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New Ulm, MN Homes for Rent

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    Starting at $995 Plus Fees

    • Studio - 2 Beds

    901 N Highland Ave, New Ulm, MN 56073

    Experience the perfect blend of modern convenience and comfort at Highland Apartments in New Ulm, offering a variety of studio, one, and two-bedroom floor plans to suit your lifestyle. Every home features the ultimate convenience of private, in-unit laundry, while our building provides easy elevator access and the option for detached garage rentals. Residents can stay active on our on-site

    Highland Apartments

    (218) 322-0946

    901 N Highland Ave, New Ulm, MN 56073
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    $600 Plus Fees

    • 1 Bed
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    404 N Minnesota St Unit 4, New Ulm, MN 56073

    Property Id: 934663Updated 1 bedroom, 1 bath 2nd floor apartment features modern decor, nostalgic built-ins, & spacious rooms. Kitchen appliances include electric range/oven, & refrigerator. Coin washer/dryer is onsite and shared with other tenants. Hardwood flooring, security building, & off-street parking are a few of the amenities offered with this charmer! Located within walking

    (507) 479-5538

    404 N Minnesota St Unit 4, New Ulm, MN 56073
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    $945

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • Townhouse for Rent

    305 S Broadway St, New Ulm, MN 56073

    Large 1 bedroom plus huge second room/den, second-floor duplex apartment. Large, bright kitchen. Walk-in closets with ample storage. Natural woodwork and wood floors.Large backyard. Off street parking.$945/month includes heat. No dogs/No SmokingSecurity Deposit equal to one month's rent (collected at time of lease signing)12 month lease after that 60 days

    305 S Broadway St, New Ulm, MN 56073

Why Live in New Ulm

New Ulm, MN, a city of 14,000 residents, is deeply rooted in German heritage, evident in its orderly layout, downtown storefronts, and the iconic Glockenspiel clock tower. The city’s economy is bolstered by manufacturing plants like 3M, Kraft, and AMPI. New Ulm is renowned for its German cuisine and beer, with establishments like Kaiserhoff and the historic August Schell Brewing Company, the second-oldest family-owned brewery in the U.S. Downtown Minnesota Street features a variety of local businesses and restaurants, while big box stores are located along U.S. Route 14. Housing in New Ulm includes Dutch Colonial and Victorian architecture, with home prices significantly below the national median. The city celebrates its German culture with monthly festivals, including a highly ranked Oktoberfest. New Ulm’s Parks & Recreation Department maintains 28 facilities, including Hermann Heights Park and Flandrau State Park. The New Ulm Public School District offers a single pipeline of public schools, and Martin Luther College provides higher education opportunities. The city is safer than the national average, contributing to a strong sense of community. Highway 14’s recent upgrade to a four-lane highway improves access to Mankato, 30 miles away, while Minneapolis and its international airport are 95 miles from New Ulm.

Frequently Asked Questions

How much does it cost to rent a home in New Ulm, MN?
The median rent for a home in New Ulm, MN is $772 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in New Ulm, MN?
To comfortably afford the median rent in New Ulm, MN, a household needs to earn roughly $30,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $772 per month in New Ulm, MN, renters typically need to show $2,316 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in New Ulm, MN?
In New Ulm, MN, the price-to-rent ratio is 25.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Trends in New Ulm, MN

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$772
Median Single Family Home Rent
$945
Median Condo Rent
$600
How to Rent a Home