
Cheap Homes for Rent in Luverne, MN from $700 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Luverne.


1300 E 6th St

625 S Prairie Ave

203 S Covell Ave

412 S Walnut St
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.

713-715 W 16th St

1329 E 4th St

1308 E 4th St

109 E Redwood Blvd

605 E 14th St
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.

3034 N Lewis Ave

234 Elmwood Ave

3008 S Phillips Ave

2310 S Euclid Ave

328 N Blauvelt Ave
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.

919 S Sherman Ave
Luverne, MN Local Guide

How much does it cost to rent a home in Luverne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Luverne 2 Bedroom Homes for Rent | $1,444 | $850 | $2,400 |
| Luverne 3 Bedroom Homes for Rent | $1,677 | $1,200 | $2,395 |
| Luverne 4 Bedroom Homes for Rent | $2,459 | $1,595 | $3,595 |
| Luverne 5 Bedroom Homes for Rent | $3,697 | $3,400 | $3,995 |
Browse Top Homes for Rent in Luverne
Explore Luverne
Luverne, MN Local Guide
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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 $738. Here is today’s list of the most affordable Luverne apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgeview Place Apartments | 0BR/1.0BA | Studio,1BA | $599 |
| 3Falls Apartments | 1bd1ba | 1BR,1BA | $738 |
| Aspen Ridge Reserve | Studio Apartment | Studio,1BA | $750 |
| Dublin Square Apartments and Townhomes | Studio Bedroom / 1 Bathroom | Studio,1BA | $775 |
| Springbrook Estates | 1Bd/1Ba | 1BR,1BA | $784 |
Best Value Apartments for Rent in Luverne, MN and Nearby
As of April 15, 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 2BR/1.0BA Model at HOME - FIELD APARTMENTS I starting at $1,230 with a $1.12 price per square foot in the Mystic Meadows neighborhood. Here is today’s list of the best values for Luverne apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sundance Ridge Townhomes | 3 Beds, 2.5 baths | 3BR,2.5BA | $1.15 |
| HOME - FIELD APARTMENTS I | 2BR/1.0BA | 2BR,1BA | $1.12 |
| Ridgeview Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.94 |
| Bentley Park | 1 Bedroom 1 Bathroom Upper Level | 1BR,1BA | $1.09 |
| Joslyn Heights Apartments | 2 Bed 1 Bath Apartment | 2BR,1BA | $1.09 |
| Ridgeview Place Apartments | 1 Bedroom, 1 Bath Unit | 1BR,1BA | $1.11 |
| Legacy Village Apartments | Two Bedroom A | 2BR,1BA | $1.04 |
| Taylor's Place Apartments | Spring into Savings This April with our ONE BED... | 1BR,1BA | $1.09 |
| Chapelwood III Apartments | 1BR/1.0BA | 1BR,1BA | $1.00 |
| 3Falls Apartments | 1bd1ba | 1BR,1BA | $1.11 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick 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.
Best Local Schools in Luverne, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Luverne, MN Rentals by Map
See the most popular apartments and homes in Luverne, MN
Frequently Asked Questions about Luverne
What type of rentals are currently available in Luverne?
There are currently 54 Apartments for Rent in Luverne, MN with pricing that ranges from $399 to $3,005. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Luverne ranging from $700 to $3,995.
What is the current price range for Rental Homes in Luverne?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Luverne ranges from $700 to $3,995 with an average monthly rent of $1,997.
How much are larger Three and Four Bedroom Rentals in Luverne?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Luverne range from $1,070 to $2,785, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $2,100.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.