
Cheap Apartments for Rent near Lakeland, MN from $1,065 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakeland.


Mayer Road Ventures - The Massey Luxury Apartments

Hanley Place Apartments

Riverview Apartments

Cedar Ridge

Williamsburg Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

St. Croix Village Apartments

Aspen Apartments

Aspen Apartments

1632 Pinewood Ln

1541 Namekagon Ave

1819 Industrial St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

602 4th St N

333 5th St N

1703 Fairway Dr

1112 Mont Croix Dr

606 3rd St

1437 Hazel Ct
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

1423 Hazel Ct

1613 Pinewood Ln

Boulder Ridge

Brookstone Townhomes

1607 Aspen Dr

Buena Vista
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.

1601 Aspen Drive

Plaza Village
Lakeland, MN Local Guide

How much does it cost to rent an apartment in Lakeland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakeland Studio Apartments | $1,195 | $1,195 | $1,195 |
| Lakeland 1 Bedroom Apartments | $1,217 | $1,065 | $1,450 |
| Lakeland 2 Bedroom Apartments | $1,429 | $1,165 | $1,885 |
| Lakeland 3 Bedroom Apartments | $1,414 | $1,295 | $1,525 |
Browse Top Apartments in Lakeland
See all Apartments in LakelandExplore Lakeland
Lakeland, MN Local Guide
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Cheapest Available Lakeland Apartments for Rent and Nearby
 The cheapest available apartment rental in Lakeland, MN is a Studio unit found at Boulder Ridge in the Washington Far Eastern Suburbs neighborhood priced from $750. Aspen Apartments in the Washington Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,165. Here is today’s list of the most affordable Lakeland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Boulder Ridge | Suite 3 | Studio,1BA | $750 |
| Aspen Apartments | Two Bedroom/One Bath | 2BR,1BA | $1,165 |
| 1601 Aspen Drive | 2BR/1.0BA | 2BR,1BA | $1,200 |
| Gray's Landing | 2BR/2.0BA | 2BR,2BA | $1,325 |
| Cedar Ridge | One Bedroom | 1BR,1BA | $1,395 |
| St. Croix Village Apartments | 3 bedroom | 3BR,1BA | $1,525 |
Best Value Apartments for Rent in Lakeland, MN and Nearby
As of September 04, 2026 the best value apartment in the Lakeland area is the $1.33 price per square foot 1015 Oak St Model at 1015 Oak St in the in the Washington Far Eastern Suburbs neighborhood starting from $1,400. The second greatest value Lakeland apartment is the 3 bedroom Model at St. Croix Village Apartments starting at $1,525 with a $1.47 price per square foot in the Washington Far Eastern Suburbs neighborhood. Here is today’s list of the best values for Lakeland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1015 Oak St | 1015 Oak St | 3BR,1BA | $1.33 |
| St. Croix Village Apartments | 3 bedroom | 3BR,1BA | $1.47 |
| Aspen Apartments | Two Bedroom/One Bath | 2BR,1BA | $1.29 |
| Gray's Landing | 2BR/2.0BA | 2BR,2BA | $1.53 |
| 1601 Aspen Drive | 2BR/1.0BA | 2BR,1BA | $1.60 |
| Cedar Ridge | One Bedroom | 1BR,1BA | $2.57 |
| Boulder Ridge | Suite 3 | Studio ,1BA | $750.00 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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!
Explore Lakeland, MN Rentals by Map
See the most popular apartments and homes in Lakeland, MN
Frequently Asked Questions about Cheap Lakeland Apartments
What is the lowest price for a Cheap Two Bedroom Lakeland Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lakeland is starting from $1,165 at Aspen Apartments.
What is the most affordable Lakeland Three Bedroom Apartment?
The best deal on a cheap Lakeland Three Bedroom Apartment rental is at Gray's Landing and starts from $1,500.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.