Cheap Apartments for Rent near Lancaster, MN from $470 (34 Rentals)

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

property at 307 Shiply Ave E

$490

Total Monthly Price

Total Monthly Price

Base Rent
$490
Total Monthly Price
$490

1 Bedroom, 1 Bath Home for Rent

Available Now

307 Shiply Ave E

BinfordND58416

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Tamarack Place
$980 - $1,439
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$880 - $1,339
Required Monthly Fees
$100
Total Monthly Price
$980 - $1,439
1 to 3 Bedroom Apartments Available Now

Tamarack Place

1105 3rd Ave SWRoseau, MN 56751
  • Verified
  • Utilities Included
  • Low Income

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Pioneer Court A Ltd Ptshp
1 to 2 Bedroom Apartments

Pioneer Court A Ltd Ptshp

1602 Greenwood StThief River Falls, MN 56701
Senior Living
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Country Acres Apartment
2 Bedroom Apartments

Country Acres Apartment

1918 Greenwood St EThief River Falls, MN 56701
  • Utilities Included
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715 N 40th St
1 to 3 Bedroom Apartments

715 N 40th St

715 N 40th StGrand Forks, ND 58203
  • Utilities Included
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Heritage Highlands
Studio to 3 Bedroom Apartments

Heritage Highlands

1115 3rd Ave NWEast Grand Forks, MN 56721
  • Utilities Included

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.

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Showing Results 1-34, 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 4 Beds unit found at The Boden priced from $470. Parkwood Senior Living 55+ has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here is today’s list of the most affordable Lancaster apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The BodenUnit D4BR,2BA$470
Parkwood Senior Living 55+EFF/1B SMStudio,1BA$600
White House and Blair HouseBlair House Single Bedroom1BR,1BA$690
Parkwood Apartments2 Beds, 1 bath2BR,1BA$695
Oakwood Homes1B Apartment1BR,1BA$773
Green AcresLayout E2BR,1BA$840
Block VSTUDIO/1BAStudio,1BA$850
University Flats Apartments1B/1B/HIF 80%1BR,1BA$867
Tamarack Place2 Bedroom2BR,1BA$980
Southwood Park TownhomesSherwood 2 bedroom2BR,1BA$1,080

Best Value Apartments for Rent in Lancaster, MN and Nearby

As of August 25, 2026 the best value apartment in the Lancaster area is the $1.07 price per square foot CP5 - 3 Bed/2 Bath | 1,594 SF Model at Campus Place Apartments in the starting from $1,709. The second greatest value Lancaster apartment is the Southwood 3 bedroom Model at Southwood Park Townhomes starting at $1,179 with a $0.88 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.
Campus Place ApartmentsCP5 - 3 Bed/2 Bath | 1,594 SF3BR,2BA$1.07
Southwood Park TownhomesSouthwood 3 bedroom3BR,1.5BA$0.88
Northern Heights Apartments3 Bed/2 Bath | 1,334 SF3BR,2BA$1.25
West River Falls110-1032BR,2BA$1.28
Green AcresLayout G2BR,1BA$0.88
Parkwood Apartments2 Beds, 1 bath2BR,1BA$0.72
Tamarack Place2 Bedroom2BR,1BA$1.09
Oakwood Homes1B Apartment1BR,1BA$1.03
University Flats Apartments1B/1B/HIF 80%1BR,1BA$1.20
White House and Blair HouseBlair House Single Bedroom1BR,1BA$1.25

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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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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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 Lancaster, MN Rentals by Map

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Frequently Asked Questions about Cheap Lancaster Apartments

What is the Cheapest Studio apartment in Lancaster?

Currently the most affordable Cheap Studio Apartment in Lancaster is at Parkwood Senior Living 55+ listed at $600.

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

The lowest price for a Cheap One Bedroom Lancaster Apartment is $690 at White House and Blair House.

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 $695 at Parkwood Apartments.

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 $1,113.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.