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

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

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199 N Medina St
Studio Apartments

199 N Medina St

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

201 Medina St N

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

8330 Cedar St

8330 Cedar StRockford, MN 55373
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5811 Tower St
Studio Apartments

5811 Tower St

5811 Tower StRockford, MN 55373
  • Utilities Included

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.

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672 Elm Ave
Studio Apartments

672 Elm Ave

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

110 Loretto St

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

5027 Greenwood Ave

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

5293 Manchester Dr

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

Legacy Woods

1297 Woods CreekDelano, MN 55328
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5801 Tower St
Studio Apartments

5801 Tower St

5801 Tower StRockford, MN 55373
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8200 Linden St
Studio Apartments

8200 Linden St

8200 Linden StRockford, MN 55373
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Ironwood Townhomes
3 to 4 Bedroom Apartments

Ironwood Townhomes

4760 Ironwood CirMinnetrista, MN 55359

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.

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Devonshire Apartments
1 to 3 Bedroom Apartments

Devonshire Apartments

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

County Line Plaza

8070 Highway 55Greenfield, MN 55373
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Rock Meadows
1 to 2 Bedroom Apartments

Rock Meadows

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

Bryant Wood Apartments

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

Hillcrest Apartments

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

Ridge Manor

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

9080 County Road 50

9080 County Road 50Rockford, MN 55373
  • Utilities Included

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.

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9080 Rebecca Park Trl
Studio Apartments

9080 Rebecca Park Trl

9080 Rebecca Park TrlRockford, MN 55373
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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 to 2 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

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.

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671 Elm Ave
Studio to 1 Bedroom Apartments

671 Elm Ave

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

Manchester Place

5285 Manchester DrMaple Plain, MN 55359
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Independence, MN Local Guide

Cheapest Available Independence Apartments for Rent and Nearby

 
Apartment ListingModel NameBed/BathPriced From
Enclave Overlook ApartmentsTwo Bedroom2BR,2BA$823
Riverwalk Apartments1 bedroom 1 bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Enclave Overlook ApartmentsFour Bedroom4BR,2BA$1.41
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.

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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.

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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!

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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

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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.

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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.

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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.

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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.