
Cheap Apartments for Rent in Olivia, MN from $400 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Olivia.


701 N 7th St

808 N 8th St

RC Square Apartments

Downtown Estates

Howard Lake Apartments

45 N High Dr NW
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.

Westfield Apartments

The Nexus

Nyberg Apartments 55+

131 W 11th St

907 Dale St Apartments

Red Skye Lofts
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.

703 W Main St

308 S 3rd St

316 S 3rd St
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.

311 5th St S
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.
Olivia, MN Local Guide

How much does it cost to rent an apartment in Olivia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olivia Studio Apartments | $978 | $795 | $1,065 |
| Olivia 1 Bedroom Apartments | $1,077 | $525 | $1,500 |
| Olivia 2 Bedroom Apartments | $1,371 | $625 | $1,890 |
| Olivia 3 Bedroom Apartments | $1,646 | $1,150 | $2,300 |
| Olivia 4 Bedroom Apartments | $1,350 | $1,350 | $1,350 |
Browse Top Apartments in Olivia
See all Apartments in OliviaExplore Olivia
Olivia, MN Local Guide
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Olivia Apartments for Rent and Nearby
 The cheapest available apartment rental in Olivia, MN is a 1 Bed unit found at Downtown Estates priced from $525. RC Square Apartments in the Downtown Marshall neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $625. Here is today’s list of the most affordable Olivia apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $525 |
| RC Square Apartments | 2 Bedroom | 2BR,1BA | $625 |
| Howard Lake Apartments | 1 Bed Subsidized units | 1BR,1BA | $675 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $765 |
| Bethel On Bryant | Renville - 2/1 | 2BR,1BA | $795 |
| The Nexus | 233 - Studio A/1 BA | Studio,1BA | $795 |
| 907 Dale St Apartments | 1 Bedroom | 1BR,1BA | $800 |
| Red Skye Lofts | 1 Bedroom | 1BR,1BA | $800 |
| The Rock Apartments | GF: 2 Bed 1 Bath- Premium | 2BR,1BA | $895 |
| Nyberg Apartments 55+ | 2 Bed | 2BR,1BA | $900 |
Best Value Apartments for Rent in Olivia, MN and Nearby
As of December 12, 2025 the best value apartment in the Olivia area is the $1.20 price per square foot Three Bedroom A - By The Lake Model at Somerset Properties in the starting from $1,350. The second greatest value Olivia apartment is the 2BR/1 Bath Model at Valleyside Townhomes starting at $955 with a $0.99 price per square foot . Here is today’s list of the best values for Olivia apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Somerset Properties | Three Bedroom A - By The Lake | 3BR,2BA | $1.20 |
| Valleyside Townhomes | 2BR/1 Bath | 2BR,1BA | $0.99 |
| 131 W 11th St | 2 Bedroom 2 Bath | 2BR,2BA | $1.00 |
| Nyberg Apartments 55+ | 2 Bed | 2BR,1BA | $1.00 |
| RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
| Bethel On Bryant | Renville - 2/1 | 2BR,1BA | $0.92 |
| Mansard Apartments | Two Bedroom and 1 Bath | 2BR,1BA | $1.06 |
| The Rock Apartments | GF: 2 Bed 1 Bath- Premium | 2BR,1BA | $1.07 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $0.66 |
| Westfield Apartments | 1 bedroom | 1BR,1BA | $1.23 |
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.
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
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Olivia, MN Rentals by Map
See the most popular apartments and homes in Olivia, MN
Getting Around Olivia, MN
Walk Score®
27 / 100
Car-Dependent
Most errands require a car
Bike Score®
35 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Olivia Apartments
What is the Cheapest Studio apartment in Olivia?
Currently the most affordable Cheap Studio Apartment in Olivia is at The Nexus listed at $795.
How much is rent for a Cheap One Bedroom Olivia Apartment?
The lowest price for a Cheap One Bedroom Olivia Apartment is $525 at Downtown Estates.
What is the lowest price for a Cheap Two Bedroom Olivia Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Olivia is starting from $625 at RC Square Apartments.
What is the most affordable Olivia Three Bedroom Apartment?
The best deal on a cheap Olivia Three Bedroom Apartment rental is at The Rock Apartments and starts from $945.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.


















