Cheap Apartments for Rent in Lakefield, MN from $400 (37 Rentals)

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

property at 2622 Linden Ave

$675

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$675
Total Monthly Price
$675

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2622 Linden Ave

SlaytonMN56172
property at 808 Hills Ave

$675 - $775

Total Monthly Price

Total Monthly Price

Base Rent
$675
Total Monthly Price
$675

1 To 2 Bedroom Rentals

Available Now

808 Hills Ave

JacksonMN56143
property at 1757 4th Ave

$698

Total Monthly Price

Total Monthly Price

Base Rent
$698
Total Monthly Price
$698

1 Bedroom Rentals

Available Now

1757 4th Ave

WindomMN56101

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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property at 2107 Nobles St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

2107 Nobles St

WorthingtonMN56187

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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Dodecagon Plaza
1 to 2 Bedroom Apartments

Dodecagon Plaza

1212 S Grand AveSpencer, IA 51301
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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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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
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Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
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Tanglewood Estates
1 to 2 Bedroom Apartments

Tanglewood Estates

1755-1757 4th AveWindom, MN 56101
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Westside Apartments
1 Bedroom Apartments

Westside Apartments

1851 26th StSlayton, MN 56172
  • Utilities Included

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
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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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Buffalo Ridge Apartments
1 to 2 Bedroom Apartments

Buffalo Ridge Apartments

2107 Nobles StWorthington, MN 56187
Senior Living
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Heritage Prairie
1 Bedroom Apartments

Heritage Prairie

1173 Dewey StWabasso, MN 56293
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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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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

401 S Oak StEllsworth, MN 56129
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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 1-37, Page 1 of 1

Lakefield, MN Local Guide

Cheapest Available Lakefield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakefield, MN is a 1 Bed unit found at Burt 18-Unit (Countryside Properties) priced from $525. Meadow Bloom Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $607. Here is today’s list of the most affordable Lakefield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$525
Meadow Bloom Apartments2 Bedroom2BR,1BA$607
RC Square Apartments2 Bedroom2BR,1BA$625
Deer Creek Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$655
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Eytcheson Estates Welcome1 Bedroom2BR,1BA$701
Park View Apartments1 Bed/ 1 Bath1BR,1BA$725
Milwaukee Manor Apartments1 bed 1 bath1BR,1BA$725
1212 Heckman CtStudioStudio,1BA$750

Best Value Apartments for Rent in Lakefield, MN and Nearby

As of January 09, 2026 the best value apartment in the Lakefield area is the $1.12 price per square foot 3 Bedroom 1 Bathroom Apartment Model at Deer Creek Apartments in the starting from $1,345. The second greatest value Lakefield apartment is the Studio Model at 1212 Heckman Ct starting at $750 with a $0.83 price per square foot . Here is today’s list of the best values for Lakefield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Deer Creek Apartments3 Bedroom 1 Bathroom Apartment3BR,1BA$1.12
1212 Heckman CtStudioStudio ,1BA$0.83
Trimont Square Apartments1 Bed, 1 bath1BR,1BA$1.04
RC Square Apartments2 Bedroom2BR,1BA$0.70
Downtown Estates1 Bed, 1 bath1BR,1BA$0.99
Hartshorn Manor1 Bed, 1 bath1BR,1BA$1.12
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
St. James ApartmentsOne Bedroom1BR,1BA$1.25
172 North St, Unit 168172 North St1BR,1BA$0.98

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lakefield, MN Rentals by Map

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See the most popular apartments and homes in Lakefield, MN

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Frequently Asked Questions about Cheap Lakefield Apartments

What is the Cheapest Studio apartment in Lakefield?

Currently the most affordable Cheap Studio Apartment in Lakefield is at 1212 Heckman Ct listed at $750.

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

The lowest price for a Cheap One Bedroom Lakefield Apartment is $525 at Burt 18-Unit (Countryside Properties).

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

Today's best deal for a Cheap Two Bedroom Apartment in Lakefield is starting from $607 at Meadow Bloom Apartments.

What is the most affordable Lakefield Three Bedroom Apartment?

The best deal on a cheap Lakefield Three Bedroom Apartment rental is at Windcrest Village Apartments & Townhomes and starts from $1,123.

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 A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!