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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

    901 N Highland Ave, New Ulm, MN 56073
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    Starting at $913 Plus Fees

    • 1 - 3 Beds

    1100 16th St N, New Ulm, MN 56073

    Linderhof Park Apartments – Comfortable Living in Charming New UlmWelcome home to Linderhof Park Apartments, a welcoming 56-unit community nestled in the heart of New Ulm, Minnesota. Our beautifully maintained property features four residential buildings surrounded by open green spaces and mature trees—perfect for relaxing or spending time outdoors.Enjoy convenient on-site

    LINDERHOF PARK APARTMENTS

    1100 16th St N, 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 $945 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
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 $37,800 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 $945 per month in New Ulm, MN, renters typically need to show $2,835 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 21.8, 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 Home Trends

Number of Homes for Rent
2
Median Rent
$945
Median Single Family Home Rent
$945
How to Rent a Home