Cheap Apartments for Rent in Independence, MN from $500 (34 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
199 N Medina St
Studio Apartments

199 N Medina St

199 N Medina StLoretto, MN 55357
close
View Me
201 Medina St N
1 Bedroom Apartments

201 Medina St N

201 Medina St NLoretto, MN 55357
close
View Me
8330 Cedar St
2 Bedroom Apartments

8330 Cedar St

8330 Cedar StRockford, MN 55373

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.

close
View Me
5811 Tower St
Studio Apartments

5811 Tower St

5811 Tower StRockford, MN 55373
  • Utilities Included
close
View Me
672 Elm Ave
Studio Apartments

672 Elm Ave

672 Elm AveDelano, MN 55328
close
View Me
110 Loretto St
Studio to 2 Bedroom Apartments

110 Loretto St

110 Loretto StLoretto, MN 55357
close
View Me
5027 Greenwood Ave
2 to 3 Bedroom Apartments

5027 Greenwood Ave

5027 Greenwood AveRockford, MN 55373
close
View Me
5293 Manchester Dr
2 Bedroom Apartments

5293 Manchester Dr

5293 Manchester DrMaple Plain, MN 55359
close
View Me
Legacy Woods
4 Bedroom Apartments

Legacy Woods

1297 Woods CreekDelano, MN 55328
close
View Me
5801 Tower St
Studio Apartments

5801 Tower St

5801 Tower StRockford, MN 55373
close
View Me
8200 Linden St
Studio Apartments

8200 Linden St

8200 Linden StRockford, MN 55373

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.

close
View Me
Devonshire Apartments
1 to 3 Bedroom Apartments

Devonshire Apartments

5721 Main St SRockford, MN 55373
  • Utilities Included
close
View Me
County Line Plaza
2 Bedroom Apartments

County Line Plaza

8070 Highway 55Greenfield, MN 55373
  • Utilities Included
close
View Me
Rock Meadows
1 to 2 Bedroom Apartments

Rock Meadows

300 Honeytree DrDelano, MN 55328
close
View Me
Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

5225 Bryantwood DrMaple Plain, MN 55359
  • Utilities Included
close
View Me
Hillcrest Apartments
1 to 2 Bedroom Apartments

Hillcrest Apartments

300 Sunnyridge LnLoretto, MN 55357
Senior Living
  • Utilities Included
close
View Me
Ridge Manor
1 to 2 Bedroom Apartments

Ridge Manor

129 5th St SDelano, MN 55328
close
View Me
9080 County Road 50
Studio to 2 Bedroom Apartments

9080 County Road 50

9080 County Road 50Rockford, MN 55373
  • Utilities Included

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.

close
View Me
9080 Rebecca Park Trl
Studio Apartments

9080 Rebecca Park Trl

9080 Rebecca Park TrlRockford, MN 55373
  • Utilities Included
close
View Me
Maple Plain Apartments
1 to 2 Bedroom Apartments

Maple Plain Apartments

1875 Budd AveMaple Plain, MN 55359
  • Utilities Included
close
View Me
Honeytree III
1 to 2 Bedroom Apartments

Honeytree III

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

Delano Commons

1460 St Peter AveDelano, MN 55328
Senior Living

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.

close
View Me
671 Elm Ave
Studio to 1 Bedroom Apartments

671 Elm Ave

671 Elm AveDelano, MN 55328
close
View Me
Manchester Place
2 to 3 Bedroom Apartments

Manchester Place

5285 Manchester DrMaple Plain, MN 55359
  • Utilities Included

Independence, MN Local Guide

Cheapest Available Independence Apartments for Rent and Nearby

 
Apartment ListingModel NameBed/BathPriced From
Riverwalk Apartments1 bedroom 1 bath1BR,1BA$1,100
Ironwood TownhomesThe Magnolia4BR,2BA$2,999

Best Value Apartments for Rent in Independence, MN and Nearby

As of June 20, 2026 the best value apartment in the Independence area is the $2.19 price per square foot The Magnolia Model at Ironwood Townhomes in the in the Wright Far Western Suburbs neighborhood starting from $2,999. The second greatest value Independence apartment is the 2 bedroom remodel Model at Riverwalk Apartments starting at $1,299 with a $1.44 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$2.19
Riverwalk Apartments2 bedroom remodel2BR,1BA$1.44

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Independence, MN Rentals by Map

View Map
Independence, MN Apartments Map
View Map
Independence, MN Rental Homes Map

Frequently Asked Questions about Cheap Independence Apartments

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

Today's best deal for a Cheap Two Bedroom Apartment in Independence is starting from $1,299 at Riverwalk Apartments.

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 Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.