Cheap Apartments for Rent in St. Peter, MN from $427 (47 Rentals)

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Maplewood Apartments
$830 - $1,015

Total Monthly Price

Base Rent$830 - $1,015

Total Monthly Price$830 - $1,015
1 to 3 Bedroom Apartments Available Now

Maplewood Apartments

1320 N 5th StSt. Peter, MN 56082
Cost Per Sq.Ft.
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STP Group, LLC (ROK)
$1,050 - $1,150

Total Monthly Price

Base Rent$1,000 - $1,100
Required Monthly Fees$50

Total Monthly Price$1,050 - $1,150
12 Month Lease Term
Studio to 1 Bedroom Apartments Available Now

STP Group, LLC (ROK)

410 S Minnesota AveSt. Peter, MN 56082
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Capital Lofts
$1,095 - $1,295

Total Monthly Price

Base Rent$1,095 - $1,295

Total Monthly Price$1,095 - $1,295
1 Bedroom Apartments Available Oct 2

Capital Lofts

970 N 3rd StSt. Peter, MN 56082
Luxury
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Welco West
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
2 Bedroom Apartments Available Now

Welco West

1901 Meridian StSt. Peter, MN 56082
Luxury
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Fairview Apartments
1 to 3 Bedroom Apartments

Fairview Apartments

720 Ronell StSt. Peter, MN 56082
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Rock Ridge Apartments
1 to 3 Bedroom Apartments

Rock Ridge Apartments

604 Knight StSt. Peter, MN 56082
  • Utilities Included
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The Bungalows
1 to 2 Bedroom Apartments

The Bungalows

1571 Aspen DrSt. Peter, MN 56082
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 960 N 3rd St
$1,325

Total Monthly Price

Base Rent$1,325

Total Monthly Price$1,325
1 Bedroom Rentals
Available Now

960 N 3rd St

St. PeterMN56082
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Highland Hills Apartments
Rent Specials
$295 - $1,980

Total Monthly Price

Base Rent$295 - $1,980

Total Monthly Price$295 - $1,980
12 Month Lease Term
Studio to 5 Bedroom Apartments Available Now

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
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College Station
Rent Specials
$427 - $2,135

Total Monthly Price

Base Rent$427 - $2,135

Total Monthly Price$427 - $2,135
12 Month Lease Term
5 Bedroom Apartments Available Now

College Station

1341 Pohl RdMankato, MN 56001
Student Housing
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Glenwood Terrace
$880 - $985

Total Monthly Price

Base Rent$880 - $985

Total Monthly Price$880 - $985
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Glenwood Terrace

107-115 Parkway AveMankato, MN 56001
Active Lifestyle
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Le Sueur Apartments
Rent Specials
$895 - $1,020

Total Monthly Price

Base Rent$895 - $1,020

Total Monthly Price$895 - $1,020
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Le Sueur Apartments

411 N 3rd St NLe Sueur, MN 56058
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Hoover Estates
$918 - $1,218

Total Monthly Price

Base Rent$895 - $1,195
Required Monthly Fees$23

Total Monthly Price$918 - $1,218
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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River Bluff Apartments
Rent Specials
$980 - $1,517

Total Monthly Price

Base Rent$950 - $1,487
Required Monthly Fees$30

Total Monthly Price$980 - $1,517
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
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Tiller Place
$1,000 - $1,425

Total Monthly Price

Base Rent$1,000 - $1,425

Total Monthly Price$1,000 - $1,425
Studio to 2 Bedroom Apartments Available Now

Tiller Place

128 2nd StLe Sueur, MN 56058
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Southwood Flats
$1,004 - $1,204

Total Monthly Price

Base Rent$1,004 - $1,204

Total Monthly Price$1,004 - $1,204
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Southwood Flats

520 James AveMankato, MN 56001
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Village Court Apartments
$1,028 - $1,128

Total Monthly Price

Base Rent$1,028 - $1,128

Total Monthly Price$1,028 - $1,128
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Village Court Apartments

1620 Village CtNorth Mankato, MN 56003
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The Grove at Mankato
Rent Specials
$1,036 - $1,895

Total Monthly Price

Base Rent$940 - $1,799
Required Monthly Fees$96

Total Monthly Price$1,036 - $1,895
11 Month Lease Term
1 to 3 Bedroom Apartments Available Now

