Cheap Homes for Rent in Shafer, MN from $1,000 (14 Rentals)

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

property at 607 W Broadway Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

607 W Broadway Ave

Forest LakeMN55025
property at 161 1st Ave N

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Home for Rent

Available Now

161 1st Ave N

BayportMN55003

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.

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.

Shafer, MN Local Guide

Cheapest Available Shafer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shafer, MN is a Studio unit found at Arbor View Apartments in the Washington Far Eastern Suburbs neighborhood priced from $1,025. 956 Place Apartments in the Washington Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,129. Here is today’s list of the most affordable Shafer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arbor View ApartmentsEfficiency 4-01Studio,1BA$1,025
956 Place Apartments1 Bedroom 1 Bath1BR,1BA$1,129
Autumn Hills ApartmentsBirch2BR,1BA$1,140
Beebe Lofts1 Bedroom1BR,1BA$1,150
Oakridge ApartmentsWonderful 2BR in Peaceful Location 30 minutes f...2BR,1BA$1,237

Best Value Apartments for Rent in Shafer, MN and Nearby

As of June 05, 2026 the best value apartment in the Shafer area is the $1.06 price per square foot House Model at Garley Farm in the in the Settlers Glen neighborhood starting from $2,750. The second greatest value Shafer apartment is the 2 Bedroom Model at Dakota Meadows starting at $1,395 with a $1.29 price per square foot in the St Croix Far Eastern Suburbs neighborhood. Here is today’s list of the best values for Shafer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Garley FarmHouse4BR,3BA$1.06
Dakota Meadows2 Bedroom2BR,1BA$1.29
Greystone ApartmentsTahoe3BR,1BA$1.56
Autumn Hills ApartmentsBirch2BR,1BA$1.14
Westview ApartmentsTwo Bedroom One Bath H2BR,1BA$1.45
Sarah Lane Court2BR/1BA2BR,1BA$1.46
Falcon Apartments2 Bedroom/1 Bath Apartment A2BR,1BA$1.54
Fitzgerald FlatsTwo Bedroom2BR,1BA$1.45
Oakridge ApartmentsWonderful 2BR in Peaceful Location 30 minutes f...2BR,1BA$1.52
Beebe Lofts1 Bedroom1BR,1BA$1.46

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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Real 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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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 Shafer

What type of rentals are currently available in Shafer?

There are currently 55 Apartments for Rent in Shafer, MN with pricing that ranges from $1,020 to $3,415. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shafer ranging from $1,000 to $7,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shafer ranges from $1,000 to $7,000 with an average monthly rent of $3,718.

How much are larger Three and Four Bedroom Rentals in Shafer?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Shafer range from $1,260 to $2,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $4,300. Four Bedroom Single-Family rentals are also available starting from $4,300 and Four Bedroom Apartments start at $2,750.

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 Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

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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.

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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.

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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.