-ad2d-4d57-83ce-68fccf3dc970" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_addef2cf-f1ff-4bbe-8573-25c4fbf87f65" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeAxis"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_f484f065-bac4-4a11-ab67-1004c77d5d52" xlink:to="loc_srt_RangeAxis_addef2cf-f1ff-4bbe-8573-25c4fbf87f65" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_a79cfb39-c1dc-40d2-af16-9bf089d78071" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_addef2cf-f1ff-4bbe-8573-25c4fbf87f65" xlink:to="loc_srt_RangeMember_a79cfb39-c1dc-40d2-af16-9bf089d78071" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_7d9bad98-81da-4d9b-85f1-da8bc1c183a8" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_a79cfb39-c1dc-40d2-af16-9bf089d78071" xlink:to="loc_srt_MinimumMember_7d9bad98-81da-4d9b-85f1-da8bc1c183a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_bf72678d-4742-4a00-8c63-706e3bd11048" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_a79cfb39-c1dc-40d2-af16-9bf089d78071" xlink:to="loc_srt_MaximumMember_bf72678d-4742-4a00-8c63-706e3bd11048" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_0f826431-3380-4bbf-8416-b1b155b5af1c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_f484f065-bac4-4a11-ab67-1004c77d5d52" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_0f826431-3380-4bbf-8416-b1b155b5af1c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6510c07b-942a-4ec5-a6e7-a1cc5f9fa189" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_0f826431-3380-4bbf-8416-b1b155b5af1c" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6510c07b-942a-4ec5-a6e7-a1cc5f9fa189" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_A2021AcquisitionsMember_9154d143-85e3-45d2-ba48-2bf718312a66" xlink:href="csr-20220331.xsd#csr_A2021AcquisitionsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6510c07b-942a-4ec5-a6e7-a1cc5f9fa189" xlink:to="loc_csr_A2021AcquisitionsMember_9154d143-85e3-45d2-ba48-2bf718312a66" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_DebtPaymentTermsAxis_f8671f18-921e-4369-b190-9df0e9ca6584" xlink:href="csr-20220331.xsd#csr_DebtPaymentTermsAxis"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_f484f065-bac4-4a11-ab67-1004c77d5d52" xlink:to="loc_csr_DebtPaymentTermsAxis_f8671f18-921e-4369-b190-9df0e9ca6584" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_DebtPaymentTermsDomain_754c2f2e-7aae-4df7-b096-350592b7e114" xlink:href="csr-20220331.xsd#csr_DebtPaymentTermsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_DebtPaymentTermsAxis_f8671f18-921e-4369-b190-9df0e9ca6584" xlink:to="loc_csr_DebtPaymentTermsDomain_754c2f2e-7aae-4df7-b096-350592b7e114" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_InterestOnlyPaymentDateOneMember_7a86e711-c830-47f1-92c9-086b63dd0978" xlink:href="csr-20220331.xsd#csr_InterestOnlyPaymentDateOneMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_DebtPaymentTermsDomain_754c2f2e-7aae-4df7-b096-350592b7e114" xlink:to="loc_csr_InterestOnlyPaymentDateOneMember_7a86e711-c830-47f1-92c9-086b63dd0978" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_InterestOnlyPaymentDateTwoMember_5be552a4-0b88-4102-bb5e-3a6d2c131e2b" xlink:href="csr-20220331.xsd#csr_InterestOnlyPaymentDateTwoMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_DebtPaymentTermsDomain_754c2f2e-7aae-4df7-b096-350592b7e114" xlink:to="loc_csr_InterestOnlyPaymentDateTwoMember_5be552a4-0b88-4102-bb5e-3a6d2c131e2b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_InterestOnlyPaymentDateThreeMember_0d9b9a86-8357-484f-81e1-f1050aeaf6b8" xlink:href="csr-20220331.xsd#csr_InterestOnlyPaymentDateThreeMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_DebtPaymentTermsDomain_754c2f2e-7aae-4df7-b096-350592b7e114" xlink:to="loc_csr_InterestOnlyPaymentDateThreeMember_0d9b9a86-8357-484f-81e1-f1050aeaf6b8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditFacilityLineItems"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_f484f065-bac4-4a11-ab67-1004c77d5d52" xlink:to="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NumberOfRealEstatePropertiesUnencumbered_49b5f99e-8ffd-432d-b59e-3909405021ad" xlink:href="csr-20220331.xsd#csr_NumberOfRealEstatePropertiesUnencumbered"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_csr_NumberOfRealEstatePropertiesUnencumbered_49b5f99e-8ffd-432d-b59e-3909405021ad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_5b566526-3907-4d4e-a45b-9d57691312eb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_5b566526-3907-4d4e-a45b-9d57691312eb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_0cb22c40-b761-48b7-8241-0ba9db92e46b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity_0cb22c40-b761-48b7-8241-0ba9db92e46b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCredit_dbcc5a75-a3a3-42c4-9f24-222bd3c6425b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCredit"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_us-gaap_LineOfCredit_dbcc5a75-a3a3-42c4-9f24-222bd3c6425b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_LineOfCreditFacilityAdditionalBorrowingCapacity_93cfc25b-eec3-4e3b-bf41-6ee2cf8a2d2f" xlink:href="csr-20220331.xsd#csr_LineOfCreditFacilityAdditionalBorrowingCapacity"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_csr_LineOfCreditFacilityAdditionalBorrowingCapacity_93cfc25b-eec3-4e3b-bf41-6ee2cf8a2d2f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_e35de559-f641-44bd-a643-71d189e25f62" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentBasisSpreadOnVariableRate1"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_us-gaap_DebtInstrumentBasisSpreadOnVariableRate1_e35de559-f641-44bd-a643-71d189e25f62" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_DebtInstrumentAvailableForIssuance_f87d9bd9-b174-49c1-94f9-90ee670abd59" xlink:href="csr-20220331.xsd#csr_DebtInstrumentAvailableForIssuance"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_csr_DebtInstrumentAvailableForIssuance_f87d9bd9-b174-49c1-94f9-90ee670abd59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_2c915a07-3c2a-4446-9441-349676cb6ed5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_2c915a07-3c2a-4446-9441-349676cb6ed5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_44ae0c5c-869e-466e-accf-ff4bfe09faab" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_44ae0c5c-869e-466e-accf-ff4bfe09faab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfUnitsInRealEstateProperty_774a7d5a-664c-44bc-8027-380b3396bbc5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NumberOfUnitsInRealEstateProperty"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_us-gaap_NumberOfUnitsInRealEstateProperty_774a7d5a-664c-44bc-8027-380b3396bbc5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTerm_a34e7c0c-8d23-4db9-b53b-e736e0f35a51" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentTerm"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_us-gaap_DebtInstrumentTerm_a34e7c0c-8d23-4db9-b53b-e736e0f35a51" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_eee45dbd-a840-46f8-87bf-e3b70fbf15fe" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_us-gaap_DebtWeightedAverageInterestRate_eee45dbd-a840-46f8-87bf-e3b70fbf15fe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NumberOfRealEstatePropertiesCollateral_820718dc-95dd-4a66-b3fb-e21ef545e5bb" xlink:href="csr-20220331.xsd#csr_NumberOfRealEstatePropertiesCollateral"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_csr_NumberOfRealEstatePropertiesCollateral_820718dc-95dd-4a66-b3fb-e21ef545e5bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NumberOfLoansInDefault_b11caac1-8aaa-48a9-a1f8-5a8cb05f2006" xlink:href="csr-20220331.xsd#csr_NumberOfLoansInDefault"/>
    <link:presentationArc order="14" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_b75a1dd3-b105-4e7f-bfad-4fc2379511f8" xlink:to="loc_csr_NumberOfLoansInDefault_b11caac1-8aaa-48a9-a1f8-5a8cb05f2006" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/DEBTSeptemberNotePurchaseAgreementScheduleofDebtDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#DEBTSeptemberNotePurchaseAgreementScheduleofDebtDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/DEBTSeptemberNotePurchaseAgreementScheduleofDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_353d9d50-3894-4f1b-8eb8-7fb50d7a72b0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityTable_e3fceade-21fe-4e4d-921a-ccb4db456e23" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditFacilityTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_353d9d50-3894-4f1b-8eb8-7fb50d7a72b0" xlink:to="loc_us-gaap_LineOfCreditFacilityTable_e3fceade-21fe-4e4d-921a-ccb4db456e23" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_9dab18dd-aade-40a2-a75b-7873eeae5cad" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_e3fceade-21fe-4e4d-921a-ccb4db456e23" xlink:to="loc_us-gaap_DebtInstrumentAxis_9dab18dd-aade-40a2-a75b-7873eeae5cad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_dc65fd85-c7a1-41db-aae0-acc3d36b1523" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_9dab18dd-aade-40a2-a75b-7873eeae5cad" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_dc65fd85-c7a1-41db-aae0-acc3d36b1523" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_DebtInstrumentSeriesAMember_03ea2035-ed4b-4be0-9399-bccb9c60ac98" xlink:href="csr-20220331.xsd#csr_DebtInstrumentSeriesAMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_dc65fd85-c7a1-41db-aae0-acc3d36b1523" xlink:to="loc_csr_DebtInstrumentSeriesAMember_03ea2035-ed4b-4be0-9399-bccb9c60ac98" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_DebtInstrumentSeriesBMember_5854cd9d-d411-48e8-96fb-bb90c8420938" xlink:href="csr-20220331.xsd#csr_DebtInstrumentSeriesBMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_dc65fd85-c7a1-41db-aae0-acc3d36b1523" xlink:to="loc_csr_DebtInstrumentSeriesBMember_5854cd9d-d411-48e8-96fb-bb90c8420938" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_SeriesCMember_1aca8e70-4b50-4910-9737-17eb0e737226" xlink:href="csr-20220331.xsd#csr_SeriesCMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_dc65fd85-c7a1-41db-aae0-acc3d36b1523" xlink:to="loc_csr_SeriesCMember_1aca8e70-4b50-4910-9737-17eb0e737226" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_Series2021AMember_601b5e80-2d05-40ae-9e27-cf1f4c446e5f" xlink:href="csr-20220331.xsd#csr_Series2021AMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_dc65fd85-c7a1-41db-aae0-acc3d36b1523" xlink:to="loc_csr_Series2021AMember_601b5e80-2d05-40ae-9e27-cf1f4c446e5f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_Series2021BMember_545eef0c-0d5c-4175-b2ad-a535622d78fb" xlink:href="csr-20220331.xsd#csr_Series2021BMember"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_dc65fd85-c7a1-41db-aae0-acc3d36b1523" xlink:to="loc_csr_Series2021BMember_545eef0c-0d5c-4175-b2ad-a535622d78fb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_Series2021CMember_544561f2-cc37-4087-a052-3aadcf798e08" xlink:href="csr-20220331.xsd#csr_Series2021CMember"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_dc65fd85-c7a1-41db-aae0-acc3d36b1523" xlink:to="loc_csr_Series2021CMember_544561f2-cc37-4087-a052-3aadcf798e08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_Series2021DMember_5a049254-5e71-413f-bdee-fea4ef1a6221" xlink:href="csr-20220331.xsd#csr_Series2021DMember"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_dc65fd85-c7a1-41db-aae0-acc3d36b1523" xlink:to="loc_csr_Series2021DMember_5a049254-5e71-413f-bdee-fea4ef1a6221" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_f05468a8-514a-4a39-867c-15f11e98e24c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_e3fceade-21fe-4e4d-921a-ccb4db456e23" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_f05468a8-514a-4a39-867c-15f11e98e24c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_3d8cd0f4-c7b5-49cd-b723-725066494037" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_f05468a8-514a-4a39-867c-15f11e98e24c" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_3d8cd0f4-c7b5-49cd-b723-725066494037" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnsecuredDebtMember_b7a3c1a9-8c9a-4fb3-8d80-790cbc9c71f3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_UnsecuredDebtMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_3d8cd0f4-c7b5-49cd-b723-725066494037" xlink:to="loc_us-gaap_UnsecuredDebtMember_b7a3c1a9-8c9a-4fb3-8d80-790cbc9c71f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditFacilityLineItems_39d78550-30a4-441e-b6ef-c8e35eec5eb8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditFacilityLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityTable_e3fceade-21fe-4e4d-921a-ccb4db456e23" xlink:to="loc_us-gaap_LineOfCreditFacilityLineItems_39d78550-30a4-441e-b6ef-c8e35eec5eb8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentFaceAmount_6e1d240b-6300-42a8-8de3-60d503127048" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentFaceAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_39d78550-30a4-441e-b6ef-c8e35eec5eb8" xlink:to="loc_us-gaap_DebtInstrumentFaceAmount_6e1d240b-6300-42a8-8de3-60d503127048" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_eb813a07-ce73-4d33-9830-5092a98b1ff7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LineOfCreditFacilityLineItems_39d78550-30a4-441e-b6ef-c8e35eec5eb8" xlink:to="loc_us-gaap_DebtInstrumentInterestRateStatedPercentage_eb813a07-ce73-4d33-9830-5092a98b1ff7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/DEBTScheduleofDebtDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#DEBTScheduleofDebtDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/DEBTScheduleofDebtDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_fae332f3-eab1-4a75-8c22-985c6ee55605" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentTable_da6b4e3a-5e44-4ad2-a8f1-8fdde2f38ed9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_fae332f3-eab1-4a75-8c22-985c6ee55605" xlink:to="loc_us-gaap_DebtInstrumentTable_da6b4e3a-5e44-4ad2-a8f1-8fdde2f38ed9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityAxis_acaa3bfc-b6a4-4b66-a695-9d87ab3f383f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CreditFacilityAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_da6b4e3a-5e44-4ad2-a8f1-8fdde2f38ed9" xlink:to="loc_us-gaap_CreditFacilityAxis_acaa3bfc-b6a4-4b66-a695-9d87ab3f383f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CreditFacilityDomain_e5772bda-5f7e-4b18-b909-3c1bb4f9879a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CreditFacilityDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityAxis_acaa3bfc-b6a4-4b66-a695-9d87ab3f383f" xlink:to="loc_us-gaap_CreditFacilityDomain_e5772bda-5f7e-4b18-b909-3c1bb4f9879a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnsecuredDebtMember_2e1c86b1-de8d-439b-91d7-52baaca173df" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_UnsecuredDebtMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CreditFacilityDomain_e5772bda-5f7e-4b18-b909-3c1bb4f9879a" xlink:to="loc_us-gaap_UnsecuredDebtMember_2e1c86b1-de8d-439b-91d7-52baaca173df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_5e9f66ca-fd20-4059-8f40-63008ce6ee98" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_da6b4e3a-5e44-4ad2-a8f1-8fdde2f38ed9" xlink:to="loc_us-gaap_DebtInstrumentAxis_5e9f66ca-fd20-4059-8f40-63008ce6ee98" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_4948ab0a-3f65-429b-85b5-e0a168dfc40e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_5e9f66ca-fd20-4059-8f40-63008ce6ee98" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_4948ab0a-3f65-429b-85b5-e0a168dfc40e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PrimaryLineOfCreditMember_a691c4cf-c5cd-415f-a72f-eadc38c13ca1" xlink:href="csr-20220331.xsd#csr_PrimaryLineOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_4948ab0a-3f65-429b-85b5-e0a168dfc40e" xlink:to="loc_csr_PrimaryLineOfCreditMember_a691c4cf-c5cd-415f-a72f-eadc38c13ca1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_FannieMaeCreditFacilityAgreementMember_28980ed5-6add-436e-9832-a9dcb65ac8ea" xlink:href="csr-20220331.xsd#csr_FannieMaeCreditFacilityAgreementMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_4948ab0a-3f65-429b-85b5-e0a168dfc40e" xlink:to="loc_csr_FannieMaeCreditFacilityAgreementMember_28980ed5-6add-436e-9832-a9dcb65ac8ea" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_MortgagesPayableOtherMember_5d4761a5-f57b-4278-84db-208850d45eb3" xlink:href="csr-20220331.xsd#csr_MortgagesPayableOtherMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_4948ab0a-3f65-429b-85b5-e0a168dfc40e" xlink:to="loc_csr_MortgagesPayableOtherMember_5d4761a5-f57b-4278-84db-208850d45eb3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_bc74afab-353d-4d61-9444-c2658b1b8f33" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_da6b4e3a-5e44-4ad2-a8f1-8fdde2f38ed9" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_bc74afab-353d-4d61-9444-c2658b1b8f33" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_c67582ee-446e-4eec-a6a4-9b82e7c71106" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_bc74afab-353d-4d61-9444-c2658b1b8f33" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_c67582ee-446e-4eec-a6a4-9b82e7c71106" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LineOfCreditMember_be0b22aa-6a86-45f5-becb-5841080e04ce" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LineOfCreditMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_c67582ee-446e-4eec-a6a4-9b82e7c71106" xlink:to="loc_us-gaap_LineOfCreditMember_be0b22aa-6a86-45f5-becb-5841080e04ce" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SeniorNotesMember_4fd2dd22-11d5-4c7c-9105-547b5a29e04f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SeniorNotesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_c67582ee-446e-4eec-a6a4-9b82e7c71106" xlink:to="loc_us-gaap_SeniorNotesMember_4fd2dd22-11d5-4c7c-9105-547b5a29e04f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgagesMember_6eb6e9be-a24f-41d7-8018-459639fde44d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MortgagesMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_c67582ee-446e-4eec-a6a4-9b82e7c71106" xlink:to="loc_us-gaap_MortgagesMember_6eb6e9be-a24f-41d7-8018-459639fde44d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentLineItems_67b972af-3d08-47b9-bfea-33568ddf9ac7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentTable_da6b4e3a-5e44-4ad2-a8f1-8fdde2f38ed9" xlink:to="loc_us-gaap_DebtInstrumentLineItems_67b972af-3d08-47b9-bfea-33568ddf9ac7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentCarryingAmount_4b190615-5c02-4651-87f0-a012acb084ab" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentCarryingAmount"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_67b972af-3d08-47b9-bfea-33568ddf9ac7" xlink:to="loc_us-gaap_DebtInstrumentCarryingAmount_4b190615-5c02-4651-87f0-a012acb084ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_DebtInstrumentWeightedAverageMaturity_aaf124ef-4db9-40b9-b989-b898ef093742" xlink:href="csr-20220331.xsd#csr_DebtInstrumentWeightedAverageMaturity"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_67b972af-3d08-47b9-bfea-33568ddf9ac7" xlink:to="loc_csr_DebtInstrumentWeightedAverageMaturity_aaf124ef-4db9-40b9-b989-b898ef093742" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtWeightedAverageInterestRate_b3d4465b-ffd3-416d-b085-cfe64c9698e3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtWeightedAverageInterestRate"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentLineItems_67b972af-3d08-47b9-bfea-33568ddf9ac7" xlink:to="loc_us-gaap_DebtWeightedAverageInterestRate_b3d4465b-ffd3-416d-b085-cfe64c9698e3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/DEBTScheduleoffuturepaymentsDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#DEBTScheduleoffuturepaymentsDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/DEBTScheduleoffuturepaymentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtDisclosureAbstract_26caeb23-064f-4832-b006-71e1b5ac112c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_0422eb5e-c303-4577-a410-ffc1e5037168" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_26caeb23-064f-4832-b006-71e1b5ac112c" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear_0422eb5e-c303-4577-a410-ffc1e5037168" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_8f9e52fe-d73a-4fb6-b037-f78851185a0d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_26caeb23-064f-4832-b006-71e1b5ac112c" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_8f9e52fe-d73a-4fb6-b037-f78851185a0d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_79747eed-b165-47a2-9494-1fd20391208f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_26caeb23-064f-4832-b006-71e1b5ac112c" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_79747eed-b165-47a2-9494-1fd20391208f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_dee3cbf7-f3c4-4d20-a2a5-76a1b14a6b15" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_26caeb23-064f-4832-b006-71e1b5ac112c" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_dee3cbf7-f3c4-4d20-a2a5-76a1b14a6b15" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_7a70fb4a-ee78-451d-96e8-2a2636f309ba" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_26caeb23-064f-4832-b006-71e1b5ac112c" xlink:to="loc_us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_7a70fb4a-ee78-451d-96e8-2a2636f309ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_LongTermDebtMaturityAfterYearFour_ad5ff3bd-b0f1-4de1-8100-a73dd476991e" xlink:href="csr-20220331.xsd#csr_LongTermDebtMaturityAfterYearFour"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_26caeb23-064f-4832-b006-71e1b5ac112c" xlink:to="loc_csr_LongTermDebtMaturityAfterYearFour_ad5ff3bd-b0f1-4de1-8100-a73dd476991e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_ac0f77c1-5b99-4680-a39c-fd36f6cebd9d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtDisclosureAbstract_26caeb23-064f-4832-b006-71e1b5ac112c" xlink:to="loc_us-gaap_LongTermDebt_ac0f77c1-5b99-4680-a39c-fd36f6cebd9d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/DERIVATIVEINSTRUMENTS" xlink:type="simple" xlink:href="csr-20220331.xsd#DERIVATIVEINSTRUMENTS"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/DERIVATIVEINSTRUMENTS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_915a4a7f-527c-42e3-abd5-40ae92b5b683" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_f99df76a-08d7-4a29-8442-046bbb396042" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_915a4a7f-527c-42e3-abd5-40ae92b5b683" xlink:to="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_f99df76a-08d7-4a29-8442-046bbb396042" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/DERIVATIVEINSTRUMENTSTables" xlink:type="simple" xlink:href="csr-20220331.xsd#DERIVATIVEINSTRUMENTSTables"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/DERIVATIVEINSTRUMENTSTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_a07b20a0-0eb7-4a62-ac23-46a649dac9e2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfDerivativeAssetsAtFairValueTableTextBlock_91d9bca4-43bf-45b3-bfcc-e3631d801dec" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfDerivativeAssetsAtFairValueTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_a07b20a0-0eb7-4a62-ac23-46a649dac9e2" xlink:to="loc_us-gaap_ScheduleOfDerivativeAssetsAtFairValueTableTextBlock_91d9bca4-43bf-45b3-bfcc-e3631d801dec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock_c26425fb-85fe-4fb7-95c1-586f84434989" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_a07b20a0-0eb7-4a62-ac23-46a649dac9e2" xlink:to="loc_us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock_c26425fb-85fe-4fb7-95c1-586f84434989" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/DERIVATIVEINSTRUMENTSAdditionalInformationDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#DERIVATIVEINSTRUMENTSAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/DERIVATIVEINSTRUMENTSAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_bbe1fa6f-6729-4ee4-b1cf-2dd645281962" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_2ba66628-8946-4d4f-b4a0-692723cba046" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_bbe1fa6f-6729-4ee4-b1cf-2dd645281962" xlink:to="loc_us-gaap_DerivativeTable_2ba66628-8946-4d4f-b4a0-692723cba046" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_7c6edbe3-acc6-42e3-bab7-0af3d0f8bc5a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_2ba66628-8946-4d4f-b4a0-692723cba046" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_7c6edbe3-acc6-42e3-bab7-0af3d0f8bc5a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_75112597-5971-42ce-b388-c2d2a0b991ab" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_7c6edbe3-acc6-42e3-bab7-0af3d0f8bc5a" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_75112597-5971-42ce-b388-c2d2a0b991ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_328f0224-2d19-4f92-917d-e6653c527fd2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_75112597-5971-42ce-b388-c2d2a0b991ab" xlink:to="loc_us-gaap_InterestRateSwapMember_328f0224-2d19-4f92-917d-e6653c527fd2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ForwardContractsMember_15388993-1225-418c-8be7-77ac75043f37" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ForwardContractsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_75112597-5971-42ce-b388-c2d2a0b991ab" xlink:to="loc_us-gaap_ForwardContractsMember_15388993-1225-418c-8be7-77ac75043f37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationAxis_06f9d2c3-f000-4424-a7aa-4a019d2d56fa" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_HedgingDesignationAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_2ba66628-8946-4d4f-b4a0-692723cba046" xlink:to="loc_us-gaap_HedgingDesignationAxis_06f9d2c3-f000-4424-a7aa-4a019d2d56fa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationDomain_e70d59fd-242e-4230-99df-240f4e0f94ad" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_HedgingDesignationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_06f9d2c3-f000-4424-a7aa-4a019d2d56fa" xlink:to="loc_us-gaap_HedgingDesignationDomain_e70d59fd-242e-4230-99df-240f4e0f94ad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DesignatedAsHedgingInstrumentMember_6eb8f31e-33ff-4909-a486-7f62b23214ec" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_e70d59fd-242e-4230-99df-240f4e0f94ad" xlink:to="loc_us-gaap_DesignatedAsHedgingInstrumentMember_6eb8f31e-33ff-4909-a486-7f62b23214ec" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NondesignatedMember_973e514e-9f56-4889-b86b-aa30b57844cd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NondesignatedMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_e70d59fd-242e-4230-99df-240f4e0f94ad" xlink:to="loc_us-gaap_NondesignatedMember_973e514e-9f56-4889-b86b-aa30b57844cd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_StatementScenarioAxis_5d6da528-78ba-4917-82d2-9d680f2692b5" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_StatementScenarioAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_2ba66628-8946-4d4f-b4a0-692723cba046" xlink:to="loc_srt_StatementScenarioAxis_5d6da528-78ba-4917-82d2-9d680f2692b5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioUnspecifiedDomain_7326eb8f-c3c3-43d9-9f30-f6e9762578c1" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_ScenarioUnspecifiedDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_StatementScenarioAxis_5d6da528-78ba-4917-82d2-9d680f2692b5" xlink:to="loc_srt_ScenarioUnspecifiedDomain_7326eb8f-c3c3-43d9-9f30-f6e9762578c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_ScenarioForecastMember_7104b927-4e0d-4c73-a95e-1e0dd7fdbe2e" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_ScenarioForecastMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_ScenarioUnspecifiedDomain_7326eb8f-c3c3-43d9-9f30-f6e9762578c1" xlink:to="loc_srt_ScenarioForecastMember_7104b927-4e0d-4c73-a95e-1e0dd7fdbe2e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_331e23e3-8b80-4312-956b-6d15534c990e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_2ba66628-8946-4d4f-b4a0-692723cba046" xlink:to="loc_us-gaap_DerivativeLineItems_331e23e3-8b80-4312-956b-6d15534c990e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_06174b27-fe3d-45b8-baa3-ad25c367de03" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_331e23e3-8b80-4312-956b-6d15534c990e" xlink:to="loc_us-gaap_CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths_06174b27-fe3d-45b8-baa3-ad25c367de03" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeGainLossOnDerivativeNet_e72399c2-d4c4-4119-88cb-2829b3a60520" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeGainLossOnDerivativeNet"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_331e23e3-8b80-4312-956b-6d15534c990e" xlink:to="loc_us-gaap_DerivativeGainLossOnDerivativeNet_e72399c2-d4c4-4119-88cb-2829b3a60520" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PaymentsForTerminationOfDerivative_dffa2ba7-7a76-49a3-9cef-3091d4c5a88f" xlink:href="csr-20220331.xsd#csr_PaymentsForTerminationOfDerivative"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_331e23e3-8b80-4312-956b-6d15534c990e" xlink:to="loc_csr_PaymentsForTerminationOfDerivative_dffa2ba7-7a76-49a3-9cef-3091d4c5a88f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetNotionalAmount_796ff72d-3508-49eb-a19c-cbcfef4ca755" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeAssetNotionalAmount"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_331e23e3-8b80-4312-956b-6d15534c990e" xlink:to="loc_us-gaap_DerivativeAssetNotionalAmount_796ff72d-3508-49eb-a19c-cbcfef4ca755" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeAssetNumberOfInstrumentsHeld_6ee5f6ef-b5d9-4874-8e4d-de58800c3ecd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeAssetNumberOfInstrumentsHeld"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_331e23e3-8b80-4312-956b-6d15534c990e" xlink:to="loc_us-gaap_DerivativeAssetNumberOfInstrumentsHeld_6ee5f6ef-b5d9-4874-8e4d-de58800c3ecd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/DERIVATIVEINSTRUMENTSFairValueofDerivativeFinancialInstrumentsDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#DERIVATIVEINSTRUMENTSFairValueofDerivativeFinancialInstrumentsDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/DERIVATIVEINSTRUMENTSFairValueofDerivativeFinancialInstrumentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_cb6c95c2-1d71-427f-b23a-0e1738175fa9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_3fc561a4-07e7-491b-bdd4-1cad01bad37d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_cb6c95c2-1d71-427f-b23a-0e1738175fa9" xlink:to="loc_us-gaap_DerivativeTable_3fc561a4-07e7-491b-bdd4-1cad01bad37d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_824fb5a4-9c99-4f6a-bdf7-bd382abce837" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_3fc561a4-07e7-491b-bdd4-1cad01bad37d" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_824fb5a4-9c99-4f6a-bdf7-bd382abce837" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_f873453f-779c-4ab7-96c4-3b2f6d5dd8ca" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_824fb5a4-9c99-4f6a-bdf7-bd382abce837" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_f873453f-779c-4ab7-96c4-3b2f6d5dd8ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_8d9db376-fc83-4cce-8a15-a0cac8e4f4f4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_f873453f-779c-4ab7-96c4-3b2f6d5dd8ca" xlink:to="loc_us-gaap_InterestRateSwapMember_8d9db376-fc83-4cce-8a15-a0cac8e4f4f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationAxis_fd8752c5-72d8-4c66-9b9f-e7dc4582268a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_HedgingDesignationAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_3fc561a4-07e7-491b-bdd4-1cad01bad37d" xlink:to="loc_us-gaap_HedgingDesignationAxis_fd8752c5-72d8-4c66-9b9f-e7dc4582268a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_HedgingDesignationDomain_88b5fa38-ee8f-4937-a315-d86f98b6e1f3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_HedgingDesignationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationAxis_fd8752c5-72d8-4c66-9b9f-e7dc4582268a" xlink:to="loc_us-gaap_HedgingDesignationDomain_88b5fa38-ee8f-4937-a315-d86f98b6e1f3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DesignatedAsHedgingInstrumentMember_d376dd94-84ee-4fdf-9196-e5e77c81f2df" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DesignatedAsHedgingInstrumentMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_88b5fa38-ee8f-4937-a315-d86f98b6e1f3" xlink:to="loc_us-gaap_DesignatedAsHedgingInstrumentMember_d376dd94-84ee-4fdf-9196-e5e77c81f2df" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NondesignatedMember_f473b332-c9fc-485c-beb2-f0315cd9615a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NondesignatedMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_HedgingDesignationDomain_88b5fa38-ee8f-4937-a315-d86f98b6e1f3" xlink:to="loc_us-gaap_NondesignatedMember_f473b332-c9fc-485c-beb2-f0315cd9615a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_f1e9f6e2-dbf7-4f0f-b44a-70c418ab6c86" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BalanceSheetLocationAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_3fc561a4-07e7-491b-bdd4-1cad01bad37d" xlink:to="loc_us-gaap_BalanceSheetLocationAxis_f1e9f6e2-dbf7-4f0f-b44a-70c418ab6c86" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_db0ab62a-b878-464b-b6e3-04775991c9b6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BalanceSheetLocationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetLocationAxis_f1e9f6e2-dbf7-4f0f-b44a-70c418ab6c86" xlink:to="loc_us-gaap_BalanceSheetLocationDomain_db0ab62a-b878-464b-b6e3-04775991c9b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_632bee86-1038-4932-9a05-2fbcf68ddf4a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AccountsPayableAndAccruedLiabilitiesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BalanceSheetLocationDomain_db0ab62a-b878-464b-b6e3-04775991c9b6" xlink:to="loc_us-gaap_AccountsPayableAndAccruedLiabilitiesMember_632bee86-1038-4932-9a05-2fbcf68ddf4a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_6f954404-ca3e-4d30-82e3-215f8ee15a27" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_3fc561a4-07e7-491b-bdd4-1cad01bad37d" xlink:to="loc_us-gaap_DerivativeLineItems_6f954404-ca3e-4d30-82e3-215f8ee15a27" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_5466e993-f75b-4e49-9ac9-4f904640b71e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_6f954404-ca3e-4d30-82e3-215f8ee15a27" xlink:to="loc_us-gaap_DerivativeLiabilities_5466e993-f75b-4e49-9ac9-4f904640b71e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/DERIVATIVEINSTRUMENTSDerivativeInstrumentsonStatementofOperationsDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#DERIVATIVEINSTRUMENTSDerivativeInstrumentsonStatementofOperationsDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/DERIVATIVEINSTRUMENTSDerivativeInstrumentsonStatementofOperationsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_3d8f48fb-c920-4a3a-a1f6-e40865ff7b14" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeTable_aef5f50a-56b8-434c-851e-fdc8d8ba98a9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_3d8f48fb-c920-4a3a-a1f6-e40865ff7b14" xlink:to="loc_us-gaap_DerivativeTable_aef5f50a-56b8-434c-851e-fdc8d8ba98a9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_aef02a99-7eda-41dc-bcad-ae8f6ef77f18" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_aef5f50a-56b8-434c-851e-fdc8d8ba98a9" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_aef02a99-7eda-41dc-bcad-ae8f6ef77f18" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_ef641bd3-91bc-4935-b46e-cd848059180b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_aef02a99-7eda-41dc-bcad-ae8f6ef77f18" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_ef641bd3-91bc-4935-b46e-cd848059180b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateContractMember_dcf075b7-6312-46a2-a540-d78ccbe78c93" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InterestRateContractMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_ef641bd3-91bc-4935-b46e-cd848059180b" xlink:to="loc_us-gaap_InterestRateContractMember_dcf075b7-6312-46a2-a540-d78ccbe78c93" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_68b1fbc6-9713-4778-9e4e-067ecdfc8c08" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_aef5f50a-56b8-434c-851e-fdc8d8ba98a9" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_68b1fbc6-9713-4778-9e4e-067ecdfc8c08" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_347dd875-609f-41d4-b2ea-2bf756256757" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_68b1fbc6-9713-4778-9e4e-067ecdfc8c08" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_347dd875-609f-41d4-b2ea-2bf756256757" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpenseMember_4f12f760-fa93-47d8-babf-99602af17f54" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InterestExpenseMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_347dd875-609f-41d4-b2ea-2bf756256757" xlink:to="loc_us-gaap_InterestExpenseMember_4f12f760-fa93-47d8-babf-99602af17f54" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLineItems_950e211e-a72e-4418-b3c8-e2d3bd46e8ba" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeTable_aef5f50a-56b8-434c-851e-fdc8d8ba98a9" xlink:to="loc_us-gaap_DerivativeLineItems_950e211e-a72e-4418-b3c8-e2d3bd46e8ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_1be8c436-267c-4c52-9a7e-5bcc18f183ca" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_950e211e-a72e-4418-b3c8-e2d3bd46e8ba" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax_1be8c436-267c-4c52-9a7e-5bcc18f183ca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_04e66d33-f9b6-4d95-981a-eff42d8fe8db" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeLineItems_950e211e-a72e-4418-b3c8-e2d3bd46e8ba" xlink:to="loc_us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax_04e66d33-f9b6-4d95-981a-eff42d8fe8db" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTS" xlink:type="simple" xlink:href="csr-20220331.xsd#FAIRVALUEMEASUREMENTS"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_ffda94b2-97e5-48fa-8584-184a96cdd51c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresTextBlock_696ad3fc-ee43-4367-8f1c-9a17a8207bed" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueDisclosuresTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_ffda94b2-97e5-48fa-8584-184a96cdd51c" xlink:to="loc_us-gaap_FairValueDisclosuresTextBlock_696ad3fc-ee43-4367-8f1c-9a17a8207bed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTSTables" xlink:type="simple" xlink:href="csr-20220331.xsd#FAIRVALUEMEASUREMENTSTables"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTSTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_ca845b68-0125-47fa-ba3a-833119137974" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_1a678cda-b7f8-4f8b-a999-36a4512e67ef" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_ca845b68-0125-47fa-ba3a-833119137974" xlink:to="loc_us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock_1a678cda-b7f8-4f8b-a999-36a4512e67ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_5cff6638-3780-42eb-ac43-3c5fe3a24dca" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_ca845b68-0125-47fa-ba3a-833119137974" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_5cff6638-3780-42eb-ac43-3c5fe3a24dca" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTSFairValueMeasurementsonaRecurringBasisDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#FAIRVALUEMEASUREMENTSFairValueMeasurementsonaRecurringBasisDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTSFairValueMeasurementsonaRecurringBasisDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_e7fdef6c-cde3-4f8d-8b15-05d4f35b8bf2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_b5a8ad63-3626-43fe-8437-d4e54d82a7be" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_e7fdef6c-cde3-4f8d-8b15-05d4f35b8bf2" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_b5a8ad63-3626-43fe-8437-d4e54d82a7be" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_28f09489-50af-4261-82d8-04c4d3e10beb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_b5a8ad63-3626-43fe-8437-d4e54d82a7be" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