
Cheap Apartments for Rent in St. Peter, MN from $500 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in St. Peter.


Vista View Townhomes

RoK Lofts

Traverse Green Apartments

Capital Lofts
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.

Highland Hills Apartments

Le Sueur Apartments

Tiller+Main

Village Place Apartments

College Station

Glenwood Terrace
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.

Village Court Apartments

Augusta Park Estates

Woodside Apartments

Total Monthly Price
Hoover Estates

Greenfield Estates I & II

Riverfront Court

Dublin Road Townhomes
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.

Southwood Flats

The Forde

633 S 2nd St

114 Lynn Ln
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

418 Allan Ave

47 Wood Dr

123 Jaybee Ln
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 | $1,013 | $750 | $1,300 |
| St. Peter 1 Bedroom Apartments | $1,517 | $830 | $2,146 |
| St. Peter 2 Bedroom Apartments | $1,633 | $950 | $2,396 |
| St. Peter 3 Bedroom Apartments | $1,900 | $1,242 | $2,830 |
| St. Peter 4 Bedroom Apartments | $1,784 | $1,600 | $1,880 |
Browse Top Apartments in St. Peter
See all Apartments in St. PeterExplore St. Peter
St. Peter, MN Local Guide
- Nearby Cities
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Cheapest Available St. Peter Apartments for Rent and Nearby
 The cheapest available apartment rental in St. Peter, MN is a Studio unit found at Highland Hills Apartments in the University neighborhood priced from $750. Le Sueur Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable St. Peter apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Hills Apartments | Studio | Studio,1BA | $750 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
| Tiller Place | Studio | Studio,1BA | $900 |
| College Station | 1 Bedroom | 1BR,1BA | $931 |
| Welco West | Studio | 1BR,1BA | $950 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $950 |
| Village Place Apartments | 1 BR Large W/Den | 1BR,1BA | $975 |
| Woodside Apartments | Studio | Studio,1BA | $1,055 |
| Greenfield Estates I & II | Waiting List - 1 Bedroom | 1BR,1BA | $1,075 |
Best Value Apartments for Rent in St. Peter, MN and Nearby
As of October 28, 2025 the best value apartment in the St. Peter area is the $1.19 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value St. Peter apartment is the Three Bedroom Model at Wolf Point Townhomes starting at $1,965 with a $1.28 price per square foot in the North Industrial Mankato 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. |
|---|---|---|---|
| Fox Run Townhomes | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| Wolf Point Townhomes | Three Bedroom | 3BR,2.5BA | $1.28 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.14 |
| Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.34 |
| Vista View Townhomes | 3 Bedroom Townhouse | 3BR,1.5BA | $1.03 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.28 |
| Village Court Apartments | 2 Bed, 1 Bath (renovated) | 2BR,1BA | $1.30 |
| Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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
Getting Around St. Peter, MN
Walk Score®
42 / 100
Car-Dependent
Most errands require a car
Bike Score®
45 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $830 at Highland Hills 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 $950 at Glenwood Terrace.
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 $1,242.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.





