
Cheap Homes for Rent in New Ulm, MN from $600 (18 Rentals)
Search the lowest-cost Homes available for rent right now in New Ulm.


633 S 2nd St

108 3rd St W

114 Lynn Ln

418 Allan Ave

47 Wood Dr
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.

123 Jaybee Ln

109 Maple Dr

121 Lynn Ln

152 Lynn Ln

121 Maple Dr

21 Wood Dr
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.

141 Lynn Ln

203 Karu Dr

103 Maple Dr

156 Lynn Ln

121 Jaybee Ln

1333 1st Ave
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.
New Ulm, MN Local Guide

How much does it cost to rent a home in New Ulm?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| New Ulm 2 Bedroom Homes for Rent | $1,432 | $925 | $2,495 |
| New Ulm 3 Bedroom Homes for Rent | $1,770 | $1,200 | $2,785 |
| New Ulm 4 Bedroom Homes for Rent | $1,900 | $1,300 | $2,300 |
| New Ulm 5 Bedroom Homes for Rent | $2,796 | $2,595 | $3,050 |
Browse Top Homes for Rent 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 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 |
| Red Skye Lofts | 1 Bedroom | 1BR,1BA | $890 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
Best Value Apartments for Rent in New Ulm, MN and Nearby
As of November 02, 2025 the best value apartment in the New Ulm area is the $1.19 price per square foot Fox Run Townhomes 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 Three Bedroom Model at 442 Belgrade Ave starting at $1,500 with a $0.94 price per square foot in the City Center Mankato 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 | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| 442 Belgrade Ave | Three Bedroom | 3BR,2BA | $0.94 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.14 |
| Vista View Townhomes | 3 Bedroom Townhouse | 3BR,1.5BA | $1.03 |
| 1212 Heckman Ct | Studio | Studio ,1BA | $0.83 |
| Knollcrest | 2 bed | 2BR,1BA | $1.11 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.27 |
| Bunting Lane Apartments | Two Bed | 2BR,1BA | $0.82 |
| St. James Apartments | One Bedroom | 1BR,1BA | $1.25 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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New Ulm, MN Area Reviews
regina • 1+ years in New Ulm
February 25, 2025its nice
Frequently Asked Questions about New Ulm
What type of rentals are currently available in New Ulm?
There are currently 81 Apartments for Rent in New Ulm, MN with pricing that ranges from $750 to $2,830. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Ulm ranging from $695 to $3,050.
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 $695 to $3,050 with an average monthly rent of $1,766.
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 $2,830, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,785. Four Bedroom Single-Family rentals are also available starting from $1,300 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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.