
Cheap Homes for Rent in Hermantown, MN from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Hermantown.


617 E 8th St

615 N 59th Ave W, Unit 1

1831 W Michigan St
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.

3947 E Calvary Rd

526 1/2 E 7th St

4880 Miller Trunk Hwy

1114 Cumming Ave
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.
Hermantown, MN Local Guide

How much does it cost to rent a home in Hermantown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hermantown 2 Bedroom Homes for Rent | $1,250 | $750 | $1,600 |
| Hermantown 3 Bedroom Homes for Rent | $2,051 | $1,495 | $3,500 |
| Hermantown 4 Bedroom Homes for Rent | $2,172 | $1,750 | $3,200 |
| Hermantown 5 Bedroom Homes for Rent | $2,465 | $2,200 | $2,695 |
| Hermantown 6 Bedroom Homes for Rent | $2,875 | $2,575 | $3,050 |
Browse Top Homes for Rent in Hermantown
Explore Hermantown
Hermantown, MN Local Guide
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Cheapest Available Hermantown Apartments for Rent and Nearby
 The cheapest available apartment rental in Hermantown, MN is a Studio unit found at The Acres on Arrowhead ll in the Duluth Heights neighborhood priced from $1,150. Village at Matterhorn in the Duluth Heights neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here is today’s list of the most affordable Hermantown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Acres on Arrowhead ll | Unit A - Studio | Studio,1BA | $1,150 |
| Village at Matterhorn | 2 Bedroom Market Rate | 2BR,1BA | $1,200 |
| Capstone Apartments | A | Studio,1BA | $1,313 |
Best Value Apartments for Rent in Hermantown, MN and Nearby
As of April 28, 2026 the best value apartment in the Hermantown area is the $1.83 price per square foot 2 Bedroom 1 Bath Dine In Kitchen with Walk in s... Model at Miller Hill Manor in the in the Duluth Heights neighborhood starting from $1,895. The second greatest value Hermantown apartment is the 2 Bedroom Market Rate Model at Village at Matterhorn starting at $1,200 with a $1.22 price per square foot in the Duluth Heights neighborhood. Here is today’s list of the best values for Hermantown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Miller Hill Manor | 2 Bedroom 1 Bath Dine In Kitchen with Walk in s... | 2BR,1BA | $1.83 |
| Village at Matterhorn | 2 Bedroom Market Rate | 2BR,1BA | $1.22 |
| Ridgewood Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.69 |
| Piedmont Manor Apartments | 2 Bed | 2BR,1BA | $1.82 |
| Capstone Apartments | A | Studio ,1BA | $2.50 |
| 4880 Miller Trunk Hwy, Unit 1 | 4880 Miller Trunk Hwy | Studio ,1BA | $2.25 |
| The Acres on Arrowhead ll | Unit A - Studio | Studio ,1BA | $3.32 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Hermantown, MN
Hermantown Senior High
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Hermantown, MN Rentals by Map
See the most popular apartments and homes in Hermantown, MN
Frequently Asked Questions about Hermantown
What type of rentals are currently available in Hermantown?
There are currently 38 Apartments for Rent in Hermantown, MN with pricing that ranges from $900 to $2,995. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hermantown ranging from $750 to $3,500.
What is the current price range for Rental Homes in Hermantown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Hermantown ranges from $750 to $3,500 with an average monthly rent of $1,905.
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

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.