Cheap Apartments for Rent in Myrtle, MN from $400 (30 Rentals)

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

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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property at 108 Main St N

$650 - $730

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

1 Bedroom Rentals

Available Now

108 Main St N

Grand MeadowMN55936
property at 702 E Main St

$850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

Studio, 1 Bath Home for Rent

Available Now

702 E Main St

Albert LeaMN56007
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Grant Village
1 Bedroom Apartments

Grant Village

815-843 6th St SWMason City, IA 50401
Senior Living
  • Utilities Included
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909 E Vine St
1 to 2 Bedroom Apartments

909 E Vine St

909 Vine St EOwatonna, MN 55060
property at 930 S Broadway Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 1 Bath Condo for Rent

Available Jun 5

930 S Broadway Ave

Albert LeaMN56007
property at 423 Adams Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Jun 6

423 Adams Ave

Albert LeaMN56007

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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property at 821 Jefferson Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

1 Bedroom, 1 Bath Condo for Rent

Available Now

821 Jefferson Ave

Albert LeaMN56007
property at 1203 11th St NW

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

3 Bedroom, 2 Bath Home for Rent

Available Now

1203 11th St NW

AustinMN55912
Showing Results 1-30, Page 1 of 1

Myrtle, MN Local Guide

Cheapest Available Myrtle Apartments for Rent and Nearby

 

The cheapest available apartment rental in Myrtle, MN is a 1 Bed unit found at Shalom Tower II priced from $405. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Myrtle apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Shalom Tower IITower I Efficiency1BR,1BA$405
Key ApartmentsEfficiencyStudio,1BA$500
18 S Adams AveOne Bedroom1BR,1BA$525
Key West ApartmentsStudioStudio,1BA$550
CityView ApartmentsStudioStudio,1BA$650
The River Apartments & TownhomesStudioStudio,1BA$710
City Center Kent Apartments1 Bedroom1BR,1BA$800
The Manor1bd 1 bth1BR,1BA$820
Northern Place ApartmentsTwo Bedroom2BR,1BA$860
Federal Ave Rowhomes1x11BR,1BA$895

Best Value Apartments for Rent in Myrtle, MN and Nearby

As of May 16, 2026 the best value apartment in the Myrtle area is the $1.09 price per square foot 2 Bedroom Loft Model at Skye Lofts Apartments in the starting from $1,490. The second greatest value Myrtle apartment is the 2 Bedroom 2 Bathroom Model at South Pointe Apartments starting at $1,430 with a $1.30 price per square foot in the Downtown Owatonna neighborhood. Here is today’s list of the best values for Myrtle apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skye Lofts Apartments2 Bedroom Loft2BR,1.5BA$1.09
South Pointe Apartments2 Bedroom 2 Bathroom2BR,2BA$1.30
The Meadows2 Bedroom 1 Bathroom2BR,1BA$1.28
Kee Valley Apartments2 Beds, 1 bath2BR,1BA$1.14
Shalom Tower IITower II - One Bedroom1BR,1BA$0.73
CityView Apartments2 bedroom2BR,1BA$1.08
Dodger 56, LLC1 Bedroom 1 Bath1BR,1BA$1.44
Northern Place ApartmentsOne Bedroom1BR,1BA$1.31
City Center Kent Apartments1 Bedroom1BR,1BA$1.33
18 S Adams AveOne Bedroom1BR,1BA$0.95

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!

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Frequently Asked Questions about Cheap Myrtle Apartments

What is the Cheapest Studio apartment in Myrtle?

Currently the most affordable Cheap Studio Apartment in Myrtle is at Key Apartments listed at $500.

How much is rent for a Cheap One Bedroom Myrtle Apartment?

The lowest price for a Cheap One Bedroom Myrtle Apartment is $405 at Shalom Tower II.

What is the lowest price for a Cheap Two Bedroom Myrtle Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Myrtle is starting from $860 at Northern Place Apartments.

What is the most affordable Myrtle Three Bedroom Apartment?

The best deal on a cheap Myrtle Three Bedroom Apartment rental is at Northern Place Apartments and starts from $1,160.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.