Cheap Apartments for Rent in Kensington, MN from $400 (54 Rentals)

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

property at 902 1st St S

$400

Total Monthly Price

Total Monthly Price

Base Rent
$400
Total Monthly Price
$400

2 Bedroom, 1 Bath Home for Rent

Available Now

902 1st St S

WahpetonND58075
property at 97 7th Ave S

$400

Total Monthly Price

Total Monthly Price

Base Rent
$400
Total Monthly Price
$400

1 Bedroom, 1 Bath Home for Rent

Available Now

97 7th Ave S

WahpetonND58075
property at 500 1st Ave S

$460

Total Monthly Price

Total Monthly Price

Base Rent
$460
Total Monthly Price
$460

1 Bedroom, 1 Bath Home for Rent

Available Now

500 1st Ave S

FairmountND58030

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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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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Pheasant Run
$969 - $1,394
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,375
Required Monthly Fees
$19
Total Monthly Price
$969 - $1,394
1 to 3 Bedroom Apartments Available May 16, 2099

Pheasant Run

825 34th Ave EAlexandria, MN 56308
  • Verified
  • Customer Reviewed
  • 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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Page House
1 Bedroom Apartments

Page House

221 E Cavour AveFergus Falls, MN 56537
  • Utilities Included
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Osakis Community Manor
1 to 2 Bedroom Apartments

Osakis Community Manor

480 W Main StOsakis, MN 56360
Senior Living
  • Utilities Included
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Goldenwood
1 to 2 Bedroom Apartments

Goldenwood

1145 Friberg AveFergus Falls, MN 56537
Senior Living
  • Utilities Included
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Silverleaf Apartments
1 Bedroom Apartments

Silverleaf Apartments

124 E Summit AveFergus Falls, MN 56537
  • Utilities Included
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806 W 5th St
Studio to 1 Bedroom Apartments

806 W 5th St

806 W 5th StMorris, MN 56267
Corporate Housing
  • Utilities Included
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Carolina Village
1 to 2 Bedroom Apartments

Carolina Village

511 Carolina AveHoffman, MN 56339
  • Utilities Included
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Willow Square
1 Bedroom Apartments

Willow Square

305 N Clayborn AveParkers Prairie, MN 56361
Senior Living
  • Utilities Included
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Greenleaf Apartments
1 Bedroom Apartments

Greenleaf Apartments

222 1st Ave NEEagle Bend, MN 56446
  • Utilities Included

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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Aspen Green II
1 to 2 Bedroom Apartments

Aspen Green II

720 Melody LnFergus Falls, MN 56537
  • Utilities Included
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1504 & 1508 Jefferson St
1 to 2 Bedroom Apartments

1504 & 1508 Jefferson St

1504-1508 Jefferson StAlexandria, MN 56308
Student Housing
  • Utilities Included
property at 310 8th St N

$825

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 1

310 8th St N

KerkhovenMN56252
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Lamplighter Apartments
1 to 2 Bedroom Apartments

Lamplighter Apartments

201 W 5th StMorris, MN 56267
Student Housing
  • Utilities Included
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Cardinal Estates
1 to 3 Bedroom Apartments

Cardinal Estates

300-302 South StMorris, MN 56267
  • Utilities Included
property at 313 5th St S

$848

Total Monthly Price

Total Monthly Price

Base Rent
$848
Total Monthly Price
$848

1 Bedroom, 1 Bath Townhome for Rent

Available Now

313 5th St S

Grove CityMN56243
property at 512 Maple Ln

$848

Total Monthly Price

Total Monthly Price

Base Rent
$848
Total Monthly Price
$848

1 Bedroom, 1 Bath Townhome for Rent

Available Now

512 Maple Ln

Grove CityMN56243

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.

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Kensington, MN Local Guide

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 ListingModel NameBed/BathPriced From
Riverside Apartments911 studiosStudio,1BA$695
North Valley ApartmentsEfficiencyStudio,1BA$700
Eastside Acres1 Bed, 1 bath1BR,1BA$761
Westfield Apartments1 bedroom1BR,1BA$765
Twenty08 ApartmentsA.1 TIFStudio,1BA$820
10th Avenue Apartments1873 - Studio/1BAStudio,1BA$850
Cascade ApartmentsOne Bedroom1BR,1BA$898
Spruce Place Apartments2 Bedroom | Laurel Place2BR,1BA$900
McKay Apartments2 Bed/1 Bath2BR,1BA$900
Campus View Historic Apartments1 Beds, 1 Baths1BR,1BA$900

Best Value Apartments for Rent in Kensington, MN and Nearby

As of July 31, 2026 the best value apartment in the Kensington area is the $1.30 price per square foot 2 Bedrooms, 2 full, 1141 sqft, 3709 South Broad... Model at Lakewood Terrace-3707 in the starting from $1,485. The second greatest value Kensington apartment is the 2 Bedroom | Laurel Place Model at Spruce Place Apartments starting at $900 with a $1.01 price per square foot . Here is today’s list of the best values for Kensington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lakewood Terrace-37072 Bedrooms, 2 full, 1141 sqft, 3709 South Broad...2BR,2BA$1.30
Spruce Place Apartments2 Bedroom | Laurel Place2BR,1BA$1.01
Runestone Grand Apartments2 Bedroom2BR,1BA$1.07
Lakewood Apartments2 BD/1 BA2BR,1BA$1.29
The Legacy of Alexandria1 Bedroom 1 Bathroom1BR,1BA$1.53
Westfield Apartments1 Bed 1 Bath Bld 31BR,1BA$1.49
McKay Apartments2 Bed/1 Bath2BR,1BA$1.25
Cascade ApartmentsOne Bedroom1BR,1BA$1.33
Westfield Apartments1 bedroom1BR,1BA$1.23
Eastside Acres1 Bed, 1 bath1BR,1BA$1.52

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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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!

Explore Kensington, MN Rentals by Map

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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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.