_28f09489-50af-4261-82d8-04c4d3e10beb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_afc3e163-3ed2-46e9-a6c8-b88c9ba7f42e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_28f09489-50af-4261-82d8-04c4d3e10beb" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_afc3e163-3ed2-46e9-a6c8-b88c9ba7f42e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_8b29bd3e-ac00-4499-b04e-b71fbddd2baa" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_afc3e163-3ed2-46e9-a6c8-b88c9ba7f42e" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_8b29bd3e-ac00-4499-b04e-b71fbddd2baa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_80df9f12-cd75-4f45-8041-0c78f77d429c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_b5a8ad63-3626-43fe-8437-d4e54d82a7be" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_80df9f12-cd75-4f45-8041-0c78f77d429c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_106b23d3-8eb2-492a-8832-be374ecf3be9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_80df9f12-cd75-4f45-8041-0c78f77d429c" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_106b23d3-8eb2-492a-8832-be374ecf3be9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_16d2837a-596c-45ff-825e-41316c27e2aa" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueInputsLevel1Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_106b23d3-8eb2-492a-8832-be374ecf3be9" xlink:to="loc_us-gaap_FairValueInputsLevel1Member_16d2837a-596c-45ff-825e-41316c27e2aa" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel2Member_c5918c57-74e8-44b8-8bca-966ae36ff462" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueInputsLevel2Member"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_106b23d3-8eb2-492a-8832-be374ecf3be9" xlink:to="loc_us-gaap_FairValueInputsLevel2Member_c5918c57-74e8-44b8-8bca-966ae36ff462" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_b0754e28-5b3e-4e54-a58b-b6e0b4bcb74e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_106b23d3-8eb2-492a-8832-be374ecf3be9" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_b0754e28-5b3e-4e54-a58b-b6e0b4bcb74e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_97171769-c9ca-46ca-89e5-2c795269131d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_b5a8ad63-3626-43fe-8437-d4e54d82a7be" xlink:to="loc_us-gaap_DerivativeInstrumentRiskAxis_97171769-c9ca-46ca-89e5-2c795269131d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_5a1bf5a4-f74d-41a1-87d1-bb7168f4ce04" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeContractTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeInstrumentRiskAxis_97171769-c9ca-46ca-89e5-2c795269131d" xlink:to="loc_us-gaap_DerivativeContractTypeDomain_5a1bf5a4-f74d-41a1-87d1-bb7168f4ce04" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestRateSwapMember_7281143b-2b80-4098-809d-26738fba043e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InterestRateSwapMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_5a1bf5a4-f74d-41a1-87d1-bb7168f4ce04" xlink:to="loc_us-gaap_InterestRateSwapMember_7281143b-2b80-4098-809d-26738fba043e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_fe39da00-ceb7-4a45-aa95-8fcc86b8c78c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_b5a8ad63-3626-43fe-8437-d4e54d82a7be" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_fe39da00-ceb7-4a45-aa95-8fcc86b8c78c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesFairValueDisclosure_bdd15325-cf71-4d77-86b7-34d52aef0541" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ReceivablesFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_fe39da00-ceb7-4a45-aa95-8fcc86b8c78c" xlink:to="loc_us-gaap_ReceivablesFairValueDisclosure_bdd15325-cf71-4d77-86b7-34d52aef0541" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DerivativeLiabilities_c78a2d77-c871-4522-b049-640552155b3d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DerivativeLiabilities"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_fe39da00-ceb7-4a45-aa95-8fcc86b8c78c" xlink:to="loc_us-gaap_DerivativeLiabilities_c78a2d77-c871-4522-b049-640552155b3d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTSNarrativeDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#FAIRVALUEMEASUREMENTSNarrativeDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTSNarrativeDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_bcbc3564-0345-4442-9b7f-00963318c450" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_914a135d-2620-4432-8b98-fe875d1928ad" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_bcbc3564-0345-4442-9b7f-00963318c450" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_914a135d-2620-4432-8b98-fe875d1928ad" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_3cf032e0-ed87-4174-be3d-e08841849bf4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_914a135d-2620-4432-8b98-fe875d1928ad" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_3cf032e0-ed87-4174-be3d-e08841849bf4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_b4d05a5e-62c6-45e7-9d94-4dff2254ed3c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_3cf032e0-ed87-4174-be3d-e08841849bf4" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_b4d05a5e-62c6-45e7-9d94-4dff2254ed3c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_dc346583-e0ba-40ed-be70-12908a614ebc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_b4d05a5e-62c6-45e7-9d94-4dff2254ed3c" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_dc346583-e0ba-40ed-be70-12908a614ebc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_6fd08598-3d24-49e9-a2a2-e0aaa4245fd9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_914a135d-2620-4432-8b98-fe875d1928ad" xlink:to="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_6fd08598-3d24-49e9-a2a2-e0aaa4245fd9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3a582c3b-5b11-4818-99b7-2aed69a5560f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByFairValueHierarchyLevelAxis_6fd08598-3d24-49e9-a2a2-e0aaa4245fd9" xlink:to="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3a582c3b-5b11-4818-99b7-2aed69a5560f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_702a4d17-1cde-4f4e-b81f-3b94edb8de5e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueInputsLevel3Member"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3a582c3b-5b11-4818-99b7-2aed69a5560f" xlink:to="loc_us-gaap_FairValueInputsLevel3Member_702a4d17-1cde-4f4e-b81f-3b94edb8de5e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember_0f5e236f-9920-42ba-b2c3-84b8a0d10c2d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementsFairValueHierarchyDomain_3a582c3b-5b11-4818-99b7-2aed69a5560f" xlink:to="loc_us-gaap_FairValueMeasuredAtNetAssetValuePerShareMember_0f5e236f-9920-42ba-b2c3-84b8a0d10c2d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeAxis_a3c282f2-a62f-4ff8-9c54-8e8c2506bb7b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MeasurementInputTypeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_914a135d-2620-4432-8b98-fe875d1928ad" xlink:to="loc_us-gaap_MeasurementInputTypeAxis_a3c282f2-a62f-4ff8-9c54-8e8c2506bb7b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputTypeDomain_89f69c9c-3ad5-4a4e-9867-29fe856e773d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MeasurementInputTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeAxis_a3c282f2-a62f-4ff8-9c54-8e8c2506bb7b" xlink:to="loc_us-gaap_MeasurementInputTypeDomain_89f69c9c-3ad5-4a4e-9867-29fe856e773d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputRiskFreeInterestRateMember_46b7dec7-14f0-402e-81d8-255d73f249f2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MeasurementInputRiskFreeInterestRateMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_89f69c9c-3ad5-4a4e-9867-29fe856e773d" xlink:to="loc_us-gaap_MeasurementInputRiskFreeInterestRateMember_46b7dec7-14f0-402e-81d8-255d73f249f2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MeasurementInputEntityCreditRiskMember_a703122a-1bb1-4a0a-93b5-495f9744060f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MeasurementInputEntityCreditRiskMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_89f69c9c-3ad5-4a4e-9867-29fe856e773d" xlink:to="loc_us-gaap_MeasurementInputEntityCreditRiskMember_a703122a-1bb1-4a0a-93b5-495f9744060f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeAxis_e5ea7b37-59c6-4901-8c76-4f51ba262e37" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_914a135d-2620-4432-8b98-fe875d1928ad" xlink:to="loc_srt_RangeAxis_e5ea7b37-59c6-4901-8c76-4f51ba262e37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_RangeMember_a48534aa-81d0-4349-8ea7-013d1186d6f9" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_RangeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeAxis_e5ea7b37-59c6-4901-8c76-4f51ba262e37" xlink:to="loc_srt_RangeMember_a48534aa-81d0-4349-8ea7-013d1186d6f9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MinimumMember_e5756a4a-467e-4819-aa6a-618434eb9daf" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MinimumMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_a48534aa-81d0-4349-8ea7-013d1186d6f9" xlink:to="loc_srt_MinimumMember_e5756a4a-467e-4819-aa6a-618434eb9daf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MaximumMember_6d135bfd-6e15-4897-a8b7-9f5aba796b19" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MaximumMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_RangeMember_a48534aa-81d0-4349-8ea7-013d1186d6f9" xlink:to="loc_srt_MaximumMember_6d135bfd-6e15-4897-a8b7-9f5aba796b19" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_6afc67c5-74eb-4ecd-97a0-c6a2d4dada77" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_914a135d-2620-4432-8b98-fe875d1928ad" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_6afc67c5-74eb-4ecd-97a0-c6a2d4dada77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_FinancingReceivablesMeasurementInput_985064a0-4dca-4f0d-9ac2-4a2fd9dc1ea1" xlink:href="csr-20220331.xsd#csr_FinancingReceivablesMeasurementInput"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_6afc67c5-74eb-4ecd-97a0-c6a2d4dada77" xlink:to="loc_csr_FinancingReceivablesMeasurementInput_985064a0-4dca-4f0d-9ac2-4a2fd9dc1ea1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent_1d55ea51-f435-45b0-94dd-fccef5e10bfe" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_6afc67c5-74eb-4ecd-97a0-c6a2d4dada77" xlink:to="loc_us-gaap_EquitySecuritiesFvNiCurrentAndNoncurrent_1d55ea51-f435-45b0-94dd-fccef5e10bfe" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_EquitySecuritiesFVNIUnfundedCommitments_37ecb174-2d40-467c-92b6-0207a2f6bdcf" xlink:href="csr-20220331.xsd#csr_EquitySecuritiesFVNIUnfundedCommitments"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_6afc67c5-74eb-4ecd-97a0-c6a2d4dada77" xlink:to="loc_csr_EquitySecuritiesFVNIUnfundedCommitments_37ecb174-2d40-467c-92b6-0207a2f6bdcf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTSChangesinFairValueofReceivablesDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#FAIRVALUEMEASUREMENTSChangesinFairValueofReceivablesDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTSChangesinFairValueofReceivablesDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_4efffe23-1f55-4403-b191-fbcaccd1a86b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_2914c494-6c03-484e-888d-f55e9a9fd243" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_4efffe23-1f55-4403-b191-fbcaccd1a86b" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_2914c494-6c03-484e-888d-f55e9a9fd243" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementFrequencyAxis_7d07eb3f-3411-4ca8-b934-5649587330b6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueByMeasurementFrequencyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_2914c494-6c03-484e-888d-f55e9a9fd243" xlink:to="loc_us-gaap_FairValueByMeasurementFrequencyAxis_7d07eb3f-3411-4ca8-b934-5649587330b6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementFrequencyDomain_fc840197-54af-4d3c-b501-928fb16553f4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueMeasurementFrequencyDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementFrequencyAxis_7d07eb3f-3411-4ca8-b934-5649587330b6" xlink:to="loc_us-gaap_FairValueMeasurementFrequencyDomain_fc840197-54af-4d3c-b501-928fb16553f4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueMeasurementsRecurringMember_0be3c57b-9947-4aa7-9f3b-cb662ecd89c0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueMeasurementsRecurringMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueMeasurementFrequencyDomain_fc840197-54af-4d3c-b501-928fb16553f4" xlink:to="loc_us-gaap_FairValueMeasurementsRecurringMember_0be3c57b-9947-4aa7-9f3b-cb662ecd89c0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_5d9b1a0f-43d1-4189-a6fd-c2021ca2f590" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeStatementLocationAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_2914c494-6c03-484e-888d-f55e9a9fd243" xlink:to="loc_us-gaap_IncomeStatementLocationAxis_5d9b1a0f-43d1-4189-a6fd-c2021ca2f590" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_1ab94865-870c-43a3-84e0-6d0d856711a2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeStatementLocationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationAxis_5d9b1a0f-43d1-4189-a6fd-c2021ca2f590" xlink:to="loc_us-gaap_IncomeStatementLocationDomain_1ab94865-870c-43a3-84e0-6d0d856711a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_OtherGainsLossesMember_3ea3cbed-f0d5-405b-a7a1-eb3e9a48