Cheap Apartments for Rent in Mentor, MN from $400 (51 Rentals)

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

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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Pioneer Court A Ltd Ptshp
1 to 2 Bedroom Apartments

Pioneer Court A Ltd Ptshp

1602 Greenwood StThief River Falls, MN 56701
Senior Living
  • Utilities Included
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Valley View Commons
1 to 2 Bedroom Apartments

Valley View Commons

412 2nd St SWMahnomen, MN 56557
Senior Living
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701 Lily Ln
1 to 2 Bedroom Apartments

701 Lily Ln

701 Lily LnAda, MN 56510
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Country Acres Apartment
2 Bedroom Apartments

Country Acres Apartment

1918 Greenwood St EThief River Falls, MN 56701
  • Utilities Included
property at 1203 34th St Cir S

$820

Total Monthly Price

Total Monthly Price

Base Rent
$820
Total Monthly Price
$820

1 Bedroom, 1 Bath Condo for Rent

Available Jul 1

1203 34th St Cir S

MoorheadMN56560

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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Country Place Apartments
1 to 2 Bedroom Apartments

Country Place Apartments

23110 347th St SEErskine, MN 56535
Senior Living
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The Meadows
Studio to 3 Bedroom Apartments

The Meadows

1901 Pirate DrCrookston, MN 56716
  • 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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Showing Results 1-50, Page 1 of 2

Mentor, MN Local Guide

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. Broadway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Mentor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Silver Leaf Property Management - Grand ForksStudio (no kitchen)Studio,1BA$495
Broadway Apartments1 bedroom 1 bath1BR,1BA$800
Valley Pines Apartments1 Bedroom 1 Bathroom1BR,1BA$813
Prairie RoseTwo Bedroom Apartment2BR,1BA$823
Block VSTUDIO/1BAStudio,1BA$850
Green AcresCharming 2BR Apartment with Fresh Paint!2BR,1BA$850
River Falls EstatesUnit 1111BR,1BA$859
Heritage Highland II Townhomes2 bedroom2BR,1BA$929
West River Falls210-3051BR,1BA$997
Agassiz Townhomes3 Bedroom 1 Bath Handi Cap Unit3BR,1BA$1,046

Best Value Apartments for Rent in Mentor, MN and Nearby

As of June 19, 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 Bed/2 Bath | 1,334 SF Model at Northern Heights Apartments starting at $1,670 with a $1.25 price per square foot in the Downtown Grand Forks neighborhood. Here is today’s list of the best values for Mentor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Agassiz Townhomes3 Bedroom 1 Bath Handi Cap Unit3BR,1BA$0.57
Northern Heights Apartments3 Bed/2 Bath | 1,334 SF3BR,2BA$1.25
Heritage Highland II Townhomes2 bedroom2BR,1.5BA$0.74
Southwood Park TownhomesSherwood 2 bedroom2BR,1.5BA$0.87
SummerField Thief River Falls TownhomesThree Bedroom Two Bath3BR,2BA$0.97
Green AcresSTUDENT DISCOUNT! Fully renovated 2BR – Northla...2BR,1BA$1.10
Prairieland Duplexes3 bedroom Duplex3BR,1BA$1.14
Prairie RoseThree Bedroom Apartment3BR,1BA$1.08
River Falls EstatesUnit 1111BR,1BA$1.19
Broadway Apartments1 bedroom 1 bath1BR,1BA$1.14

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

Explore Mentor, MN Rentals by Map

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See the most popular apartments and homes in Mentor, MN

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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 $640 at Silver Leaf Property Management - Grand Forks.

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 $720 at Silver Leaf Property Management - Grand Forks.

What is the most affordable Mentor Three Bedroom Apartment?

The best deal on a cheap Mentor Three Bedroom Apartment rental is at Prairie Rose and starts from $951.

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.