Cheap Homes for Rent in Nelson, MN from $700 (15 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Nelson.

Nelson, MN Local Guide

Cheapest Available Nelson Apartments for Rent and Nearby

 

The cheapest available apartment rental in Nelson, MN is a Studio unit found at 806 W 5th St priced from $525. Natures Edge Partners LLC has the second lowest priced unit, which is a 1 Bed apartment currently listed from $701. Here is today’s list of the most affordable Nelson apartments for rent:

Apartment ListingModel NameBed/BathPriced From
806 W 5th StStudioStudio,1BA$525
Natures Edge Partners LLC1B1B MKT1BR,1BA$701
Oak Ridge Manor Senior 62+ ApartmentsOne Bedroom1BR,1BA$718
Meadowbrook ApartmentsOne Bedroom1BR,1BA$750
Westfield Apartments1 Bedroom HC1BR,1BA$768

Best Value Apartments for Rent in Nelson, MN and Nearby

As of April 16, 2025 the best value apartment in the Nelson area is the $1.06 price per square foot 3 Bedroom 2 Bathroom Model at The Legacy of Alexandria in the starting from $1,555. The second greatest value Nelson apartment is the 3B2B Model at Pheasant Run Apartments starting at $1,325 with a $1.10 price per square foot . Here is today’s list of the best values for Nelson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Legacy of Alexandria3 Bedroom 2 Bathroom3BR,2BA$1.06
Pheasant Run Apartments3B2B3BR,2BA$1.10
The Flats on 14thTwo Bedroom Two Bathroom2BR,2BA$1.48
Wobegon CrossingsMaple2BR,2BA$1.47
Cardinal Estates2 Bedroom 1 Bathroom2BR,1BA$1.06
Oak Knoll Complex2 Bed2BR,1BA$1.03
Oak Ridge Manor Senior 62+ ApartmentsOne Bedroom1BR,1BA$0.96
2nd Ave ApartmentsB.11BR,1BA$1.50
Meadowbrook ApartmentsOne Bedroom1BR,1BA$1.17
Natures Edge Partners LLC1B1B MKT1BR,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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Nelson

What type of rentals are currently available in Nelson?

There are currently 46 Apartments for Rent in Nelson, MN with pricing that ranges from $575 to $2,170. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Nelson ranging from $745 to $2,950.

What is the current price range for Rental Homes in Nelson?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Nelson ranges from $745 to $2,950 with an average monthly rent of $1,572.

How much are larger Three and Four Bedroom Rentals in Nelson?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Nelson range from $960 to $1,815, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,045 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,695.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords & Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.