Cheap Apartments for Rent in St. Peter, MN from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in St. Peter.
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.

Highland Hills Apartments

Glenwood Terrace

College Station

Le Sueur Apartments

Village Court Apartments
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.

The Grove at Mankato
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.

River Bluff Apartments
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 | $1,085 | $925 | $1,315 |
St. Peter 1 Bedroom Apartments | $1,256 | $775 | $1,895 |
St. Peter 2 Bedroom Apartments | $1,440 | $900 | $2,250 |
St. Peter 3 Bedroom Apartments | $1,583 | $1,249 | $2,095 |
St. Peter 4 Bedroom Apartments | $1,707 | $1,600 | $1,880 |
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 Highland Hills Apartments in the University neighborhood priced from $775. 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 | Elm Tree Court | 1BR,1BA | $775 |
Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
Village Court Apartments | 2 Bed, 1 Bath (original) | 2BR,1BA | $949 |
Greenfield Estates I & II | One Bedroom Apartment | 1BR,1BA | $1,025 |
Woodside Apartments | Studio | Studio,1BA | $1,045 |
Best Value Apartments for Rent in St. Peter, MN and Nearby
As of June 12, 2025 the best value apartment in the St. Peter area is the $1.34 price per square foot Three Bed - Market Model at Fox Meadows Townhomes in the starting from $1,650. The second greatest value St. Peter apartment is the Three Bedroom 1.75 Bathroom Model at Legacy Park Estates starting at $1,525 with a $1.25 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.34 |
Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.25 |
Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.23 |
Traverse Green Apartments | 2x1.75 | 2BR,1BA | $1.35 |
Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
Southwood Flats | 2 Bed, 1 Bath (remodeled) | 2BR,1BA | $1.31 |
The Edge Apartments | Two Bedroom | 2BR,1BA | $1.22 |
Cedar Meadow Apartments | 3BR | 3BR,1BA | $1.35 |
Greenfield Estates I & II | One Bedroom Apartment | 1BR,1BA | $1.36 |
Village Court Apartments | 1 Bed, 1 Bath (renovated) | 1BR,1BA | $1.37 |
Quick Rent Budget Calculator
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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®
43 / 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 Woodside Apartments listed at $1,045.
How much is rent for a Cheap One Bedroom St. Peter Apartment?
The lowest price for a Cheap One Bedroom St. Peter Apartment is $775 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 $949 at Village Court 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 Cedar Meadow Apartments and starts from $1,249.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.