Cheap Apartments for Rent in Lake Benton, MN from $300 (65 Rentals)

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

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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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
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Westside Apartments
1 to 2 Bedroom Apartments

Westside Apartments

1851 26th StSlayton, MN 56172
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Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
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Horizon Apartments
1 to 3 Bedroom Apartments

Horizon Apartments

3520 N 4th AveSioux Falls, SD 57104

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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City Centre Apartments
Studio to 3 Bedroom Apartments

City Centre Apartments

109 E Luverne StLuverne, MN 56156
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Turning Leaf
1 to 2 Bedroom Apartments

Turning Leaf

1311 N Cleveland AveSioux Falls, SD 57103
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Westmar Apartments
1 to 2 Bedroom Apartments

Westmar Apartments

1002-1003 Pearl AveMarshall, MN 56258
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Eagle Creek Apartments
Studio to 3 Bedroom Apartments

Eagle Creek Apartments

106 S Sandstone AveBrandon, SD 57005
Corporate Housing

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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Lake Benton, MN Local Guide

Cheapest Available Lake Benton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Benton, MN is a Studio unit found at Ridgeview Place Apartments in the Mystic Meadows neighborhood priced from $599. Egan Avenue Residence has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Lake Benton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview Place Apartments0BR/1.0BAStudio,1BA$599
Egan Avenue ResidenceBedroom C1BR,1BA$645
Horizon ApartmentsThree Bedroom3BR,2BA$668
Turning Leaf ApartmentsBeautiful Beginnings at Turning Leaf: 1 Bedroom...1BR,1BA$699
Suite Liv'n - MarshallOne Bedroom1BR,1BA$775
University Hills VillageUnit Type K3 - Studio/1 BA - Non SmokingStudio,1BA$825
Lofts at Park HillStudio - AStudio,1BA$890
The Nexus233 - TIF - Studio AStudio,1BA$895
Foss Fields ApartmentsThe Willow1BR,1BA$895
Hoppe Properties620 #101 and #102 - 2 BD, 1 BA2BR,1BA$899

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

As of June 12, 2026 the best value apartment in the Lake Benton area is the $1.01 price per square foot 3 Bedroom 2.5 Bathroom Townhome Model at Pinnacle Townhomes in the in the Northwest Sioux Falls neighborhood starting from $1,865. The second greatest value Lake Benton apartment is the 2 Bedroom Model at Lake Area Townhomes starting at $1,285 with a $1.03 price per square foot . Here is today’s list of the best values for Lake Benton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle Townhomes3 Bedroom 2.5 Bathroom Townhome3BR,2.5BA$1.01
Lake Area Townhomes2 Bedroom2BR,2.5BA$1.03
The AtlasUpper Level- 3 Bedroom 2 Bathroom3BR,2BA$1.13
Horizon ApartmentsThree Bedroom3BR,2BA$0.59
Marion Crossing Apartments2 Bed 1 Bath Apartment2BR,1BA$1.02
Aspen Ridge Reserve3 Bedroom 2 Bathroom Apartment3BR,2BA$1.15
Hoppe Properties620 #101 and #102 - 2 BD, 1 BA2BR,1BA$0.86
Joslyn Heights Apartments2 Bed 2 Bath Apartment2BR,2BA$1.17
Bentley Park1 Bedroom 1 Bathroom Lower Level1BR,1BA$1.08
Turning Leaf ApartmentsBeautiful Beginnings at Turning Leaf: 1 Bedroom...1BR,1BA$1.17

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!

Explore Lake Benton, MN Rentals by Map

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See the most popular apartments and homes in Lake Benton, MN

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Frequently Asked Questions about Cheap Lake Benton Apartments

What is the Cheapest Studio apartment in Lake Benton?

Currently the most affordable Cheap Studio Apartment in Lake Benton is at Ridgeview Place Apartments listed at $599.

How much is rent for a Cheap One Bedroom Lake Benton Apartment?

The lowest price for a Cheap One Bedroom Lake Benton Apartment is $645 at Egan Avenue Residence.

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

Today's best deal for a Cheap Two Bedroom Apartment in Lake Benton is starting from $799 at Turning Leaf Apartments.

What is the most affordable Lake Benton Three Bedroom Apartment?

The best deal on a cheap Lake Benton Three Bedroom Apartment rental is at Horizon Apartments and starts from $668.

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.

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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.

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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.

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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.