
Cheap Apartments for Rent in Lakeland, MN from $400 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakeland.


Riverview Apartments

Hanley Place Apartments

Williamsburg Apartments

Aspen Apartments

Mayer Road Ventures - The Massey Luxury Apartments

Total Monthly Price
832 Laurel Ave, Unit Lower

832 Laurel Ave
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.

Cedar Ridge

Total Monthly Price
911 2nd St, Unit upper level appartment

Gray's Landing - Section 42 income guidelines apply

St. Croix Village Apartments

Total Monthly Price
1318 4th St, Unit 1318 Lower Unit

Total Monthly Price
535 6th St N, Unit A

2407 Foxglove Cir

217 River St
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.

Boulder Ridge

Willow River Apartments

Lake Mallalieu Apartments

Brookstone Townhomes

Mississippi Flats

161 1st Ave N

16 Cimarron

535 6th St N
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.

3512 Sterling Heights Dr

691 Cimarron

154 Cimarron

10 Bridgewater Trail

766 Wilfred Rd

922 67th Ave

3775 Hazel Trail

3314 Hazel Trail
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.
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 | $1,176 | $955 | $1,450 |
| Lakeland 2 Bedroom Apartments | $1,463 | $1,165 | $1,885 |
| Lakeland 3 Bedroom Apartments | $1,490 | $1,295 | $1,780 |
| Lakeland 4 Bedroom Apartments | $1,950 | $1,950 | $1,950 |
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. Hanley Place Apartments in the St Croix Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. 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 |
| Hanley Place Apartments | 1BR/1.0BA | 1BR,1BA | $1,000 |
| Cedar Ridge | One Bedroom | 1BR,1BA | $1,289 |
| Gray's Landing - Section 42 income guidelines apply | 2BR/2.0BA | 2BR,2BA | $1,375 |
Best Value Apartments for Rent in Lakeland, MN and Nearby
As of May 30, 2026 the best value apartment in the Lakeland area is the $1.59 price per square foot 2BR/2.0BA Model at Gray's Landing - Section 42 income guidelines apply in the in the Washington Far Eastern Suburbs neighborhood starting from $1,375. The second greatest value Lakeland apartment is the 832 Laurel Ave Model at 832 Laurel Ave, Unit Lower starting at $1,200 with a $1.50 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. |
|---|---|---|---|
| Gray's Landing - Section 42 income guidelines apply | 2BR/2.0BA | 2BR,2BA | $1.59 |
| 832 Laurel Ave, Unit Lower | 832 Laurel Ave | 1BR,1BA | $1.50 |
| Hanley Place Apartments | 1BR/1.0BA | 1BR,1BA | $1.67 |
| Cedar Ridge | One Bedroom | 1BR,1BA | $2.37 |
| 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 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
How much is rent for a Cheap One Bedroom Lakeland Apartment?
The lowest price for a Cheap One Bedroom Lakeland Apartment is $1,000 at Hanley Place 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 $1,200 at Hanley Place Apartments.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.

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.