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

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

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Sunshine Apartments
$725 - $910
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$725 - $910
Total Monthly Price
$725 - $910
1 Bedroom Apartments Available Now

Sunshine Apartments

1620 Clary StWorthington, MN 56187
Senior Living
  • Verified
  • Low Income
  • Smoke Free

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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property at 214 S 4th Ave E

$850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

3 Bedroom, 1 Bath Home for Rent

Available Now

214 S 4th Ave E

TrumanMN56088

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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property at 514 4th Ave N

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

3 Bedroom, 1 Bath Townhome for Rent

Available May 1

514 4th Ave N

EdgertonMN56128
property at 1507 Jackson Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

2 Bedroom, 2 Bath Home for Rent

Available Now

1507 Jackson Ave

Spirit LakeIA51360

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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Sunrise Manor
2 to 3 Bedroom Apartments

Sunrise Manor

500 Remmele St SWSleepy Eye, MN 56085
  • Utilities Included
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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
  • Utilities Included
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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
  • Utilities Included
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Dodecagon Plaza
1 to 2 Bedroom Apartments

Dodecagon Plaza

1212 S Grand AveSpencer, IA 51301
  • Utilities Included
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Westside Apartments
1 to 2 Bedroom Apartments

Westside Apartments

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

Damax Apartments

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

Tanglewood Estates

1755-1757 4th AveWindom, MN 56101
  • Utilities Included

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

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
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Eytcheson Estates Welcome1 Bedroom2BR,1BA$701
Park View Apartments1 Bed/ 1 Bath1BR,1BA$725
Sunshine Apartments1 Bedroom and 1 bathroom1BR,1BA$725
1212 Heckman CtStudioStudio,1BA$750
Tallgrass Village Apartments & TownhomesStudio ApartmentStudio,1BA$755
Suite Liv'n - MarshallOne Bedroom1BR,1BA$775

Best Value Apartments for Rent in Lakefield, MN and Nearby

As of April 26, 2026 the best value apartment in the Lakefield area is the $0.79 price per square foot Three Bedroom Model at Eagle Ridge Townhomes in the starting from $1,065. The second greatest value Lakefield apartment is the 2 Bedroom - Lower Level ADA Model at Windom Landing starting at $975 with a $0.89 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.
Eagle Ridge TownhomesThree Bedroom3BR,1.5BA$0.79
Windom Landing2 Bedroom - Lower Level ADA2BR,2BA$0.89
Parkview Apartments2 Beds, 1 bath2BR,1BA$0.80
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
Meadow Bloom Apartments2 Bedroom2BR,1BA$0.79
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93

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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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 Nobles Square Apartments and starts from $965.

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

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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.

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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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.