Cheap Apartments for Rent in Lakeland, MN from $700 (29 Rentals)

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

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.

property at 1902 Aster Bay

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 2 Bath Townhome for Rent

Available Apr 15

1902 Aster Bay

HudsonWI54016

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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Brookstone Townhomes
2 to 3 Bedroom Apartments

Brookstone Townhomes

1900-1966 Brookstone CirHudson, WI 54016
  • Utilities Included
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Mississippi Flats
2 to 3 Bedroom Apartments

Mississippi Flats

1401 Okeefe RdHudson, WI 54016
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Boulder Ridge
1 to 2 Bedroom Apartments

Boulder Ridge

901 Dominion DrHudson, WI 54016
Senior Living
  • Utilities Included
property at 161 1st Ave N

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 1 Bath Home for Rent

Available Now

161 1st Ave N

BayportMN55003

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.

property at 8920 Spring Ln

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895

Total Monthly Price
$1,895

2 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 1

8920 Spring Ln

WoodburyMN55125
property at 16 Cimarron

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

3 Bedroom, 2 Bath Home for Rent

Available Now

16 Cimarron

Lake ElmoMN55042
property at 691 Cimarron

$1,999

Total Monthly Price

Total Monthly Price

Base Rent
$1,999

Total Monthly Price
$1,999

3 Bedroom, 2 Bath Home for Rent

Available Now

691 Cimarron

Lake ElmoMN55042
property at 154 Cimarron

$1,999

Total Monthly Price

Total Monthly Price

Base Rent
$1,999

Total Monthly Price
$1,999

3 Bedroom, 2.5 Bath Home for Rent

Available Now

154 Cimarron

Lake ElmoMN55042

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.

Lakeland, MN Local Guide

Cheapest Available Lakeland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakeland, MN is a 1 Bed unit found at Hanley Place Apartments in the St Croix Far Eastern Suburbs neighborhood priced from $1,000. Cedar Ridge in the St Croix Far Eastern Suburbs neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,289. Here is today’s list of the most affordable Lakeland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hanley Place Apartments1BR/1.0BA1BR,1BA$1,000
Cedar RidgeOne Bedroom1BR,1BA$1,289
Gray's Landing - Section 42 income guidelines apply2BR/2.0BA2BR,2BA$1,375

Best Value Apartments for Rent in Lakeland, MN and Nearby

As of April 14, 2026 the best value apartment in the Lakeland area is the $1.43 price per square foot 424 3rd St Model at 424 3rd St, Unit 424 3rd St in the in the Washington Far Eastern Suburbs neighborhood starting from $1,325. The second greatest value Lakeland apartment is the 2BR/2.0BA Model at Gray's Landing starting at $1,375 with a $1.59 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 ListingModel NameBed/BathPrice Per Sq.Ft.
424 3rd St, Unit 424 3rd St424 3rd St1BR,1BA$1.43
Gray's Landing2BR/2.0BA2BR,2BA$1.59
Hanley Place Apartments1BR/1.0BA1BR,1BA$1.67
Cedar RidgeOne Bedroom1BR,1BA$2.37
3235 Saint Croix Trl S, Unit 32353235 Saint Croix Trl SStudio ,0.5BA$2.40

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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Quick 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.

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

Explore Lakeland, MN Rentals by Map

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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

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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.

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.