
Cheap Apartments for Rent near Nelson, MN from $400 (73 Rentals)
Search the lowest-cost Apartments available for rent right now in Nelson.


Westfield Apartments

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Nature's Edge Apartments

McKay Apartments

Twenty08 Apartments

10th Avenue Apartments

Cascade Apartments

Suncrest Apartments

Runestone Grand Apartments

Total Monthly Price
Trailside Apartments - 55+ Community
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.

Total Monthly Price
Parkview Apartments

Lakewood Apartments

Total Monthly Price
Pheasant Run

Granite Manor/Runestone

Lincoln Apartments

Water Station Apartments

East Side Stories Apartments

Hillside Apartments

Colonial Court

Central Lakes
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.

100 7th St NE

East Point Village Apartments

710 18th St S

Westfield Apartments

Broadway Garden Estates

Park and 3rd Lofts

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Mainstreeter Apartment Homes

Total Monthly Price
Wobegon Crossings

The Flats on 14th

708 18th St S
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.

42057 County Road 1, Unit Lower Level Suite

South Point Apartments

Bridgewater Estates

The Legacy of Alexandria

2nd Ave Apartments

Glen Terrace Townhomes

Riverside Flats of Melrose

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Avon Estates

Community Park Apartment Homes

The Landmark of Alexandria
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.

The Lincoln Apartments

Lakewood Terrace-3707

Hatchery Row

Osakis Community Manor

KMA - Highland Terrace Apartments

806 W 5th St

Heritage Apartments- Morris

Carolina Village

Finlandia Apartments

Village Green Apartments
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.
Nelson, MN Local Guide

How much does it cost to rent an apartment in Nelson?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Nelson Studio Apartments | $1,140 | $775 | $1,295 |
| Nelson 1 Bedroom Apartments | $1,317 | $765 | $1,915 |
| Nelson 2 Bedroom Apartments | $1,628 | $900 | $2,819 |
| Nelson 3 Bedroom Apartments | $1,683 | $1,090 | $1,995 |
| Nelson 4 Bedroom Apartments | $2,045 | $1,795 | $2,095 |
Browse Top Apartments in Nelson
See all Apartments in NelsonExplore Nelson
Nelson, MN Local Guide
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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 $765. Here is today’s list of the most affordable Nelson apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| North Valley Apartments | Efficiency | Studio,1BA | $700 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $765 |
| Twenty08 Apartments | A.1 TIF | Studio,1BA | $820 |
| 10th Avenue Apartments | 1873 - Studio/1BA | Studio,1BA | $850 |
| Cascade Apartments | One Bedroom | 1BR,1BA | $898 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $900 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $900 |
| Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $935 |
| Trailside Apartments - 55+ Community | ? COWDREY STUDIO | Studio,1BA | $938 |
| Lakewood Apartments | 1 BD/1 BA | 1BR,1BA | $945 |
Best Value Apartments for Rent in Nelson, MN and Nearby
As of July 21, 2026 the best value apartment in the Nelson area is the $1.47 price per square foot 3B 2B B Model at Avon Estates in the starting from $1,729. The second greatest value Nelson apartment is the 2 Bedrooms, 2 full, 1141 sqft, 3709 South Broad... Model at Lakewood Terrace-3707 starting at $1,485 with a $1.30 price per square foot . Here is today’s list of the best values for Nelson apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Avon Estates | 3B 2B B | 3BR,2BA | $1.47 |
| Lakewood Terrace-3707 | 2 Bedrooms, 2 full, 1141 sqft, 3709 South Broad... | 2BR,2BA | $1.30 |
| South Point Apartments | 2 bedroom 2 bathroom | 2BR,2BA | $1.32 |
| Water Station Apartments | 2 Bed/2 Bath | 2BR,2BA | $0.96 |
| Runestone Grand Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.25 |
| Suncrest Apartments | 1 bedroom | 1BR,1BA | $1.29 |
| Cascade Apartments | One Bedroom | 1BR,1BA | $1.33 |
| Lakewood Apartments | 1 BD/1 BA | 1BR,1BA | $1.45 |
| Westfield Apartments | 1 bedroom | 1BR,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.
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 Nelson, MN Rentals by Map
See the most popular apartments and homes in Nelson, MN
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 $765 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 $900 at McKay 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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.

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.