Cheap Homes for Rent in Lakefield, MN from $700 (6 Rentals)

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property at 501 N Market St

501 N Market St

Lake ParkIA51347

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.

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.

Lakefield, MN Local Guide

Cheapest Available Lakefield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakefield, MN is a 2 Beds unit found at RC Square Apartments in the Downtown Marshall neighborhood priced from $625. Eytcheson Estates Sherburn has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Lakefield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RC Square Apartments2 Bedroom2BR,1BA$625
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$700
Park View Apartments1 Bed/ 1 Bath1BR,1BA$725

Best Value Apartments for Rent in Lakefield, MN and Nearby

As of July 11, 2025 the best value apartment in the Lakefield area is the $0.67 price per square foot Three Bedroom Model at River Bluff Townhomes in the starting from $950. The second greatest value Lakefield apartment is the 4 Bedroom - Lower Level Model at Windom Landing starting at $975 with a $0.71 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.
River Bluff TownhomesThree Bedroom3BR,1.5BA$0.67
Windom Landing4 Bedroom - Lower Level4BR,2BA$0.71
Eagle Ridge TownhomesThree Bedroom3BR,1.5BA$0.75
Lakeside ApartmentsE - 3 Bedroom3BR,2BA$1.14
Deer Creek Apartments2 Bed 1 Bath Apartment2BR,1BA$1.24
1212 Heckman CtStudioStudio ,1BA$0.89
RC Square Apartments2 Bedroom2BR,1BA$0.70
219 6th St SWOne Bedroom1BR,1BA$1.20
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
808 Hills Ave, Unit 1808 Hills Ave1BR,1BA$1.00

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Frequently Asked Questions about Lakefield

What type of rentals are currently available in Lakefield?

There are currently 53 Apartments for Rent in Lakefield, MN with pricing that ranges from $616 to $1,850. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakefield ranging from $700 to $4,500.

What is the current price range for Rental Homes in Lakefield?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakefield ranges from $700 to $4,500 with an average monthly rent of $1,834.

How much are larger Three and Four Bedroom Rentals in Lakefield?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakefield range from $950 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $1,850. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $975.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.