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


Riverwalk Apartments

199 N Medina St

Riverview Apartments II

201 Medina St N

8330 Cedar St

Tower Terrace Mobile Home Park

5811 Tower St
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.

672 Elm Ave

110 Loretto St

5027 Greenwood Ave

5293 Manchester Dr

Legacy Woods

5801 Tower St

8200 Linden St

Ironwood Townhomes
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Devonshire Apartments

Rockford Villa Apartments

County Line Plaza

Rock Meadows

Bryant Wood Apartments

Hillcrest Apartments

Ridge Manor

9080 County Road 50
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.

9080 Rebecca Park Trl

Crow River Villa Apartments

Gateway Village Apartments

Maple Plain Apartments

Rockford Manor Apartments

Honeytree III

Delano Commons

Maple Terrace Apartments
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.

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 | $1,129 | $1,129 | $1,129 |
| Independence 2 Bedroom Apartments | $1,311 | $1,229 | $1,389 |
| Independence 3 Bedroom Apartments | $1,850 | $1,850 | $1,850 |
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 |
|---|---|---|---|
| Enclave Overlook Apartments | Two Bedroom | 2BR,2BA | $823 |
| Riverwalk Apartments | 1 bedroom 1 bath | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Independence, MN and Nearby
As of August 04, 2026 the best value apartment in the Independence area is the $1.41 price per square foot Four Bedroom Model at Enclave Overlook Apartments in the in the Hurst Woods neighborhood starting from $2,200. 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. |
|---|---|---|---|
| Enclave Overlook Apartments | Four Bedroom | 4BR,2BA | $1.41 |
| 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 $823 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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.