
Cheap Apartments for Rent near Kennedy, MN from $470 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Kennedy.


Parkwood Senior Living 55+

Dakota at 55th

Parkwood Apartments

Forest Park Apartments

Valley Park Apartments

Oakwood Homes

Total Monthly Price
River Falls Estates
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.

Green Acres

Block V

3504 11th Ave N, Unit 12

University Flats Apartments

First Street Estates

Wellington Townhomes

The Gallery Apartments

Wheatland Estates
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.

Franklin on 4th

Southwood Park Townhomes

Northern Point Apartments

Pioneer Court A Ltd Ptshp

Columbia Park Apartments

Columbia Square South *RENOVATED APARTMENTS!*

Country Acres Apartment

715 N 40th St
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.

Heritage Terrace Townhomes

323 Seward Ave

Heritage Highland II Townhomes

Emerald Square**FULLY RENOVATED APARTMENTS!**

Heritage Highlands

Warehouse & Freighthouse Apartments

SummerField Thief River Falls Townhomes

Northwood Park Townhomes
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.
Kennedy, MN Local Guide

How much does it cost to rent an apartment in Kennedy?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kennedy Studio Apartments | $776 | $600 | $1,250 |
| Kennedy 1 Bedroom Apartments | $1,165 | $707 | $2,176 |
| Kennedy 2 Bedroom Apartments | $1,552 | $646 | $2,800 |
| Kennedy 3 Bedroom Apartments | $2,075 | $740 | $3,150 |
| Kennedy 4 Bedroom Apartments | $1,925 | $470 | $3,621 |
Browse Top Apartments in Kennedy
See all Apartments in KennedyExplore Kennedy
Kennedy, MN Local Guide
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Cheapest Available Kennedy Apartments for Rent and Nearby
 The cheapest available apartment rental in Kennedy, MN is a 4 Beds unit found at The Boden priced from $470. Parkwood Senior Living 55+ has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here is today’s list of the most affordable Kennedy apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Boden | Unit D | 4BR,2BA | $470 |
| Parkwood Senior Living 55+ | EFF/1B SM | Studio,1BA | $600 |
| Parkwood Apartments | 2 Beds, 1 bath | 2BR,1BA | $695 |
| Oakwood Homes | 1B Apartment | 1BR,1BA | $773 |
| Green Acres | Layout E | 2BR,1BA | $840 |
| Block V | STUDIO/1BA | Studio,1BA | $850 |
| University Flats Apartments | 1B/1B/HIF 80% | 1BR,1BA | $867 |
| Southwood Park Townhomes | Sherwood 2 bedroom | 2BR,1BA | $1,080 |
| West River Falls | 110-107 | 2BR,1BA | $1,273 |
| The Beacon CLO | Slot 2B/1B HCA | 2BR,1BA | $1,520 |
Best Value Apartments for Rent in Kennedy, MN and Nearby
As of August 25, 2026 the best value apartment in the Kennedy area is the $0.96 price per square foot 2 Bed Big Model at CARRINGTON COURT in the starting from $1,720. The second greatest value Kennedy apartment is the CP5 - 3 Bed/2 Bath | 1,594 SF Model at Campus Place Apartments starting at $1,709 with a $1.07 price per square foot . Here is today’s list of the best values for Kennedy apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| CARRINGTON COURT | 2 Bed Big | 2BR,1.5BA | $0.96 |
| Campus Place Apartments | CP5 - 3 Bed/2 Bath | 1,594 SF | 3BR,2BA | $1.07 |
| Southwood Park Townhomes | Southwood 3 bedroom | 3BR,1.5BA | $0.88 |
| Northern Heights Apartments | 3 Bed/2 Bath | 1,334 SF | 3BR,2BA | $1.25 |
| Mallview Apartments | 3A | 3BR,2BA | $1.38 |
| West River Falls | 110-103 | 2BR,2BA | $1.28 |
| Green Acres | Layout G | 2BR,1BA | $0.88 |
| Parkwood Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.72 |
| Oakwood Homes | 1B Apartment | 1BR,1BA | $1.03 |
| University Flats Apartments | 1B/1B/HIF 80% | 1BR,1BA | $1.20 |
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 Kennedy, MN Rentals by Map
See the most popular apartments and homes in Kennedy, MN
Frequently Asked Questions about Cheap Kennedy Apartments
What is the Cheapest Studio apartment in Kennedy?
Currently the most affordable Cheap Studio Apartment in Kennedy is at Parkwood Senior Living 55+ listed at $600.
How much is rent for a Cheap One Bedroom Kennedy Apartment?
The lowest price for a Cheap One Bedroom Kennedy Apartment is $773 at Oakwood Homes.
What is the lowest price for a Cheap Two Bedroom Kennedy Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Kennedy is starting from $695 at Parkwood Apartments.
What is the most affordable Kennedy Three Bedroom Apartment?
The best deal on a cheap Kennedy Three Bedroom Apartment rental is at Southwood Park Townhomes and starts from $1,179.
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.

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.

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.