604 White St SW
WatertownMN55388
Cheap Homes for Rent near Independence, MN from $1,200 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Independence.
8551 Elm St
RockfordMN55373
116 Rockford Ave E
DelanoMN55328
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.
116 Rockford Ave E
DelanoMN55328
4407 Wilshire Blvd
MoundMN55364
205 Hamel Rd
MedinaMN55340
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.
Showing Results 1-6, Page 1 of 1
Independence, MN Local Guide
Lake Independence by Tony Webster is licensed under CC BY 2.0
How much does it cost to rent a home in Independence?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Independence 2 Bedroom Homes for Rent | $1,994 | $1,200 | $3,595 |
| Independence 3 Bedroom Homes for Rent | $3,847 | $1,675 | $10,000+ |
| Independence 4 Bedroom Homes for Rent | $4,166 | $2,500 | $7,000 |
| Independence 5 Bedroom Homes for Rent | $8,763 | $4,295 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Independence
Explore Independence
Independence, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $823. Riverwalk Apartments in the Highland Ridge neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. 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 | $823 |
| Riverwalk Apartments | 1 bedroom 1 bath | 1BR,1BA | $1,100 |
| Granite Works Apartments | Two Bedroom Two Bathroom | 2BR,2BA | $2,400 |
Best Value Apartments for Rent in Independence, MN and Nearby
As of August 02, 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 Two Bedroom Two Bathroom Model at Granite Works Apartments starting at $2,400 with a $1.98 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 |
| Granite Works Apartments | Two Bedroom Two Bathroom | 2BR,2BA | $1.98 |
| 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 Article
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
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.
Let everyone know!
Do you know the Independence area?
If you’re an expert on all things Independence, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Independence
What type of rentals are currently available in Independence?
There are currently 40 Apartments for Rent in Independence, MN with pricing that ranges from $1,129 to $2,400. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Independence ranging from $1,200 to $17,000.
What is the current price range for Rental Homes in Independence?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Independence ranges from $1,200 to $17,000 with an average monthly rent of $4,141.
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.