Cheap Apartments for Rent in Lake Benton, MN from $300 (66 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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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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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
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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Westmar Apartments
1 to 2 Bedroom Apartments

Westmar Apartments

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

Eagle Creek Apartments

106 S Sandstone AveBrandon, SD 57005
Corporate Housing
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Briarwood Estates
1 to 3 Bedroom Apartments

Briarwood Estates

1001 Pearl AveMarshall, MN 56258

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

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. RC Square Apartments in the Downtown Marshall neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $625. 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
RC Square Apartments2 Bedroom2BR,1BA$625
Horizon ApartmentsThree Bedroom3BR,2BA$668
Turning LeafBeautiful Beginnings at Turning Leaf. 1 bedroom...1BR,1BA$699
Aspen Ridge ReserveStudio ApartmentStudio,1BA$740
Suite Liv'n - MarshallOne Bedroom1BR,1BA$775
University Hills VillageUnit Type K3 - Studio/1 BA - Non SmokingStudio,1BA$850
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$870
Foss Fields AscentThe Willow1BR,1BA$875
Circle Pines Apartments1 Bed, 1 bath1BR,1BA$875

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

As of April 28, 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 PIIB Model at Lake Area Townhomes starting at $1,590 with a $0.99 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 Bedroom PIIB2BR,2BA$0.99
100 W 10th St3x23BR,2BA$1.00
Bentley Park1 Bedroom 1 Bathroom Lower Level1BR,1BA$1.05
RC Square Apartments2 Bedroom2BR,1BA$0.70
Ridgeview Place Apartments1 Bedroom, 1 Bath Unit1BR,1BA$1.11
Horizon ApartmentsTwo Bedroom2BR,1BA$0.93
Benson Village Townhomes1 Bedroom, 1 Bathroom1BR,1BA$1.18
Marion Crossing Apartments1 Bed 1 Bath Apartment1BR,1BA$1.18
Turning LeafBeautiful Beginnings at Turning Leaf. 1 bedroom...1BR,1BA$1.17

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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 $699 at Turning Leaf.

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 $625 at RC Square 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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.