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
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The Edge Apartments
Rent Specials
$1,080 - $1,330

Total Monthly Price

Base Rent$1,050 - $1,300
Required Monthly Fees$30

Total Monthly Price$1,080 - $1,330
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
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Cedar Meadow Apartments
Rent Specials
$1,099 - $1,299

Total Monthly Price

Base Rent$1,099 - $1,299

Total Monthly Price$1,099 - $1,299
12 Month Lease Term
3 Bedroom Apartments Available Now

Cedar Meadow Apartments

701 S Victory DrMankato, MN 56001
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Augusta Park Estates
$1,120 - $1,899

Total Monthly Price

Base Rent$1,120 - $1,899

Total Monthly Price$1,120 - $1,899
12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
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Village Place Flats
Rent Specials
$1,150 - $1,300

Total Monthly Price

Base Rent$1,150 - $1,300

Total Monthly Price$1,150 - $1,300
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Village Place Flats

210 Thomas DrMankato, MN 56001
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Tiller+Main
$1,175 - $1,400

Total Monthly Price

Base Rent$1,175 - $1,400

Total Monthly Price$1,175 - $1,400
1 to 2 Bedroom Apartments Available Now

Tiller+Main

101 Main StLe Sueur, MN 56058
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Legacy Park Estates
Rent Specials
$1,214 - $1,689

Total Monthly Price

Base Rent$1,175 - $1,650
Required Monthly Fees$39

Total Monthly Price$1,214 - $1,689
1 to 3 Bedroom Apartments Available Now

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Dublin Road Townhomes
$1,215 - $1,525

Total Monthly Price

Base Rent$1,215 - $1,525

Total Monthly Price$1,215 - $1,525
2 to 3 Bedroom Apartments Available Now

Dublin Road Townhomes

304-306 Dublin CtMankato, MN 56001
Cost Per Sq.Ft.
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The Forde
$1,225 - $1,570

Total Monthly Price

Base Rent$1,225 - $1,570

Total Monthly Price$1,225 - $1,570
1 to 2 Bedroom Apartments Available Now

The Forde

1111 Range StNorth Mankato, MN 56003
Family Friendly
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Riverfront Court
$1,300 - $1,800

Total Monthly Price

Base Rent$1,300 - $1,800

Total Monthly Price$1,300 - $1,800
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Riverfront Court

115 S Riverfront DrMankato, MN 56001
Active Lifestyle
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Woodside Apartments
$1,300 - $1,690

Total Monthly Price

Base Rent$1,285 - $1,675
Required Monthly Fees$15

Total Monthly Price$1,300 - $1,690
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
Pet Friendly
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Pond View Heights Apartments
Rent Specials
$1,350 - $2,025

Total Monthly Price

Base Rent$1,350 - $2,025

Total Monthly Price$1,350 - $2,025
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Pond View Heights Apartments

1015 Hope StMankato, MN 56001
Family Friendly
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Lewis Lofts
1 to 2 Bedroom Apartments

Lewis Lofts

209 Dewey StMankato, MN 56001
Senior Living
  • Utilities Included
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Hillside Court
1 to 2 Bedroom Apartments

Hillside Court

220 Risedorph StLe Sueur, MN 56058
  • Utilities Included

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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Hillcrest Apartments
1 to 2 Bedroom Apartments

Hillcrest Apartments

500 Boright StLe Sueur, MN 56058
  • Utilities Included
property at 815 N 4th St
$1,095

Total Monthly Price

Base Rent$1,095

Total Monthly Price$1,095
3 Bedroom, 1 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

815 N 4th St

MankatoMN56001
property at 325.5 McKinley Ave
$1,100

Total Monthly Price

Base Rent$1,100

Total Monthly Price$1,100
2 Bedroom, 1 Bath Home for Rent
Available Now

325.5 McKinley Ave

North MankatoMN56003
property at 1611 5th Ave
$1,150

Total Monthly Price

Base Rent$1,150

Total Monthly Price$1,150
1 Bedroom, 1 Bath Home for Rent
Available Now

1611 5th Ave

MankatoMN56001
property at 1109 1st Ave NW
$1,150

Total Monthly Price

Base Rent$1,150

Total Monthly Price$1,150
2 Bedroom, 1 Bath Townhome for Rent
Available Now

1109 1st Ave NW

FaribaultMN55021
property at 561 S Elk St
$1,095 - $1,445

Total Monthly Price

Base Rent$1,225

Total Monthly Price$1,225
1 To 2 Bedroom Rentals
Available Now

561 S Elk St

Belle PlaineMN56011
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Northgate Townhomes
2 to 3 Bedroom Apartments

