Cheap Apartments for Rent in New Ulm, MN from $500 (19 Rentals)

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

Search the lowest-cost Apartments available for rent right now in New Ulm.

close
View Me
200 10th Ave SE
1 to 2 Bedroom Apartments

200 10th Ave SE

200 10th Ave SEFairfax, MN 55332
Utilities inc.
close
View Me
Fairview Apartments
1 Bedroom Apartments

Fairview Apartments

11 Park St NFairfax, MN 55332
Utilities inc.
close
View Me
36 Jefferson Ave E
1 to 2 Bedroom Apartments

36 Jefferson Ave E

36 Jefferson Ave EGaylord, MN 55334

New Ulm, MN Local Guide

Cheapest Available New Ulm Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Ulm, MN is a 1 Bed unit found at Highland Hills Apartments in the University neighborhood priced from $775. 36 Jefferson Ave E has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable New Ulm apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
36 Jefferson Ave E1 Bed1BR,1BA$800
Red Skye Lofts1 Bedroom1BR,1BA$800
Le Sueur Apartments1 Bedroom1BR,1BA$895
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$924

Best Value Apartments for Rent in New Ulm, MN and Nearby

As of February 27, 2025 the best value apartment in the New Ulm area is the $1.13 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the North Industrial Mankato neighborhood starting from $1,995. The second greatest value New Ulm apartment is the 1x1 Model at 2209 White Oak Dr starting at $1,875 with a $1.11 price per square foot . Here is today’s list of the best values for New Ulm apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run TownhomesFox Run Townhomes3BR,2.5BA$1.13
2209 White Oak Dr1x13BR,2.5BA$1.11
Red Skye Lofts3 Bedroom3BR,1BA$0.91
Willow Creek TownhomesTwo Bed2BR,2.5BA$1.09
Dublin Road Townhomes3 Bedroom 1.5 Bath Accessible3BR,1.5BA$0.95
Greenfield Estates I & IIWaiting List 3BR3BR,1BA$1.20
Sleepy Eye Apartments Homes2 Bedroom 2 Bath2BR,2BA$1.26
501 4th St2 Bedroom2BR,2BA$1.05
Hoover Estates2/12BR,1BA$1.12
36 Jefferson Ave E1 Bed1BR,1BA$1.11

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

Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

decorative image of woman handing cat to small boy

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

Explore New Ulm, MN Rentals by Map

View MapNew Ulm, MN Apartments MapView MapNew Ulm, MN Rental Homes Map

Getting Around New Ulm, MN

Walk Score®

37 / 100

Car-Dependent

Most errands require a car

Bike Score®

56 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap New Ulm Apartments

What is the Cheapest Studio apartment in New Ulm?

Currently the most affordable Cheap Studio Apartment in New Ulm is at Woodside Apartments listed at $995.

How much is rent for a Cheap One Bedroom New Ulm Apartment?

The lowest price for a Cheap One Bedroom New Ulm Apartment is $775 at Highland Hills Apartments.

What is the lowest price for a Cheap Two Bedroom New Ulm Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Ulm is starting from $920 at Highland Hills Apartments.

What is the most affordable New Ulm Three Bedroom Apartment?

The best deal on a cheap New Ulm Three Bedroom Apartment rental is at Highland Hills Apartments and starts from $1,329.

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 What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.