Cheap Homes for Rent in Lakeland, MN from $1,500 (10 Rentals)

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

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
property at 119 Cimarron

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

3 Bedroom, 2 Bath Home for Rent

Available Now

119 Cimarron

Lake ElmoMN55042
property at 121 Cimarron

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

3 Bedroom, 2 Bath Home for Rent

Available Now

121 Cimarron

Lake ElmoMN55042
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

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 2407 Foxglove Cir

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

2407 Foxglove Cir

HudsonWI54016
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

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

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 ListingModel NameBed/BathPriced From
Boulder RidgeSuite 3Studio,1BA$750
Hanley Place Apartments1BR/1.0BA1BR,1BA$1,000
Cedar RidgeOne Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1015 Oak St1015 Oak St3BR,1BA$1.29
St. Croix Village Apartments2 bedroom1BR,1BA$1.53
Gray's Landing - Section 42 income guidelines apply2BR/2.0BA2BR,2BA$1.59
832 Laurel Ave, Unit Lower832 Laurel Ave1BR,1BA$1.50
Hanley Place Apartments1BR/1.0BA1BR,1BA$1.67
Cedar RidgeOne Bedroom1BR,1BA$2.37
Boulder RidgeSuite 3Studio ,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 Article
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Real 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.

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Quick Rent Budget Calculator

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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 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

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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.

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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.

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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.

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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.