Cheap Homes for Rent in St. Peter, MN from $1,200 (20 Rentals)

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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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property at 960 N 3rd St

960 N 3rd St

St. PeterMN56082

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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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.

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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 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 ListingModel NameBed/BathPriced From
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
Le Sueur Apartments1 Bedroom1BR,1BA$895
Village Court Apartments2 Bed, 1 Bath (original)2BR,1BA$949
Greenfield Estates I & IIOne Bedroom Apartment1BR,1BA$1,025
Woodside ApartmentsStudioStudio,1BA$1,045

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

As of June 19, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Meadows TownhomesThree Bed - Market3BR,1.5BA$1.34
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.25
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
The Grove at MankatoB2C3BR,2BA$1.41
Cedar Meadow Apartments3BR3BR,1BA$1.35
River Bluff ApartmentsTwo Bedroom2BR,1BA$1.38
Southwood Flats1 Bed, 1 Bath (remodeled)1BR,1BA$1.49
Greenfield Estates I & IIOne Bedroom Apartment1BR,1BA$1.36
Village Court Apartments1 Bed, 1 Bath (renovated)1BR,1BA$1.37

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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Frequently Asked Questions about St. Peter

What type of rentals are currently available in St. Peter?

There are currently 67 Apartments for Rent in St. Peter, MN with pricing that ranges from $775 to $2,125. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in St. Peter ranging from $1,239 to $2,500.

What is the current price range for Rental Homes in St. Peter?

Today's rental pricing for Homes for Rent, Condos and Townhomes in St. Peter ranges from $1,239 to $2,500 with an average monthly rent of $1,800.

How much are larger Three and Four Bedroom Rentals in St. Peter?

For those who are looking for larger living arrangements, Three Bedroom Apartments in St. Peter range from $1,249 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,600.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.

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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.