
Cheap Apartments for Rent in Saint Michael, MN from $1,000 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Saint Michael.


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The Dylan Apartments

Countryside Cottages

Cornerstone Village

Town Center Townhomes

Westwind Apartments

Bedford Apartments

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Quest 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.

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The Preserve at Commerce

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Monticello Crossings

Fredrik

Rivers Edge Apartments

Kingston Crossings

8330 Cedar St

Pheasant Ridge Apartments

Cottages of Albertville Senior Townhomes
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301 3rd St E

322 Creekside Dr

821 Creekside Cir

860 Independence Dr

127 Jerry Liefert Dr

5778 Spirit Hills Rd

603 William St

17127 Polk St NW
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.
Saint Michael, MN Local Guide

How much does it cost to rent an apartment in Saint Michael?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Saint Michael Studio Apartments | $1,437 | $1,330 | $1,505 |
| Saint Michael 1 Bedroom Apartments | $1,589 | $1,075 | $1,970 |
| Saint Michael 2 Bedroom Apartments | $1,895 | $1,200 | $2,270 |
| Saint Michael 3 Bedroom Apartments | $2,196 | $1,645 | $2,595 |
Browse Top Apartments in Saint Michael
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Saint Michael, MN Local Guide
- Saint Michael Neighborhoods
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Cheapest Neighborhoods for Apartments in Saint Michael, MN
Pricing Updated: 06/05/2026Current apartment rentals in the Saint Michael, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Saint Michael Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Meadow Pond | $1,732 | $1,075 | 7 |
Cheapest Available Saint Michael Apartments for Rent and Nearby
 The cheapest available apartment rental in Saint Michael, MN is a 2 Beds unit found at Cornerstone Village in the Meadow Pond neighborhood priced from $1,328. Fredrik in the Brockton Meadows neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,425. Here is today’s list of the most affordable Saint Michael apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cornerstone Village | 2 Bedroom | 2BR,2BA | $1,328 |
| Fredrik | Marlowe (A1) | Studio,1BA | $1,425 |
| Bedford Apartments | 2 BR/1 BA | 2BR,1BA | $1,475 |
| Monticello Crossings | S2 | Studio,1BA | $1,481 |
| Rivers Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,550 |
Best Value Apartments for Rent in Saint Michael, MN and Nearby
As of June 05, 2026 the best value apartment in the Saint Michael area is the $2.04 price per square foot D1 - Traverse Model at The Preserve at Albertville in the in the Meadow Pond neighborhood starting from $2,962. The second greatest value Saint Michael apartment is the 2 Bedroom Model at Cornerstone Village starting at $1,328 with a $1.21 price per square foot in the Meadow Pond neighborhood. Here is today’s list of the best values for Saint Michael apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Preserve at Albertville | D1 - Traverse | 3BR,2BA | $2.04 |
| Cornerstone Village | 2 Bedroom | 2BR,2BA | $1.21 |
| Bedford Apartments | 3 BR/2 BA fmr | 3BR,2BA | $1.69 |
| The Preserve at Commerce | Bentley | 2BR,1BA | $1.87 |
| The Dylan Apartments | Tranquil Den | 2BR,2BA | $2.08 |
| Quest Apartments | 1 Bedroom A6 | 1BR,1BA | $2.16 |
| Rivers Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.04 |
| Monticello Crossings | S2 | Studio ,1BA | $2.31 |
| Fredrik | Rowley (A3) | Studio ,1BA | $2.64 |
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.
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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 Saint Michael, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Saint Michael, MN Rentals by Map
See the most popular apartments and homes in Saint Michael, MN
Frequently Asked Questions about Cheap Saint Michael Apartments
What is a cheap apartment in Saint Michael?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Saint Michael is under $2,962.
What is the price of a cheap apartment in Saint Michael?
The cheapest apartment in Saint Michael is Rivers Edge Apartments which is listed at $1,550, while the average apartment in Saint Michael costs $1,732.
What types of apartments are the cheapest in Saint Michael?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Saint Michael that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Saint Michael?
Cheap apartments in Saint Michael have an average cost of $748 which is $984 cheaper than the average rent for all rentals in Saint Michael.
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

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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.