Cheap Homes for Rent in Lakefield, MN from $800 (9 Rentals)

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

property at 305 W Wenberg St

305 W Wenberg St

DunnellMN56127
property at 820 N Cedar St

820 N Cedar St

LuverneMN56156

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.

property at 2011 Great Bend Blvd
property at 301 S Prairie St

301 S Prairie St

SherburnMN56171

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.

property at 301 Luverne St.

301 Luverne St.

MagnoliaMN56158

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 RC Square Apartments in the Downtown Marshall neighborhood priced from $525. Douglas Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $565. Here is today’s list of the most affordable Lakefield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RC Square Apartments1 Bedroom1BR,1BA$525
Douglas Manor Apartments1BR/1BA1BR,1BA$565
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701

Best Value Apartments for Rent in Lakefield, MN and Nearby

As of October 11, 2025 the best value apartment in the Lakefield area is the $0.71 price per square foot 4 Bedroom - Lower Level Model at Windom Landing in the starting from $975. 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.
Windom Landing4 Bedroom - Lower Level4BR,2BA$0.71
1212 Heckman CtStudioStudio ,1BA$0.83
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
1551 Falcon Dr, Unit 2011551 Falcon Dr2BR,1BA$0.92
650 Summit Dr, Unit 8650 Summit Dr2BR,1BA$1.02
808 Hills Ave, Unit 1808 Hills Ave1BR,1BA$1.00
551 Lakeview Rd, Unit 1551 Lakeview Rd1BR,1BA$1.00
Douglas Manor Apartments1BR/1BA1BR,1BA$0.90
RC Square Apartments1 Bedroom1BR,1BA$1.01

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

Explore Lakefield, MN Rentals by Map

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Frequently Asked Questions about Lakefield

What type of rentals are currently available in Lakefield?

There are currently 62 Apartments for Rent in Lakefield, MN with pricing that ranges from $565 to $3,638. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakefield ranging from $850 to $2,500.

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 $850 to $2,500 with an average monthly rent of $1,113.

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 $725 to $3,638, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,500. Four Bedroom Single-Family rentals are also available starting from $920 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 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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.