
Cheap Homes for Rent in Lake Park, MN from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Park.


1510 E Gateway Cir S

1510 11th Ave N
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.

1203 34th St Cir S

102-15t 15th St N

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

How much does it cost to rent a home in Lake Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Park 2 Bedroom Homes for Rent | $1,050 | $1,050 | $1,050 |
| Lake Park 3 Bedroom Homes for Rent | $1,923 | $1,400 | $2,275 |
| Lake Park 4 Bedroom Homes for Rent | $1,936 | $1,795 | $2,300 |
Browse Top Homes for Rent 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 |
Best Value Apartments for Rent in Lake Park, MN and Nearby
As of June 11, 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 Waters 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!
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Frequently Asked Questions about Lake Park
What type of rentals are currently available in Lake Park?
There are currently 59 Apartments for Rent in Lake Park, MN with pricing that ranges from $475 to $2,950. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Park ranging from $820 to $2,300.
What is the current price range for Rental Homes in Lake Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Park ranges from $820 to $2,300 with an average monthly rent of $1,330.
How much are larger Three and Four Bedroom Rentals in Lake Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Park range from $750 to $2,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,275. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,495.
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.