Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

New Ulm, MN

As of March 2026, New Ulm's rental market is stable, offering a predictable rental market where most units lease within a few weeks. New Ulm's average rent is 24.5% ($376) lower than the Minnesota average of $1,533 and 34.6% ($612) lower than the U.S. average of $1,769.

Average Rent

$1,157

Monthly ChangeMonth Over Month Change

9.2% ($97)

Yearly ChangeYear Over Year Change

9% ($96)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$973	8.7% ($78)	13.7% ($117)
2 Beds	$1,305	5% ($62)	24% ($253)
3 Beds	$1,607	3.3% ($52)	31.6% ($386)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

New Ulm Rental Market FAQs

Explore rental prices, market trends, and availability in New Ulm, MN.

What is the average rent in New Ulm, MN?

The average rent in New Ulm, MN is $1,157 per month.

What is the rental price range for homes in New Ulm, MN?

Homes in New Ulm typically rent for between $681 and $2,089 per month, with an average of $1,157 per month.

What is the average rent for different bedroom sizes in New Ulm, MN?

In New Ulm, the average rent for a 1-bedroom home is $973 per month, for a 2-bedroom home, $1,305 per month, and a 3-bedroom home is $1,607 per month.

How do rent prices in New Ulm, MN compare with the national average?

The average rent in New Ulm is 34.6% ($612) lower than the national average of $1,769 per month.

How have rent prices in New Ulm, MN changed recently?

The average rent in New Ulm has increased by 9.2% ($97) in the last month and increased by 9.0% ($96) over the past year.

How competitive is the rental market in New Ulm, MN?

The rental market in New Ulm, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.

How long do rentals stay on the market in New Ulm, MN?

In New Ulm, MN, the average rental stays on the market for approximately 43 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in New Ulm, MN?

There are currently 8 rental properties available in New Ulm, MN.

Can I afford to rent a home in New Ulm, MN?

Based on the current averages, a household would need an annual income of $52,200 to comfortably afford a 2-bedroom home in New Ulm.