
Cheap Apartments for Rent in Spring Valley, MN from $400 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Spring Valley.


Hillside Apartments

Total Monthly Price
The Graham

Eastwood Manor

Total Monthly Price
The Ida

Cottages of Stewartville

Homestead Village Townhomes
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.

Total Monthly Price
Meadow Park Apartments

EastGate Apartments

Total Monthly Price
5th on 5th Apartments

STEWARTVILLE FLATS

The HUE

Eastwood Ridge

Total Monthly Price
Residence at Discovery Square
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.

The Vista at South Broadway

TwentyFirst Ave

Total Monthly Price
The Manor at Med City

501 on First

121 Main St S

1017 21st St SE

Chester Estates
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.

The Beacon

1503 4th Ave SE

28 6th Ave SE

1513 2nd St NE

2094 11th Ave SE

819 6th Ave SE

1732 2nd Ave SE
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.
Spring Valley, MN Local Guide

How much does it cost to rent an apartment in Spring Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Spring Valley Studio Apartments | $1,544 | $450 | $1,945 |
| Spring Valley 1 Bedroom Apartments | $1,680 | $850 | $2,150 |
| Spring Valley 2 Bedroom Apartments | $2,173 | $925 | $3,695 |
| Spring Valley 3 Bedroom Apartments | $2,416 | $1,345 | $3,875 |
| Spring Valley 4 Bedroom Apartments | $1,616 | $1,575 | $1,950 |
Browse Top Apartments in Spring Valley
See all Apartments in Spring ValleyExplore Spring Valley
Spring Valley, MN Local Guide
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Cheapest Available Spring Valley Apartments for Rent and Nearby
 The cheapest available apartment rental in Spring Valley, MN is a 1 Bed unit found at 105 Main St S priced from $675. Hillside Apartments in the Meadow Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Spring Valley apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 105 Main St S | 1-bedroom | 1BR,1BA | $675 |
| Hillside Apartments | Studio | Studio,1BA | $900 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,125 |
| Meadow Park Apartments | Modern One Bedroom | 1BR,1BA | $1,150 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1,200 |
| Residence at Discovery Square | Industrial Flat - Alcove | Studio,1BA | $1,325 |
| The Manor at Med City | 1 Bedroom - Deluxe | 1BR,1BA | $1,360 |
| The Quarters | 4 Bedroom A | 4BR,2BA | $1,575 |
| The Rosewater | Sanctuary | 1BR,1BA | $1,599 |
| First & Banks | Rhodes (A1) | Studio,1BA | $1,625 |
Best Value Apartments for Rent in Spring Valley, MN and Nearby
As of June 20, 2026 the best value apartment in the Spring Valley area is the $1.57 price per square foot 3 Bed, 2.5 Bath Model at Falcon Heights Townhomes in the in the East Rochester neighborhood starting from $2,200. The second greatest value Spring Valley apartment is the 4BR/2.5BA Model at 318 Commons starting at $1,950 with a $1.50 price per square foot in the Meadow Park neighborhood. Here is today’s list of the best values for Spring Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Falcon Heights Townhomes | 3 Bed, 2.5 Bath | 3BR,2.5BA | $1.57 |
| 318 Commons | 4BR/2.5BA | 4BR,2.5BA | $1.50 |
| The Quarters | 4 Bedroom A | 4BR,2BA | $1.27 |
| Avani Living | Two Bedroom A | 2BR,2BA | $1.65 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| SoRoc on Maine | Birchcrest | 1BR,1BA | $2.11 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1.85 |
| 105 Main St S | 1-bedroom | 1BR,1BA | $1.23 |
| DM Communities - Rochester | 620-106 | 1BR,1BA | $1.99 |
| Hillside Apartments | Studio | Studio ,1BA | $1.90 |
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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Spring Valley, MN Rentals by Map
See the most popular apartments and homes in Spring Valley, MN
Frequently Asked Questions about Cheap Spring Valley Apartments
What is the Cheapest Studio apartment in Spring Valley?
Currently the most affordable Cheap Studio Apartment in Spring Valley is at Hillside Apartments listed at $900.
How much is rent for a Cheap One Bedroom Spring Valley Apartment?
The lowest price for a Cheap One Bedroom Spring Valley Apartment is $675 at 105 Main St S.
What is the lowest price for a Cheap Two Bedroom Spring Valley Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Spring Valley is starting from $1,125 at Homestead Village Townhomes.
What is the most affordable Spring Valley Three Bedroom Apartment?
The best deal on a cheap Spring Valley Three Bedroom Apartment rental is at Homestead Village Townhomes and starts from $1,325.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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.