Cheap Apartments for Rent in Independence, MN from $500 (24 Rentals)

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

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County Line Plaza
2 Bedroom Apartments

County Line Plaza

8070 Highway 55Greenfield, MN 55373
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Devonshire Apartments
1 to 3 Bedroom Apartments

Devonshire Apartments

5721 Main St SRockford, MN 55373
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Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

5225 Bryantwood DrMaple Plain, MN 55359
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201 Medina St N
1 Bedroom Apartments

201 Medina St N

201 Medina St NLoretto, MN 55357

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.

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8330 Cedar St
2 Bedroom Apartments

8330 Cedar St

8330 Cedar StRockford, MN 55373
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Rock Meadows
2 Bedroom Apartments

Rock Meadows

300 Honeytree DrDelano, MN 55328
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Hillcrest Apartments
1 Bedroom Apartments

Hillcrest Apartments

300 Sunnyridge LnLoretto, MN 55357
Senior Living
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Ridge Manor
1 to 2 Bedroom Apartments

Ridge Manor

129 5th St SDelano, MN 55328

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.

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110 Loretto St
1 to 2 Bedroom Apartments

110 Loretto St

110 Loretto StLoretto, MN 55357
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Maple Plain Apartments
1 to 2 Bedroom Apartments

Maple Plain Apartments

1875 Budd AveMaple Plain, MN 55359
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Honeytree III
1 Bedroom Apartments

Honeytree III

307 Honeytree DrDelano, MN 55328
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Delano Commons
1 to 2 Bedroom Apartments

Delano Commons

1460 St Peter AveDelano, MN 55328
Senior Living
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5293 Manchester Dr
2 Bedroom Apartments

5293 Manchester Dr

5293 Manchester DrMaple Plain, MN 55359
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5027 Greenwood Ave
2 to 3 Bedroom Apartments

5027 Greenwood Ave

5027 Greenwood AveRockford, MN 55373
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671 Elm Ave
Studio to 1 Bedroom Apartments

671 Elm Ave

671 Elm AveDelano, MN 55328

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.

Independence, MN Local Guide

Cheapest Available Independence Apartments for Rent and Nearby

 
Apartment ListingModel NameBed/BathPriced From
Granite Works ApartmentsA1 One Bed - Riverview1BR,1BA$1,525
Ironwood TownhomesThe Magnolia4BR,2BA$3,114

Best Value Apartments for Rent in Independence, MN and Nearby

As of June 20, 2025 the best value apartment in the Independence area is the $2.28 price per square foot The Magnolia Model at Ironwood Townhomes in the in the Wright Far Western Suburbs neighborhood starting from $3,114. The second greatest value Independence apartment is the A1 One Bed - Riverview Model at Granite Works Apartments starting at $1,525 with a $1.98 price per square foot in the Highland Ridge neighborhood. Here is today’s list of the best values for Independence apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ironwood TownhomesThe Magnolia4BR,2.5BA$2.28
Granite Works ApartmentsA1 One Bed - Riverview1BR,1BA$1.98

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!

Explore Independence, MN Rentals by Map

View MapIndependence, MN Apartments MapView MapIndependence, MN Rental Homes Map

Getting Around Independence, MN

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

28 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Independence Apartments

What is the most affordable Independence Three Bedroom Apartment?

The best deal on a cheap Independence Three Bedroom Apartment rental is at Ironwood Townhomes and starts from $3,350.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.