
Cheap Apartments for Rent in St. Peter, MN from $400 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in St. Peter.


Rock Ridge Apartments

117 S Minnesota Ave

Vista View Townhomes

Traverse Green

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RoK Lofts

Welco West

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804 4th S St, Unit Apt 3

Capital Lofts

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426 Elm St, Unit Apt 2
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.

Maplewood Apartments

The Bungalows

960 N 3rd St

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Highland Hills Apartments

Glenwood Terrace

Hillcrest Apartments

Le Sueur Apartments

Tiller+Main

Le Sueur Meadows

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The Grove at Mankato
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

Southwood Flats

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Hoover Estates

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Woodside Apartments

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The Edge Apartments

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Augusta Park Estates

Total Monthly Price
River Bluff Apartments

Riverfront Court

Village Place Flats

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Legacy Park Estates
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.

Dublin Road Townhomes

The Forde

Cedar Meadow Apartments

Greenfield Estates I & II

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Axis Lofts

Tiller Place

Total Monthly Price
Silos Apartments

Augusta Commons

Lewis Lofts

Hillside Court
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.

325 E Washington St

325.5 McKinley Ave

815 N 4th St

561 S Elk St

1738-1740 Colette Dr

Northgate Townhomes

Haughton Estates

340 Webster Ave

242 Belgrade Ave

210 S 4th
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.
St. Peter, MN Local Guide

How much does it cost to rent an apartment in St. Peter?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| St. Peter Studio Apartments | $1,157 | $900 | $1,315 |
| St. Peter 1 Bedroom Apartments | $1,256 | $855 | $2,155 |
| St. Peter 2 Bedroom Apartments | $1,365 | $985 | $2,150 |
| St. Peter 3 Bedroom Apartments | $1,534 | $1,155 | $2,095 |
| St. Peter 4 Bedroom Apartments | $1,880 | $1,780 | $1,980 |
Browse Top Apartments in St. Peter
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St. Peter, MN Local Guide
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Cheapest Available St. Peter Apartments for Rent and Nearby
 The cheapest available apartment rental in St. Peter, MN is a 1 Bed unit found at Le Sueur Apartments in the Le Sueur County neighborhood priced from $895. Tiller+Main in the Le Sueur County 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 St. Peter apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| Le Sueur Meadows | One Bedroom | 1BR,1BA | $945 |
| Hillcrest Apartments | 2BD/1BA | 2BR,1BA | $995 |
| Southwood Flats | 1 Bed, 1 Bath (Phase 1) | 1BR,1BA | $1,049 |
| Lewis Lofts | 1a1t | 1BR,1BA | $1,050 |
| Hoover Estates | 2/1 | 2BR,1BA | $1,065 |
| Greenfield Estates I & II | Waiting List - 1 Bedroom | 1BR,1BA | $1,075 |
| The Edge Apartments | One Bedroom | 1BR,1BA | $1,080 |
Best Value Apartments for Rent in St. Peter, MN and Nearby
As of July 29, 2026 the best value apartment in the St. Peter area is the $1.20 price per square foot 3 Bedroom 1.5 Bath Market Model at Dublin Road Townhomes in the in the City Center Mankato neighborhood starting from $1,525. The second greatest value St. Peter apartment is the Three Bedroom Model at Woodside Apartments starting at $1,615 with a $1.31 price per square foot in the Erlandson Park neighborhood. Here is today’s list of the best values for St. Peter apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.20 |
| Woodside Apartments | Three Bedroom | 3BR,2BA | $1.31 |
| Vista View Townhomes | 3 Bedroom Townhouse | 3BR,1.5BA | $1.08 |
| Rock Ridge Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.13 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| Welco West | 2 Bedroom | 2BR,1BA | $1.26 |
| Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.40 |
| Hillcrest Apartments | 2BD/1BA | 2BR,1BA | $1.22 |
| The Edge Apartments | One Bedroom | 1BR,1BA | $1.39 |
| Hoover Estates | 2/1 | 2BR,1BA | $1.41 |
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.
Best Local Schools in St. Peter, MN
St. Peter Senior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore St. Peter, MN Rentals by Map
See the most popular apartments and homes in St. Peter, MN
Frequently Asked Questions about Cheap St. Peter Apartments
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 $995 at Hillcrest 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 Vista View Townhomes and starts from $1,297.
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

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.