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

Williamsburg Apartments

Cedar Ridge
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.

St. Croix Village Apartments

Aspen Apartments

Aspen Apartments

1632 Pinewood Ln

1541 Namekagon Ave

1819 Industrial St
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.

602 4th St N

333 5th St N

1703 Fairway Dr

1112 Mont Croix Dr

606 3rd St

1437 Hazel Ct
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.

1423 Hazel Ct

1613 Pinewood Ln

Brookstone Townhomes

Boulder Ridge

1607 Aspen Dr

Buena Vista
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Plaza Village

1601 Aspen Dr
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 | $1,584 | $725 | $3,679 |
| Lakeland 1 Bedroom Apartments | $1,204 | $1,000 | $1,525 |
| Lakeland 2 Bedroom Apartments | $1,313 | $900 | $1,650 |
| Lakeland 3 Bedroom Apartments | $1,458 | $1,295 | $1,590 |
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 Hanley Place Apartments in the St Croix Far Eastern Suburbs neighborhood priced from $725. 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 |
|---|---|---|---|
| Hanley Place Apartments | 0BR/1.0BA | Studio,1BA | $725 |
| Aspen Apartments | Two Bedroom/One Bath | 2BR,1BA | $1,165 |
| Cedar Ridge | One Bedroom | 1BR,1BA | $1,289 |
| Gray's Landing - Section 42 income guidelines apply | 2BR/2.0BA | 2BR,2BA | $1,375 |
| St. Croix Village Apartments | 2 bedroom | 1BR,1BA | $1,425 |
Best Value Apartments for Rent in Lakeland, MN and Nearby
As of February 28, 2026 the best value apartment in the Lakeland area is the $1.38 price per square foot 1015 Oak St Model at 1015 Oak St in the in the Washington Far Eastern Suburbs neighborhood starting from $1,450. The second greatest value Lakeland apartment is the 2 bedroom Model at St. Croix Village Apartments starting at $1,425 with a $1.53 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 | $1.38 |
| St. Croix Village Apartments | 2 bedroom | 1BR,1BA | $1.53 |
| Aspen Apartments | Two Bedroom/One Bath | 2BR,1BA | $1.29 |
| Gray's Landing - Section 42 income guidelines apply | 2BR/2.0BA | 2BR,2BA | $1.59 |
| Cedar Ridge | One Bedroom | 1BR,1BA | $2.37 |
| Hanley Place Apartments | 0BR/1.0BA | Studio ,1BA | $2.42 |
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 ArticleThe 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.
Read ArticleCash 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.
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 $1,165 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 - Section 42 income guidelines apply 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

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.

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.

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.