
Cheap Apartments for Rent in Lake Park, MN from $400 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Park.


Jeannie Anne Apartments

Eastmoor Apartments & Townhomes

Terrace on the Green

Rockridge

Southmoor Apartments & Townhomes

Courtyard Apartments on Belsly

Cedar Park Apartments

Kassenborg Apartments

River Rock Apartments
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.

Pelican Rapids Townhomes

Carriage House Senior Apartments

South Shore Landing

Valley Pines Apartments

Courtyard Apartments

Skaff Apartments Moorhead

Horizon Shores Estates

Vanne

The Colony

Sunridge Apartments
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.

Southridge Apartments

Total Monthly Price
Fairmont Flats

Pelican Heights Apartments

Waterstone Apartments

The Grove

Meadows Edge Apartments

The Fairways

Huntington Pointe Apartments

Griffin Court Apartments

Silver Birch
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.

Daybreak Place

Grace Apartments

Valley

The Property Shop

The Corners

Campus Aire Apartments

1411 20th St S

3502 Interstate Blvd S

Marigold Apartments

Valley View Commons
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.

Picasso Square

Broadway Apartments

1510 E Gateway Cir S

Pleasant View Manor

1510 11th Ave N

Riverside Apartments

1203 34th St Cir S

1315 34th St Cir S

102-15t 15th St N

914-15t 15th St N
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.
Lake Park, MN Local Guide

How much does it cost to rent an apartment in Lake Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Park Studio Apartments | $940 | $485 | $1,150 |
| Lake Park 1 Bedroom Apartments | $1,118 | $475 | $1,850 |
| Lake Park 2 Bedroom Apartments | $1,418 | $520 | $2,500 |
| Lake Park 3 Bedroom Apartments | $1,551 | $750 | $2,950 |
| Lake Park 4 Bedroom Apartments | $1,605 | $1,495 | $1,715 |
Browse Top Apartments in Lake Park
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Lake Park, MN Local Guide
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Cheapest Available Lake Park Apartments for Rent and Nearby
 The cheapest available apartment rental in Lake Park, MN is a 1 Bed unit found at Royal Apartments in the Hawthorne neighborhood priced from $475. Daybreak Place in the Clara Barton neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $475. Here is today’s list of the most affordable Lake Park apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Royal Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $475 |
| Daybreak Place | Studio, 0 Bathroom | Studio,1BA | $475 |
| Terrace on the Green | 1 Bed, 1 bath | 1BR,1BA | $575 |
| Jeannie Anne Apartments | Two Bedroom | 2BR,1BA | $595 |
| Rockridge | One Bedroom | 1BR,1BA | $595 |
| River Rock Apartments | One Bedroom | 1BR,1BA | $775 |
| Pelican Rapids Townhomes | 2 Bedroom | 2BR,1BA | $785 |
| Valley Pines Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $813 |
| Skaff Apartments Moorhead | 1310 - 1 Bedroom | 1BR,1BA | $850 |
| Courtyard Apartments | Studio | Studio,1BA | $850 |
Best Value Apartments for Rent in Lake Park, MN and Nearby
As of June 14, 2026 the best value apartment in the Lake Park area is the $0.56 price per square foot 3 Bedroom Model at Pelican Rapids Townhomes in the starting from $885. The second greatest value Lake Park apartment is the 2 Bedroom + Den, 1.5 Bath Model at Easten Townhomes starting at $1,225 with a $0.86 price per square foot . Here is today’s list of the best values for Lake Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pelican Rapids Townhomes | 3 Bedroom | 3BR,1BA | $0.56 |
| Easten Townhomes | 2 Bedroom + Den, 1.5 Bath | 2BR,1.5BA | $0.86 |
| Crossings at Water's Edge | 1501-2B 2 | 2BR,2BA | $1.12 |
| Southridge Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.97 |
| Waterstone Apartments | 2 Bedroom, 1 Bathroom | 2BR,1BA | $1.06 |
| Horizon Shores Estates | 1 Bedroom, 1 Bath | 1BR,1BA | $1.23 |
| Jeannie Anne Apartments | Two Bedroom | 2BR,1BA | $0.79 |
| Royal Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.73 |
| Terrace on the Green | 2 Beds, 1 bath | 2BR,1BA | $1.21 |
| River Rock Apartments | One Bedroom | 1BR,1BA | $1.22 |
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.
Read ArticleReal 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 ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Park, MN Rentals by Map
See the most popular apartments and homes in Lake Park, MN
Frequently Asked Questions about Cheap Lake Park Apartments
What is the Cheapest Studio apartment in Lake Park?
Currently the most affordable Cheap Studio Apartment in Lake Park is at Daybreak Place listed at $475.
How much is rent for a Cheap One Bedroom Lake Park Apartment?
The lowest price for a Cheap One Bedroom Lake Park Apartment is $475 at Royal Apartments.
What is the lowest price for a Cheap Two Bedroom Lake Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Park is starting from $520 at Royal Apartments.
What is the most affordable Lake Park Three Bedroom Apartment?
The best deal on a cheap Lake Park Three Bedroom Apartment rental is at Pelican Rapids Townhomes and starts from $885.
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

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.

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.

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.

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.