Rentometer, Inc. | Data as of 10/22/2025
New Ulm, nestled along the Minnesota River, blends historic charm with a vibrant small‑city atmosphere. Known for its strong German heritage, the city showcases beautifully preserved architecture, lively cultural festivals, and a welcoming community spirit. Residents enjoy easy access to the scenic Red River Valley, a bustling downtown filled with boutique shops, local eateries, and historic sites like the Hermann Monument and the historic downtown district, making it an appealing destination for both families and young professionals.
The rental market in New Ulm centers on a range of quality apartments, with two‑bedroom units being especially popular among renters seeking space and convenience. Rent for a two‑bedroom apartment typically lands in the $850‑$900 range, reflecting the city’s balance of affordability and comfort. Apartment complexes are spread across several well‑established neighborhoods, including the Riverfront area, which offers convenient river views and easy bike trails, and the historic Midtown district, known for its tree‑lined streets and proximity to schools and shopping centers. While the market is dominated by apartments, the city’s overall housing options also accommodate single‑family homes and townhouses for those looking for a more traditional living arrangement.
Beyond housing, New Ulm provides a rich lifestyle with plentiful recreational opportunities. Outdoor enthusiasts can explore the extensive parks system, such as Pheasant Park and the Riverfront Trail, while cultural lovers can attend events at the Hermann Star Theatre or visit the John Deere House & Museum. Excellent schools, healthcare facilities, and a growing local economy further enhance the appeal of New Ulm rentals, making the city a desirable place to call home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 2 Bedroom | $854 | $913 | $700 - $950 | $700 - $950 |
In the current period, the average rent in New Ulm was
$854 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.