
Cheap Apartments for Rent in Independence, MN from $500 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in Independence.


Riverwalk Apartments

Ironwood Townhomes

199 N Medina St

Riverview Apartments II

201 Medina St N

8330 Cedar St

Tower Terrace Mobile Home Park
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.

5811 Tower St

672 Elm Ave

110 Loretto St

5027 Greenwood Ave

5293 Manchester Dr

Legacy Woods

5801 Tower St

8200 Linden St
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.

Devonshire Apartments

Rockford Villa Apartments

County Line Plaza

Rock Meadows

Bryant Wood Apartments

Hillcrest Apartments

Ridge Manor

9080 County Road 50
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.

9080 Rebecca Park Trl

Crow River Villa Apartments

Gateway Village Apartments

Maple Plain Apartments

Rockford Manor Apartments

Honeytree III

Delano Commons

Maple 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.

671 Elm Ave

Manchester Place
Independence, MN Local Guide

How much does it cost to rent an apartment in Independence?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Independence 1 Bedroom Apartments | $1,426 | $1,129 | $1,575 |
| Independence 2 Bedroom Apartments | $1,339 | $1,299 | $1,389 |
| Independence 3 Bedroom Apartments | $2,999 | $2,999 | $2,999 |
| Independence 4 Bedroom Apartments | $2,999 | $2,999 | $2,999 |
Browse Top Apartments in Independence
See all Apartments in IndependenceExplore Independence
Independence, MN Local Guide
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Cheapest Available Independence Apartments for Rent and Nearby
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverwalk Apartments | 1 bedroom 1 bath | 1BR,1BA | $1,100 |
| Ironwood Townhomes | The Magnolia | 4BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ironwood Townhomes | The Magnolia | 4BR,2.5BA | $2.19 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR,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 ArticleReal 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 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 Independence, MN Rentals by Map
See the most popular apartments and homes in Independence, MN
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

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.

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.

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.

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.