Cheap Apartments for Rent in Luverne, MN from $500 (50 Rentals)

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

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Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
  • Utilities Included
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City Centre Apartments
Studio to 3 Bedroom Apartments

City Centre Apartments

109 E Luverne StLuverne, MN 56156
  • Utilities Included

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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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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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

401 S Oak StEllsworth, MN 56129
  • Utilities Included
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Eagle Creek Apartments
Studio to 3 Bedroom Apartments

Eagle Creek Apartments

106 S Sandstone AveBrandon, SD 57005
Corporate Housing

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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4801 E 41st St
1 to 2 Bedroom Apartments

4801 E 41st St

4801 E 41st StSioux Falls, SD 57110
  • Utilities Included

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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Luverne, MN Local Guide

Cheapest Available Luverne Apartments for Rent and Nearby

 

The cheapest available apartment rental in Luverne, MN is a Studio unit found at Ridgeview Place Apartments in the Mystic Meadows neighborhood priced from $599. Legacy Village Apartments in the East Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Luverne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview Place Apartments0BR/1.0BAStudio,1BA$599
Legacy Village ApartmentsOne Bedroom B1BR,1BA$750
Dublin Square Apartments and TownhomesStudio Bedroom / 1 BathroomStudio,1BA$775
Taylor's Place ApartmentsSTEP INTO THIS SUMMER WITH THIS HOT DEAL! 1 BED...1BR,1BA$790
Springbrook Estates1Bd/1Ba1BR,1BA$794
Chapelwood III Apartments1BR/1.0BA1BR,1BA$795
Split Rock Village Apartments & TownhomesApartment StudioStudio,1BA$795
Grand Teton Estates Apartments2BR/1.0BA2BR,1BA$800
Aspen Ridge ReserveStudio ApartmentStudio,1BA$810
Willows South CommonsStudioStudio,1BA$825

Best Value Apartments for Rent in Luverne, MN and Nearby

As of August 07, 2026 the best value apartment in the Luverne area is the $1.15 price per square foot 3 Beds, 2.5 baths Model at Sundance Ridge Townhomes in the in the Southeast Sioux Falls neighborhood starting from $1,650. The second greatest value Luverne apartment is the 2 Bedroom 1 Bathroom Model at Ridgeview Apartments starting at $950 with a $0.95 price per square foot in the East Sioux Falls neighborhood. Here is today’s list of the best values for Luverne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sundance Ridge Townhomes3 Beds, 2.5 baths3BR,2.5BA$1.15
Ridgeview Apartments2 Bedroom 1 Bathroom2BR,1BA$0.95
3Falls Apartments3bd1ba3BR,1BA$1.02
Bentley Park1 Bedroom 1 Bathroom Upper Level1BR,1BA$1.09
Joslyn Heights Apartments2 Bed 1 Bath Apartment2BR,1BA$1.10
Hillview ApartmentsApartment Style 2 Bedroom 1 Bathroom2BR,1BA$1.09
Legacy Village ApartmentsTwo Bedroom A2BR,1BA$1.10
Taylor's Place ApartmentsHOT SIZZLIN DEAL ON BEAUTIFULLY REMODELED 1 BED...1BR,1BA$1.00
Grand Teton Estates Apartments2BR/1.0BA2BR,1BA$1.00
Chapelwood III Apartments1BR/1.0BA1BR,1BA$0.99

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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Quick 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.

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Best Local Schools in
Luverne, MN

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Luverne Apartments

What is the Cheapest Studio apartment in Luverne?

Currently the most affordable Cheap Studio Apartment in Luverne is at Ridgeview Place Apartments listed at $599.

How much is rent for a Cheap One Bedroom Luverne Apartment?

The lowest price for a Cheap One Bedroom Luverne Apartment is $750 at Legacy Village Apartments.

What is the lowest price for a Cheap Two Bedroom Luverne Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Luverne is starting from $800 at Grand Teton Estates Apartments.

What is the most affordable Luverne Three Bedroom Apartment?

The best deal on a cheap Luverne Three Bedroom Apartment rental is at 3Falls Apartments and starts from $995.

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

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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.

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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.