
Cheap Apartments for Rent in New Ulm, MN from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in New Ulm.


Bunting Lane Apartments

Highland Hills Apartments

Glenwood Terrace

College Station
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.

442 Belgrade Ave

Red Skye Lofts

Le Sueur Apartments

Village Court Apartments

St. James Apartments

The Grove at Mankato
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

River Bluff Apartments

Wolverine Meadows

Sleepy Eye Apartments Homes

Huntington Hills Apartments & Townhomes
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,073 | $925 | $1,315 |
New Ulm 1 Bedroom Apartments | $1,227 | $775 | $1,895 |
New Ulm 2 Bedroom Apartments | $1,442 | $682 | $3,725 |
New Ulm 3 Bedroom Apartments | $1,571 | $1,200 | $2,095 |
New Ulm 4 Bedroom Apartments | $1,707 | $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 2 Beds unit found at Bunting Lane Apartments in the University neighborhood priced from $682. Highland Hills Apartments in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable New Ulm apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Bunting Lane Apartments | Random Roommate Included! | 2BR,2BA | $682 |
Highland Hills Apartments | Elm Tree Court | 1BR,1BA | $775 |
442 Belgrade Ave | One Bedroom | 1BR,1BA | $875 |
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 June 11, 2025 the best value apartment in the New Ulm area is the $1.32 price per square foot 2BR/2.0BA Model at Bridge Plaza Apartments in the in the University neighborhood starting from $2,700. The second greatest value New Ulm apartment is the 3 Bedroom Model at Red Skye Lofts starting at $1,250 with a $1.00 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. |
---|---|---|---|
Bridge Plaza Apartments | 2BR/2.0BA | 2BR,2BA | $1.32 |
Red Skye Lofts | 3 Bedroom | 3BR,1BA | $1.00 |
Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.34 |
Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.25 |
Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.23 |
Traverse Green Apartments | 2x1.75 | 2BR,1BA | $1.35 |
Southwood Flats | 2 Bed, 1 Bath (remodeled) | 2BR,1BA | $1.31 |
The Edge Apartments | Two Bedroom | 2BR,1BA | $1.22 |
442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.13 |
St. James Apartments | One Bedroom | 1BR,1BA | $1.25 |
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 #
Pet Friendliness Lifestyle Score
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 Woodside Apartments listed at $1,045.
How much is rent for a Cheap One Bedroom New Ulm Apartment?
The lowest price for a Cheap One Bedroom New Ulm Apartment is $775 at Highland Hills Apartments.
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 $682 at Bunting Lane Apartments.
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 Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.