Cheap Apartments for Rent in St. Peter, MN from $500 (14 Rentals)

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

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Fairview Apartments
1 to 3 Bedroom Apartments

Fairview Apartments

720 Ronell StSt. 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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The Grove at Mankato
$975 - $1,849
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$925 - $1,799
Required Monthly Fees
$50

Total Monthly Price
$975 - $1,849
1 to 3 Bedroom Apartments Available Now

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Active Lifestyle
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  • Customer Reviewed
  • Matterport 3D Tour
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College Station
Rent Specials
$931 - $2,135
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$931 - $2,135

Total Monthly Price
$931 - $2,135
1 to 5 Bedroom Apartments Contact Us For Availability

College Station

1341 Pohl RdMankato, MN 56001
Student Housing
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  • Customer Reviewed
  • Utilities Included
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Hillside Court
1 to 2 Bedroom Apartments

Hillside Court

220 Risedorph StLe Sueur, MN 56058
  • Utilities Included
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Hillcrest Apartments
1 to 2 Bedroom Apartments

Hillcrest Apartments

500 Boright 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.

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Le Sueur Meadows
2 Bedroom Apartments

Le Sueur Meadows

417 Turril StLe Sueur, MN 56058

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 Studio unit found at Highland Hills Apartments in the University neighborhood priced from $750. Southwood Flats in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $874. Here is today’s list of the most affordable St. Peter apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland Hills ApartmentsStudioStudio,1BA$750
Southwood Flats1 Bed, 1 Bath (original)1BR,1BA$874
Village Place Apartments1 BR Small Floor Plan1BR,1BA$875
Le Sueur Apartments1 Bedroom1BR,1BA$895
Tiller+MainStudioStudio,1BA$900

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

As of September 11, 2025 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 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run Townhomes3 bed 2.5 bath (Exterior)3BR,2.5BA$1.19
Wolf Point TownhomesThree Bedroom3BR,2.5BA$1.28
Fox Meadows TownhomesThree Bed - Market3BR,1.5BA$1.34
Augusta Commons3 Bedroom 2 Bath3BR,2BA$1.27
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
300 Jefferson Ave300 Jefferson Ave2BR,1BA$1.15
Glenwood Terrace2 BR/ 1 BA2BR,1BA$1.14
The Edge ApartmentsOne Bedroom1BR,1BA$1.36
Greenfield Estates I & IIWaiting List 1BR1BR,1BA$1.36
Tiller PlaceStudioStudio ,1BA$1.36

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

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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

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 $895 at Le Sueur 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 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.

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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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.