
Cheap Homes for Rent in Kensington, MN from $300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Kensington.


902 1st St S
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.

500 1st Ave S

415 12th Ave E, Unit Main Level Private Room 1
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

619 S Union Ave

309 9th St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

308 8th St

605 30th Ave W
Kensington, MN Local Guide

How much does it cost to rent a home in Kensington?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Kensington 2 Bedroom Homes for Rent | $1,091 | $300 | $1,750 |
Kensington 3 Bedroom Homes for Rent | $1,451 | $1,045 | $1,850 |
Kensington 4 Bedroom Homes for Rent | $1,598 | $950 | $2,500 |
Browse Top Homes for Rent in Kensington
Explore Kensington
Kensington, MN Local Guide
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Cheapest Available Kensington Apartments for Rent and Nearby
 The cheapest available apartment rental in Kensington, MN is a 2 Beds unit found at Natures Edge Partners LLC priced from $25. Spruce Place Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $765. Here is today’s list of the most affordable Kensington apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Natures Edge Partners LLC | 2B1B Subsidy | 2BR,1BA | $25 |
Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR,1BA | $765 |
Westfield Apartments | 1 Bedroom HC | 1BR,1BA | $768 |
Best Value Apartments for Rent in Kensington, MN and Nearby
As of May 12, 2025 the best value apartment in the Kensington area is the $1.10 price per square foot 3B2B Model at Pheasant Run Apartments in the starting from $1,325. The second greatest value Kensington apartment is the 2 Bedroom 1 Bathroom Model at River Bluff Apartments starting at $1,005 with a $1.01 price per square foot . Here is today’s list of the best values for Kensington apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Pheasant Run Apartments | 3B2B | 3BR,2BA | $1.10 |
River Bluff Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.01 |
Bridgewater Estates | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.32 |
Hatchery Row | One Bedroom/ One Bathroom | 1BR,1BA | $1.56 |
Cardinal Estates | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.06 |
Oak Knoll Complex | 2 Bed | 2BR,1BA | $1.03 |
Spruce Place Apartments | 2 Bedroom | Laurel Place | 2BR,1BA | $0.85 |
Colonial Village Apartments | Colonial: 2 Bedroom Apt | 2BR,1BA | $1.23 |
Granite Manor/Runestone | One bedroom/ One bathroom | 1BR,1BA | $1.63 |
Natures Edge Partners LLC | 1B1B MKT | 1BR,1BA | $1.52 |
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.
Frequently Asked Questions about Kensington
What type of rentals are currently available in Kensington?
There are currently 46 Apartments for Rent in Kensington, MN with pricing that ranges from $600 to $2,170. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Kensington ranging from $275 to $2,500.
What is the current price range for Rental Homes in Kensington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Kensington ranges from $275 to $2,500 with an average monthly rent of $1,077.
How much are larger Three and Four Bedroom Rentals in Kensington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Kensington range from $1,000 to $1,815, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,045 to $1,850. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,245.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.