
Cheap Apartments for Rent in Lakeland, MN from $700 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakeland.


Total Monthly Price
3235 Saint Croix Trl S, Unit 3235, Unit 3235

Riverview Apartments

Williamsburg Apartments

Aspen Apartments

Mayer Road Ventures - The Massey Luxury Apartments

Total Monthly Price
85 Coulee Rd, Unit 85 Coulee Road, Unit 85 Coulee Road
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
424 3rd St, Unit 424 3rd St, Unit 424 3rd St

St. Croix Village Apartments

Gray's Landing - Section 42 income guidelines apply

901 Dominion Dr

1902 Aster Bay

1620 Hunter Hill Rd
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.

Willow River Apartments

Lake Mallalieu Apartments

Brookstone Townhomes

Mississippi Flats

Boulder Ridge

161 1st Ave N

24 Bridgewater 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.

18 Hope Cir

1902 Aster

2303 Rosemary Curve

8920 Spring Ln

16 Cimarron

691 Cimarron

154 Cimarron
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.

754 Magoo Rd
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 | $973 | $725 | $1,185 |
| Lakeland 1 Bedroom Apartments | $1,245 | $1,000 | $1,435 |
| Lakeland 2 Bedroom Apartments | $1,440 | $1,165 | $1,875 |
| Lakeland 3 Bedroom Apartments | $1,490 | $1,295 | $1,780 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 424 3rd St, Unit 424 3rd St | 424 3rd St | 1BR,1BA | $1.43 |
| Gray's Landing | 2BR/2.0BA | 2BR,2BA | $1.59 |
| Hanley Place Apartments | 1BR/1.0BA | 1BR,1BA | $1.67 |
| Cedar Ridge | One Bedroom | 1BR,1BA | $2.37 |
| 3235 Saint Croix Trl S, Unit 3235 | 3235 Saint Croix Trl S | Studio ,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.
Read ArticleDon'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 $1,200 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

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.

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.