Cheap Homes for Rent in Eagle Lake, MN from $900 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in Eagle Lake.

property at 305 S Broadway St

$945

Total Monthly Price

Total Monthly Price

Base Rent
$945

Total Monthly Price
$945

1 Bedroom, 1 Bath Townhome for Rent

Available Now

305 S Broadway St

New UlmMN56073
property at 325 E Washington St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

2 Bedroom, 1 Bath Condo for Rent

Available Now

325 E Washington St

MankatoMN56001
property at 240 E Rice St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Townhome for Rent

Available Jul 10

240 E Rice St

OwatonnaMN55060

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 815 N 4th St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

3 Bedroom, 1 Bath Condo for Rent

Available Aug 11

815 N 4th St

MankatoMN56001
property at 1611 5th Ave

$1,215

Total Monthly Price

Total Monthly Price

Base Rent
$1,215

Total Monthly Price
$1,215

1 Bedroom, 1 Bath Home for Rent

Available Now

1611 5th Ave

MankatoMN56001
property at 624 E Hawthorne St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Home for Rent

Available Now

624 E Hawthorne St

Albert LeaMN56007

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

property at 730 N Broad St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Condo for Rent

Available Sep 10

730 N Broad St

MankatoMN56001

Eagle Lake, MN Local Guide

Cheapest Available Eagle Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Eagle Lake, MN is a 1 Bed unit found at 442 Belgrade Ave in the City Center Mankato neighborhood priced from $835. Lewis Lofts in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here is today’s list of the most affordable Eagle Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
442 Belgrade AveOne Bedroom1BR,1BA$835
Lewis Lofts1a1t1BR,1BA$855
Le Sueur Apartments1 Bedroom1BR,1BA$895

Best Value Apartments for Rent in Eagle Lake, MN and Nearby

As of June 15, 2026 the best value apartment in the Eagle Lake area is the $1.13 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $1,995. The second greatest value Eagle Lake apartment is the 2 Bedroom 1 Bath Model at Tartan Glen starting at $1,550 with a $1.22 price per square foot in the University neighborhood. Here is today’s list of the best values for Eagle Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run TownhomesFox Run Townhomes2BR,2.5BA$1.13
Tartan Glen2 Bedroom 1 Bath2BR,1BA$1.22
Pfau Reed Apartments2 Beds, 1 bath2BR,1BA$1.02
Huntington Hills Apartments & Townhomes2 Bedroom Apartment2BR,1BA$1.37
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.21
442 Belgrade AveOne Bedroom1BR,1BA$1.04
The Edge ApartmentsOne Bedroom1BR,1BA$1.39
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
Village Place Apartments of MankatoOne Bedroom1BR,1BA$1.27
Lewis Lofts1a1t1BR,1BA$1.38

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Eagle Lake, MN Rentals by Map

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Frequently Asked Questions about Eagle Lake

What type of rentals are currently available in Eagle Lake?

There are currently 73 Apartments for Rent in Eagle Lake, MN with pricing that ranges from $750 to $2,794. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Eagle Lake ranging from $945 to $2,995.

What is the current price range for Rental Homes in Eagle Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Eagle Lake ranges from $945 to $2,995 with an average monthly rent of $1,777.

How much are larger Three and Four Bedroom Rentals in Eagle Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Eagle Lake range from $1,299 to $2,794, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,324 and Four Bedroom Apartments start at $1,780.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.