
Cheap Homes for Rent in Saint Michael, MN from $1,600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Saint Michael.


1411 2nd Ave S

591 William St

9208 Golden Pond Ln N

16145 71st Ln NE
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.

9461 Ranchview Ln N

603 William St

860 Independence Dr

6788 Gingham Ct

9012 Garland Ln N
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.
Saint Michael, MN Local Guide

How much does it cost to rent a home in Saint Michael?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Saint Michael 2 Bedroom Homes for Rent | $2,005 | $1,650 | $2,900 |
| Saint Michael 3 Bedroom Homes for Rent | $2,999 | $1,895 | $10,000+ |
| Saint Michael 4 Bedroom Homes for Rent | $3,326 | $2,600 | $5,375 |
| Saint Michael 5 Bedroom Homes for Rent | $6,220 | $2,550 | $10,000+ |
Browse Top Homes for Rent in Saint Michael
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Saint Michael, MN Local Guide
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Cheapest Neighborhoods for Apartments in Saint Michael, MN
Pricing Updated: 04/28/2026Current 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 | $1,837 | $1,075 | 8 |
Cheapest Available Saint Michael Apartments for Rent and Nearby
 The cheapest available apartment rental in Saint Michael, MN is a Studio unit found at The Dylan Apartments in the Towne Lakes neighborhood priced from $1,381. Fredrik in the Brockton Meadows neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,440. Here is today’s list of the most affordable Saint Michael apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Dylan Apartments | Harmony Studio | Studio,1BA | $1,381 |
| Fredrik | Marlowe (A1) | Studio,1BA | $1,440 |
| Rivers Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,550 |
Best Value Apartments for Rent in Saint Michael, MN and Nearby
As of April 29, 2026 the best value apartment in the Saint Michael area is the $1.90 price per square foot D2 - Suttons Model at The Preserve at Albertville in the in the Meadow Pond neighborhood starting from $3,257. The second greatest value Saint Michael apartment is the 3 BR/2 BA fmr Model at Bedford Apartments starting at $1,830 with a $1.68 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 | D2 - Suttons | 3BR,2.5BA | $1.90 |
| Bedford Apartments | 3 BR/2 BA fmr | 3BR,2BA | $1.68 |
| Cornerstone Village | 2 Bedroom | 2BR,2BA | $1.59 |
| Kingston Crossings | 2Bed - 2Bath | 2BR,2BA | $1.78 |
| The Preserve at Commerce | Camelia | 1BR,1BA | $1.88 |
| Quest Apartments | 1 Bedroom A5 | 1BR,1BA | $2.05 |
| Rivers Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.04 |
| Monticello Crossings | S2 | Studio ,1BA | $2.48 |
| Fredrik | Marlowe (A1) | Studio ,1BA | $2.64 |
| The Dylan Apartments | Harmony Studio | Studio ,1BA | $3.12 |
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
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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 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 Saint Michael
What type of rentals are currently available in Saint Michael?
There are currently 38 Apartments for Rent in Saint Michael, MN with pricing that ranges from $1,075 to $2,625. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Saint Michael ranging from $1,650 to $18,000.
What is the current price range for Rental Homes in Saint Michael?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Saint Michael ranges from $1,650 to $18,000 with an average monthly rent of $3,637.
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

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.

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.