Cheap Homes for Rent in Lakeland, MN from $1,200 (5 Rentals)

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

property at 464 Cimarron

$1,451

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,451

Total Monthly Price
$1,451

2 Bedroom, 2 Bath Home for Rent

Available Now

464 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.

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

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.

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 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 ListingModel NameBed/BathPriced From
Hanley Place Apartments0BR/1.0BAStudio,1BA$725
Aspen ApartmentsTwo Bedroom/One Bath2BR,1BA$1,165
St. Croix Village ApartmentsI bedroom1BR,1BA$1,270

Best Value Apartments for Rent in Lakeland, MN and Nearby

As of January 22, 2026 the best value apartment in the Lakeland area is the $1.65 price per square foot 2 Model at Mayer Road Ventures - The Massey Luxury Apartments in the in the St Croix Far Eastern Suburbs neighborhood starting from $1,650. The second greatest value Lakeland apartment is the Two Bedroom/One Bath Model at Aspen Apartments starting at $1,165 with a $1.29 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.
Mayer Road Ventures - The Massey Luxury Apartments22BR,2BA$1.65
Aspen ApartmentsTwo Bedroom/One Bath2BR,1BA$1.29
Gray's Landing - Section 42 income guidelines apply2BR/2.0BA2BR,2BA$1.59
St. Croix Village ApartmentsI bedroom1BR,1BA$1.99
Cedar RidgeOne Bedroom1BR,1BA$2.57
Hanley Place Apartments0BR/1.0BAStudio ,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.

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The 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.

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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.

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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 72 Apartments for Rent in Lakeland, MN with pricing that ranges from $725 to $1,650. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeland ranging from $1,451 to $5,950.

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 $1,451 to $5,950 with an average monthly rent of $3,191.

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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.