
Cheap Apartments for Rent in Perham, MN from $400 (64 Rentals)
Search the lowest-cost Apartments available for rent right now in Perham.


The Meadows Townhomes

JP Place

97 7th Ave S

902 1st St S

500 1st Ave S

Riverside Apartments

Spruce Place Apartments

Colonial Village Apartments

McKay Apartments
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.

Pelican Rapids Townhomes

McCarthy Apartments

Twenty08 Apartments

Parkview Housing

10th Avenue Apartments

Broadway Apartments

The Colony

Sunridge Apartments

Legacy Trail Apartments

Cascade Apartments
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.

River Bluff Apartments

Central Lakes

Pelican Heights Apartments

Total Monthly Price
Trailside Apartments

Lakewood Apartments

Somerset Apartments

Total Monthly Price
Pheasant Run

Meadows Edge Apartments

Stetson Village Apartments

Lincoln Apartments
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.

Water Station Apartments

Colonial Court

Silver Birch

Page House

Goldenwood

Silverleaf Apartments

KMA - Highland Terrace Apartments

Scandia Village I, II, and III

Marigold Apartments

Finlandia Apartments
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.

Village Green Apartments

Willow Square

Greenleaf Apartments

Aspen Green II

1605 7th St N

Pleasant View Manor

Heritage Manor

1504 & 1508 Jefferson St

Sebeka Housing

Park Rapids Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Perham, MN Local Guide

How much does it cost to rent an apartment in Perham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Perham Studio Apartments | $960 | $695 | $1,195 |
| Perham 1 Bedroom Apartments | $1,223 | $710 | $1,868 |
| Perham 2 Bedroom Apartments | $1,424 | $755 | $2,819 |
| Perham 3 Bedroom Apartments | $1,426 | $885 | $1,795 |
| Perham 4 Bedroom Apartments | $1,538 | $1,270 | $1,850 |
Browse Top Apartments in Perham
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Perham, MN Local Guide
- Nearby Cities
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Cheapest Available Perham Apartments for Rent and Nearby
 The cheapest available apartment rental in Perham, MN is a Studio unit found at Riverside Apartments priced from $695. Pelican Rapids Townhomes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $785. Here is today’s list of the most affordable Perham apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverside Apartments | 911 studios | Studio,1BA | $695 |
| Pelican Rapids Townhomes | 2 Bedroom | 2BR,1BA | $785 |
| Twenty08 Apartments | A.1 TIF | Studio,1BA | $820 |
| 10th Avenue Apartments | 1873 - Studio/1BA | Studio,1BA | $850 |
| Cascade Apartments | One Bedroom | 1BR,1BA | $898 |
| Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR,1BA | $900 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $900 |
| Central Lakes | B.2 (Handicap accessible) | 1BR,1BA | $925 |
| Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR,1BA | $940 |
| Lakewood Apartments | 1 BD/1 BA | 1BR,1BA | $945 |
Best Value Apartments for Rent in Perham, MN and Nearby
As of June 12, 2026 the best value apartment in the Perham area is the $0.56 price per square foot 3 Bedroom Model at Pelican Rapids Townhomes in the starting from $885. The second greatest value Perham apartment is the Mason Model at JP Place starting at $1,525 with a $1.31 price per square foot . Here is today’s list of the best values for Perham apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pelican Rapids Townhomes | 3 Bedroom | 3BR,1BA | $0.56 |
| JP Place | Mason | 3BR,2BA | $1.31 |
| Campus View Historic Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.19 |
| Central Lakes | C.1 | 2BR,1BA | $1.42 |
| Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR,1BA | $1.01 |
| Sunridge Apartments | 2 Bed, 1 Bath | 2BR,1BA | $1.30 |
| Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR,1BA | $1.11 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.25 |
| Cascade Apartments | One Bedroom | 1BR,1BA | $1.33 |
| Lakewood Apartments | 1 BD/1 BA | 1BR,1BA | $1.45 |
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 ArticleReal 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.
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.
Best Local Schools in Perham, MN
Heart of the Lake Elementary
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Perham, MN Rentals by Map
See the most popular apartments and homes in Perham, MN
Frequently Asked Questions about Cheap Perham Apartments
What is the Cheapest Studio apartment in Perham?
Currently the most affordable Cheap Studio Apartment in Perham is at Riverside Apartments listed at $695.
How much is rent for a Cheap One Bedroom Perham Apartment?
The lowest price for a Cheap One Bedroom Perham Apartment is $898 at Cascade Apartments.
What is the lowest price for a Cheap Two Bedroom Perham Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Perham is starting from $785 at Pelican Rapids Townhomes.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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.

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.

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.