Cheap Apartments for Rent in Hope, MN from $600 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in Hope.

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.

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Midwest Flats
$915 - $1,715
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$875 - $1,675
Required Monthly Fees
$40

Total Monthly Price
$915 - $1,715
Studio to 2 Bedroom Apartments Available May 1

Midwest Flats

429 8th Ave NWFaribault, MN 55021
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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.

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.

property at 121 Clinton St

$650

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

2 Bedroom, 1 Bath Home for Rent

Available Now

121 Clinton St

AustinMN55912
property at 220 E 7th St

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Condo for Rent

Available May 2

220 E 7th St

Albert LeaMN56007
property at 702 E Main St

$850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

Studio, 1 Bath Home for Rent

Available Now

702 E Main St

Albert LeaMN56007
property at 101 Elm St

$875 - $1,250

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

2 To 3 Bedroom Rentals

Available Now

101 Elm St

ClaremontMN55924
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204 3rd Ave SE
1 to 3 Bedroom Apartments

204 3rd Ave SE

204 3rd Ave SEMedford, MN 55049
  • Utilities Included
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909 E Vine St
1 to 2 Bedroom Apartments

909 E Vine St

909 Vine St EOwatonna, MN 55060

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.

property at 821 Jefferson Ave

$950 - $995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom Rentals

Available Now

821 Jefferson Ave

Albert LeaMN56007
property at 240 E Rice St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Townhome for Rent

Available Jul 10

240 E Rice St

OwatonnaMN55060

Hope, MN Local Guide

Cheapest Available Hope Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hope, MN is a Studio unit found at CityView Apartments priced from $650. F and H Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Hope apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CityView ApartmentsStudioStudio,1BA$650
F and H Apartments1 Bed, 1 bath1BR,1BA$825
Northern Place ApartmentsTwo Bedroom2BR,1BA$860
A-Lea ApartmentsB and C Buildings1BR,1BA$900
Four Seasons ApartmentsCozy One Bedroom Apartment Home1BR,1BA$975
Lincoln Apartments LLCApt. 121BR,1BA$1,005
Flats on 21Cottonwood - 60% Area Median Income1BR,1BA$1,006
AireStudio, 1 bathStudio,1BA$1,020
Town's Edge Place Apartments1 Bedroom1BR,1BA$1,030
Autumn Glen Townhomes2 Bedroom2BR,2BA$1,050

Best Value Apartments for Rent in Hope, MN and Nearby

As of April 27, 2026 the best value apartment in the Hope area is the $1.09 price per square foot 2 Bedroom Loft Model at Skye Lofts Apartments in the starting from $1,490. The second greatest value Hope apartment is the Two Bedroom Model at Apartments on Mound starting at $1,295 with a $1.13 price per square foot in the Downtown Owatonna neighborhood. Here is today’s list of the best values for Hope apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skye Lofts Apartments2 Bedroom Loft2BR,1.5BA$1.09
Apartments on MoundTwo Bedroom2BR,1BA$1.13
South Pointe Apartments2 Bedroom 2 Bathroom2BR,2BA$1.30
Heritage Bluff Apartments LLC2 bedroom 1 bathroom2BR,1BA$1.36
Autumn Glen Townhomes2 Bedroom2BR,2BA$1.10
Hillside ApartmentsOne Bedroom One Bathroom1BR,1BA$1.30
CityView Apartments2 bedroom2BR,1BA$1.08
Lincoln Apartments LLCApt. 082BR,1BA$1.46
Dodger 56, LLC1 Bedroom 1 Bath1BR,1BA$1.44
Northern Place ApartmentsOne Bedroom1BR,1BA$1.31

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.

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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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The 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.

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Cash 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.

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Quick 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.

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

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Frequently Asked Questions about Cheap Hope Apartments

What is the Cheapest Studio apartment in Hope?

Currently the most affordable Cheap Studio Apartment in Hope is at CityView Apartments listed at $650.

How much is rent for a Cheap One Bedroom Hope Apartment?

The lowest price for a Cheap One Bedroom Hope Apartment is $745 at CityView Apartments.

What is the lowest price for a Cheap Two Bedroom Hope Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Hope is starting from $860 at Northern Place Apartments.

What is the most affordable Hope Three Bedroom Apartment?

The best deal on a cheap Hope Three Bedroom Apartment rental is at F and H Apartments and starts from $925.

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 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.

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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.