
Cheap Apartments for Rent in St. Peter, MN from $500 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in St. Peter.


Fairview Apartments

Total Monthly Price
407 Grace St, Unit Upper, Unit Upper

Vista View Townhomes

Traverse Green West

Welco West

Capital Lofts

810-824 Ronell St
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.

The Bungalows

Highland Hills Apartments

Glenwood Terrace

Le Sueur Apartments

Tiller+Main

Tiller Place

Village Court Apartments

Village Place Apartments of Mankato
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.

Total Monthly Price
River Bluff Apartments

Total Monthly Price
Hoover Estates

Total Monthly Price
Woodside Apartments

Greenfield Estates I & II

Total Monthly Price
The Edge Apartments

241 N Webster St

Southwood Flats

Total Monthly Price
Augusta Park Estates
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.

Total Monthly Price
Legacy Park Estates

Riverfront Court

Cedar Meadow Apartments

Total Monthly Price
Silos Apartments

Lewis Lofts

Hillside Court

633 S 2nd St

326 E Washington St
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.

Hillcrest Apartments

325 E Washington St

Le Sueur Meadows

418 Allan Ave

Northgate Townhomes

Haughton Estates

538 2nd St NW

2085 Carlson Dr
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

121 Lynn Ln

306 Louva 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 | $1,051 | $750 | $1,315 |
| St. Peter 1 Bedroom Apartments | $1,331 | $830 | $2,120 |
| St. Peter 2 Bedroom Apartments | $1,593 | $960 | $2,370 |
| St. Peter 3 Bedroom Apartments | $1,827 | $1,015 | $2,794 |
| St. Peter 4 Bedroom Apartments | $1,880 | $1,780 | $1,980 |
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 1 Bed unit found at Maplewood Apartments priced from $830. Lewis Lofts in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here is today’s list of the most affordable St. Peter apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Maplewood Apartments | 1 Bed, 1 bath | 1BR,1BA | $830 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Fairview Apartments | 1 Bedroom | 1BR,1BA | $865 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
| Tiller Place | Studio | Studio,1BA | $900 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| River Bluff Apartments | One Bedroom | 1BR,1BA | $1,030 |
| 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 April 29, 2026 the best value apartment in the St. Peter area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) 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 3 Bedroom 1.5 Bath Affordable Model at Dublin Road Townhomes starting at $1,633 with a $1.28 price per square foot in the City Center 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 | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.28 |
| Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.22 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.22 |
| Vista View Townhomes | 3 Bedroom Townhouse | 3BR,1.5BA | $1.08 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| Welco West | 2 Bedroom | 2BR,1BA | $1.21 |
| Maplewood Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.11 |
| Tiller Place | Studio | Studio ,1BA | $1.36 |
| Fairview Apartments | 1 Bedroom | 1BR,1BA | $1.32 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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 ArticleCash 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.
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
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 $830 at Maplewood 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 $1,000 at Le Sueur 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.