Cheap Apartments for Rent in St. Peter, MN from $500 (41 Rentals)

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RoK Lofts
$1,175 - $1,525
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,125 - $1,475
Required Monthly Fees
$50

Total Monthly Price
$1,175 - $1,525
1 to 2 Bedroom Apartments Available Now

RoK Lofts

410 S Minnesota AveSt. Peter, MN 56082
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  • Customer Reviewed
  • 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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Maplewood Apartments
1 to 3 Bedroom Apartments

Maplewood Apartments

1320 N 5th 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
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Highland Hills Apartments
Rent Specials
$750 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750 - $1,980

Total Monthly Price
$750 - $1,980
Studio to 5 Bedroom Apartments Available Jun 15

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
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  • Customer Reviewed
  • Utilities Included

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.

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Hoover Estates
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15

Total Monthly Price
$1,065
2 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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  • Utilities Included
  • 3D Tour
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Woodside Apartments
$1,070 - $1,690
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,055 - $1,675
Required Monthly Fees
$15

Total Monthly Price
$1,070 - $1,690
Studio to 3 Bedroom Apartments Available Jun 15

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
Pet Friendly
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  • Utilities Included
  • 3D Tour
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The Edge Apartments
Rent Specials
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

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

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
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  • Customer Reviewed
  • Utilities Included
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River Bluff Apartments
Rent Specials
$1,100 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,070 - $1,300
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Outdoors
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  • Customer Reviewed
  • 3D Tour
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Augusta Park Estates
$1,120 - $1,899
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,120 - $1,899

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

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
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  • Utilities Included
  • 3D Tour

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.

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Legacy Park Estates
Rent Specials
$1,214 - $1,689
Total Monthly Price

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 Aug 13

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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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

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.

property at 305 S Broadway St

$945

Total Monthly Price

Total Monthly Price

Base Rent
$945

Total Monthly Price
$945

1 Bedroom, 1 Bath Townhome for Rent

Available Now

305 S Broadway St

New UlmMN56073
property at 412 N Cedar St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

412 N Cedar St

ChaskaMN55318
property at 325 E Washington St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

2 Bedroom, 1 Bath Condo for Rent

Available Now

325 E Washington St

MankatoMN56001
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Le Sueur Meadows
2 Bedroom Apartments

Le Sueur Meadows

417 Turril StLe Sueur, MN 56058
property at 815 N 4th St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

3 Bedroom, 1 Bath Condo for Rent

Available Aug 11

815 N 4th St

MankatoMN56001
property at 1611 5th Ave

$1,215

Total Monthly Price

Total Monthly Price

Base Rent
$1,215

Total Monthly Price
$1,215

1 Bedroom, 1 Bath Home for Rent

Available Now

1611 5th Ave

MankatoMN56001
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Northgate Townhomes
2 to 3 Bedroom Apartments

Northgate Townhomes

1010 Jace DrMankato, MN 56001
  • Utilities Included
property at 730 N Broad St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Condo for Rent

Available Sep 10

730 N Broad St

MankatoMN56001

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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Haughton Estates
2 Bedroom Apartments

Haughton Estates

1915 Haughton AveNorth Mankato, MN 56003

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 1 Bed unit found at Lewis Lofts in the University neighborhood priced from $855. Hillcrest 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 ListingModel NameBed/BathPriced From
Lewis Lofts1a1t1BR,1BA$855
Hillcrest Apartments1BD/1BA1BR,1BA$895
Le Sueur Apartments1 Bedroom1BR,1BA$895
Tiller+MainStudioStudio,1BA$900
Village Place Apartments of MankatoOne Bedroom1BR,1BA$900
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$928
Hoover Estates2/12BR,1BA$1,065
Greenfield Estates I & IIWaiting List - 1 Bedroom1BR,1BA$1,075
The Edge ApartmentsOne Bedroom1BR,1BA$1,080
River Bluff ApartmentsTwo Bedroom2BR,1BA$1,100

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

As of June 14, 2026 the best value apartment in the St. Peter area is the $1.13 price per square foot Fox Run Townhomes 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 Two Bedroom One Half Bathroom Model at Sibley Village Townhomes starting at $1,575 with a $1.16 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 TownhomesFox Run Townhomes2BR,2.5BA$1.13
Sibley Village TownhomesTwo Bedroom One Half Bathroom2BR,1.5BA$1.16
Vista View Townhomes3 Bedroom Townhouse3BR,1.5BA$1.08
Rock Ridge Apartments2 Bedroom 1 Bath2BR,1BA$1.14
Cedar Meadow Apartments3BR3BR,1BA$1.40
The Edge ApartmentsOne Bedroom1BR,1BA$1.39
Hoover Estates2/12BR,1BA$1.41
Village Court Apartments1 Bed, 1 Bath (renovated)1BR,1BA$1.41
Village Place Apartments of MankatoOne Bedroom1BR,1BA$1.27
Lewis Lofts1a1t1BR,1BA$1.38

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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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 Tiller+Main listed at $900.

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

The lowest price for a Cheap One Bedroom St. Peter Apartment is $855 at Lewis Lofts.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.