What is the average apartment size in New Ulm?

The average size for a New Ulm, MN apartment is 780 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in New Ulm?

As of Jan / 2026, the average rent in New Ulm is $960 per month, a 3.82% decrease from last years average of $998.

What is the average apartment size in New Ulm?

The typical apartment in New Ulm offers about 780 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

New Ulm, MN Rental Market Trends

Q: What's the typical rent budget in New Ulm?

The typical rent budget in New Ulm ranges from $1,001 to $1,500 per month, with 54% of rentals in this range.

Q: Do most people rent or own in New Ulm?

In New Ulm, 25% of households rent while 75% own their homes, based on the latest U.S. Census data.

Last updated: February 23, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in New Ulm is $960, a 3.82% decrease compared to the previous year, when the average rent was $998.

One-bedroom apartments provide 683 square feet for $839, balancing privacy and affordability.

Two-beedroom units at $1,388 offer 1,083 square feet, perfect for roommates or small families.

Average rent in New Ulm, MN

Last updated: February 23, 2026

	Average Rent	Average Apartment Size
All Rentals	$960	780 sq. ft.
Studio	n/a	n/a
1 Bed	$839	683 sq. ft.
2 Beds	$1,388	1,083 sq. ft.
3 Beds	n/a	n/a

New Ulm, MN rent trends

Rental prices in New Ulm, MN have decreased by 3.82% over the past year. The average rent moved from $998 to $960.

What's the typical rent budget in New Ulm, MN?

The largest share of rentals in New Ulm, MN (54%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in New Ulm, MN?

1,521 or 25% of the households in New Ulm, MN are renter-occupied while 4,467 or 75% are owner-occupied.

How New Ulm Compares to Other Cities

City	Average Rent
New Ulm	$960
Minneapolis	$1,687
St. Paul	$1,515
Moorhead	$1,081
Rochester	$1,642
St. Louis Park	$1,776
Bloomington	$1,676
Edina	$1,849
St. Cloud	$1,163
Minnetonka	$1,953
Burnsville	$1,576
Mankato, MN	$1,404
Eagle Lake, MN	$1,575
Saint Peter, MN	$1,325
North Mankato, MN	$1,146

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all New Ulm apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.