
Cheap Apartments for Rent in Lanesboro, MN from $400 (49 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

Country Valley

Golfview Crossing Apartments

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.

Eastwood Manor

Total Monthly Price
Meadow Park Apartments

Madison Place

Total Monthly Price
The Ida

Lobb Field Apartments

Scenic View Townhomes

Washington Crossing

Cottages of Stewartville

EastGate Apartments
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.

Homestead Village Townhomes

Total Monthly Price
The Exchange

STEWARTVILLE FLATS

The Vista at South Broadway

Total Monthly Price
The Quarters

Eastwood Ridge

Avani Living

Total Monthly Price
The Manor at Med City

501 on First
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.

SoRoc on Maine

Preserve on Maine

Total Monthly Price
Flats on 4th

Total Monthly Price
The Rosewater

Total Monthly Price
Metropolitan Market Place

Flats at 44 North

Total Monthly Price
The Boulders

Red44 Luxury Apartments | Specials Available

108 Main St N
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.

Chester Estates

1017 21st St SE

The Beacon

28 6th Ave SE

2094 11th Ave SE

707 11th Ave NE

1732 2nd Ave SE

6134 S Pointe Dr SW

Lofts at Mayo Park
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.

575 Pointe Ct SW

15 8th St NW

1421 3rd St NE

3960 Willow Heights Dr SW
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 | $1,409 | $525 | $1,940 |
| Lanesboro 1 Bedroom Apartments | $1,644 | $450 | $2,550 |
| Lanesboro 2 Bedroom Apartments | $1,861 | $895 | $3,300 |
| Lanesboro 3 Bedroom Apartments | $1,805 | $895 | $3,987 |
| Lanesboro 4 Bedroom Apartments | $1,495 | $1,495 | $1,495 |
Browse Top Apartments in Lanesboro
See all Apartments in LanesboroExplore Lanesboro
Lanesboro, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 |
| Fairway Woods Apartments | One Bedroom | 1BR,1BA | $949 |
| The Beacon | Studio | Studio,1BA | $995 |
| Meadow Park Apartments | Classic Three Bedroom One Bath | 3BR,1BA | $1,020 |
| Washington Crossing | 1 Bedroom | 1BR,1BA | $1,092 |
| EastGate Apartments | A1-50 | 1BR,1BA | $1,096 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,125 |
| The Exchange | 0BR/1.0BA | Studio,1BA | $1,175 |
Best Value Apartments for Rent in Lanesboro, MN and Nearby
As of May 24, 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 |
| Avani Living | Two Bedroom A | 2BR,2BA | $1.53 |
| Cottages of Stewartville | 3 Bedroom 1 Bathroom | 3BR,1BA | $1.25 |
| The Quarters | 2 Bedroom | 2BR,2BA | $1.30 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| Fairway Woods Apartments | One Bedroom | 1BR,1BA | $1.23 |
| 105 Main St S | 2-bedroom | 2BR,1BA | $1.29 |
| EastGate Apartments | A1-50 | 1BR,1BA | $1.60 |
| Clover Patch Apartments | One Bedroom | 1BR,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.
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 $900 at 105 Main St S.
What is the most affordable Lanesboro Three Bedroom Apartment?
The best deal on a cheap Lanesboro Three Bedroom Apartment rental is at Meadow Park Apartments and starts from $1,020.
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.