Cheap Apartments for Rent in Luverne, MN from $500 (62 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
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PrairiE Lofts A and B
1 to 2 Bedroom Apartments

PrairiE Lofts A and B

124 W Hatting StLuverne, MN 56156
  • 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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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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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.

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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

401 S Oak StEllsworth, MN 56129
  • Utilities Included

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.

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Eagle Creek Apartments
Studio to 3 Bedroom Apartments

Eagle Creek Apartments

106 S Sandstone AveBrandon, SD 57005
Corporate Housing
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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

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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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. 3Falls Apartments in the East Sioux Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. 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
3Falls Apartments1bd1ba1BR,1BA$695
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
Willows Edge CommonsApartment Style StudioStudio,1BA$795
Chapelwood III Apartments1BR/1.0BA1BR,1BA$825
Willows South CommonsStudioStudio,1BA$850
PowderHaus Apartments & TownhomesStudio Apartment (A)Studio,1BA$885

Best Value Apartments for Rent in Luverne, MN and Nearby

As of June 22, 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 3 Bedroom 2 Bathroom Model at Ridgeview Apartments starting at $1,195 with a $0.94 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 Apartments3 Bedroom 2 Bathroom3BR,2BA$0.94
HOME - FIELD APARTMENTS I2BR/1.0BA2BR,1BA$1.12
Hoppe Properties620 #101 and #102 - 2 BD, 1 BA2BR,1BA$0.86
Bentley Park1 Bedroom 1 Bathroom Lower Level1BR,1BA$1.05
Hillview ApartmentsApartment Style 2 Bedroom 1 Bathroom2BR,1BA$1.07
Legacy Village ApartmentsTwo Bedroom A2BR,1BA$1.10
Taylor's Place ApartmentsHOT SIZZLIN DEAL ON BEAUTIFULLY REMODELED 1 BED...1BR,1BA$1.03
Chapelwood III Apartments1BR/1.0BA1BR,1BA$1.03
3Falls Apartments1bd1ba1BR,1BA$1.05

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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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 $695 at 3Falls 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 $875 at Taylor's Place Apartments.

What is the most affordable Luverne Three Bedroom Apartment?

The best deal on a cheap Luverne Three Bedroom Apartment rental is at Hoppe Properties and starts from $999.

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 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.

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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.

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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.