Cheap Homes for Rent in New Ulm, MN from $1,200 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes 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.

property at 960 N 3rd St

960 N 3rd St

St. PeterMN56082

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.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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
St. James ApartmentsOne Bedroom1BR,1BA$900
Village Court Apartments2 Bed, 1 Bath (original)2BR,1BA$949
Greenfield Estates I & IIOne Bedroom Apartment1BR,1BA$1,025
Woodside ApartmentsStudioStudio,1BA$1,045
River Bluff ApartmentsTwo Bedroom2BR,1BA$1,070

Best Value Apartments for Rent in New Ulm, MN and Nearby

As of June 10, 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
Welco West2 Bedroom2BR,1BA$1.21
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.

decorative image of people with a giant lease agreement

New Ulm, MN Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

regina1+ years in New Ulm

February 25, 2025

its nice

Frequently Asked Questions about New Ulm

What type of rentals are currently available in New Ulm?

There are currently 72 Apartments for Rent in New Ulm, MN with pricing that ranges from $682 to $3,725. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Ulm ranging from $1,200 to $3,000.

What is the current price range for Rental Homes in New Ulm?

Today's rental pricing for Homes for Rent, Condos and Townhomes in New Ulm ranges from $1,200 to $3,000 with an average monthly rent of $1,843.

How much are larger Three and Four Bedroom Rentals in New Ulm?

For those who are looking for larger living arrangements, Three Bedroom Apartments in New Ulm range from $1,200 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $1,900. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,600.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.