Cheap Apartments for Rent in St. Peter, MN from $500 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in St. Peter.

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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The Bungalows
1 to 2 Bedroom Apartments

The Bungalows

1571 Aspen DrSt. Peter, MN 56082
  • 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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River Bluff Apartments
$1,030 - $1,580
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $1,550
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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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 Contact Us For Availability

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
55+ Active Adult
  • Verified
  • Utilities Included
  • Low Income
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Woodside Apartments
$1,070 - $1,615
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,055 - $1,600
Required Monthly Fees
$15

Total Monthly Price
$1,070 - $1,615
Studio to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
Family Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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The Edge Apartments
$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 Jun 5

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 241 N Webster St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

241 N Webster St

KasotaMN56050
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Augusta Park Estates
Rent Specials
$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
  • Verified
  • Utilities Included
  • 3D Tour

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.

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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 Now

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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Silos Apartments
$1,374 - $1,824
Total Monthly Price

Total Monthly Price

Base Rent
$1,319 - $1,769
Required Monthly Fees
$55

Total Monthly Price
$1,374 - $1,824
1 to 2 Bedroom Apartments Available Now

Silos Apartments

302 N 2nd StMankato, MN 56001
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 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
property at 633 S 2nd St

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Condo for Rent

Available Apr 30

633 S 2nd St

MankatoMN56001
property at 326 E Washington St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Jun 5

326 E Washington St

MankatoMN56001

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.

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Hillcrest Apartments
1 to 2 Bedroom Apartments

Hillcrest Apartments

500 Boright StLe Sueur, MN 56058
  • Utilities Included
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 418 Allan Ave

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Condo for Rent

Available Now

418 Allan Ave

North MankatoMN56003
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Northgate Townhomes
2 to 3 Bedroom Apartments

Northgate Townhomes

1010 Jace DrMankato, MN 56001
  • Utilities Included
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Haughton Estates
2 Bedroom Apartments

Haughton Estates

1915 Haughton AveNorth Mankato, MN 56003
property at 538 2nd St NW

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Condo for Rent

Available Now

538 2nd St NW

FaribaultMN55021
property at 2085 Carlson Dr

$1,395 - $1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 To 2 Bedroom Rentals

Available Aug 1

2085 Carlson Dr

North MankatoMN56003

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.

property at 121 Lynn Ln

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

121 Lynn Ln

MankatoMN56001
property at 306 Louva Ln

$1,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom, 2 Bath Home for Rent

Available Now

306 Louva Ln

MankatoMN56001

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 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 ListingModel NameBed/BathPriced From
Maplewood Apartments1 Bed, 1 bath1BR,1BA$830
Lewis Lofts1a1t1BR,1BA$855
Fairview Apartments1 Bedroom1BR,1BA$865
Glenwood Terrace1 BR/1 BA1BR,1BA$880
Le Sueur Apartments1 Bedroom1BR,1BA$895
Tiller+MainStudioStudio,1BA$900
Tiller PlaceStudioStudio,1BA$900
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$928
River Bluff ApartmentsOne Bedroom1BR,1BA$1,030
Greenfield Estates I & IIWaiting List - 1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run Townhomes3 bed 2.5 bath (Exterior)3BR,2.5BA$1.19
Dublin Road Townhomes3 Bedroom 1.5 Bath Affordable3BR,1.5BA$1.28
Fox Meadows TownhomesThree Bed - Market3BR,1.5BA$1.22
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.22
Vista View Townhomes3 Bedroom Townhouse3BR,1.5BA$1.08
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
Welco West2 Bedroom2BR,1BA$1.21
Maplewood Apartments1 Bed, 1 bath1BR,1BA$1.11
Tiller PlaceStudioStudio ,1BA$1.36
Fairview Apartments1 Bedroom1BR,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.

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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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The 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.

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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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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore St. Peter, MN Rentals by Map

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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 $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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.