eded" xlink:href="csr-20220331.xsd#csr_OtherGainsLossesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_1ab94865-870c-43a3-84e0-6d0d856711a2" xlink:to="loc_csr_OtherGainsLossesMember_3ea3cbed-f0d5-405b-a7a1-eb3e9a48eded" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestIncomeMember_774ad264-cc18-4e55-a3d5-279e22801c02" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InterestIncomeMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementLocationDomain_1ab94865-870c-43a3-84e0-6d0d856711a2" xlink:to="loc_us-gaap_InterestIncomeMember_774ad264-cc18-4e55-a3d5-279e22801c02" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_cd4d44b9-4d03-4bc4-baf4-05ba62c81885" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_2914c494-6c03-484e-888d-f55e9a9fd243" xlink:to="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_cd4d44b9-4d03-4bc4-baf4-05ba62c81885" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReceivablesFairValueDisclosure_ccbf0ccd-675b-4b97-95eb-bb7c6e348e6c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ReceivablesFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_cd4d44b9-4d03-4bc4-baf4-05ba62c81885" xlink:to="loc_us-gaap_ReceivablesFairValueDisclosure_ccbf0ccd-675b-4b97-95eb-bb7c6e348e6c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_fad0f4c8-d0b0-4744-814c-92340860b2ab" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_cd4d44b9-4d03-4bc4-baf4-05ba62c81885" xlink:to="loc_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_fad0f4c8-d0b0-4744-814c-92340860b2ab" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTSFinancialAssetsandLiabilitiesNotMeasuredatFairValueDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#FAIRVALUEMEASUREMENTSFinancialAssetsandLiabilitiesNotMeasuredatFairValueDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/FAIRVALUEMEASUREMENTSFinancialAssetsandLiabilitiesNotMeasuredatFairValueDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosuresAbstract_b1603c60-38dc-495b-8840-a938b0182ce5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueDisclosuresAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b162069e-c33c-4cea-85d5-805b91ff0af9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosuresAbstract_b1603c60-38dc-495b-8840-a938b0182ce5" xlink:to="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b162069e-c33c-4cea-85d5-805b91ff0af9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_dc1deb3c-0b78-4f6e-b54a-11585f205020" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b162069e-c33c-4cea-85d5-805b91ff0af9" xlink:to="loc_us-gaap_FairValueByMeasurementBasisAxis_dc1deb3c-0b78-4f6e-b54a-11585f205020" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_e399d273-d219-4b39-aa3c-e7db9b5c02a2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByMeasurementBasisAxis_dc1deb3c-0b78-4f6e-b54a-11585f205020" xlink:to="loc_us-gaap_FairValueDisclosureItemAmountsDomain_e399d273-d219-4b39-aa3c-e7db9b5c02a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_159246f9-bd15-4b45-8832-81d0dc0c864e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PortionAtFairValueFairValueDisclosureMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_e399d273-d219-4b39-aa3c-e7db9b5c02a2" xlink:to="loc_us-gaap_PortionAtFairValueFairValueDisclosureMember_159246f9-bd15-4b45-8832-81d0dc0c864e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_6672357d-61cd-41ca-95a9-38066c64194b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CarryingReportedAmountFairValueDisclosureMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_e399d273-d219-4b39-aa3c-e7db9b5c02a2" xlink:to="loc_us-gaap_CarryingReportedAmountFairValueDisclosureMember_6672357d-61cd-41ca-95a9-38066c64194b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_cee4f4ff-9aa6-4529-a8ab-5196a59a5458" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EstimateOfFairValueFairValueDisclosureMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueDisclosureItemAmountsDomain_e399d273-d219-4b39-aa3c-e7db9b5c02a2" xlink:to="loc_us-gaap_EstimateOfFairValueFairValueDisclosureMember_cee4f4ff-9aa6-4529-a8ab-5196a59a5458" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_ef42be87-c782-4b28-8c69-3184bc52ac67" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b162069e-c33c-4cea-85d5-805b91ff0af9" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_ef42be87-c782-4b28-8c69-3184bc52ac67" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_22899dcb-f531-40ca-8d71-cb289dd4b18b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsAxis_ef42be87-c782-4b28-8c69-3184bc52ac67" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_22899dcb-f531-40ca-8d71-cb289dd4b18b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashMember_1943d50b-74f7-46a3-8aa4-ed023b393cff" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember_22899dcb-f531-40ca-8d71-cb289dd4b18b" xlink:to="loc_us-gaap_CashMember_1943d50b-74f7-46a3-8aa4-ed023b393cff" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeAxis_1a744cc4-2b4d-4708-949f-4acd902e1aa0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeAxis"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b162069e-c33c-4cea-85d5-805b91ff0af9" xlink:to="loc_us-gaap_LongtermDebtTypeAxis_1a744cc4-2b4d-4708-949f-4acd902e1aa0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongtermDebtTypeDomain_64887660-c51e-4914-8514-edd545932965" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongtermDebtTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeAxis_1a744cc4-2b4d-4708-949f-4acd902e1aa0" xlink:to="loc_us-gaap_LongtermDebtTypeDomain_64887660-c51e-4914-8514-edd545932965" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MortgagesMember_01336df3-3102-436d-a867-80ba8b633ec3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MortgagesMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_LongtermDebtTypeDomain_64887660-c51e-4914-8514-edd545932965" xlink:to="loc_us-gaap_MortgagesMember_01336df3-3102-436d-a867-80ba8b633ec3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentAxis_2e2df378-b682-4b55-a7df-cc3a01f6109f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentAxis"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b162069e-c33c-4cea-85d5-805b91ff0af9" xlink:to="loc_us-gaap_DebtInstrumentAxis_2e2df378-b682-4b55-a7df-cc3a01f6109f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DebtInstrumentNameDomain_e182391e-6291-44b6-b0ea-86b524691bb2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DebtInstrumentNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentAxis_2e2df378-b682-4b55-a7df-cc3a01f6109f" xlink:to="loc_us-gaap_DebtInstrumentNameDomain_e182391e-6291-44b6-b0ea-86b524691bb2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_FannieMaeCreditFacilityAgreementMember_e04086e9-a21e-46a5-bb8f-60f209ddaf33" xlink:href="csr-20220331.xsd#csr_FannieMaeCreditFacilityAgreementMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_e182391e-6291-44b6-b0ea-86b524691bb2" xlink:to="loc_csr_FannieMaeCreditFacilityAgreementMember_e04086e9-a21e-46a5-bb8f-60f209ddaf33" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_MortgagesPayableOtherMember_bad95845-fa26-4370-83d1-85779f8567bd" xlink:href="csr-20220331.xsd#csr_MortgagesPayableOtherMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DebtInstrumentNameDomain_e182391e-6291-44b6-b0ea-86b524691bb2" xlink:to="loc_csr_MortgagesPayableOtherMember_bad95845-fa26-4370-83d1-85779f8567bd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_9d95988c-6d39-49a1-861e-0ae920d104c4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueByBalanceSheetGroupingTable_b162069e-c33c-4cea-85d5-805b91ff0af9" xlink:to="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_9d95988c-6d39-49a1-861e-0ae920d104c4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_8bc2f0da-b199-4d29-88b9-5198c6b7550d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_9d95988c-6d39-49a1-861e-0ae920d104c4" xlink:to="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_8bc2f0da-b199-4d29-88b9-5198c6b7550d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_d6d0361c-712d-400f-ad37-ca50c18ecb7d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashAndCashEquivalentsFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_8bc2f0da-b199-4d29-88b9-5198c6b7550d" xlink:to="loc_us-gaap_CashAndCashEquivalentsFairValueDisclosure_d6d0361c-712d-400f-ad37-ca50c18ecb7d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_782a23af-ba8e-4495-8e8b-81b04b859c00" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_9d95988c-6d39-49a1-861e-0ae920d104c4" xlink:to="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_782a23af-ba8e-4495-8e8b-81b04b859c00" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LinesOfCreditFairValueDisclosure_501f4af0-9f78-4efd-8e67-2540f1d8ea77" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LinesOfCreditFairValueDisclosure"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_782a23af-ba8e-4495-8e8b-81b04b859c00" xlink:to="loc_us-gaap_LinesOfCreditFairValueDisclosure_501f4af0-9f78-4efd-8e67-2540f1d8ea77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_UnsecuredDebt_829b8303-3a5e-426d-87dd-300757dd1d65" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_UnsecuredDebt"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_782a23af-ba8e-4495-8e8b-81b04b859c00" xlink:to="loc_us-gaap_UnsecuredDebt_829b8303-3a5e-426d-87dd-300757dd1d65" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_LongTermDebt_7b5aeea3-2b33-4ee9-aa82-69ddd902ac79" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_LongTermDebt"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_782a23af-ba8e-4495-8e8b-81b04b859c00" xlink:to="loc_us-gaap_LongTermDebt_7b5aeea3-2b33-4ee9-aa82-69ddd902ac79" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/ACQUISITIONSANDDISPOSITIONS" xlink:type="simple" xlink:href="csr-20220331.xsd#ACQUISITIONSANDDISPOSITIONS"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/ACQUISITIONSANDDISPOSITIONS" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationAndAssetAcquisitionAbstract_968d64ae-82f3-4975-9868-397fee3f93cc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationAndAssetAcquisitionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_MergersAcquisitionsAndDispositionsDisclosuresTextBlock_a200c58b-70b7-404b-bd1e-43ce5ecab1ef" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_MergersAcquisitionsAndDispositionsDisclosuresTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationAndAssetAcquisitionAbstract_968d64ae-82f3-4975-9868-397fee3f93cc" xlink:to="loc_us-gaap_MergersAcquisitionsAndDispositionsDisclosuresTextBlock_a200c58b-70b7-404b-bd1e-43ce5ecab1ef" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/ACQUISITIONSANDDISPOSITIONSTables" xlink:type="simple" xlink:href="csr-20220331.xsd#ACQUISITIONSANDDISPOSITIONSTables"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/ACQUISITIONSANDDISPOSITIONSTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationAndAssetAcquisitionAbstract_292e6584-ff9b-49a0-8b2e-bdf562734042" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationAndAssetAcquisitionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_98a1cc4d-471c-4c60-b7d1-b25ca941f55a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationAndAssetAcquisitionAbstract_292e6584-ff9b-49a0-8b2e-bdf562734042" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock_98a1cc4d-471c-4c60-b7d1-b25ca941f55a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/ACQUISITIONSANDDISPOSITIONSAcquisitionsDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#ACQUISITIONSANDDISPOSITIONSAcquisitionsDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/ACQUISITIONSANDDISPOSITIONSAcquisitionsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationAndAssetAcquisitionAbstract_dd9acbd6-bb6c-426a-a888-19694246ba83" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationAndAssetAcquisitionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4ab0d588-0215-4c43-8f44-f8eb5139df77" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationAndAssetAcquisitionAbstract_dd9acbd6-bb6c-426a-a888-19694246ba83" xlink:to="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4ab0d588-0215-4c43-8f44-f8eb5139df77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAxis_30d90be0-31bc-4ae6-b7da-3aff7eee2ed3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessAcquisitionAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4ab0d588-0215-4c43-8f44-f8eb5139df77" xlink:to="loc_us-gaap_BusinessAcquisitionAxis_30d90be0-31bc-4ae6-b7da-3aff7eee2ed3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6be16494-7bf7-4585-b308-7d357e841975" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAxis_30d90be0-31bc-4ae6-b7da-3aff7eee2ed3" xlink:to="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6be16494-7bf7-4585-b308-7d357e841975" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_A2022AcquisitionsMember_bd4183e1-9872-4cb7-b8b3-78e7ee38fc77" xlink:href="csr-20220331.xsd#csr_A2022AcquisitionsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6be16494-7bf7-4585-b308-7d357e841975" xlink:to="loc_csr_A2022AcquisitionsMember_bd4183e1-9872-4cb7-b8b3-78e7ee38fc77" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_MartinBluMinneapolisMNMember_81ff157f-ecda-4574-b604-56ecc3102635" xlink:href="csr-20220331.xsd#csr_MartinBluMinneapolisMNMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_A2022AcquisitionsMember_bd4183e1-9872-4cb7-b8b3-78e7ee38fc77" xlink:to="loc_csr_MartinBluMinneapolisMNMember_81ff157f-ecda-4574-b604-56ecc3102635" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_ZestMinneapolisMNMember_8da8595e-17ab-4dce-b07e-2a916eeea9c8" xlink:href="csr-20220331.xsd#csr_ZestMinneapolisMNMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_A2022AcquisitionsMember_bd4183e1-9872-4cb7-b8b3-78e7ee38fc77" xlink:to="loc_csr_ZestMinneapolisMNMember_8da8595e-17ab-4dce-b07e-2a916eeea9c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_ElementsMinneapolisMNMember_20ad9766-1f94-47ff-859f-502e25ffda97" xlink:href="csr-20220331.xsd#csr_ElementsMinneapolisMNMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_A2022AcquisitionsMember_bd4183e1-9872-4cb7-b8b3-78e7ee38fc77" xlink:to="loc_csr_ElementsMinneapolisMNMember_20ad9766-1f94-47ff-859f-502e25ffda97" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NokoApartmentsMinneapolisMNMember_886ba00a-b464-41cd-aff8-7aaf4735f983" xlink:href="csr-20220331.xsd#csr_NokoApartmentsMinneapolisMNMember"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_A2022AcquisitionsMember_bd4183e1-9872-4cb7-b8b3-78e7ee38fc77" xlink:to="loc_csr_NokoApartmentsMinneapolisMNMember_886ba00a-b464-41cd-aff8-7aaf4735f983" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_A2021AcquisitionsMember_a011327f-7aa9-46bc-bb5c-66ba66dfe0c1" xlink:href="csr-20220331.xsd#csr_A2021AcquisitionsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionAcquireeDomain_6be16494-7bf7-4585-b308-7d357e841975" xlink:to="loc_csr_A2021AcquisitionsMember_a011327f-7aa9-46bc-bb5c-66ba66dfe0c1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_UnionPointeApartmentHomesLongmontCOMember_747622b7-4252-4eb0-a399-448c6eea806e" xlink:href="csr-20220331.xsd#csr_UnionPointeApartmentHomesLongmontCOMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_A2021AcquisitionsMember_a011327f-7aa9-46bc-bb5c-66ba66dfe0c1" xlink:to="loc_csr_UnionPointeApartmentHomesLongmontCOMember_747622b7-4252-4eb0-a399-448c6eea806e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessAcquisitionLineItems_f7e8b80a-af76-46c8-9dd1-9e59e5213cac" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessAcquisitionLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTable_4ab0d588-0215-4c43-8f44-f8eb5139df77" xlink:to="loc_us-gaap_BusinessAcquisitionLineItems_f7e8b80a-af76-46c8-9dd1-9e59e5213cac" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_AcquisitionsAndDevelopmentProjectsPlacedInServiceAbstract_97dc414b-d547-4518-bad8-8bb15e3f567a" xlink:href="csr-20220331.xsd#csr_AcquisitionsAndDevelopmentProjectsPlacedInServiceAbstract"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessAcquisitionLineItems_f7e8b80a-af76-46c8-9dd1-9e59e5213cac" xlink:to="loc_csr_AcquisitionsAndDevelopmentProjectsPlacedInServiceAbstract_97dc414b-d547-4518-bad8-8bb15e3f567a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NumberOfRealEstatePropertiesAcquired_22664f3d-e7b2-4f55-a56a-991ed4a67e82" xlink:href="csr-20220331.xsd#csr_NumberOfRealEstatePropertiesAcquired"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_AcquisitionsAndDevelopmentProjectsPlacedInServiceAbstract_97dc414b-d547-4518-bad8-8bb15e3f567a" xlink:to="loc_csr_NumberOfRealEstatePropertiesAcquired_22664f3d-e7b2-4f55-a56a-991ed4a67e82" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferred1_6995f794-e27e-4bab-b7ef-1ef178d1f9a8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferred1"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_AcquisitionsAndDevelopmentProjectsPlacedInServiceAbstract_97dc414b-d547-4518-bad8-8bb15e3f567a" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferred1_6995f794-e27e-4bab-b7ef-1ef178d1f9a8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredAbstract_0632de2f-bdf3-4a1f-bc0e-e78c200645f9" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredAbstract"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_AcquisitionsAndDevelopmentProjectsPlacedInServiceAbstract_97dc414b-d547-4518-bad8-8bb15e3f567a" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferredAbstract_0632de2f-bdf3-4a1f-bc0e-e78c200645f9" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PaymentsToAcquireBusinessesGross_ffda9d31-c230-4984-a267-64f184edada1" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesGross"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationConsiderationTransferredAbstract_0632de2f-bdf3-4a1f-bc0e-e78c200645f9" xlink:to="loc_us-gaap_PaymentsToAcquireBusinessesGross_ffda9d31-c230-4984-a267-64f184edada1" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_e83175d0-b7bc-4b1a-81f3-4f765fb8bcdc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationConsiderationTransferredAbstract_0632de2f-bdf3-4a1f-bc0e-e78c200645f9" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable_e83175d0-b7bc-4b1a-81f3-4f765fb8bcdc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationConsiderationTransferredOther1_0f4eb7d7-ec94-4cfe-81c5-a311e07188da" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationConsiderationTransferredOther1"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationConsiderationTransferredAbstract_0632de2f-bdf3-4a1f-bc0e-e78c200645f9" xlink:to="loc_us-gaap_BusinessCombinationConsiderationTransferredOther1_0f4eb7d7-ec94-4cfe-81c5-a311e07188da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentAbstract_e3e85650-3fd4-4aee-8dce-9e1d1d3c4388" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentAbstract"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_csr_AcquisitionsAndDevelopmentProjectsPlacedInServiceAbstract_97dc414b-d547-4518-bad8-8bb15e3f567a" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentAbstract_e3e85650-3fd4-4aee-8dce-9e1d1d3c4388" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_06d8caad-4d04-407b-a3fd-5c6de433e54f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentAbstract_e3e85650-3fd4-4aee-8dce-9e1d1d3c4388" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLand_06d8caad-4d04-407b-a3fd-5c6de433e54f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings_572be093-7daf-4972-8ad4-6dd8199675dc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentAbstract_e3e85650-3fd4-4aee-8dce-9e1d1d3c4388" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedBuildings_572be093-7daf-4972-8ad4-6dd8199675dc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_d5570777-cd63-40e5-9985-c9668d42b018" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentAbstract_e3e85650-3fd4-4aee-8dce-9e1d1d3c4388" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill_d5570777-cd63-40e5-9985-c9668d42b018" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialLiabilities_51e1289e-66dc-429e-89af-a71d96d0d2da" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialLiabilities"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipmentAbstract_e3e85650-3fd4-4aee-8dce-9e1d1d3c4388" xlink:to="loc_us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialLiabilities_51e1289e-66dc-429e-89af-a71d96d0d2da" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/ACQUISITIONSANDDISPOSITIONSDispositionsDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#ACQUISITIONSANDDISPOSITIONSDispositionsDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/ACQUISITIONSANDDISPOSITIONSDispositionsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_BusinessCombinationAndAssetAcquisitionAbstract_dd4866fb-a29b-4e23-a7e0-b2cae5b1d6d2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_BusinessCombinationAndAssetAcquisitionAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable_7e4c6267-6c1c-44c6-bdbf-4e677c789580" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_BusinessCombinationAndAssetAcquisitionAbstract_dd4866fb-a29b-4e23-a7e0-b2cae5b1d6d2" xlink:to="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable_7e4c6267-6c1c-44c6-bdbf-4e677c789580" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupClassificationAxis_5585e051-d176-402b-947a-f8bab9de7c88" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisposalGroupClassificationAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable_7e4c6267-6c1c-44c6-bdbf-4e677c789580" xlink:to="loc_us-gaap_DisposalGroupClassificationAxis_5585e051-d176-402b-947a-f8bab9de7c88" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupClassificationDomain_0793b010-e983-48f7-a03f-4e3eb38eb279" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisposalGroupClassificationDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisposalGroupClassificationAxis_5585e051-d176-402b-947a-f8bab9de7c88" xlink:to="loc_us-gaap_DisposalGroupClassificationDomain_0793b010-e983-48f7-a03f-4e3eb38eb279" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember_620fd472-05ab-4d15-855e-6a3c887fafda" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisposalGroupClassificationDomain_0793b010-e983-48f7-a03f-4e3eb38eb279" xlink:to="loc_us-gaap_DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember_620fd472-05ab-4d15-855e-6a3c887fafda" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems_b18b2e20-c26c-4c8a-abb7-9dc96fffc9e4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsTable_7e4c6267-6c1c-44c6-bdbf-4e677c789580" xlink:to="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems_b18b2e20-c26c-4c8a-abb7-9dc96fffc9e4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NumberOfPropertiesSold_a915de6a-25d6-42bf-ab9c-d7ec5ab46989" xlink:href="csr-20220331.xsd#csr_NumberOfPropertiesSold"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsLineItems_b18b2e20-c26c-4c8a-abb7-9dc96fffc9e4" xlink:to="loc_csr_NumberOfPropertiesSold_a915de6a-25d6-42bf-ab9c-d7ec5ab46989" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/SEGMENTREPORTING" xlink:type="simple" xlink:href="csr-20220331.xsd#SEGMENTREPORTING"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/SEGMENTREPORTING" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_1824a5da-cb6f-4dd1-9278-a4823c36697f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingDisclosureTextBlock_187d7aee-e1ab-497a-9e26-a095a30ea587" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SegmentReportingDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_1824a5da-cb6f-4dd1-9278-a4823c36697f" xlink:to="loc_us-gaap_SegmentReportingDisclosureTextBlock_187d7aee-e1ab-497a-9e26-a095a30ea587" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/SEGMENTREPORTINGTables" xlink:type="simple" xlink:href="csr-20220331.xsd#SEGMENTREPORTINGTables"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/SEGMENTREPORTINGTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_6bc9f800-cd2e-4c6a-95ca-591bfa88b5fe" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_d238f238-b0c8-4a61-a182-3d2d5b8cbfed" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_6bc9f800-cd2e-4c6a-95ca-591bfa88b5fe" xlink:to="loc_us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock_d238f238-b0c8-4a61-a182-3d2d5b8cbfed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock_77d801f0-46d3-4f70-af91-44b13671686d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_6bc9f800-cd2e-4c6a-95ca-591bfa88b5fe" xlink:to="loc_us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock_77d801f0-46d3-4f70-af91-44b13671686d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/SEGMENTREPORTINGRevenuesandNetOperatingIncomeforReportableSegmentsDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#SEGMENTREPORTINGRevenuesandNetOperatingIncomeforReportableSegmentsDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/SEGMENTREPORTINGRevenuesandNetOperatingIncomeforReportableSegmentsDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_d20238ec-2537-4b99-aff5-115d5fe7611f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_92ebbb2b-fe5d-4e48-883e-475c20873555" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_d20238ec-2537-4b99-aff5-115d5fe7611f" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_92ebbb2b-fe5d-4e48-883e-475c20873555" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_b237009d-9584-4608-8ef3-3d7642650ca3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_92ebbb2b-fe5d-4e48-883e-475c20873555" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_b237009d-9584-4608-8ef3-3d7642650ca3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_238d8c69-da46-47e6-bd59-fd20ef538caf" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_b237009d-9584-4608-8ef3-3d7642650ca3" xlink:to="loc_us-gaap_SegmentDomain_238d8c69-da46-47e6-bd59-fd20ef538caf" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_MultiFamilyResidentialMember_b1a08f51-a470-42c6-bffe-f60f7466007e" xlink:href="csr-20220331.xsd#csr_MultiFamilyResidentialMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_238d8c69-da46-47e6-bd59-fd20ef538caf" xlink:to="loc_csr_MultiFamilyResidentialMember_b1a08f51-a470-42c6-bffe-f60f7466007e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllOtherSegmentsMember_5d072d61-c087-4d99-a5b7-18871e65aa84" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AllOtherSegmentsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_238d8c69-da46-47e6-bd59-fd20ef538caf" xlink:to="loc_us-gaap_AllOtherSegmentsMember_5d072d61-c087-4d99-a5b7-18871e65aa84" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_e5ee2bda-7f7b-407e-a375-3c492ad59555" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_92ebbb2b-fe5d-4e48-883e-475c20873555" xlink:to="loc_us-gaap_SegmentReportingInformationLineItems_e5ee2bda-7f