
Cheap Apartments for Rent near Lanesboro, MN from $400 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Lanesboro.


Total Monthly Price
Key Broadway Apartments

105 Main St S

Fairway Woods Apartments

Lakeview Manor Apartments

Clover Patch Apartments

Eastwood Manor Apartments

Country Valley

Total Monthly Price
The Graham
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.

Golfview Crossing Apartments

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The Ida

Total Monthly Price
Meadow Park Apartments

Scenic View Townhomes

Washington Crossing

Cottages of Stewartville

Homestead Village Townhomes

EastGate Apartments

Madison Place
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.

Total Monthly Price
The Exchange

STEWARTVILLE FLATS

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The Boulders

Eastwood Ridge

TwentyFirst Ave

Total Monthly Price
The Manor at Med City

501 on First

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SoRoc on Maine

108 Main St N
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.

121 Main St S

1017 21st St SE

Chester Estates

The Beacon

Lobb Field Apartments

28 6th Ave SE

1513 2nd St NE

1872 Deerhaven Ln NE

2094 11th Ave SE
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.

415 10th St NW

1915 Deerhaven Ln NE

220 Broadway Ave S
Lanesboro, MN Local Guide

How much does it cost to rent an apartment in Lanesboro?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lanesboro Studio Apartments | $1,394 | $525 | $1,655 |
| Lanesboro 1 Bedroom Apartments | $1,613 | $450 | $2,550 |
| Lanesboro 2 Bedroom Apartments | $1,913 | $895 | $3,300 |
| Lanesboro 3 Bedroom Apartments | $1,972 | $895 | $3,887 |
| Lanesboro 4 Bedroom Apartments | $1,072 | $775 | $1,575 |
Browse Top Apartments in Lanesboro
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Lanesboro, MN Local Guide
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Cheapest Available Lanesboro Apartments for Rent and Nearby
 The cheapest available apartment rental in Lanesboro, MN is a 1 Bed unit found at 105 Main St S priced from $675. Lakeview Manor Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here is today’s list of the most affordable Lanesboro apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 105 Main St S | 1-bedroom | 1BR,1BA | $675 |
| Lakeview Manor Apartments | Studio | Studio,1BA | $800 |
| Clover Patch Apartments | One Bedroom | 1BR,1BA | $815 |
| Golfview Crossing Apartments | One Bedroom | 1BR,1BA | $949 |
| Meadow Park Apartments | Modern Two Bedroom | 2BR,1BA | $1,075 |
| Washington Crossing | 1 Bedroom | 1BR,1BA | $1,092 |
| Fairway Woods Apartments | Two Bedroom | 2BR,1BA | $1,109 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,125 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1,200 |
| The Exchange | 0BR/1.0BA | Studio,1BA | $1,225 |
Best Value Apartments for Rent in Lanesboro, MN and Nearby
As of July 09, 2026 the best value apartment in the Lanesboro area is the $1.29 price per square foot 2 Beds, 1 bath Model at Madison Place in the starting from $1,800. The second greatest value Lanesboro apartment is the 2 Bed, 2.5 Bath Model at Falcon Heights Townhomes starting at $1,970 with a $1.66 price per square foot in the East Rochester neighborhood. Here is today’s list of the best values for Lanesboro apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Madison Place | 2 Beds, 1 bath | 2BR,1BA | $1.29 |
| Falcon Heights Townhomes | 2 Bed, 2.5 Bath | 2BR,2.5BA | $1.66 |
| STEWARTVILLE FLATS | 1 BED 1 BATH CORNER | 1BR,1BA | $1.51 |
| Fairway Woods Apartments | Two Bedroom | 2BR,1BA | $1.16 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| Washington Crossing | 1 Bedroom | 1BR,1BA | $1.62 |
| Golfview Crossing Apartments | One Bedroom | 1BR,1BA | $1.42 |
| 105 Main St S | 1-bedroom | 1BR,1BA | $1.23 |
| Clover Patch Apartments | One Bedroom | 1BR,1BA | $1.52 |
| Lakeview Manor Apartments | Studio | Studio ,1BA | $1.78 |
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 ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lanesboro, MN Rentals by Map
See the most popular apartments and homes in Lanesboro, MN
Frequently Asked Questions about Cheap Lanesboro Apartments
What is the Cheapest Studio apartment in Lanesboro?
Currently the most affordable Cheap Studio Apartment in Lanesboro is at Lakeview Manor Apartments listed at $800.
How much is rent for a Cheap One Bedroom Lanesboro Apartment?
The lowest price for a Cheap One Bedroom Lanesboro Apartment is $675 at 105 Main St S.
What is the lowest price for a Cheap Two Bedroom Lanesboro Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lanesboro is starting from $1,000 at Lakeview Manor Apartments.
What is the most affordable Lanesboro Three Bedroom Apartment?
The best deal on a cheap Lanesboro Three Bedroom Apartment rental is at Fairway Woods Apartments and starts from $1,200.
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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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.