
Cheap Homes for Rent near Perham, MN from $400 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Perham.


902 1st St S

500 1st Ave S

1612 8th St N

1606 8th St N

113 1/2 3rd St W, Unit 5
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.

1315 34th St Cir S

1652 8th St N

608 Pleasant Ave S

1628 Patterson Loop

17 3rd Ave NE

228 Aspen Ave S
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.
Perham, MN Local Guide

How much does it cost to rent a home in Perham?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Perham 2 Bedroom Homes for Rent | $930 | $400 | $1,250 |
| Perham 3 Bedroom Homes for Rent | $1,667 | $975 | $2,275 |
| Perham 4 Bedroom Homes for Rent | $2,311 | $1,995 | $2,550 |
| Perham 5 Bedroom Homes for Rent | $2,175 | $1,850 | $2,500 |
Browse Top Homes for Rent in Perham
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Perham, MN Local Guide
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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. Twenty08 Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $820. 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 |
| Twenty08 Apartments | A.1 TIF | Studio,1BA | $820 |
| 10th Avenue Apartments | 1873 - Studio/1BA | Studio,1BA | $850 |
| Cascade Apartments | One Bedroom | 1BR,1BA | $898 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $900 |
Best Value Apartments for Rent in Perham, MN and Nearby
As of July 12, 2026 the best value apartment in the Perham area is the $0.81 price per square foot 3 Bedroom Model at Pelican Rapids Townhomes in the starting from $1,280. The second greatest value Perham apartment is the 4 BD/2 BA Model at Westfield Apartments starting at $1,495 with a $1.22 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 | $0.81 |
| Westfield Apartments | 4 BD/2 BA | 4BR,2BA | $1.22 |
| Campus View Historic Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.19 |
| South Point Apartments | 2 bedroom 2 bathroom | 2BR,2BA | $1.32 |
| Water Station Apartments | 2 Bed/2 Bath | 2BR,2BA | $0.96 |
| Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR,1BA | $1.01 |
| McCarthy Apartments | 2 Bedroom | 2BR,1BA | $0.99 |
| Parkview Housing | 2 Bedroom | 2BR,1BA | $1.34 |
| McKay Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.25 |
| Cascade Apartments | One Bedroom | 1BR,1BA | $1.33 |
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!
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Frequently Asked Questions about Perham
What type of rentals are currently available in Perham?
There are currently 68 Apartments for Rent in Perham, MN with pricing that ranges from $695 to $4,500. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Perham ranging from $400 to $2,550.
What is the current price range for Rental Homes in Perham?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Perham ranges from $400 to $2,550 with an average monthly rent of $1,555.
How much are larger Three and Four Bedroom Rentals in Perham?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Perham range from $1,145 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,275. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $1,270.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.