
Cheap Apartments for Rent in the Downtown Stillwater Neighborhood of Stillwater, MN from $900 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Stillwater area of Stillwater.


1624 Greeley St S

Oak Park Heights Apartments

Lily Lake Terrace

Cottages of Stillwater
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.

Green Twig Villas - A 55 Plus Community

Raymie Johnson 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.
Downtown Stillwater, Stillwater, MN Local Guide

How much does it cost to rent an apartment in Downtown Stillwater?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Stillwater Studio Apartments | $1,620 | $975 | $2,265 |
| Downtown Stillwater 1 Bedroom Apartments | $1,876 | $912 | $3,215 |
| Downtown Stillwater 2 Bedroom Apartments | $1,544 | $1,225 | $1,788 |
| Downtown Stillwater 3 Bedroom Apartments | $1,941 | $1,765 | $2,065 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Downtown Stillwater Neighborhood of Stillwater, MN.
See all Apartments in StillwaterExplore Stillwater
Downtown Stillwater, Stillwater, MN Local Guide
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Cheapest Available Downtown Stillwater Apartments for Rent
 The cheapest available apartment rental in the Downtown Stillwater area of Stillwater, MN is a 2 Beds unit found at Cottages of Stillwater priced from $1,250. Lily Lake Terrace has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,270. Here are the most affordable Downtown Stillwater apartments for rent in Stillwater, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cottages of Stillwater | Two Bedroom B | 2BR,1BA | $1,250 |
| Lily Lake Terrace | Two Bedroom C | 2BR,1BA | $1,270 |
| Stonebridge Apartments | 2BR/1.0BA | 2BR,1BA | $1,319 |
Best Value Apartments for Rent in Downtown Stillwater, MN
As of December 07, 2025 the best value apartment in the Downtown Stillwater area is the $1.31 price per square foot Two Bedroom C Model at Lily Lake Terrace in the in the Settlers Glen neighborhood starting from $1,270. The second greatest value Downtown Stillwater apartment is the Two Bedroom A Model at Cottages of Stillwater starting at $1,305 with a $1.56 price per square foot in the Settlers Glen neighborhood. Here is today’s list of the best values for Downtown Stillwater apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lily Lake Terrace | Two Bedroom C | 2BR,1BA | $1.31 |
| Cottages of Stillwater | Two Bedroom A | 2BR,1BA | $1.56 |
| Stonebridge Apartments | 2BR/1.0BA | 2BR,1BA | $1.65 |
| Curve Crest Villas | 1 Bedroom TXC | 1BR,1BA | $1.88 |
| Miller Apartments | The Bloomer | Studio ,1BA | $4.20 |
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.
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 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.
Pet Friendly LifestyleDowntown stillwater, Stillwater, MN
Ranked #2
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Downtown Stillwater Neighborhood in Stillwater, MN
Walk Score®
71 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
48 / 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 Downtown Stillwater Apartments
What is the price of a cheap apartment in Downtown Stillwater?
The cheapest apartment in Downtown Stillwater is Curve Crest Villas which is listed at $1,365, while the average apartment in Downtown Stillwater costs $1,995.
What types of apartments are the cheapest in Downtown Stillwater?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4 regular apartments in Downtown Stillwater that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.


