21

Newest Homes for Rent in New Ulm, MN

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  • /5

    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
  • /11

    $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
  • /12

    $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

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

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