Cheap Apartments for Rent near Nelson, MN from $700 (69 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Parkview Apartments
$940 - $1,090

Total Monthly Price

Base Rent$940 - $1,090
Total Monthly Price$940 - $1,090
2 to 3 Bedroom Apartments Contact Us For Availability

Parkview Apartments

535 6th StAvon, MN 56310
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  • Utilities Included
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Granite Manor/Runestone
$953 - $1,763

Total Monthly Price

Base Rent$945 - $1,755
Required Monthly Fees$8
Total Monthly Price$953 - $1,763
12 Month Lease Term
Studio to 3 Bedroom Apartments Available Now

Granite Manor/Runestone

4727 Arbor Crossing SEAlexandria, MN 56308
Pet Friendly
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Pheasant Run
$969 - $1,394

Total Monthly Price

Base Rent$950 - $1,375
Required Monthly Fees$19
Total Monthly Price$969 - $1,394
1 to 3 Bedroom Apartments Available May 16, 2099

Pheasant Run

825 34th Ave EAlexandria, MN 56308
Family Friendly
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  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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property at 606 1st Ave N
$1,025

Total Monthly Price

Base Rent$1,025
Total Monthly Price$1,025
12 Month Lease Term
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

606 1st Ave N, Unit 6

606 1st Ave N
PerhamMN56573
  • Smoke Free
property at 100 7th St NE
$1,050

Total Monthly Price

Base Rent$1,050
Total Monthly Price$1,050
12 Month Lease Term
2 Bedroom, 1 Bath Townhome for Rent
Available Now

100 7th St NE

PerhamMN56573
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property at 407 E Soo St
$1,100

Total Monthly Price

Base Rent$1,100
Total Monthly Price$1,100
12 Month Lease Term
2 Bedroom, 1 Bath Townhome for Rent
Available Oct 31

407 E Soo St

Parkers PrairieMN56361

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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Hillside Apartments
$1,210 - $2,155

Total Monthly Price

Base Rent$1,150 - $2,095
Required Monthly Fees$60
Total Monthly Price$1,210 - $2,155
Studio to 4 Bedroom Apartments Available Now

Hillside Apartments

1825 Oakview Ave SEAlexandria, MN 56308
Pet Friendly
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Wobegon Crossings
$1,289 - $1,749

Total Monthly Price

Base Rent$1,270 - $1,730
Required Monthly Fees$19
Total Monthly Price$1,289 - $1,749
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Wobegon Crossings

1250 W Railroad AveMelrose, MN 56352
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Osakis Community Manor
1 to 2 Bedroom Apartments

Osakis Community Manor

480 W Main StOsakis, MN 56360
Senior Living
  • Utilities Included

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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806 W 5th St
Studio to 1 Bedroom Apartments

806 W 5th St

806 W 5th StMorris, MN 56267
Corporate Housing
  • Utilities Included
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Carolina Village
1 to 2 Bedroom Apartments

Carolina Village

511 Carolina AveHoffman, MN 56339
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Finlandia Apartments
1 Bedroom Apartments

Finlandia Apartments

107 Edgewood StNew York Mills, MN 56567
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Village Green Apartments
1 Bedroom Apartments

Village Green Apartments

101 Thompson StVerndale, MN 56481
Senior Living
  • Utilities Included
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Willow Square
1 Bedroom Apartments

Willow Square

305 N Clayborn AveParkers Prairie, MN 56361
Senior Living
  • Utilities Included
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Greenleaf Apartments
1 Bedroom Apartments

Greenleaf Apartments

222 1st Ave NEEagle Bend, MN 56446
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Heritage Manor
1 Bedroom Apartments

Heritage Manor

105 Edgewood StNew York Mills, MN 56567
Senior Living
  • Utilities Included

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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Nelson, MN Local Guide

Cheapest Available Nelson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Nelson, MN is a Studio unit found at North Valley Apartments priced from $700. Westfield Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $768. Here is today’s list of the most affordable Nelson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Valley ApartmentsEfficiencyStudio,1BA$700
Westfield Apartments1 bedroom1BR,1BA$768
Twenty08 ApartmentsA.1 TIFStudio,1BA$820
10th Avenue Apartments1873 - Studio/1BAStudio,1BA$850
Water Station Apartments1 bedroom1BR,1BA$860
Central LakesB.1 INCOME RESTRICTED1BR,1BA$893
Cascade ApartmentsOne Bedroom1BR,1BA$898
Trailside Apartments - 55+ CommunityCOWDREY STUDIO - AVAILABLE FALL 2026!Studio,1BA$923
Runestone Grand Apartments2 Bedroom2BR,1BA$935
McKay Apartments2 Bed/1 Bath2BR,1BA$995

Best Value Apartments for Rent in Nelson, MN and Nearby

As of September 06, 2026 the best value apartment in the Nelson area is the $1.34 price per square foot 3 Bedrooms, 2 full, 4541 Arbor Xing SE Model at Granite Manor/Runestone in the starting from $1,763. The second greatest value Nelson apartment is the 2 Bed 1 Bath Bld 1&2 Model at Westfield Apartments starting at $1,345 with a $1.41 price per square foot . Here is today’s list of the best values for Nelson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Granite Manor/Runestone3 Bedrooms, 2 full, 4541 Arbor Xing SE3BR,2BA$1.34
Westfield Apartments2 Bed 1 Bath Bld 1&22BR,1BA$1.41
Broadway Garden Estates1 bedroom 1 bathroom1BR,1BA$1.19
Runestone Grand Apartments2 Bedroom2BR,1BA$1.07
Lakewood Apartments2 BD/1 BA2BR,1BA$1.29
Water Station Apartments1 bedroom1BR,1BA$1.08
McKay Apartments2 Bed/1 Bath2BR,1BA$1.38
Central LakesB.1 INCOME RESTRICTED1BR,1BA$1.25
Cascade ApartmentsOne Bedroom1BR,1BA$1.33
Westfield Apartments1 bedroom1BR,1BA$1.23

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Nelson, MN Rentals by Map

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Frequently Asked Questions about Cheap Nelson Apartments

What is the Cheapest Studio apartment in Nelson?

Currently the most affordable Cheap Studio Apartment in Nelson is at North Valley Apartments listed at $700.

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

The lowest price for a Cheap One Bedroom Nelson Apartment is $768 at Westfield Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Nelson is starting from $930 at Westfield Apartments.

What is the most affordable Nelson Three Bedroom Apartment?

The best deal on a cheap Nelson Three Bedroom Apartment rental is at Bridgewater Estates and starts from $1,540.

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

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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.

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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.

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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.

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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.