
Cheap Apartments for Rent near Independence, MN from $1,299 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Independence.


Total Monthly Price
Riverwalk Apartments

Total Monthly Price
Ironwood Townhomes

199 N Medina St

Riverview Apartments II

5811 Tower St

Tower Terrace Mobile Home Park

201 Medina St N
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

8330 Cedar St

110 Loretto St

672 Elm Ave

Rockford Villa Apartments

County Line Plaza

Devonshire Apartments

Rock Meadows

Bryant Wood Apartments
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Hillcrest Apartments

Ridge Manor

9080 County Road 50

9080 Rebecca Park Trl

Crow River Villa Apartments

Rockford Manor Apartments

Gateway Village Apartments

Maple Plain Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,895 | $1,895 | $1,895 |
| Independence 2 Bedroom Apartments | $1,878 | $1,350 | $2,400 |
| Independence 3 Bedroom Apartments | $2,999 | $2,999 | $2,999 |
| Independence 4 Bedroom Apartments | $3,249 | $3,249 | $3,249 |
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Independence, MN Local Guide
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Cheapest Available Independence Apartments for Rent and Nearby
 The cheapest available apartment rental in Independence, MN is a 2 Beds unit found at Enclave Overlook Apartments in the Hurst Woods neighborhood priced from $770. Riverwalk Apartments in the Highland Ridge neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,299. Here is today’s list of the most affordable Independence apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Enclave Overlook Apartments | Two Bedroom | 2BR, 2BA | $770 |
| Riverwalk Apartments | 2 bedroom remodel | 2BR, 1BA | $1,299 |
| Ironwood Townhomes | 3 bedroom/3 bathroom | 3BR, 3BA | $2,999 |
Best Value Apartments for Rent in Independence, MN and Nearby
As of September 19, 2026 the best value apartment in the Independence area is the $1.98 price per square foot 4 bedroom/3 bathroom Model at Ironwood Townhomes in the Wright Far Western Suburbs neighborhood starting from $3,249. The second greatest value Independence apartment is the Three Bedroom Model at Enclave Overlook Apartments in the Hurst Woods neighborhood starting at $1,558 with a $1.17 price per square foot. 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 | 4 bedroom/3 bathroom | 4BR, 3BA | $1.98 |
| Enclave Overlook Apartments | Three Bedroom | 3BR, 2BA | $1.17 |
| 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.
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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 $770 at Enclave Overlook 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.