
Cheap Homes for Rent in New Ulm, MN from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in New Ulm.


2011 Great Bend Blvd

112 5th St
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.

300 Jefferson Ave

255 6th Ave NE

525 S 5th St
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.

122 Lynn 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 | $1,412 | $950 | $1,800 |
New Ulm 3 Bedroom Homes for Rent | $1,895 | $850 | $2,600 |
New Ulm 4 Bedroom Homes for Rent | $2,023 | $1,795 | $2,180 |
New Ulm 5 Bedroom Homes for Rent | $1,645 | $1,645 | $1,645 |
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 |
Best Value Apartments for Rent in New Ulm, MN and Nearby
As of September 14, 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 Tax Credit Model at Cherry Ridge Apartments starting at $1,285 with a $0.93 price per square foot in the University 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 | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
Cherry Ridge Apartments | Tax Credit | 3BR,2BA | $0.93 |
Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.34 |
Southwood Flats | 2 Bed, 1 Bath (remodeled) | 2BR,1BA | $1.16 |
100 S Minnesota St, Unit 2 | 100 S Minnesota St | 2BR,1BA | $1.22 |
1212 Heckman Ct | Studio | Studio ,1BA | $0.83 |
Knollcrest | 2 bed | 2BR,1BA | $1.11 |
Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.29 |
Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
Bunting Lane Apartments | Two Bed | 2BR,1BA | $0.82 |
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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 82 Apartments for Rent in New Ulm, MN with pricing that ranges from $750 to $2,300. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in New Ulm ranging from $850 to $2,600.
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 $850 to $2,600 with an average monthly rent of $1,643.
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 $1,242 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,795 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 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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.