
Cheap Homes for Rent in Lakeland, MN from $1,500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Lakeland.


161 1st Ave N

119 Cimarron

121 Cimarron

16 Cimarron
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.

535 6th St N

2407 Foxglove Cir

691 Cimarron

154 Cimarron

10 Bridgewater Trail
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.
Lakeland, MN Local Guide

How much does it cost to rent a home in Lakeland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakeland 2 Bedroom Homes for Rent | $2,192 | $1,600 | $2,595 |
| Lakeland 3 Bedroom Homes for Rent | $2,380 | $1,850 | $3,500 |
| Lakeland 4 Bedroom Homes for Rent | $3,232 | $1,950 | $4,600 |
| Lakeland 5 Bedroom Homes for Rent | $3,150 | $3,150 | $3,150 |
| Lakeland 6 Bedroom Homes for Rent | $6,247 | $5,500 | $6,995 |
Browse Top Homes for Rent 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 |
Best Value Apartments for Rent in Lakeland, MN and Nearby
As of June 08, 2026 the best value apartment in the Lakeland area is the $1.29 price per square foot 1015 Oak St Model at 1015 Oak St in the in the Washington Far Eastern Suburbs neighborhood starting from $1,350. 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 | $1.29 |
| St. Croix Village Apartments | 2 bedroom | 1BR,1BA | $1.53 |
| 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!
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Frequently Asked Questions about Lakeland
What type of rentals are currently available in Lakeland?
There are currently 78 Apartments for Rent in Lakeland, MN with pricing that ranges from $1,000 to $1,950. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeland ranging from $1,500 to $6,995.
What is the current price range for Rental Homes in Lakeland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakeland ranges from $1,500 to $6,995 with an average monthly rent of $3,116.
How much are larger Three and Four Bedroom Rentals in Lakeland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakeland range from $1,295 to $1,780, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $1,950.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.