Rentometer, Inc. | Data as of 10/22/2025
New Ulm’s metro rental market blends historic charm with modern convenience, offering a variety of housing choices that appeal to young professionals, families, and retirees alike. The city’s vibrant downtown—anchored by the iconic Cathedral of the Holy Trinity and the bustling historic district—features an assortment of renovated apartments within walking distance of boutique shops, cafés, and the scenic Minnesota River. Suburban neighborhoods such as River Run and Hillview provide quieter, family‑friendly streets while still delivering easy access to the city’s cultural events, including the annual Bavarian Fest and the historic Rosenberg Trail.
Apartment rentals dominate the market, with one‑bedroom units typically priced in the $800s and a median around the $1,000 mark, making them an attractive option for individuals seeking affordability without sacrificing location. Two‑bedroom apartments command slightly higher rates, averaging just above $1,000 with median rents near $950, offering ample space for small families or roommates. Though single‑family homes are less common in the current data set, they remain a valuable choice for those who desire more privacy and yard space, often situated near top‑rated schools and recreational parks like Woodland Hills.
Overall, New Ulm’s rental landscape reflects a balanced mix of historic allure and contemporary amenities, supported by a strong community vibe and convenient access to outdoor recreation along the Minnesota River Valley. Prospective renters can expect a welcoming environment, diverse housing options, and competitive rent levels that align with the city’s reputation for affordability and quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $859 | $854 | $610 - $1,120 | $709 - $1,120 |
| Apartment | 2 Bedroom | $1,017 | $950 | $700 - $1,275 | $913 - $1,250 |
In the current period, the average rent in New Ulm, MN was $860 for 1 Bedroom, $1,018 for 2 Bedroom, and $1,193 for 3 Bedroom.
Data provided by Rentometer, Inc.