
Cheap Apartments for Rent in Homer, MN from $400 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in Homer.


Total Monthly Price
Key Broadway Apartments

Lakeview Manor Apartments

The Driftless Senior Apartments and Townhomes

Galesville Greens

Thousand Oaks

1026 Liberty St

2118 Kyle Ln

1828 Wood St, Unit 1828, Unit 1828

Fairway Woods Apartments
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.

The Hub on 6th

541 Cass St

543 Cass St, Unit 543, Unit 543

617 Rose St, Unit 617, Unit 617

Country Valley

5th Ward Residences

Golfview Crossing Apartments

Elliott Arms Apartments

110 N Holmen Dr

Madison Place
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.

Washington Crossing

208 17th Ave N

934 12th Ave S

1511 Avon St

1004 Terrace Dr

RiverPlace

Scenic View Townhomes

Roosevelt School Apartments

Valley View Townhomes

Garden Terrace Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Total Monthly Price
The Exchange

The Meadows (Amy Dr)

Grand River Station

Field of Dreams

Hidden Glen Apartments

Pine Ridge Apartment Homes

The Residence at Belle Square

401 S Oak St

211 King St

Halfway Creek Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

The Lofts at River Point

RIVER BEND ESTATES

The Abbey

Stonefield Manor Senior Apartments

16864 Davis St

1217 Park Ave

1016 9th St S

923 Vine St

825 George St

922-924 Caledonia St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Homer, MN Local Guide

How much does it cost to rent an apartment in Homer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Homer Studio Apartments | $1,022 | $525 | $1,375 |
| Homer 1 Bedroom Apartments | $1,414 | $450 | $2,550 |
| Homer 2 Bedroom Apartments | $1,537 | $746 | $3,050 |
| Homer 3 Bedroom Apartments | $1,508 | $712 | $2,950 |
Browse Top Apartments in Homer
See all Apartments in HomerExplore Homer
Homer, MN Local Guide
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Cheapest Available Homer Apartments for Rent and Nearby
 The cheapest available apartment rental in Homer, MN is a Studio unit found at Lakeview Manor Apartments priced from $700. Galesville Greens has the second lowest priced unit, which is a 2 Beds apartment currently listed from $746. Here is today’s list of the most affordable Homer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lakeview Manor Apartments | Studio | Studio,1BA | $700 |
| Galesville Greens | 2BR Rent based on 30% of income | 2BR,1BA | $746 |
| 1026 Liberty St | 2 BR/1 BA | 2BR,1BA | $775 |
| Thousand Oaks | 2 | 2BR,1BA | $805 |
| The Hub on 6th | Studio | Studio,1BA | $850 |
| Country Valley | 16x72 | 3BR,2BA | $895 |
| Elliott Arms Apartments | One Bedroom - Corner NW | 1BR,1BA | $1,040 |
| Fairway Woods Apartments | Two Bedroom | 2BR,1BA | $1,079 |
| Scenic View Townhomes | Two Bedroom/ One Bathroom | 2BR,1BA | $1,088 |
| The Driftless Senior Apartments and Townhomes | 1 Bed 1 Bath (ages 55+) - 80% Income Limit | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Homer, MN and Nearby
As of April 12, 2026 the best value apartment in the Homer area is the $0.95 price per square foot Three Bedroom/ One Bathroom Model at Scenic View Townhomes in the starting from $1,236. The second greatest value Homer apartment is the 3 Bdrm Townhome 60% Model at Hidden Glen Apartments starting at $1,300 with a $1.08 price per square foot . Here is today’s list of the best values for Homer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Scenic View Townhomes | Three Bedroom/ One Bathroom | 3BR,1.5BA | $0.95 |
| Hidden Glen Apartments | 3 Bdrm Townhome 60% | 3BR,1.5BA | $1.08 |
| The Meadows (Amy Dr) | 3 Bedroom | 3BR,1BA | $1.18 |
| Country Valley | 16x72 | 3BR,2BA | $0.78 |
| Washington Crossing | 2 Bedroom | 2BR,1BA | $1.08 |
| Valley View Townhomes | One Bedroom Plus Den | 1BR,1BA | $1.12 |
| Fairway Woods Apartments | Two Bedroom | 2BR,1BA | $1.13 |
| 1026 Liberty St | 2 BR/1 BA | 2BR,1BA | $0.97 |
| Thousand Oaks | 2 | 2BR,1BA | $1.15 |
| Galesville Greens | 2BR Rent based on 30% of income | 2BR,1BA | $1.07 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Homer, MN Rentals by Map
See the most popular apartments and homes in Homer, MN
Frequently Asked Questions about Cheap Homer Apartments
What is the Cheapest Studio apartment in Homer?
Currently the most affordable Cheap Studio Apartment in Homer is at Lakeview Manor Apartments listed at $700.
How much is rent for a Cheap One Bedroom Homer Apartment?
The lowest price for a Cheap One Bedroom Homer Apartment is $1,040 at Elliott Arms Apartments.
What is the lowest price for a Cheap Two Bedroom Homer Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Homer is starting from $746 at Galesville Greens.
What is the most affordable Homer Three Bedroom Apartment?
The best deal on a cheap Homer Three Bedroom Apartment rental is at Galesville Greens and starts from $786.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.