Cheap Homes for Rent in Nelson, MN from $700 (11 Rentals)

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

property at 213 W Vernon Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Condo for Rent

Available Now

213 W Vernon Ave

Fergus FallsMN56537
property at 710 18th St S

$1,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Jun 1

710 18th St S

BensonMN56215
property at 21939 Hillcrest Dr

$1,135

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,135

Total Monthly Price
$1,135

1 Bedroom, 1 Bath Home for Rent

Available May 8

21939 Hillcrest Dr

NisswaMN56468
property at 526 W Bancroft Ave

$1,150

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

3 Bedroom, 1.5 Bath Home for Rent

Available Jun 15

526 W Bancroft Ave

Fergus FallsMN56537
property at 510 6th St SE

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

3 Bedroom, 2 Bath Home for Rent

Available May 15

510 6th St SE

StaplesMN56479

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.

property at 221 E James St

$1,195

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Jun 1

221 E James St

PaynesvilleMN56362
property at 708 18th St S

$1,200 - $1,700

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200 - $1,700

Total Monthly Price
$1,200 - $1,700

2 To 3 Bedroom Homes for Rent

Available Jun 1

708 18th St S

BensonMN56215
property at 911 2nd Ave NE

$1,235

Total Monthly Price

Total Monthly Price

Base Rent
$1,235

Total Monthly Price
$1,235

3 Bedroom, 1 Bath Home for Rent

Available Now

911 2nd Ave NE

StaplesMN56479
property at 725 W Cavour Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Jun 7

725 W Cavour Ave

Fergus FallsMN56537
property at 509 E Vernon Ave

$1,290

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,290

Total Monthly Price
$1,290

3 Bedroom, 2 Bath Home for Rent

Available Jun 1

509 E Vernon Ave

Fergus FallsMN56537

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.

property at 490 3rd St S

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 2 Bath Townhome for Rent

Available Now

490 3rd St S

Waite ParkMN56387

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. Oak Ridge Manor Senior 62+ Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $747. Here is today’s list of the most affordable Nelson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North Valley ApartmentsEfficiencyStudio,1BA$700
Oak Ridge Manor Senior 62+ ApartmentsOne Bedroom1BR,1BA$747
Westfield Apartments1 bedroom1BR,1BA$765
Twenty08 ApartmentsA.1 TIFStudio,1BA$820
Cardinal Estates1 Bedroom 1 Bathroom1BR,1BA$840

Best Value Apartments for Rent in Nelson, MN and Nearby

As of May 07, 2026 the best value apartment in the Nelson area is the $1.35 price per square foot C.3 Model at Central Lakes in the starting from $1,493. The second greatest value Nelson apartment is the 2 Bedroom 2 Bathroom Model at East Point Village Apartments starting at $1,255 with a $1.35 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.
Central LakesC.32BR,2BA$1.35
East Point Village Apartments2 Bedroom 2 Bathroom2BR,2BA$1.35
Runestone Grand Apartments2 Bedroom2BR,1BA$1.07
East Side Stories Apartments2 bed2BR,1BA$1.17
Cardinal Estates1 Bedroom 1 Bathroom1BR,1BA$1.05
Oak Ridge Manor Senior 62+ ApartmentsOne Bedroom1BR,1BA$1.00
Lamplighter ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.30
Suncrest Apartments1 bedroom1BR,1BA$1.29
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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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.

Read Article
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Quick 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.

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

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Frequently Asked Questions about Nelson

What type of rentals are currently available in Nelson?

There are currently 61 Apartments for Rent in Nelson, MN with pricing that ranges from $747 to $2,819. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nelson ranging from $750 to $4,000.

What is the current price range for Rental Homes in Nelson?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Nelson ranges from $750 to $4,000 with an average monthly rent of $1,627.

How much are larger Three and Four Bedroom Rentals in Nelson?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Nelson range from $1,090 to $1,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $2,095.

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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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.