
Cheap Apartments for Rent near Lakeland, MN from $400 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Lakeland.


Hanley Place Apartments

Riverview Apartments

Williamsburg Apartments

Aspen Apartments

Mayer Road Ventures - The Massey Luxury Apartments
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

Gray's Landing

St. Croix Village Apartments

Total Monthly Price
1015 Oak St

1551 Namekagon St, Unit 5

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

Total Monthly Price
417 Locust St, Unit #2

Boulder Ridge

Willow River Apartments

Lake Mallalieu Apartments

Brookstone Townhomes

Mississippi Flats
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.

215 13th St S

161 1st Ave N

493 Cimarron

530 Cimarron

296 Cimarron

119 Cimarron
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.

121 Cimarron

16 Cimarron
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 | $2,023 | $1,195 | $3,679 |
| Lakeland 1 Bedroom Apartments | $1,201 | $1,000 | $1,450 |
| Lakeland 2 Bedroom Apartments | $1,440 | $1,065 | $1,885 |
| Lakeland 3 Bedroom Apartments | $1,445 | $1,295 | $1,780 |
Browse Top Apartments in Lakeland
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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 | 2BR/2.0BA | 2BR,2BA | $1,400 |
| St. Croix Village Apartments | 2 bedroom | 1BR,1BA | $1,425 |
Best Value Apartments for Rent in Lakeland, MN and Nearby
As of July 15, 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 417 Locust St Model at 417 Locust St, Unit #2 starting at $1,695 with a $1.61 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 |
| 417 Locust St, Unit #2 | 417 Locust St | 2BR,1BA | $1.61 |
| St. Croix Village Apartments | 2 bedroom | 1BR,1BA | $1.53 |
| Gray's Landing | 2BR/2.0BA | 2BR,2BA | $1.62 |
| 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.