Cheap Apartments for Rent in Lancaster, MN from $500 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lancaster.

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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-21, Page 1 of 1

Lancaster, MN Local Guide

Cheapest Available Lancaster Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lancaster, MN is a 1 Bed unit found at Valley Park Apartments priced from $570. White House and Blair House has the second lowest priced unit, which is a 1 Bed apartment currently listed from $680. Here is today’s list of the most affordable Lancaster apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Valley Park Apartments1 Bedroom A1BR,1BA$570
White House and Blair HouseBlair House Single Bedroom1BR,1BA$680
Oakwood HomesTownhomes2BR,1BA$713
Block VSTUDIO/1BAStudio,1BA$775
Tamarack Place1 Bedroom1BR,1BA$795

Best Value Apartments for Rent in Lancaster, MN and Nearby

As of June 28, 2025 the best value apartment in the Lancaster area is the $1.06 price per square foot Unit 204 Model at River Falls Estates in the starting from $1,078. The second greatest value Lancaster apartment is the Southwood 2 bedroom Model at Southwood Park Townhomes starting at $976 with a $0.97 price per square foot . Here is today’s list of the best values for Lancaster apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
River Falls EstatesUnit 2042BR,2BA$1.06
Southwood Park TownhomesSouthwood 2 bedroom2BR,1.5BA$0.97
The Verge Grand Forks2BR/2BA2BR,2BA$0.81
Block VSTUDIO/1BAStudio ,1BA$0.97
715 N 40th St1 Bed Model A1BR,1BA$1.04
Country Acres Apartment19182BR,1BA$1.03
Heritage Highlands2 Bedroom + 1 Bathroom2BR,1BA$1.22
Oakwood HomesApartment1BR,1BA$1.02
Tamarack Place1 Bedroom1BR,1BA$1.26
White House and Blair HouseBlair House Single Bedroom1BR,1BA$1.24

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lancaster, MN Rentals by Map

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See the most popular apartments and homes in Lancaster, MN

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Getting Around Lancaster, MN

Walk Score®

15 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Lancaster Apartments

How much is rent for a Cheap One Bedroom Lancaster Apartment?

The lowest price for a Cheap One Bedroom Lancaster Apartment is $570 at Valley Park Apartments.

What is the lowest price for a Cheap Two Bedroom Lancaster Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lancaster is starting from $713 at Oakwood Homes.

What is the most affordable Lancaster Three Bedroom Apartment?

The best deal on a cheap Lancaster Three Bedroom Apartment rental is at Tamarack Place and starts from $995.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.