Cheap Homes for Rent in Olmsted County, MN from $700 (17 Rentals)

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

property at 1223 2nd St NE

$750

Total Monthly Price4 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

1223 2nd St NE, Unit Room A

1223 2nd St NE
RochesterMN55906
property at 4733 14th Ave NW

$895

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Condo for Rent

Available Now

4733 14th Ave NW, Unit 4

4733 14th Ave 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 2604 4th Ave NE

$945

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$945

Total Monthly Price
$945

2 Bedroom, 1 Bath Condo for Rent

Available Now

2604 4th Ave NE, Unit 5

2604 4th Ave NE
RochesterMN55906
property at 111 8th Ave SE

$1,085

Total Monthly Price

Total Monthly Price

Base Rent
$1,085

Total Monthly Price
$1,085

2 Bedroom, 1 Bath Townhome for Rent

Available Now

111 8th Ave SE

RochesterMN55904

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 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 Feb 1

2011 Viking Dr NW

RochesterMN55901
property at 2705 55th St NW

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1.5 Bath Home for Rent

Available Now

2705 55th 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 6450 37th Ave NW

$1,370

Plus Fees

Studio, 1 Bath Home for Rent

Available Now

6450 37th Ave NW

RochesterMN55901
property at 3422 19th Ave 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

3422 19th Ave NW

RochesterMN55901

Cheapest Available Olmsted County Apartments for Rent

 

The cheapest available apartment rental in Olmsted County, MN is a Studio unit found at The Graham in the Meadow Park neighborhood priced from $775. The Beacon 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
The GrahamStudio w/ Utilities & Wifi IncludedStudio,1BA$775
The BeaconStudioStudio,1BA$900
Hillside ApartmentsStudioStudio,1BA$900
2nd St Flats1BR/1.0BA1BR,1BA$950
1017 21st St SE2 beds 1 bath2BR,1BA$950

Best Value Apartments for Rent in Olmsted County, MN

As of January 11, 2026 the best value apartment in the Olmsted County area is the $1.17 price per square foot 3 BD/2.5 BA Townhome Model at The Brittany's Apartments and Townhomes in the in the Kutzky Park neighborhood starting from $1,950. The second greatest value Olmsted County apartment is the 2BR Model at Broadway Plaza - Mayo Clinic starting at $1,700 with a $1.07 price per square foot in the Meadow 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.
The Brittany's Apartments and Townhomes3 BD/2.5 BA Townhome3BR,2.5BA$1.17
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
Crystal Bay TownhomesExcelsior3BR,2BA$1.23
Georgetowne Homes3 Bedroom3BR,2BA$1.10
1225 8th Ave NW, Unit 11225 8th Ave NW3BR,1BA$1.17
Dakota TownhomesThree Bedroom3BR,1.5BA$1.22
Green Arbor Commons2 Beds, 1 bath2BR,1BA$1.05
1309 3rd Ave SW, Unit 41309 3rd Ave SW2BR,1BA$1.11
2216 18 1/2 Ave NW, Unit 12216 18 1/2 Ave NW2BR,1BA$1.19
1143 1st St NW, Unit 2061143 1st St NW1BR,1BA$1.18

Frequently Asked Questions about Olmsted County

What type of rentals are currently available in Olmsted County?

There are currently 299 Apartments for Rent in Olmsted County, MN with pricing that ranges from $775 to $4,250. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olmsted County ranging from $750 to $4,000.

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 $750 to $4,000 with an average monthly rent of $1,825.

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 $1,150 to $3,770, 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 $2,227.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!