
Cheap Homes for Rent in New Ulm, MN from $1,200 (28 Rentals)
Search the lowest-cost Homes available for rent right now in New Ulm.


121 Laurinda Ln

122 Lynn Ln

123 Lynn Ln

111 Maple Dr

122 Terri Ln
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.

144 Lynn Ln

112 Terri Ln

102 Terri Ln

55 Wood Dr

121 Jaybee Ln
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.

527 E Hickory St

960 N 3rd St

403 Elm Dr

304 Oak Ln

1759 Colette Dr

810-824 Ronell St

109 Jaybee Ln

114 Laurinda Ln

128 Terri Ln
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.

207 Janjo Dr

210 Karu Dr

206 Janjo Dr

204 Karu Dr

210 S 4th St

1755 Colette Dr

1128 Highland Ave
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.

109 Laurinda Ln
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 | $1,424 | $1,200 | $1,800 |
New Ulm 3 Bedroom Homes for Rent | $1,461 | $1,275 | $1,900 |
New Ulm 4 Bedroom Homes for Rent | $2,219 | $1,500 | $3,000 |
New Ulm 5 Bedroom Homes for Rent | $2,197 | $2,100 | $2,295 |
New Ulm 6 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Browse Top Homes for Rent in New Ulm
Explore New Ulm
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 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 |
St. James Apartments | One Bedroom | 1BR,1BA | $900 |
Village Court Apartments | 2 Bed, 1 Bath (original) | 2BR,1BA | $949 |
Greenfield Estates I & II | One Bedroom Apartment | 1BR,1BA | $1,025 |
Woodside Apartments | Studio | Studio,1BA | $1,045 |
River Bluff Apartments | Two Bedroom | 2BR,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 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 |
Welco West | 2 Bedroom | 2BR,1BA | $1.21 |
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.
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 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.

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.