Cheap Homes for Rent in New Ulm, MN from $900 (15 Rentals)

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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.

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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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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.

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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 The Edge Apartments in the University neighborhood priced from $675. Highland Hills Apartments in the University neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $720. Here is today’s list of the most affordable New Ulm apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Edge ApartmentsTwo Bedroom2BR,1BA$675
Highland Hills ApartmentsStudioStudio,1BA$720
1212 Heckman CtStudioStudio,1BA$750
Commerce ApartmentsOne Bedroom1BR,1BA$875
Valley View ApartmentsOne Bedroom1BR,1BA$900

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

As of July 26, 2025 the best value apartment in the New Ulm area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) 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 3 Bedroom Model at Red Skye Lofts starting at $1,250 with a $0.91 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.
Fox Run Townhomes3 bed 2.5 bath (Exterior)3BR,2.5BA$1.19
Red Skye Lofts3 Bedroom3BR,1BA$0.91
Sleepy Eye Apartments Homes2 Bedroom 2 Bath2BR,2BA$1.26
The Edge ApartmentsTwo Bedroom2BR,1BA$0.69
1212 Heckman CtStudioStudio ,1BA$0.83
442 Belgrade AveTwo Bedroom2BR,1BA$1.13
Glenwood Terrace2 BR/ 1 BA2BR,1BA$1.14
Bunting Lane ApartmentsThree Bed3BR,1.5BA$0.63
Le Sueur Apartments2 Bedroom2BR,1BA$1.25
219 6th St SWOne Bedroom1BR,1BA$1.20

Quick Rent Budget Calculator

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New Ulm, MN Area Reviews

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regina • 1+ 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 77 Apartments for Rent in New Ulm, MN with pricing that ranges from $675 to $2,125. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Ulm ranging from $945 to $2,900.

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 $945 to $2,900 with an average monthly rent of $1,710.

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 $1,249 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,294 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,980 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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.