
Cheap Apartments for Rent in New Ulm, MN from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in New Ulm.


Highland Hills Apartments

1212 Heckman Ct

Southwood Flats

Village Place 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.

Commerce Apartments

Red Skye Lofts

Le Sueur Apartments
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.

Valley View Apartments

Tiller+Main
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

97 9th St
New Ulm, MN Local Guide

How much does it cost to rent an apartment in New Ulm?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
New Ulm Studio Apartments | $852 | $750 | $1,100 |
New Ulm 1 Bedroom Apartments | $1,236 | $800 | $2,095 |
New Ulm 2 Bedroom Apartments | $1,415 | $900 | $2,050 |
New Ulm 3 Bedroom Apartments | $1,557 | $1,242 | $2,300 |
New Ulm 4 Bedroom Apartments | $1,784 | $1,600 | $1,880 |
Browse Top Apartments in New Ulm
See all Apartments in New UlmExplore New Ulm
New Ulm, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available New Ulm Apartments for Rent and Nearby
 The cheapest available apartment rental in New Ulm, MN is a Studio unit found at Highland Hills Apartments in the University neighborhood priced from $750. 1212 Heckman Ct has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable New Ulm apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Highland Hills Apartments | Studio | Studio,1BA | $750 |
1212 Heckman Ct | Studio | Studio,1BA | $750 |
Southwood Flats | 1 Bed, 1 Bath (original) | 1BR,1BA | $874 |
Red Skye Lofts | 1 Bedroom | 1BR,1BA | $890 |
Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
Best Value Apartments for Rent in New Ulm, MN and Nearby
As of September 14, 2025 the best value apartment in the New Ulm area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value New Ulm apartment is the Tax Credit Model at Cherry Ridge Apartments starting at $1,285 with a $0.93 price per square foot in the University neighborhood. Here is today’s list of the best values for New Ulm apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Fox Run Townhomes | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
Cherry Ridge Apartments | Tax Credit | 3BR,2BA | $0.93 |
Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
100 S Minnesota St, Unit 2 | 100 S Minnesota St | 2BR,1BA | $1.22 |
1212 Heckman Ct | Studio | Studio ,1BA | $0.83 |
Knollcrest | 2 bed | 2BR,1BA | $1.11 |
Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.29 |
Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
Southwood Flats | 1 Bed, 1 Bath (remodeled) | 1BR,1BA | $1.29 |
Bunting Lane Apartments | Two Bed | 2BR,1BA | $0.82 |
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.
Pet Friendly Lifestyle
Ranked #
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore New Ulm, MN Rentals by Map
See the most popular apartments and homes in New Ulm, MN
Getting Around New Ulm, MN
Walk Score®
37 / 100
Car-Dependent
Most errands require a car
Bike Score®
56 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
New Ulm, MN Area Reviews
regina • 1+ years in New Ulm
February 25, 2025its nice
Frequently Asked Questions about Cheap New Ulm Apartments
What is the Cheapest Studio apartment in New Ulm?
Currently the most affordable Cheap Studio Apartment in New Ulm is at Highland Hills Apartments listed at $750.
How much is rent for a Cheap One Bedroom New Ulm Apartment?
The lowest price for a Cheap One Bedroom New Ulm Apartment is $800 at 1212 Heckman Ct.
What is the lowest price for a Cheap Two Bedroom New Ulm Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in New Ulm is starting from $950 at Glenwood Terrace.
What is the most affordable New Ulm Three Bedroom Apartment?
The best deal on a cheap New Ulm Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,249.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.