Cheap Apartments for Rent near Lanesboro, MN from $450 (38 Rentals)

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

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Key Randall Apartments
$580 - $625
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$580 - $625
Total Monthly Price
$580 - $625
Studio Apartments Contact Us For Availability

Key Randall Apartments

1258 Randall StWinona, MN 55987
  • Verified
  • Customer Reviewed
  • Utilities Included

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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The Exchange
$1,175
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Required Monthly Fees
$75
Total Monthly Price
$1,175
Studio Apartments Contact Us For Availability

The Exchange

51 E 4th StWinona, MN 55987
Furnished
  • Verified
  • Utilities Included
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The Ida
$1,200 - $1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,400
Total Monthly Price
$1,200 - $1,400
1 Bedroom Apartments Available Now

The Ida

1226-1232 4th Ave SWRochester, MN 55902
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

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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The Manor at Med City
$1,360 - $1,765
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $1,630
Required Monthly Fees
$135
Total Monthly Price
$1,360 - $1,765
1 to 3 Bedroom Apartments Available Now

The Manor at Med City

1505 Marion Rd SERochester, MN 55904
Affordability
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  • Utilities Included
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The Graham
Studio to 1 Bedroom Apartments

The Graham

108 16th St SERochester, MN 55904
Corporate Housing
  • 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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1017 21st St SE
2 Bedroom Apartments

1017 21st St SE

1017 21st St SERochester, MN 55904
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Chester Estates
1 to 2 Bedroom Apartments

Chester Estates

1463-1537 6th Ave SERochester, MN 55904
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The Beacon
Studio Apartments

The Beacon

431 3rd Ave SERochester, MN 55904
Corporate Housing
  • Utilities Included
property at 1872 Deerhaven Ln NE

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

1 Bedroom, 1 Bath Condo for Rent

Available Now

1872 Deerhaven Ln NE

RochesterMN55906
property at 104 Main St S

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

2 Bedroom, 1 Bath Condo for Rent

Available Sep 1

104 Main St S

Grand MeadowMN55936
property at 121 Main St S

$1,000 - $1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

Studio Rentals

Available Now

121 Main St S

Grand MeadowMN55936
property at 2094 11th Ave SE

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

2094 11th Ave SE

RochesterMN55904
property at 32 11th St NW

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available Now

32 11th St NW

RochesterMN55901

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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property at 220 Broadway Ave S

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

220 Broadway Ave S

RochesterMN55904
property at 101 8th Ave SE

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

1 Bedroom, 1 Bath Home for Rent

Available Sep 4

101 8th Ave SE

RochesterMN55904
Showing Results 1-38, Page 1 of 1

Lanesboro, MN Local Guide

Cheapest Available Lanesboro Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lanesboro, MN is a 1 Bed unit found at Whitewater Way Apartments priced from $695. 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 ListingModel NameBed/BathPriced From
Whitewater Way Apartments1-Bedroom/1-Bathroom1BR,1BA$695
Lakeview Manor ApartmentsStudioStudio,1BA$800
Clover Patch ApartmentsOne Bedroom1BR,1BA$815
Sutton Place1 bed 1 bath1BR,1BA$925
Fairway Woods ApartmentsOne Bedroom1BR,1BA$979
The BeaconStudioStudio,1BA$995
Meadow Park ApartmentsClassic Two Bedrooom2BR,1BA$1,045
Scenic View TownhomesTwo Bedroom/One & Half Bathroom2BR,1BA$1,088
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1,125
The IdaFurnished 1 bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Lanesboro, MN and Nearby

As of August 23, 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 3 Bed, 2.5 Bath Model at Falcon Heights Townhomes starting at $2,200 with a $1.57 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Madison Place2 Beds, 1 bath2BR,1BA$1.29
Falcon Heights Townhomes3 Bed, 2.5 Bath3BR,2.5BA$1.57
Scenic View TownhomesThree Bedroom/One & Half Bathroom3BR,1.5BA$0.95
TwentyFirst Ave2 Bedroom 1 Bathroom2BR,1BA$1.49
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1.36
Fairway Woods ApartmentsOne Bedroom1BR,1BA$1.27
Meadow Park ApartmentsModern Two Bedroom2BR,1BA$1.55
Sutton Place1 bed 1 bath1BR,1BA$1.41
Whitewater Way Apartments1-Bedroom/1-Bathroom1BR,1BA$1.17
Clover Patch ApartmentsOne Bedroom1BR,1BA$1.52

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

Explore Lanesboro, MN Rentals by Map

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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 $695 at Whitewater Way Apartments.

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 $730 at Whitewater Way Apartments.

What is the most affordable Lanesboro Three Bedroom Apartment?

The best deal on a cheap Lanesboro Three Bedroom Apartment rental is at Scenic View Townhomes and starts from $1,236.

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

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.

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

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.