Cheap Homes for Rent in Cologne, MN from $1,100 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in Cologne.

property at 561 S Elk St

$1,195 - $1,445

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 To 2 Bedroom Rentals

Available Now

561 S Elk St

Belle PlaineMN56011
property at 604 White St SW

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

604 White St SW

WatertownMN55388
property at 56 E 13th St

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

2 Bedroom, 1 Bath Townhome for Rent

Available Now

56 E 13th St

WaconiaMN55387
property at 201 W 2nd St

$1,495

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Townhome for Rent

Available Jun 1

201 W 2nd St

WaconiaMN55387

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 64 E 13th St

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Townhome for Rent

Available Now

64 E 13th St

WaconiaMN55387
property at 4407 Wilshire Blvd

$1,775

Total Monthly Price

Total Monthly Price

Base Rent
$1,775

Total Monthly Price
$1,775

2 Bedroom Rentals

Available Now

4407 Wilshire Blvd

MoundMN55364

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Cologne, MN Local Guide

Cheapest Available Cologne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Cologne, MN is a 1 Bed unit found at Cardinal Ridge Apartments 62+ in the Scott Far Western Suburbs neighborhood priced from $750. Young America Apartments in the Scott Far Western Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,055. Here is today’s list of the most affordable Cologne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cardinal Ridge Apartments 62+1 Bedroom1BR,1BA$750
Young America Apartments2 bedrooms2BR,1BA$1,055
Belle Court Apartments1 Bedroom1BR,1BA$1,225

Best Value Apartments for Rent in Cologne, MN and Nearby

As of May 08, 2026 the best value apartment in the Cologne area is the $1.09 price per square foot 3 Bedroom 2 Bath Model at Jordan Valley Townhomes in the in the Scott Far Western Suburbs neighborhood starting from $1,742. The second greatest value Cologne apartment is the 2 Bedroom, Market Rate, Floorplan B Model at Clover Field Marketplace starting at $1,520 with a $1.00 price per square foot in the Highland Shores neighborhood. Here is today’s list of the best values for Cologne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Jordan Valley Townhomes3 Bedroom 2 Bath3BR,2BA$1.09
Clover Field Marketplace2 Bedroom, Market Rate, Floorplan B2BR,1BA$1.00
Sand Creek Flats3 Bedroom3BR,2BA$1.92
Highland Shores ApartmentsFloorplan A2BR,2BA$1.55
Sun Lake & Sun Lake WoodsWalnut2BR,2BA$1.55
Arlington Ridge Apartments2 Bedroom Small2BR,1BA$1.77
Crosstown Commons - Income Guidelines Apply2 Bedroom2BR,1BA$1.81
Young America Apartments2 bedrooms2BR,1BA$1.41
Belle Court Apartments1 Bedroom1BR,1BA$1.89
Cardinal Ridge Apartments 62+1 Bedroom1BR,1BA$1.17

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cologne

What type of rentals are currently available in Cologne?

There are currently 52 Apartments for Rent in Cologne, MN with pricing that ranges from $655 to $3,510. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cologne ranging from $1,195 to $14,995.

What is the current price range for Rental Homes in Cologne?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cologne ranges from $1,195 to $14,995 with an average monthly rent of $4,240.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.