Cheap Apartments for Rent in Lafayette, MN from $300 (74 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lafayette.

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251 6th St
1 to 2 Bedroom Apartments

251 6th St

251 6th StLafayette, MN 56054
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Highland Hills Apartments
$855 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$855 - $1,980

Total Monthly Price
$855 - $1,980
1 to 5 Bedroom Apartments Available Now

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
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  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Grove at Mankato
$970 - $1,829
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$940 - $1,799
Required Monthly Fees
$30

Total Monthly Price
$970 - $1,829
1 to 3 Bedroom Apartments Available Aug 14

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Village Court Apartments
$1,028 - $1,128
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,028 - $1,128

Total Monthly Price
$1,028 - $1,128
1 to 2 Bedroom Apartments Available Now

Village Court Apartments

1620 Village CtNorth Mankato, MN 56003
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Hoover Estates
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15

Total Monthly Price
$1,065
2 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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Woodside Apartments
$1,070 - $1,690
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,055 - $1,675
Required Monthly Fees
$15

Total Monthly Price
$1,070 - $1,690
Studio to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
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The Edge Apartments
Rent Specials
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
$30

Total Monthly Price
$1,080 - $1,330
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
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River Bluff Apartments
Rent Specials
$1,105 - $1,530
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,075 - $1,500
Required Monthly Fees
$30

Total Monthly Price
$1,105 - $1,530
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Augusta Park Estates
$1,120 - $1,899
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,120 - $1,899

Total Monthly Price
$1,120 - $1,899
Studio to 2 Bedroom Apartments Available Now

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
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The Alma
$1,167
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,137
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

The Alma

105 E Walnut StMankato, MN 56001
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STP Group, LLC (ROK)
$1,175 - $1,525
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,125 - $1,475
Required Monthly Fees
$50

Total Monthly Price
$1,175 - $1,525
1 to 2 Bedroom Apartments Contact Us For Availability

STP Group, LLC (ROK)

410 S Minnesota AveSt. Peter, MN 56082
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Legacy Park Estates
Rent Specials
$1,214 - $1,689
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,650
Required Monthly Fees
$39

Total Monthly Price
$1,214 - $1,689
1 to 3 Bedroom Apartments Available Aug 14

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
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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.

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Sunrise Manor
2 to 3 Bedroom Apartments

Sunrise Manor

500 Remmele St SWSleepy Eye, MN 56085
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Fairview Apartments
1 to 2 Bedroom Apartments

Fairview Apartments

11 Park St NFairfax, MN 55332
Senior Living
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Lewis Lofts
1 to 2 Bedroom Apartments

Lewis Lofts

209 Dewey StMankato, MN 56001
Senior Living
  • Utilities Included
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Southview Apartments
1 to 2 Bedroom Apartments

Southview Apartments

200 10th Ave SEFairfax, MN 55332
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Parkview Apartments
1 to 2 Bedroom Apartments

Parkview Apartments

424 2nd St NBrownton, MN 55312
Senior Living

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.

Lafayette, MN Local Guide

Cheapest Available Lafayette Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lafayette, MN is a 1 Bed unit found at 512 Vernon Ave priced from $595. Midway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Lafayette apartments for rent:

Apartment ListingModel NameBed/BathPriced From
512 Vernon AveOne Bedroom1BR,1BA$595
Midway Apartments1 Bed, 1 bath1BR,1BA$825
Key City Group, LLC (BT)1BR/1.0BA1BR,1BA$835
Hartshorn Manor1 Bed, 1 bath1BR,1BA$840
131 W 11th St1 Bedroom 1 Bath1BR,1BA$850
Town's Edge Estates1 Bedroom/1 Bath1BR,1BA$885
Le Sueur Apartments1 Bedroom1BR,1BA$895
Tiller+MainStudioStudio,1BA$900
219 6th St SWOne Bedroom1BR,1BA$900
Le Sueur MeadowsOne Bedroom1BR,1BA$945

Best Value Apartments for Rent in Lafayette, MN and Nearby

As of August 04, 2026 the best value apartment in the Lafayette area is the $1.20 price per square foot 3 Bedroom 1.5 Bath Market Model at Dublin Road Townhomes in the in the City Center Mankato neighborhood starting from $1,525. The second greatest value Lafayette apartment is the 3 Bedroom Townhouse Model at Vista View Townhomes starting at $1,297 with a $1.08 price per square foot . Here is today’s list of the best values for Lafayette apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Dublin Road Townhomes3 Bedroom 1.5 Bath Market3BR,1.5BA$1.20
Vista View Townhomes3 Bedroom Townhouse3BR,1.5BA$1.08
Rock Ridge Apartments2 Bedroom 2 Bath2BR,2BA$1.13
Key City Group, LLC (BT)2BR/1.0BA2BR,1BA$1.23
Town's Edge Estates2 Bedroom/2 Bath S2BR,1BA$1.18
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.21
512 Vernon AveTwo Bedroom2BR,1BA$0.87
219 6th St SWOne Bedroom1BR,1BA$1.20
Hartshorn Manor1 Bed, 1 bath1BR,1BA$1.12
131 W 11th St1 Bedroom 1 Bath1BR,1BA$1.18

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.

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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!

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Frequently Asked Questions about Cheap Lafayette Apartments

What is the Cheapest Studio apartment in Lafayette?

Currently the most affordable Cheap Studio Apartment in Lafayette is at Tiller+Main listed at $900.

How much is rent for a Cheap One Bedroom Lafayette Apartment?

The lowest price for a Cheap One Bedroom Lafayette Apartment is $595 at 512 Vernon Ave.

What is the lowest price for a Cheap Two Bedroom Lafayette Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lafayette is starting from $695 at 512 Vernon Ave.

What is the most affordable Lafayette Three Bedroom Apartment?

The best deal on a cheap Lafayette Three Bedroom Apartment rental is at Town's Edge Estates and starts from $1,145.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.