Cheap Apartments for Rent in New Ulm, MN from $500 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in New Ulm.

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 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.

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200 10th Ave SE
1 to 2 Bedroom Apartments

200 10th Ave SE

200 10th Ave SEFairfax, MN 55332
  • Utilities Included
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11 Park St N
1 Bedroom Apartments

11 Park St N

11 Park St NFairfax, MN 55332
  • Utilities Included
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Autumn Glen Townhomes
1 Bedroom Apartments

Autumn Glen Townhomes

502-510 W 8th StWinthrop, MN 55396
  • Utilities Included

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.

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36 Jefferson Ave E
1 to 2 Bedroom Apartments

36 Jefferson Ave E

36 Jefferson Ave EGaylord, MN 55334
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501 4th St
2 to 3 Bedroom Apartments

501 4th St

501 4th StCourtland, MN 56021
  • Utilities Included

New Ulm, MN Local Guide

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 ListingModel NameBed/BathPriced From
Bunting Lane ApartmentsRandom Roommate Included!2BR,2BA$682
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
442 Belgrade AveOne Bedroom1BR,1BA$875
Red Skye Lofts1 Bedroom1BR,1BA$890
Le Sueur Apartments1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Bridge Plaza Apartments2BR/2.0BA2BR,2BA$1.32
Red Skye Lofts3 Bedroom3BR,1BA$1.00
Fox Meadows TownhomesThree Bed - Market3BR,1.5BA$1.34
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.25
Augusta Commons3 Bedroom 2 Bath3BR,2BA$1.23
Traverse Green Apartments2x1.752BR,1BA$1.35
Southwood Flats2 Bed, 1 Bath (remodeled)2BR,1BA$1.31
The Edge ApartmentsTwo Bedroom2BR,1BA$1.22
442 Belgrade AveTwo Bedroom2BR,1BA$1.13
St. James ApartmentsOne Bedroom1BR,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.

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Pet Friendly Lifestyle

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Pet Friendliness Lifestyle Score

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

Explore New Ulm, MN Rentals by Map

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Getting Around New Ulm, MN

Walk Score®

37 / 100

Car-Dependent

Most errands require a car

Bike Score®

56 / 100

Bikeable

Some bike infrastructure

New Ulm, MN Area Reviews

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regina1+ years in New Ulm

February 25, 2025

its 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.

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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.

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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.

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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.

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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.