
Cheap Apartments for Rent in New Ulm, MN from $300 (70 Rentals)
Search the lowest-cost Apartments available for rent right now in New Ulm.


Highland Apartments

522 6th St Apartments

305 S Broadway St

Garden Terrace Apartments

512 Vernon Ave

1212 Heckman Ct

Total Monthly Price
Highland Hills Apartments

Downtown Estates

442 Belgrade Ave
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.

Hartshorn Manor

Total Monthly Price
Red Skye Lofts

Fairview Apartments

Glenwood Terrace

Le Sueur Apartments

Tiller+Main

Village Place Apartments of Mankato

Valley View Apartments

Village Court Apartments

Cherry Ridge 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

Rock Ridge Apartments

Wolverine Meadows

Sleepy Eye Apartments Homes

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Hoover Estates

Total Monthly Price
Woodside Apartments

Greenfield Estates I & II

Cherry Square

Total Monthly Price
The Edge Apartments

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River Bluff Apartments
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.

Skyway Properties LLC

Southwood Flats

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Augusta Park Estates

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The Alma

Vista View Townhomes

Huntington Hills Apartments & Townhomes

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RoK Lofts

Traverse Green

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Legacy Park Estates

Dublin Road Townhomes
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.

The Forde

Village Place Flats

Welco West

520 6th St

Capital Lofts

Cedar Meadow Apartments

Riverfront Court

Sunrise Manor

Fairview Apartments

Lewis Lofts
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.
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 | $942 | $750 | $1,315 |
| New Ulm 1 Bedroom Apartments | $1,289 | $595 | $2,120 |
| New Ulm 2 Bedroom Apartments | $1,508 | $695 | $2,370 |
| New Ulm 3 Bedroom Apartments | $1,774 | $1,155 | $2,794 |
| New Ulm 4 Bedroom Apartments | $1,880 | $1,780 | $1,980 |
Browse Top Apartments in New Ulm
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New Ulm, MN Local Guide
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Cheapest Available New Ulm Apartments for Rent and Nearby
 The cheapest available apartment rental in New Ulm, MN is a 1 Bed unit found at 512 Vernon Ave priced from $595. 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 |
|---|---|---|---|
| 512 Vernon Ave | One Bedroom | 1BR,1BA | $595 |
| 1212 Heckman Ct | Studio | Studio,1BA | $750 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $795 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Hartshorn Manor | 1 Bed, 1 bath | 1BR,1BA | $840 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Red Skye Lofts | 1 Bedroom | 1BR,1BA | $860 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $900 |
Best Value Apartments for Rent in New Ulm, MN and Nearby
As of June 14, 2026 the best value apartment in the New Ulm area is the $1.13 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $1,995. The second greatest value New Ulm apartment is the 3 Bedroom Townhouse Model at Vista View Townhomes starting at $1,297 with a $1.08 price per square foot . 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 | Fox Run Townhomes | 2BR,2.5BA | $1.13 |
| Vista View Townhomes | 3 Bedroom Townhouse | 3BR,1.5BA | $1.08 |
| Rock Ridge Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.14 |
| 1212 Heckman Ct | Studio | Studio ,1BA | $0.83 |
| Red Skye Lofts | 2 Bedroom | 2BR,1BA | $1.12 |
| 512 Vernon Ave | Two Bedroom | 2BR,1BA | $0.87 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $1.04 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $0.99 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Hartshorn Manor | 1 Bed, 1 bath | 1BR,1BA | $1.12 |
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 New Ulm, MN Rentals by Map
See the most popular apartments and homes in New Ulm, MN
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 1212 Heckman Ct 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 $595 at 512 Vernon Ave.
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 $695 at 512 Vernon Ave.
What is the most affordable New Ulm Three Bedroom Apartment?
The best deal on a cheap New Ulm Three Bedroom Apartment rental is at Vista View Townhomes and starts from $1,297.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.