Cheap Homes for Rent in Odessa, MN from $400 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in Odessa.

property at 500 1st Ave S

$460

Total Monthly Price

Total Monthly Price

Base Rent
$460

Total Monthly Price
$460

1 Bedroom, 1 Bath Home for Rent

Available Now

500 1st Ave S

FairmountND58030
property at 262 2nd St SW

$490

Total Monthly Price

Total Monthly Price

Base Rent
$490

Total Monthly Price
$490

1 Bedroom, 1 Bath Home for Rent

Available Now

262 2nd St SW

FormanND58032
property at 511 Main Ave N

$580

Total Monthly Price

Total Monthly Price

Base Rent
$580

Total Monthly Price
$580

2 Bedroom, 1 Bath Home for Rent

Available Now

511 Main Ave N

HankinsonND58041

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 318 S 3rd St

$730

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$730

Total Monthly Price
$730

1 Bedroom, 1 Bath Townhome for Rent

Available Now

318 S 3rd St

MilanMN56262
property at 316 S 3rd St

$730

Total Monthly Price

Total Monthly Price

Base Rent
$730

Total Monthly Price
$730

1 Bedroom, 1 Bath Townhome for Rent

Available Now

316 S 3rd St

MilanMN56262
property at 626 4th St SE

$795

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

2 Bedroom, 1 Bath Home for Rent

Available Jun 15

626 4th St SE, Unit #1 - Lower

626 4th St SE
WillmarMN56201

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.

Odessa, MN Local Guide

Cheapest Available Odessa Apartments for Rent and Nearby

 

The cheapest available apartment rental in Odessa, MN is a 1 Bed unit found at Mary's Heights Apartments priced from $455. Beardsley Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Odessa apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mary's Heights Apartments1 Bed, 1 bath1BR,1BA$455
Beardsley ApartmentsOne Bedroom1BR,1BA$600
North Valley ApartmentsEfficiencyStudio,1BA$700

Best Value Apartments for Rent in Odessa, MN and Nearby

As of June 06, 2026 the best value apartment in the Odessa area is the $0.60 price per square foot 3 Beds, 2 baths Model at Mary's Heights Apartments in the starting from $800. The second greatest value Odessa apartment is the Ashford Model at Wilkeshire Apartments starting at $1,200 with a $1.19 price per square foot . Here is today’s list of the best values for Odessa apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mary's Heights Apartments3 Beds, 2 baths3BR,2BA$0.60
Wilkeshire ApartmentsAshford2BR,1BA$1.19
Beardsley ApartmentsOne Bedroom1BR,1BA$0.67
Runestone Grand Apartments2 Bedroom2BR,1BA$1.07
Cardinal Estates1 Bedroom 1 Bathroom1BR,1BA$1.05
Generations on 1st1BR/1.0BA1BR,1BA$1.46
Lamplighter ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.30
Block 100One Bedroom1BR,1BA$1.43
Westfield Apartments1 bedroom1BR,1BA$1.23
Wildwood Apartments2BR/1.0BA2BR,1BA$1.44

Don'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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Odessa

What type of rentals are currently available in Odessa?

There are currently 64 Apartments for Rent in Odessa, MN with pricing that ranges from $455 to $2,440. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Odessa ranging from $460 to $3,800.

What is the current price range for Rental Homes in Odessa?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Odessa ranges from $460 to $3,800 with an average monthly rent of $1,751.

How much are larger Three and Four Bedroom Rentals in Odessa?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Odessa range from $800 to $1,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,350.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.