Cheap Homes for Rent near Kensington, MN from $400 (13 Rentals)

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Search the lowest-cost Homes 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.

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
property at 404 16th Ave SW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

404 16th Ave SW

WillmarMN56201
property at 17 3rd Ave NE

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

3 Bedroom, 1 Bath Home for Rent

Available Now

17 3rd Ave NE

Elbow LakeMN56531
property at 710 18th St S

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

710 18th St S

BensonMN56215

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.

property at 154 3rd Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Townhome for Rent

Available Now

154 3rd Ave

SpicerMN56288

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

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lakewood Terrace-37072 Bedrooms, 2 full, 1141 sqft, 3709 South Broad...2BR,2BA$1.30
Water Station Apartments2 Bed/2 Bath2BR,2BA$0.96
Mainstreeter Apartment Homes2B2B A2BR,2BA$1.52
Spruce Place Apartments2 Bedroom | Laurel Place2BR,1BA$1.01
Runestone Grand Apartments2 Bedroom2BR,1BA$1.07
Westfield Apartments1 Bed 1 Bath Bld 31BR,1BA$1.49
McKay Apartments2 Bed/1 Bath2BR,1BA$1.25
Cascade ApartmentsOne Bedroom1BR,1BA$1.33
Lakewood Apartments1 BD/1 BA1BR,1BA$1.45
Westfield Apartments1 bedroom1BR,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.

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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.

Read Article
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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!

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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

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.

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.