Cheap Homes for Rent in Rice, MN from $400 (6 Rentals)

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

property at 815 5th Ave S

$400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$400

Total Monthly Price
$400

1 Bedroom, 1 Bath Home for Rent

Available Now

815 5th Ave S

St. CloudMN56301
property at 134 21st Ave N

$795

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Home for Rent

Available Now

134 21st Ave N

St. CloudMN56303
property at 6445 132nd Ave NE

$988

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$988

Total Monthly Price
$988

1 Bedroom, 1 Bath Townhome for Rent

Available Now

6445 132nd Ave NE

SpicerMN56288

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.

property at 60 Birch Ave S

$1,240

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,240

Total Monthly Price
$1,240

2 Bedroom Rentals

Available Now

60 Birch Ave S

Maple LakeMN55358
property at 490 3rd St S

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 2 Bath Townhome for Rent

Available Now

490 3rd St S

Waite ParkMN56387
property at 723 5th Ave S

$1,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

4 Bedroom, 2.5 Bath Home for Rent

Available Now

723 5th Ave S

St. CloudMN56301

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.

Rice, MN Local Guide

Cheapest Available Rice Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rice, MN is a 1 Bed unit found at Benton Place Apartments priced from $625. Hunters Ridge has the second lowest priced unit, which is a 2 Beds apartment currently listed from $850. Here is today’s list of the most affordable Rice apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Benton Place Apartments1 Bedroom 1 Bath1BR,1BA$625
Hunters Ridge2BR/1BA2BR,1BA$850
Park Ave2 Bedroom2BR,1BA$900

Best Value Apartments for Rent in Rice, MN and Nearby

As of April 22, 2026 the best value apartment in the Rice area is the $1.17 price per square foot 3 Bed/2 Bath-F Model at Windsong Apartments in the in the Pantown neighborhood starting from $1,550. The second greatest value Rice apartment is the B2 Model at The Ponds at Heritage Place starting at $1,461 with a $1.28 price per square foot . Here is today’s list of the best values for Rice apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Windsong Apartments3 Bed/2 Bath-F3BR,2BA$1.17
The Ponds at Heritage PlaceB22BR,2BA$1.28
Mississippi View3 Bedroom 2 Bathroom3BR,2BA$1.27
Pheasant Crest Townhomes2 Bedroom Townhome2BR,2BA$1.26
Hillside Apartments3 rd floor2BR,1BA$1.01
Meadowlawn Village2 Bed/ 2 Bath2BR,2BA$1.40
Hunters Ridge2BR/1BA2BR,1BA$0.97
Oak Hill Estates2 Bedroom 1 Bathroom2BR,1BA$1.11
Park Ave2 Bedroom2BR,1BA$1.03
Benton Place Apartments1 Bedroom 1 Bath1BR,1BA$1.00

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.

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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.

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The 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.

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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.

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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Rice

What type of rentals are currently available in Rice?

There are currently 35 Apartments for Rent in Rice, MN with pricing that ranges from $675 to $1,915. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rice ranging from $400 to $4,000.

What is the current price range for Rental Homes in Rice?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Rice ranges from $400 to $4,000 with an average monthly rent of $1,999.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

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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.

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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.