
Cheap Apartments for Rent in Kensington, MN from $400 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in Kensington.


902 1st St S

97 7th Ave S

500 1st Ave S

Riverside Apartments

North Valley Apartments

Spruce Place Apartments

Eastside Acres

Westfield Apartments

Total Monthly Price
Nature's Edge 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.

Colonial Village Apartments

McKay Apartments

Twenty08 Apartments

10th Avenue Apartments

Broadway Apartments

Cascade Apartments

River Bluff Apartments

Central Lakes

Total Monthly Price
Trailside Apartments

Lakewood Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Somerset Apartments

Total Monthly Price
Pheasant Run

318 14th Ave E, Unit B

East Side Stories Apartments

Colonial Court

Stetson Village Apartments

Granite Manor/Runestone

Lincoln Apartments

Water Station Apartments

Hillside Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Page House

Osakis Community Manor

Silverleaf Apartments

Goldenwood

KMA - Highland Terrace Apartments

806 W 5th St

Heritage Apartments- Morris

Carolina Village

Willow Square

Greenleaf Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Aspen Green II

1605 7th St N

1504 & 1508 Jefferson St

1627 7th St N

1624 8th St N

1612 8th St N

1606 8th St N

Ridgeview Manor - Trail I and II

Lamplighter Apartments

Cardinal Estates
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.
Kensington, MN Local Guide

How much does it cost to rent an apartment in Kensington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kensington Studio Apartments | $1,009 | $695 | $1,295 |
| Kensington 1 Bedroom Apartments | $1,231 | $710 | $1,868 |
| Kensington 2 Bedroom Apartments | $1,498 | $755 | $2,819 |
| Kensington 3 Bedroom Apartments | $1,528 | $1,145 | $1,995 |
| Kensington 4 Bedroom Apartments | $1,827 | $1,270 | $2,095 |
Browse Top Apartments in Kensington
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Kensington, MN Local Guide
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Cheapest Available Kensington Apartments for Rent and Nearby
 The cheapest available apartment rental in Kensington, MN is a Studio unit found at Riverside Apartments priced from $695. North Valley Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Kensington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverside Apartments | 911 studios | Studio,1BA | $695 |
| North Valley Apartments | Efficiency | Studio,1BA | $700 |
| Eastside Acres | 1 Bed, 1 bath | 1BR,1BA | $761 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $765 |
| Twenty08 Apartments | A.1 TIF | Studio,1BA | $820 |
| 10th Avenue Apartments | 1873 - Studio/1BA | Studio,1BA | $850 |
| Cascade Apartments | One Bedroom | 1BR,1BA | $898 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $900 |
| Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR,1BA | $900 |
| Central Lakes | B.2 (Handicap accessible) | 1BR,1BA | $925 |
Best Value Apartments for Rent in Kensington, MN and Nearby
As of June 16, 2026 the best value apartment in the Kensington area is the $1.19 price per square foot 2 Beds, 1 Baths Model at Campus View Historic Apartments in the starting from $1,375. The second greatest value Kensington apartment is the C.1 Model at Central Lakes starting at $1,355 with a $1.42 price per square foot . Here is today’s list of the best values for Kensington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Campus View Historic Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.19 |
| Central Lakes | C.1 | 2BR,1BA | $1.42 |
| Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR,1BA | $1.01 |
| Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR,1BA | $1.11 |
| East Side Stories Apartments | 2 bed | 2BR,1BA | $1.17 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.25 |
| Lamplighter Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.30 |
| Cascade Apartments | One Bedroom | 1BR,1BA | $1.33 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $1.23 |
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 Kensington, MN Rentals by Map
See the most popular apartments and homes in Kensington, MN
Frequently Asked Questions about Cheap Kensington Apartments
What is the Cheapest Studio apartment in Kensington?
Currently the most affordable Cheap Studio Apartment in Kensington is at Riverside Apartments listed at $695.
How much is rent for a Cheap One Bedroom Kensington Apartment?
The lowest price for a Cheap One Bedroom Kensington Apartment is $761 at Eastside Acres.
What is the lowest price for a Cheap Two Bedroom Kensington Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Kensington is starting from $900 at McKay 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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.