
Cheap Apartments for Rent in Princeton, MN from $700 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in Princeton.


Rum River Residential Suites

925 W Branch St

Total Monthly Price
Milaca Apartments

Total Monthly Price
Meadow Creek Village

Pinewood Estates

Goldenrod Glen

River Garden Apartments

Total Monthly Price
Depot on Main
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.

The 601 Apartments

Isanti Village Apartments

Ridgewood Manor Partnership

Prairie Village

Total Monthly Price
Jackson Hills Apartments

Elk Crossing Apartments

Total Monthly Price
Sherburne Park Estates

The Emerald Apartments & Townhomes

Total Monthly Price
Station Street 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.

Northern Star Apartments

Ashbury Residential Suites

The Lodge at Oak Landing

Total Monthly Price
Dove Tree Apartments

Lions Park Apartments

Dove Terrace

Total Monthly Price
Park Brook Apartments

Birch Grove Estates

Courtyard 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.

The Commons on Whiskey Road

Town Square Residential Suites

Total Monthly Price
Evans Meadows

Sunrise Court Apartments

Isanti Village II

The Bridgewell Apartments

Marketplace Crossing

Elk Ridge Lodge

490 3rd St S
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.

Heartland Point Apartments

Legacy Townhomes

12654 Pond View Rd

591 William St

22167 156th St NW

603 William St

3901 9th Ln

7224 147th Terrace NW

11523 37th Ave SE
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.

11525 37th Ave SE

11529 37th Ave SE

11527 37th Ave SE

860 Independence 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 | $1,229 | $1,115 | $1,368 |
| Princeton 1 Bedroom Apartments | $1,397 | $932 | $1,814 |
| Princeton 2 Bedroom Apartments | $1,562 | $920 | $2,165 |
| Princeton 3 Bedroom Apartments | $1,703 | $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 River Garden Apartments in the Twin Lakes Estates neighborhood priced from $1,058. 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 |
|---|---|---|---|
| River Garden Apartments | 1 Bedroom | 1BR,1BA | $1,058 |
| Isanti Village II | One Bedroom One Bathroom BLDG D | 1BR,1BA | $1,115 |
| Isanti Village Apartments | 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 |
| 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 |
| Northern Star Apartments | 1 Bedroom | 1BR,1BA | $1,315 |
| Sherburne Park Estates | 2 Bedroom Deluxe | 2BR,1BA | $1,318 |
| The Lodge at Oak Landing | Studio 1 bathroom plus den | Studio,1BA | $1,326 |
Best Value Apartments for Rent in Princeton, MN and Nearby
As of April 21, 2026 the best value apartment in the Princeton area is the $1.60 price per square foot 2 Bedroom/2 Bath Apartment (Building B) Model at Park Brook Apartments in the in the Isanti Northern Suburbs neighborhood starting from $1,550. The second greatest value Princeton apartment is the The Snowy Owl Model at Ashbury Residential Suites starting at $1,550 with a $1.60 price per square foot in the Clemens Munsinger Gardens 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. |
|---|---|---|---|
| Park Brook Apartments | 2 Bedroom/2 Bath Apartment (Building B) | 2BR,2BA | $1.60 |
| Ashbury Residential Suites | The Snowy Owl | 2BR,1BA | $1.60 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| Station Street Apartments | 2 Bedroom/1 Bath Apartment | 2BR,1BA | $1.59 |
| Prairie Village | Two Bedroom/ Two Bathroom | 2BR,1.5BA | $1.21 |
| The 601 Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.61 |
| Sherburne Park Estates | 2 Bedroom | 2BR,1BA | $1.44 |
| Princeton Residential Suites | 1 Bedroom H & I 3/4 Bath | 1BR,1BA | $1.60 |
| Northern Star Apartments | 1 Bedroom | 1BR,1BA | $1.64 |
| River Garden Apartments | 1 Bedroom | 1BR,1BA | $1.41 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 $1,058 at River Garden 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 $1,158 at River Garden Apartments.
What is the most affordable Princeton Three Bedroom Apartment?
The best deal on a cheap Princeton Three Bedroom Apartment rental is at Northern Star Apartments and starts from $1,695.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.