
Cheap Apartments for Rent in Mountain Iron, MN from $495 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Mountain Iron.


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5739 Marble Ave

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Park Villa Apartments

Raintree West Apartments

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115 3rd St S

105 N 6th Ave W

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Park Apartments

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Laurentian Apartments

109 3rd Ave
Rent According to Income: A Look at Income-Restricted Rentals
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Ivy Manor Apartments

516 1st St N

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Meadowview Apartments

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Deering Manor - Section 8: 62+ ,Handicapped,

218 2nd St N

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Silverwood Apartments

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Meadowbrook Apartments

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Canal Apartments

212 NE 3rd Ave
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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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Marlin Manor

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Hilltop Manor

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Eastview Apartments

1208 S 2nd Ave W

1210 E 11th St

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River Hills Apartments

1220 13th Ave E

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City View Apartments

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112 SW 21st St
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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500 Main St, Unit Lynx Place #1

Irongate Apartments & Townhomes

The Androy Apartments

Alice Nettell Towers

Washington Manor Senior Residences

Lincoln Place Apartments

1114 E 22nd St

The Virginian Apartments

525 Pierce St
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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.

117 E Hibbing Ave
Mountain Iron, MN Local Guide

How much does it cost to rent an apartment in Mountain Iron?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mountain Iron Studio Apartments | $710 | $495 | $800 |
| Mountain Iron 1 Bedroom Apartments | $805 | $525 | $1,350 |
| Mountain Iron 2 Bedroom Apartments | $1,181 | $625 | $1,750 |
| Mountain Iron 3 Bedroom Apartments | $1,315 | $1,250 | $1,450 |
Browse Top Apartments in Mountain Iron
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Mountain Iron, MN Local Guide
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Cheapest Available Mountain Iron Apartments for Rent and Nearby
 The cheapest available apartment rental in Mountain Iron, MN is a Studio unit found at 115 3rd St S priced from $495. Laurentian Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Mountain Iron apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 115 3rd St S | Studio/Efficiency | Studio,1BA | $495 |
| Laurentian Apartments | Studio | 1BR,1BA | $600 |
| Park Apartments | 2 Bed/1 Bath | 2BR,1BA | $625 |
| Meadowview Apartments | 1 Bdr-Market Rate | 1BR,1BA | $700 |
| Mountain Manor Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $701 |
| Deering Manor - Section 8: 62+ ,Handicapped, | Deering Manor, 1 bed, 1 bath. | 1BR,1BA | $715 |
| Silverwood Apartments | 1 Bedroom | 1BR,1BA | $793 |
| Canal Apartments | Efficiency | Studio,1BA | $800 |
| Meadowbrook Apartments | 2 Bed + 1 Bath | 2BR,1BA | $895 |
| 5739 Marble Ave | 2 Bedroom | 2BR,1BA | $900 |
Best Value Apartments for Rent in Mountain Iron, MN and Nearby
As of September 13, 2026 the best value apartment in the Mountain Iron area is the $0.90 price per square foot 2 Bed + 1 Bath Model at Meadowbrook Apartments in the starting from $895. The second greatest value Mountain Iron apartment is the 3 Bedroom Model at Raintree West Apartments starting at $1,062 with a $1.09 price per square foot . Here is today’s list of the best values for Mountain Iron apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Meadowbrook Apartments | 2 Bed + 1 Bath | 2BR,1BA | $0.90 |
| Raintree West Apartments | 3 Bedroom | 3BR,1BA | $1.09 |
| Ivy Manor Apartments | 2 Bedroom | 2BR,1BA | $1.05 |
| 5739 Marble Ave | 2 Bedroom | 2BR,1BA | $1.13 |
| Meadowview Apartments | 2 Bdr - Subsidized | 1BR,1BA | $1.19 |
| Silverwood Apartments | 1 Bedroom | 1BR,1BA | $1.30 |
| Park Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.04 |
| Deering Manor - Section 8: 62+ ,Handicapped, | Deering Manor, 1 bed, 1 bath. | 1BR,1BA | $1.22 |
| Mountain Manor Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.40 |
| Laurentian Apartments | Studio | 1BR,1BA | $1.50 |
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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Read ArticleReal 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.
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 Mountain Iron, MN Rentals by Map
See the most popular apartments and homes in Mountain Iron, MN
Frequently Asked Questions about Cheap Mountain Iron Apartments
What is the Cheapest Studio apartment in Mountain Iron?
Currently the most affordable Cheap Studio Apartment in Mountain Iron is at 115 3rd St S listed at $495.
How much is rent for a Cheap One Bedroom Mountain Iron Apartment?
The lowest price for a Cheap One Bedroom Mountain Iron Apartment is $600 at Laurentian Apartments.
What is the lowest price for a Cheap Two Bedroom Mountain Iron Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Mountain Iron is starting from $625 at Park Apartments.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.