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New Ulm, MN Homes for Rent

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  • /6

    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
  • /6

    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
  • /4

    $1,300 Plus Fees

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    110 N Minnesota St Unit 1, New Ulm, MN 56073

    Property Id: 1358661 Completely remodeled 1 bedroom in historic Herberger blg. in downtown New Ulm. Large rooms with high ceilings, open spaces, vinyl plank flooring. Walk to your favorite restaurant/bar or retail store. ALL UTILITIES AND INTERNET INCLUDED. Write one check and you’re done. On site laundry and off street parking. Contact today for a showing.

    110 N Minnesota St Unit 1, New Ulm, MN 56073
  • /19

    $1,950

    Total Monthly Price

    • 4 Beds
    • 2.5 Baths
    • 3,000 Sq Ft
    • House for Rent

    817 5th St S Unit 817 S 5th, New Ulm, MN 56073

    This spacious 4-bedroom, 2.5-bathroom home at 817 5th St S offers 3,000 square feet of living space. The living room features ample natural light and provides a comfortable area for relaxation. The kitchen is equipped with essential appliances and connects to a dining area suitable for family meals. Each of the four bedrooms offers sufficient space, with a bonus room, half bathroom, den, and

    817 5th St S Unit 817 S 5th, New Ulm, MN 56073
  • /36

    $1,450 - $1,700

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,166 Sq Ft
    • Condo for Rent

    1 N Minnesota St, New Ulm, MN 56073

    Welcome to Chamberplatz, a beautifully restored historic property offering modern apartment living in the heart of downtown New Ulm. Thoughtfully renovated with quality finishes and modern amenities, Chamberplatz blends timeless character with contemporary comfort.Residents enjoy spacious floor plans, stainless steel appliances, in-unit laundry, individual heating and air conditioning,

    1 N Minnesota St, New Ulm, MN 56073
  • /36

    $1,450 - $1,700

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,166 Sq Ft
    • Condo for Rent

    1 N Minnesota St, New Ulm, MN 56073

    Welcome to Chamberplatz, a beautifully restored historic property offering modern apartment living in the heart of downtown New Ulm. Thoughtfully renovated with quality finishes and modern amenities, Chamberplatz blends timeless character with contemporary comfort.Residents enjoy spacious floor plans, stainless steel appliances, in-unit laundry, individual heating and air conditioning,

    1 N Minnesota 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 $1,625 per month, though prices vary by neighborhood, size, and property type. As of August 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 $65,000 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 $1,625 per month in New Ulm, MN, renters typically need to show $4,875 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 12.8, 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
6
Median Rent
$1,625
Median Single Family Home Rent
$1,950
Median Condo Rent
$1,300
How to Rent a Home