Northgate Townhomes

1010 Jace DrMankato, MN 56001
  • Utilities Included
property at 103 Locust St
$1,295

Total Monthly Price

Base Rent$1,295

Total Monthly Price$1,295
3 Bedroom, 1 Bath Condo for Rent
Available Now

103 Locust St

MankatoMN56001
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Haughton Estates
2 Bedroom Apartments

Haughton Estates

1915 Haughton AveNorth Mankato, MN 56003

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.

property at 202 Dane St
$1,350

Total Monthly Price

Base Rent$1,350

Total Monthly Price$1,350
1 Bedroom, 1 Bath Home for Rent
Available Oct 7
Cost Per Sq.Ft.

202 Dane St

MankatoMN56001
property at 242 Belgrade Ave
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
1 Bedroom, 1 Bath Condo for Rent
Available Sep 18

242 Belgrade Ave

North MankatoMN56003

St. Peter, MN Local Guide

Cheapest Available St. Peter Apartments for Rent and Nearby

 

The cheapest available apartment rental in St. Peter, MN is a 5 Beds unit found at Highland Hills Apartments in the University neighborhood priced from $295. College Station in the University neighborhood has the second lowest priced unit, which is a 5 Beds apartment currently listed from $427. Here is today’s list of the most affordable St. Peter apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland Hills ApartmentsHighland East B5BR,2BA$295
College Station5 Bedroom 2 bath5BR,2BA$427
Le Sueur Apartments1 Bedroom1BR,1BA$895
Hoover EstatesEfficient One Bedroom Apartment Home1BR,1BA$918
Maplewood Apartments2 Beds, 1 bath2BR,1BA$960
Glenwood Terrace2 BR/ 1 BA2BR,1BA$985
Tiller Place0BR/1.0BAStudio,1BA$1,000
Southwood Flats1 Bed, 1 Bath (Phase 1)1BR,1BA$1,004
Village Court Apartments1 Bed, 1 Bath (renovated)1BR,1BA$1,028
Le Sueur MeadowsTwo Bedroom2BR,1BA$1,030

Best Value Apartments for Rent in St. Peter, MN and Nearby

As of September 13, 2026 the best value apartment in the St. Peter area is the $1.14 price per square foot 3 bed 2.5 bath (Interior) Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $1,995. The second greatest value St. Peter apartment is the 5 Bedroom 2 bath Model at College Station starting at $427 with a $0.32 price per square foot in the University neighborhood. Here is today’s list of the best values for St. Peter apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run Townhomes3 bed 2.5 bath (Interior)3BR,2.5BA$1.14
College Station5 Bedroom 2 bath5BR,2BA$0.32
Dublin Road Townhomes3 Bedroom 1.5 Bath Market3BR,1.5BA$1.20
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.24
Vista View Townhomes3 Bedroom Townhouse3BR,1.5BA$1.08
Greenfield Estates I & IITwo Bedroom Apartment2BR,1BA$1.23
Le Sueur MeadowsThree Bedroom3BR,1BA$1.25
Maplewood Apartments3 Beds, 1 bath3BR,1BA$1.02
The Edge ApartmentsTwo Bedroom2BR,1BA$1.21
Glenwood Terrace2 BR/ 1 BA2BR,1BA$1.19

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 Cheap St. Peter Apartments

What is the Cheapest Studio apartment in St. Peter?

Currently the most affordable Cheap Studio Apartment in St. Peter is at Highland Hills Apartments listed at $750.

How much is rent for a Cheap One Bedroom St. Peter Apartment?

The lowest price for a Cheap One Bedroom St. Peter Apartment is $895 at Le Sueur Apartments.

What is the lowest price for a Cheap Two Bedroom St. Peter Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in St. Peter is starting from $960 at Maplewood Apartments.

What is the most affordable St. Peter Three Bedroom Apartment?

The best deal on a cheap St. Peter Three Bedroom Apartment rental is at Maplewood Apartments and starts from $1,015.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.