
Cheap Homes for Rent near Kensington, MN from $400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Kensington.


97 7th Ave S

500 1st Ave S

1605 7th St N

1612 8th St N

1624 8th St N
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.

313 5th St S

512 Maple Ln

1652 8th St N

404 16th Ave SW

17 3rd Ave NE

710 18th St S
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.

154 3rd Ave
Kensington, MN Local Guide

How much does it cost to rent a home in Kensington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Kensington 2 Bedroom Homes for Rent | $1,074 | $400 | $1,525 |
| Kensington 3 Bedroom Homes for Rent | $1,611 | $975 | $2,495 |
| Kensington 4 Bedroom Homes for Rent | $1,650 | $1,650 | $1,650 |
| Kensington 5 Bedroom Homes for Rent | $2,233 | $1,600 | $2,600 |
Browse Top Homes for Rent in Kensington
Explore Kensington
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 |
Best Value Apartments for Rent in Kensington, MN and Nearby
As of July 21, 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 Bed/2 Bath Model at Water Station Apartments starting at $995 with a $0.96 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. |
|---|---|---|---|
| Lakewood Terrace-3707 | 2 Bedrooms, 2 full, 1141 sqft, 3709 South Broad... | 2BR,2BA | $1.30 |
| Water Station Apartments | 2 Bed/2 Bath | 2BR,2BA | $0.96 |
| Mainstreeter Apartment Homes | 2B2B A | 2BR,2BA | $1.52 |
| Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR,1BA | $1.01 |
| Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Westfield Apartments | 1 Bed 1 Bath Bld 3 | 1BR,1BA | $1.49 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.25 |
| Cascade Apartments | One Bedroom | 1BR,1BA | $1.33 |
| Lakewood Apartments | 1 BD/1 BA | 1BR,1BA | $1.45 |
| 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
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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.
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 Kensington
What type of rentals are currently available in Kensington?
There are currently 65 Apartments for Rent in Kensington, MN with pricing that ranges from $695 to $2,819. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kensington ranging from $400 to $2,600.
What is the current price range for Rental Homes in Kensington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Kensington ranges from $400 to $2,600 with an average monthly rent of $1,454.
How much are larger Three and Four Bedroom Rentals in Kensington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Kensington range from $1,145 to $1,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,495. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,270.
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.

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.

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.