
Cheap Apartments for Rent in Mentor, MN from $400 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Mentor.


Landmark Estates

Greenfield Apartments

Southern Manor Apartments

Prairie Rose

Valley Park Apartments

701 Lily Ln

Broadway Apartments
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.

Fisher Townhomes

Valley Pines Apartments

Parkwood Apartments

Block V

Green Acres

Crookston Townhomes

Wheatland Estates

Prairieland Duplexes
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.

First Street Estates

Heritage Highland II Townhomes

Agassiz Townhomes

Heritage Highlands

West River Falls

Franklin on 4th

Halstad Community Homes

Pioneer Court A Ltd Ptshp
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.

Valley View Commons

376 4th St E

32 10th Ave N

Nimens Espegard Apartments

Country Acres Apartment

2913 8th St N

Country Place Apartments

102-15t 15th St N
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

The Meadows
Mentor, MN Local Guide

How much does it cost to rent an apartment in Mentor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mentor Studio Apartments | $838 | $495 | $1,250 |
| Mentor 1 Bedroom Apartments | $1,186 | $675 | $1,900 |
| Mentor 2 Bedroom Apartments | $1,299 | $692 | $2,650 |
| Mentor 3 Bedroom Apartments | $1,434 | $940 | $2,345 |
| Mentor 4 Bedroom Apartments | $1,573 | $1,223 | $2,475 |
Browse Top Apartments in Mentor
See all Apartments in MentorExplore Mentor
Mentor, MN Local Guide
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Cheapest Available Mentor Apartments for Rent and Nearby
 The cheapest available apartment rental in Mentor, MN is a Studio unit found at Silver Leaf Property Management - Grand Forks priced from $495. Landmark Estates has the second lowest priced unit, which is a Studio apartment currently listed from $535. Here is today’s list of the most affordable Mentor apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Silver Leaf Property Management - Grand Forks | Studio (no kitchen) | Studio,1BA | $495 |
| Landmark Estates | Efficiency A | Studio,1BA | $535 |
| Valley Park Apartments | 1 Bedroom B | 1BR,1BA | $735 |
| 701 Lily Ln | 2 Bedroom | 2BR,1BA | $800 |
| Broadway Apartments | 1 bedroom 1 bath | 1BR,1BA | $800 |
| Valley Pines Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $813 |
| Prairie Rose | Two Bedroom Apartment | 2BR,1BA | $823 |
| Parkwood Apartments | 2 Bedroom | 2BR,1BA | $825 |
| Block V | STUDIO/1BA | Studio,1BA | $850 |
| Green Acres | Charming 2BR Apartment with Fresh Paint! | 2BR,1BA | $850 |
Best Value Apartments for Rent in Mentor, MN and Nearby
As of May 05, 2026 the best value apartment in the Mentor area is the $0.57 price per square foot 3 Bedroom 1 Bath Handi Cap Unit Model at Agassiz Townhomes in the starting from $1,046. The second greatest value Mentor apartment is the 3 Bedroom 1.5 Bath Model at Crookston Townhomes starting at $992 with a $0.68 price per square foot . Here is today’s list of the best values for Mentor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Agassiz Townhomes | 3 Bedroom 1 Bath Handi Cap Unit | 3BR,1BA | $0.57 |
| Crookston Townhomes | 3 Bedroom 1.5 Bath | 3BR,1.5BA | $0.68 |
| River Falls Estates | Unit 213 | 2BR,1BA | $1.07 |
| Southwood Park Townhomes | Southwood 2 bedroom | 2BR,1.5BA | $1.02 |
| Green Acres | Charming 2BR Apartment with Fresh Paint! | 2BR,1BA | $0.88 |
| Parkwood Apartments | 2 Bedroom | 2BR,1BA | $0.86 |
| 701 Lily Ln | 2 Bedroom | 2BR,1BA | $0.83 |
| Prairieland Duplexes | 3 bedroom Duplex | 3BR,1BA | $1.14 |
| Prairie Rose | Three Bedroom Apartment | 3BR,1BA | $1.08 |
| Broadway Apartments | 1 bedroom 1 bath | 1BR,1BA | $1.14 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mentor, MN Rentals by Map
See the most popular apartments and homes in Mentor, MN
Frequently Asked Questions about Cheap Mentor Apartments
What is the Cheapest Studio apartment in Mentor?
Currently the most affordable Cheap Studio Apartment in Mentor is at Silver Leaf Property Management - Grand Forks listed at $495.
How much is rent for a Cheap One Bedroom Mentor Apartment?
The lowest price for a Cheap One Bedroom Mentor Apartment is $735 at Valley Park Apartments.
What is the lowest price for a Cheap Two Bedroom Mentor Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Mentor is starting from $800 at 701 Lily Ln.
What is the most affordable Mentor Three Bedroom Apartment?
The best deal on a cheap Mentor Three Bedroom Apartment rental is at Silver Leaf Property Management - Grand Forks and starts from $940.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.