7b-407e-a375-3c492ad59555" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfReportableSegments_22179bf8-b41d-4a57-a1ad-d598a036341f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NumberOfReportableSegments"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_e5ee2bda-7f7b-407e-a375-3c492ad59555" xlink:to="loc_us-gaap_NumberOfReportableSegments_22179bf8-b41d-4a57-a1ad-d598a036341f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SegmentReportingInformationProfitLossAbstract"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_e5ee2bda-7f7b-407e-a375-3c492ad59555" xlink:to="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Revenues_56808079-0009-4b3c-9e97-6f79977a8727" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_Revenues"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:to="loc_us-gaap_Revenues_56808079-0009-4b3c-9e97-6f79977a8727" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_PropertyOperatingExpense_383395dc-1c38-4f30-8c7d-d45627566abd" xlink:href="csr-20220331.xsd#csr_PropertyOperatingExpense"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:to="loc_csr_PropertyOperatingExpense_383395dc-1c38-4f30-8c7d-d45627566abd" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_NetOperatingIncomeLoss_fb800146-a07a-4b3d-8fea-f0f8f0dd3135" xlink:href="csr-20220331.xsd#csr_NetOperatingIncomeLoss"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:to="loc_csr_NetOperatingIncomeLoss_fb800146-a07a-4b3d-8fea-f0f8f0dd3135" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CostOfGoodsAndServicesSold_883e876e-6df5-4c50-92d5-e8370cbbcf75" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CostOfGoodsAndServicesSold"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:to="loc_us-gaap_CostOfGoodsAndServicesSold_883e876e-6df5-4c50-92d5-e8370cbbcf75" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_InsuranceGainLossCasualty_018cd7b8-b33d-4c1e-ad34-944f897ac744" xlink:href="csr-20220331.xsd#csr_InsuranceGainLossCasualty"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:to="loc_csr_InsuranceGainLossCasualty_018cd7b8-b33d-4c1e-ad34-944f897ac744" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DepreciationAndAmortization_6280e666-6cef-4a2f-96cc-b86da181122d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DepreciationAndAmortization"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:to="loc_us-gaap_DepreciationAndAmortization_6280e666-6cef-4a2f-96cc-b86da181122d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GeneralAndAdministrativeExpense_67c9b39e-6745-4cc8-b0ec-4b7ec7a05163" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:to="loc_us-gaap_GeneralAndAdministrativeExpense_67c9b39e-6745-4cc8-b0ec-4b7ec7a05163" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_InterestExpense_64ec8465-fd2f-4144-84ef-861f7fadb1ae" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_InterestExpense"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:to="loc_us-gaap_InterestExpense_64ec8465-fd2f-4144-84ef-861f7fadb1ae" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_InterestAndOtherIncomeLoss_88363316-edc3-4af8-8ece-f24da528a21a" xlink:href="csr-20220331.xsd#csr_InterestAndOtherIncomeLoss"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:to="loc_csr_InterestAndOtherIncomeLoss_88363316-edc3-4af8-8ece-f24da528a21a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ProfitLoss_d75e9852-6024-4e9f-ba2c-e98bfe689981" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ProfitLoss"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationProfitLossAbstract_9a9740f9-e83e-44b2-83e3-156cbe15e949" xlink:to="loc_us-gaap_ProfitLoss_d75e9852-6024-4e9f-ba2c-e98bfe689981" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/SEGMENTREPORTINGSegmentAssetsandAccumulatedDepreciationDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#SEGMENTREPORTINGSegmentAssetsandAccumulatedDepreciationDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/SEGMENTREPORTINGSegmentAssetsandAccumulatedDepreciationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingAbstract_cd19d0db-e4a8-4446-aa67-d43e150450d5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SegmentReportingAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a5638148-69bc-4bd0-b652-eb8ee7e51ed6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingAbstract_cd19d0db-e4a8-4446-aa67-d43e150450d5" xlink:to="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a5638148-69bc-4bd0-b652-eb8ee7e51ed6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_StatementBusinessSegmentsAxis_f3d9f1ca-b334-493b-ab6f-ab46279a8a4e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_StatementBusinessSegmentsAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a5638148-69bc-4bd0-b652-eb8ee7e51ed6" xlink:to="loc_us-gaap_StatementBusinessSegmentsAxis_f3d9f1ca-b334-493b-ab6f-ab46279a8a4e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentDomain_990e47c2-322f-4445-af01-a0c5643e5752" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SegmentDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_StatementBusinessSegmentsAxis_f3d9f1ca-b334-493b-ab6f-ab46279a8a4e" xlink:to="loc_us-gaap_SegmentDomain_990e47c2-322f-4445-af01-a0c5643e5752" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_MultiFamilyResidentialMember_71b90531-002e-4827-be23-f4b46c0db758" xlink:href="csr-20220331.xsd#csr_MultiFamilyResidentialMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_990e47c2-322f-4445-af01-a0c5643e5752" xlink:to="loc_csr_MultiFamilyResidentialMember_71b90531-002e-4827-be23-f4b46c0db758" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllOtherSegmentsMember_2c2020e6-8320-4b41-b478-28019e9fb71f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AllOtherSegmentsMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentDomain_990e47c2-322f-4445-af01-a0c5643e5752" xlink:to="loc_us-gaap_AllOtherSegmentsMember_2c2020e6-8320-4b41-b478-28019e9fb71f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_541252b6-1d21-4fec-8a59-411a5d654665" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SegmentReportingInformationLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfSegmentReportingInformationBySegmentTable_a5638148-69bc-4bd0-b652-eb8ee7e51ed6" xlink:to="loc_us-gaap_SegmentReportingInformationLineItems_541252b6-1d21-4fec-8a59-411a5d654665" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAtCost_1bc0a7ad-474e-4542-92be-6d431bf34f72" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_541252b6-1d21-4fec-8a59-411a5d654665" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAtCost_1bc0a7ad-474e-4542-92be-6d431bf34f72" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_e635b677-afea-46bc-b4e7-c963dff23921" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_541252b6-1d21-4fec-8a59-411a5d654665" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation_e635b677-afea-46bc-b4e7-c963dff23921" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstateInvestmentPropertyNet_0f4c009b-e33a-406a-a1fb-51ca02c1b67e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_541252b6-1d21-4fec-8a59-411a5d654665" xlink:to="loc_us-gaap_RealEstateInvestmentPropertyNet_0f4c009b-e33a-406a-a1fb-51ca02c1b67e" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/totalLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NotesReceivableGross_70310502-0223-41ad-a57d-161ed31a550d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NotesReceivableGross"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_541252b6-1d21-4fec-8a59-411a5d654665" xlink:to="loc_us-gaap_NotesReceivableGross_70310502-0223-41ad-a57d-161ed31a550d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_540f1c74-3090-4e46-ab53-09a07ad23063" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_541252b6-1d21-4fec-8a59-411a5d654665" xlink:to="loc_us-gaap_CashAndCashEquivalentsAtCarryingValue_540f1c74-3090-4e46-ab53-09a07ad23063" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedCashAndCashEquivalents_ead06b47-00fe-4ab6-8ec6-359cba8a3c59" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_541252b6-1d21-4fec-8a59-411a5d654665" xlink:to="loc_us-gaap_RestrictedCashAndCashEquivalents_ead06b47-00fe-4ab6-8ec6-359cba8a3c59" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_OtherAssets_21b3c051-269d-44bf-9bfc-c1d7da5f1e10" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_OtherAssets"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_541252b6-1d21-4fec-8a59-411a5d654665" xlink:to="loc_us-gaap_OtherAssets_21b3c051-269d-44bf-9bfc-c1d7da5f1e10" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_Assets_56f173e2-0aa9-46d2-9ba1-6e911b86c8a2" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_Assets"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_SegmentReportingInformationLineItems_541252b6-1d21-4fec-8a59-411a5d654665" xlink:to="loc_us-gaap_Assets_56f173e2-0aa9-46d2-9ba1-6e911b86c8a2" xlink:type="arc" preferredLabel="http://www.xbrl.org/2009/role/netLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/COMMITMENTSANDCONTINGENCIES" xlink:type="simple" xlink:href="csr-20220331.xsd#COMMITMENTSANDCONTINGENCIES"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/COMMITMENTSANDCONTINGENCIES" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_de034004-e59d-4804-b8b5-ba5f0e68dfdd" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_ce1faae5-6c14-4c1c-a4d2-14d65b468ef4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_de034004-e59d-4804-b8b5-ba5f0e68dfdd" xlink:to="loc_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_ce1faae5-6c14-4c1c-a4d2-14d65b468ef4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/COMMITMENTSANDCONTINGENCIESDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#COMMITMENTSANDCONTINGENCIESDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/COMMITMENTSANDCONTINGENCIESDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_cd192d62-b32f-4874-8850-1c2a65a5351e" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_8fe63c6c-6f2b-4afe-8f0d-38ed9a77f67c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfRealEstatePropertiesTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_cd192d62-b32f-4874-8850-1c2a65a5351e" xlink:to="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_8fe63c6c-6f2b-4afe-8f0d-38ed9a77f67c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_501427ee-d817-459e-a74b-2a5016cc8513" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_8fe63c6c-6f2b-4afe-8f0d-38ed9a77f67c" xlink:to="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_501427ee-d817-459e-a74b-2a5016cc8513" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_12e62e6f-01f3-4a54-bfdb-4de17a108961" xlink:href="https://xbrl.fasb.org/srt/2021/elts/srt-2021-01-31.xsd#srt_MortgageLoansOnRealEstateNamePropertyTypeDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateDescriptionTypeOfPropertyAxis_501427ee-d817-459e-a74b-2a5016cc8513" xlink:to="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_12e62e6f-01f3-4a54-bfdb-4de17a108961" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_SubjectToRestrictionsOnTaxableDispositionsMember_2d16203c-aa70-4ce1-b3ab-24140f6b0f54" xlink:href="csr-20220331.xsd#csr_SubjectToRestrictionsOnTaxableDispositionsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_srt_MortgageLoansOnRealEstateNamePropertyTypeDomain_12e62e6f-01f3-4a54-bfdb-4de17a108961" xlink:to="loc_csr_SubjectToRestrictionsOnTaxableDispositionsMember_2d16203c-aa70-4ce1-b3ab-24140f6b0f54" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RealEstatePropertiesLineItems_393fd467-66d3-430c-9097-5b7c02be3504" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RealEstatePropertiesLineItems"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfRealEstatePropertiesTable_8fe63c6c-6f2b-4afe-8f0d-38ed9a77f67c" xlink:to="loc_us-gaap_RealEstatePropertiesLineItems_393fd467-66d3-430c-9097-5b7c02be3504" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfRealEstateProperties_39bbbfb1-d7ed-44d9-9741-df0266b4a9c8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NumberOfRealEstateProperties"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesLineItems_393fd467-66d3-430c-9097-5b7c02be3504" xlink:to="loc_us-gaap_NumberOfRealEstateProperties_39bbbfb1-d7ed-44d9-9741-df0266b4a9c8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_NumberOfUnitsInRealEstateProperty_343720c0-0512-4dd8-8fc7-140b867bb154" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_NumberOfUnitsInRealEstateProperty"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_RealEstatePropertiesLineItems_393fd467-66d3-430c-9097-5b7c02be3504" xlink:to="loc_us-gaap_NumberOfUnitsInRealEstateProperty_343720c0-0512-4dd8-8fc7-140b867bb154" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/SHAREBASEDCOMPENSATION" xlink:type="simple" xlink:href="csr-20220331.xsd#SHAREBASEDCOMPENSATION"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/SHAREBASEDCOMPENSATION" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_ecade31e-02cb-4997-82dd-3487667888ba" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_c732421f-ab37-4703-8a58-7d1ed77b27d0" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_ecade31e-02cb-4997-82dd-3487667888ba" xlink:to="loc_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_c732421f-ab37-4703-8a58-7d1ed77b27d0" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/SHAREBASEDCOMPENSATIONTables" xlink:type="simple" xlink:href="csr-20220331.xsd#SHAREBASEDCOMPENSATIONTables"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/SHAREBASEDCOMPENSATIONTables" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_bac5b1e7-1207-4838-907b-2d9f20b446e4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_f546c535-2bdb-45cb-b0e6-bf5d3858225d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_bac5b1e7-1207-4838-907b-2d9f20b446e4" xlink:to="loc_us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock_f546c535-2bdb-45cb-b0e6-bf5d3858225d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/SHAREBASEDCOMPENSATIONAdditionalInformationDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#SHAREBASEDCOMPENSATIONAdditionalInformationDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/SHAREBASEDCOMPENSATIONAdditionalInformationDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_b7836319-ee80-4793-a48f-9f363869ce4c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_4266f652-fff8-42c2-aa51-a23f2343aa6f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_b7836319-ee80-4793-a48f-9f363869ce4c" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_4266f652-fff8-42c2-aa51-a23f2343aa6f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_d898bc59-9ba2-4f50-a9d2-305a0a9fdad7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AwardTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_4266f652-fff8-42c2-aa51-a23f2343aa6f" xlink:to="loc_us-gaap_AwardTypeAxis_d898bc59-9ba2-4f50-a9d2-305a0a9fdad7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_8db33741-830f-4262-af42-07dcfabfaae3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_d898bc59-9ba2-4f50-a9d2-305a0a9fdad7" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_8db33741-830f-4262-af42-07dcfabfaae3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_RestrictedStockUnitsRSUMember_978960dc-8b0c-4d12-a031-3a65d5b519c7" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_RestrictedStockUnitsRSUMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_8db33741-830f-4262-af42-07dcfabfaae3" xlink:to="loc_us-gaap_RestrictedStockUnitsRSUMember_978960dc-8b0c-4d12-a031-3a65d5b519c7" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PerformanceSharesMember_f8ecf181-e15b-4bae-8f42-6105331fba37" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PerformanceSharesMember"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_8db33741-830f-4262-af42-07dcfabfaae3" xlink:to="loc_us-gaap_PerformanceSharesMember_f8ecf181-e15b-4bae-8f42-6105331fba37" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeStockOptionMember_9b1e9709-e288-4054-8482-2f95735e9df6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EmployeeStockOptionMember"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_8db33741-830f-4262-af42-07dcfabfaae3" xlink:to="loc_us-gaap_EmployeeStockOptionMember_9b1e9709-e288-4054-8482-2f95735e9df6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GranteeStatusAxis_f5dde1c0-4c37-469b-a376-944e81524950" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_GranteeStatusAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_4266f652-fff8-42c2-aa51-a23f2343aa6f" xlink:to="loc_us-gaap_GranteeStatusAxis_f5dde1c0-4c37-469b-a376-944e81524950" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_GranteeStatusDomain_bcb28d6a-5d7f-46c1-ad42-e97e439e4567" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_GranteeStatusDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GranteeStatusAxis_f5dde1c0-4c37-469b-a376-944e81524950" xlink:to="loc_us-gaap_GranteeStatusDomain_bcb28d6a-5d7f-46c1-ad42-e97e439e4567" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedPaymentArrangementEmployeeMember_4ec382a8-8a99-4a6b-836b-780441f4f636" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedPaymentArrangementEmployeeMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_GranteeStatusDomain_bcb28d6a-5d7f-46c1-ad42-e97e439e4567" xlink:to="loc_us-gaap_ShareBasedPaymentArrangementEmployeeMember_4ec382a8-8a99-4a6b-836b-780441f4f636" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_4266f652-fff8-42c2-aa51-a23f2343aa6f" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/verboseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_65d736c3-898e-4ec9-b7ab-96d0f3f922a6" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_65d736c3-898e-4ec9-b7ab-96d0f3f922a6" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_ShareBasedCompensationArrangementByShareBasedPaymentAwardTermOfAward_04c63d2a-0d4e-4f47-8c1c-9e71f404b0ee" xlink:href="csr-20220331.xsd#csr_ShareBasedCompensationArrangementByShareBasedPaymentAwardTermOfAward"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_csr_ShareBasedCompensationArrangementByShareBasedPaymentAwardTermOfAward_04c63d2a-0d4e-4f47-8c1c-9e71f404b0ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_63da53e3-91a3-4b72-b4c3-428b2c24d11d" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_63da53e3-91a3-4b72-b4c3-428b2c24d11d" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_7f48f6a4-2b22-4327-b707-1c60f04cba55" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross_7f48f6a4-2b22-4327-b707-1c60f04cba55" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_564b9cad-1450-4ac3-ac2d-03ba41f2e395" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_564b9cad-1450-4ac3-ac2d-03ba41f2e395" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue_47379bc3-f69f-4d69-a5e6-db83c652b954" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue"/>
    <link:presentationArc order="6" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValue_47379bc3-f69f-4d69-a5e6-db83c652b954" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsEligibleToBeEarned_576d2145-d24a-4202-b51c-b4ed59d48952" xlink:href="csr-20220331.xsd#csr_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsEligibleToBeEarned"/>
    <link:presentationArc order="7" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_csr_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsEligibleToBeEarned_576d2145-d24a-4202-b51c-b4ed59d48952" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsEligibleToBeEarnedPercentageOfAwardsGranted_c8f12a23-6f6d-480f-bbdd-31e4e974451f" xlink:href="csr-20220331.xsd#csr_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsEligibleToBeEarnedPercentageOfAwardsGranted"/>
    <link:presentationArc order="8" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_csr_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsEligibleToBeEarnedPercentageOfAwardsGranted_c8f12a23-6f6d-480f-bbdd-31e4e974451f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_8e59ee33-d9a7-49f6-95f3-5d0a3baadabc" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate"/>
    <link:presentationArc order="9" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_8e59ee33-d9a7-49f6-95f3-5d0a3baadabc" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_002ff599-0bae-4c0b-b1b0-c79d86296fe8" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate"/>
    <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_002ff599-0bae-4c0b-b1b0-c79d86296fe8" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_e0ca325e-871c-460c-86db-d1ee35d05ce4" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1"/>
    <link:presentationArc order="11" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_e0ca325e-871c-460c-86db-d1ee35d05ce4" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_3c90c69e-ba71-427e-a6fc-7f29b960e83c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice"/>
    <link:presentationArc order="12" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_3c90c69e-ba71-427e-a6fc-7f29b960e83c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AllocatedShareBasedCompensationExpense_15e3b91f-18f8-4690-8b39-79d0b53b52e5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense"/>
    <link:presentationArc order="13" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_85ffe0e9-e0e0-4712-8dc6-f9ce6e2199bb" xlink:to="loc_us-gaap_AllocatedShareBasedCompensationExpense_15e3b91f-18f8-4690-8b39-79d0b53b52e5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
  <link:roleRef roleURI="http://centerspacehomes.com/role/SHAREBASEDCOMPENSATIONScheduleofAssumptionsUsedinBlackScholesPricingModelDetails" xlink:type="simple" xlink:href="csr-20220331.xsd#SHAREBASEDCOMPENSATIONScheduleofAssumptionsUsedinBlackScholesPricingModelDetails"/>
  <link:presentationLink xlink:role="http://centerspacehomes.com/role/SHAREBASEDCOMPENSATIONScheduleofAssumptionsUsedinBlackScholesPricingModelDetails" xlink:type="extended">
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_8119d25e-8e90-47c7-818a-fd8c57d1994c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ddb65fb8-641b-419c-9d67-52916ea24e01" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_8119d25e-8e90-47c7-818a-fd8c57d1994c" xlink:to="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ddb65fb8-641b-419c-9d67-52916ea24e01" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_AwardTypeAxis_d8877c75-1adf-473b-9656-10fa33d53f2a" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_AwardTypeAxis"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ddb65fb8-641b-419c-9d67-52916ea24e01" xlink:to="loc_us-gaap_AwardTypeAxis_d8877c75-1adf-473b-9656-10fa33d53f2a" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_ce93ebb6-73ad-48e4-90e1-bc920e9fdc1f" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_AwardTypeAxis_d8877c75-1adf-473b-9656-10fa33d53f2a" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_ce93ebb6-73ad-48e4-90e1-bc920e9fdc1f" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_EmployeeStockOptionMember_5ceb70ac-395a-4692-877e-35c1b71efc27" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_EmployeeStockOptionMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardAwardTypeAndPlanNameDomain_ce93ebb6-73ad-48e4-90e1-bc920e9fdc1f" xlink:to="loc_us-gaap_EmployeeStockOptionMember_5ceb70ac-395a-4692-877e-35c1b71efc27" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameAxis_ffeaeb55-0cdc-4eaa-81c3-922ee8263384" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PlanNameAxis"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ddb65fb8-641b-419c-9d67-52916ea24e01" xlink:to="loc_us-gaap_PlanNameAxis_ffeaeb55-0cdc-4eaa-81c3-922ee8263384" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_PlanNameDomain_7736def5-e801-4ce1-9977-03c660a0042b" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_PlanNameDomain"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameAxis_ffeaeb55-0cdc-4eaa-81c3-922ee8263384" xlink:to="loc_us-gaap_PlanNameDomain_7736def5-e801-4ce1-9977-03c660a0042b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_csr_A2022LongTermIncentivePlanLTIPAwardsMember_2b760387-398a-468c-8e66-9aeb1db98f0b" xlink:href="csr-20220331.xsd#csr_A2022LongTermIncentivePlanLTIPAwardsMember"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_PlanNameDomain_7736def5-e801-4ce1-9977-03c660a0042b" xlink:to="loc_csr_A2022LongTermIncentivePlanLTIPAwardsMember_2b760387-398a-468c-8e66-9aeb1db98f0b" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_bd6a5c60-56c6-42ee-ae5a-b4fee8ab85ee" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_ddb65fb8-641b-419c-9d67-52916ea24e01" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_bd6a5c60-56c6-42ee-ae5a-b4fee8ab85ee" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_d0b5d618-2948-4117-a73c-d972e95626ed" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice"/>
    <link:presentationArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_bd6a5c60-56c6-42ee-ae5a-b4fee8ab85ee" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice_d0b5d618-2948-4117-a73c-d972e95626ed" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_1160e5c0-1d53-48a5-95ff-c3ede64f505c" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate"/>
    <link:presentationArc order="2" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_bd6a5c60-56c6-42ee-ae5a-b4fee8ab85ee" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_1160e5c0-1d53-48a5-95ff-c3ede64f505c" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c733c6fd-b228-49e6-8bd9-5bb22b83fae5" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1"/>
    <link:presentationArc order="3" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_bd6a5c60-56c6-42ee-ae5a-b4fee8ab85ee" xlink:to="loc_us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_c733c6fd-b228-49e6-8bd9-5bb22b83fae5" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_a0bdc817-1a02-4285-bf71-fbbd5d1d29ba" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate"/>
    <link:presentationArc order="4" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_bd6a5c60-56c6-42ee-ae5a-b4fee8ab85ee" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate_a0bdc817-1a02-4285-bf71-fbbd5d1d29ba" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
    <link:loc xlink:type="locator" xlink:label="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_7e5e419a-ff43-4b1d-8194-e53790872cf3" xlink:href="https://xbrl.fasb.org/us-gaap/2021/elts/us-gaap-2021-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate"/>
    <link:presentationArc order="5" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_bd6a5c60-56c6-42ee-ae5a-b4fee8ab85ee" xlink:to="loc_us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate_7e5e419a-ff43-4b1d-8194-e53790872cf3" xlink:type="arc" preferredLabel="http://www.xbrl.org/2003/role/terseLabel"/>
  </link:presentationLink>
</link:linkbase>
