Cheap Homes for Rent in Olmsted County, MN from $700 (25 Rentals)

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

property at 1223 2nd St NE

$700 - $800

Total Monthly Price4 Month Lease Term

Total Monthly Price

Base Rent
$700 - $800

Total Monthly Price
$700 - $800

1 Bedroom, 1 Bath Home for Rent

Available Now

1223 2nd St NE

RochesterMN55906
property at 362 Elton Hills Dr NW

$1,125

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,125

Total Monthly Price
$1,125

1 Bedroom, 1 Bath Condo for Rent

Available Apr 1

362 Elton Hills Dr NW, Unit 27

362 Elton Hills Dr NW
RochesterMN55901
property at 2120 Valleyhigh Dr NW

$1,195

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

2120 Valleyhigh Dr NW, Unit C202

2120 Valleyhigh Dr NW
RochesterMN55901

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.

property at 3619 10th Ln NW

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Apr 1

3619 10th Ln NW, Unit 4

3619 10th Ln NW
RochesterMN55901
property at 4503 14th Ave NW

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1.5 Bath Townhome for Rent

Available Apr 1

4503 14th Ave NW

RochesterMN55901
property at 871 37th Ave NW

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Apr 17

871 37th Ave NW

RochesterMN55901
property at 2011 Viking Dr NW

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Home for Rent

Available Now

2011 Viking Dr NW

RochesterMN55901
property at 1302 12th Ave NW

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

3 Bedroom, 1 Bath Home for Rent

Available Apr 1

1302 12th Ave NW

RochesterMN55901

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.

property at 6450 37th Ave NW

$1,370

Total Monthly Price

Total Monthly Price

Base Rent
$1,370

Total Monthly Price
$1,370

Studio, 1 Bath Home for Rent

Available Now

6450 37th Ave NW

RochesterMN55901
property at 2220 Valleyhigh Dr NW

$1,395

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

2 Bedroom, 1.5 Bath Condo for Rent

Available Apr 1

2220 Valleyhigh Dr NW, Unit E101

2220 Valleyhigh Dr NW
RochesterMN55901
property at 4302 22nd Ave NW

$1,395

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

2 Bedroom, 1.5 Bath Townhome for Rent

Available Apr 6

4302 22nd Ave NW

RochesterMN55901
property at 725 7th St NW

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

725 7th St NW

RochesterMN55901

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.

property at 524 10th St SE

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475

Total Monthly Price
$1,475

2 Bedroom, 1 Bath Home for Rent

Available Now

524 10th St SE

RochesterMN55904
property at 1229 7th Ave SE

$1,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 2 Bath Home for Rent

Available Now

1229 7th Ave SE

RochesterMN55904
property at 1006 3rd Ave SE

$1,545

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,545

Total Monthly Price
$1,545

3 Bedroom, 2 Bath Home for Rent

Available Now

1006 3rd Ave SE

RochesterMN55904
property at 917 3rd St NE

$1,550

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

1 Bedroom, 1 Bath Home for Rent

Available Now

917 3rd St NE

RochesterMN55906

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.

property at 936 3rd Ave SE

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

3 Bedroom, 1 Bath Home for Rent

Available Now

936 3rd Ave SE

RochesterMN55904

Cheapest Available Olmsted County Apartments for Rent

 

The cheapest available apartment rental in Olmsted County, MN is a 2 Beds unit found at Meadow Park Apartments in the Meadow Park neighborhood priced from $895. Hillside Apartments in the Meadow Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Olmsted County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadow Park ApartmentsClassic Two Bedrooom2BR,1BA$895
Hillside ApartmentsStudioStudio,1BA$900
1017 21st St SE2 beds 1 bath2BR,1BA$950
The Gates of RochesterCarlyle1BR,1BA$989
Essex PlaceOne Bedroom - Finch1BR,1BA$1,045

Best Value Apartments for Rent in Olmsted County, MN

As of March 20, 2026 the best value apartment in the Olmsted County area is the $1.22 price per square foot 2 Bedroom Model at Stone Haven Townhomes in the starting from $2,080. The second greatest value Olmsted County apartment is the 3 BD/2.5 BA Townhome Model at The Brittany's Apartments and Townhomes starting at $1,950 with a $1.17 price per square foot in the Kutzky Park neighborhood. Here is today’s list of the best values for Olmsted County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Stone Haven Townhomes2 Bedroom2BR,2.5BA$1.22
The Brittany's Apartments and Townhomes3 BD/2.5 BA Townhome3BR,2.5BA$1.17
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
Georgetowne Homes3 Bedroom3BR,2BA$1.10
Winchester Apartments & TownhomesPemberton3BR,1.5BA$1.20
Olympik Village ApartmentsApollo3BR,2BA$1.13
1910 Valleyhigh Dr NW, Unit 19101910 Valleyhigh Dr NW2BR,1BA$1.25
2216 18 1/2 Ave NW, Unit 12216 18 1/2 Ave NW2BR,1BA$1.03
2210 18 1/2 Ave NW, Unit 42210 18 1/2 Ave NW2BR,1BA$1.06
Heritage Manor ApartmentsSunflower2BR,1BA$1.26

Frequently Asked Questions about Olmsted County

What type of rentals are currently available in Olmsted County?

There are currently 306 Apartments for Rent in Olmsted County, MN with pricing that ranges from $800 to $11,779. There are also 94 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olmsted County ranging from $700 to $5,500.

What is the current price range for Rental Homes in Olmsted County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Olmsted County ranges from $700 to $5,500 with an average monthly rent of $2,144.

How much are larger Three and Four Bedroom Rentals in Olmsted County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Olmsted County range from $1,050 to $5,588, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,675. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $3,773.

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

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Written by: Christine Leonard, Esq.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.