
Cheap Apartments for Rent in Princeton, MN from $700 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Princeton.


Princeton Residential Suites

925 West Branch St

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Milaca Apartments

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Meadow Creek Village

Pinewood Estates

Goldenrod Glen

River Garden Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Depot on Main

Isanti Village Apartments

The 601 Apartments

Ridgewood Manor Partnership

Prairie Village

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Jackson Hills Apartments

Elk Crossing Apartments

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Sherburne Park Estates
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

The Emerald Apartments & Townhomes

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Rum River Apartments

Birch Grove Estates

Northern Star Apartments

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Park Brook Apartments

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The Lodge at Oak Landing

The Commons On Whiskey Road

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Dove Tree 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.

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Fairway Ridge Estates

Town Square Residential Suites

Dove Terrace

Courtyard Apartments

Ashbury Residential Suites

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Station Street Apartments

555 Highway 23 E

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Evans Meadows
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.

Sunrise Court Apartments

519 14th St S

Isanti Village II

The Bridgewell Apartments

Marketplace Crossing

Elk Ridge Lodge

490 3rd St S

310 3rd Ave
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.

Heartland Point, LLC

Legacy Townhomes

723 5th Ave S

127 Jerry Liefert Dr
Princeton, MN Local Guide

How much does it cost to rent an apartment in Princeton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Princeton Studio Apartments | $1,287 | $1,115 | $1,455 |
| Princeton 1 Bedroom Apartments | $1,400 | $994 | $1,844 |
| Princeton 2 Bedroom Apartments | $1,552 | $920 | $2,115 |
| Princeton 3 Bedroom Apartments | $1,698 | $1,290 | $2,494 |
Browse Top Apartments in Princeton
See all Apartments in PrincetonExplore Princeton
Princeton, MN Local Guide
- Nearby Cities
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Cheapest Available Princeton Apartments for Rent and Nearby
 The cheapest available apartment rental in Princeton, MN is a 1 Bed unit found at Isanti Village Apartments in the Isanti Northern Suburbs neighborhood priced from $1,115. Isanti Village II in the Isanti Northern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,115. Here is today’s list of the most affordable Princeton apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Isanti Village Apartments | One Bedroom One Bathroom BLDG D | 1BR,1BA | $1,115 |
| Isanti Village II | One Bedroom One Bathroom BLDG D | 1BR,1BA | $1,115 |
| Prairie Village | Two Bedroom/ Two Bathroom | 2BR,1BA | $1,160 |
| Jackson Hills Apartments | The Bunker - CONTACT FOR AVAILABILITY | Studio,1BA | $1,189 |
| Elk Crossing Apartments | Two Bedroom | 2BR,1BA | $1,195 |
| Princeton Residential Suites | 1 Bedroom H & I 3/4 Bath | 1BR,1BA | $1,300 |
| The Emerald Apartments & Townhomes | One Bedroom One Bath | 1BR,1BA | $1,310 |
| The 601 Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,320 |
| Park Brook Apartments | One Bedroom with Pantry | 1BR,1BA | $1,325 |
| Dove Tree Apartments | 1 Bedroom H | 1BR,1BA | $1,378 |
Best Value Apartments for Rent in Princeton, MN and Nearby
As of July 21, 2026 the best value apartment in the Princeton area is the $1.34 price per square foot 3 Bedroom Large Model at Northern Star Apartments in the in the Clemens Munsinger Gardens neighborhood starting from $1,725. The second greatest value Princeton apartment is the 3 Bedroom (60%) Model at The Bridgewell Apartments starting at $1,784 with a $1.53 price per square foot in the Isanti Northern Suburbs neighborhood. Here is today’s list of the best values for Princeton apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Northern Star Apartments | 3 Bedroom Large | 3BR,2BA | $1.34 |
| The Bridgewell Apartments | 3 Bedroom (60%) | 3BR,1.75BA | $1.53 |
| 555 Highway 23 E | Open Concept | 2BR,1BA | $1.50 |
| Rum River Apartments | B3 | 2BR,1BA | $1.40 |
| Birch Grove Estates | 2 Bedroom / 2 Bath | 2BR,2BA | $1.62 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| Prairie Village | Two Bedroom/ Two Bathroom | 2BR,1.5BA | $1.21 |
| Elk Crossing Apartments | Two Bedroom | 2BR,1BA | $1.26 |
| Isanti Village II | One Bedroom One Bathroom BLDG D | 1BR,1BA | $1.59 |
| Isanti Village Apartments | One Bedroom One Bathroom BLDG D | 1BR,1BA | $1.59 |
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 Princeton, MN
Princeton Primary School
Princeton Senior High School
Princeton Intermediate School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Princeton, MN Rentals by Map
See the most popular apartments and homes in Princeton, MN
Princeton, MN Area Reviews
NoMan • 4+ years in Princeton
June 8, 2025It is okay if ur not gonna live here for 10+ years
Frequently Asked Questions about Cheap Princeton Apartments
How much is rent for a Cheap One Bedroom Princeton Apartment?
The lowest price for a Cheap One Bedroom Princeton Apartment is $1,115 at Isanti Village Apartments.
What is the lowest price for a Cheap Two Bedroom Princeton Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Princeton is starting from $1,160 at Prairie Village.
What is the most affordable Princeton Three Bedroom Apartment?
The best deal on a cheap Princeton Three Bedroom Apartment rental is at Dove Terrace and starts from $1,535.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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.