307 Shiply Ave E
BinfordND58416
Cheap Homes for Rent in Lancaster, MN from $400 (3 Rentals)
Search the lowest-cost Homes available for rent right now in Lancaster.
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.
1203 Greenhill Dr
Thief River FallsMN56701
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.
411 River St NE, Unit 14, Unit 14
411 River St NE
WarroadMN56763
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Lancaster, MN Local Guide
Sunrise with the sunflowers by Lorie Shaull is licensed under CC BY 2.0
How much does it cost to rent a home in Lancaster?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lancaster 2 Bedroom Homes for Rent | $977 | $955 | $1,000 |
| Lancaster 3 Bedroom Homes for Rent | $1,898 | $1,375 | $2,500 |
| Lancaster 4 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
| Lancaster 5 Bedroom Homes for Rent | $2,295 | $2,295 | $2,295 |
| Lancaster 6 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Lancaster
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Lancaster, MN Local Guide
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Best Value Apartments for Rent in Lancaster, MN and Nearby
As of May 09, 2026 the best value apartment in the Lancaster area is the $0.70 price per square foot 3 bedroom Model at Heritage Terrace Townhomes in the starting from $948. The second greatest value Lancaster apartment is the 2 Bed/2 Bath | 1,067 - 1137 SF Model at Northern Heights Apartments starting at $1,455 with a $1.29 price per square foot in the Downtown Grand Forks neighborhood. Here is today’s list of the best values for Lancaster apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Heritage Terrace Townhomes | 3 bedroom | 3BR,1.5BA | $0.70 |
| Northern Heights Apartments | 2 Bed/2 Bath | 1,067 - 1137 SF | 2BR,2BA | $1.29 |
| The Gallery Apartments | 2 Bed 1 Bath | 1106 sqft | 2BR,1BA | $0.98 |
| River Falls Estates | Unit 213 | 2BR,1BA | $1.07 |
| Southwood Park Townhomes | Southwood 2 bedroom | 2BR,1.5BA | $1.02 |
| Parkwood Apartments | 2 Bedroom | 2BR,1BA | $0.86 |
| Oakwood Homes | Apartment HC | 1BR,1BA | $1.02 |
| Tamarack Place | 1 Bedroom | 1BR,1BA | $1.18 |
| Green Acres | Charming 1BR Apartment with Fresh Paint! | 1BR,1BA | $1.20 |
| White House and Blair House | Blair House Single Bedroom | 1BR,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.
Read Article
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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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.
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Explore Lancaster, MN Rentals by Map
See the most popular apartments and homes in Lancaster, MN
Frequently Asked Questions about Lancaster
What type of rentals are currently available in Lancaster?
There are currently 45 Apartments for Rent in Lancaster, MN with pricing that ranges from $470 to $3,833. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lancaster ranging from $415 to $2,500.
What is the current price range for Rental Homes in Lancaster?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lancaster ranges from $415 to $2,500 with an average monthly rent of $1,720.
How much are larger Three and Four Bedroom Rentals in Lancaster?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lancaster range from $727 to $2,833, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,375 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $470.
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
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.