Cheap Apartments for Rent near Madison Lake, MN from $427 (58 Rentals)

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Highland Hills Apartments
Rent Specials
$295 - $1,980

Total Monthly Price

Base Rent$295 - $1,980

Total Monthly Price$295 - $1,980
12 Month Lease Term
2 to 5 Bedroom Apartments Available Now

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
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Hoover Estates
$918 - $1,218

Total Monthly Price

Base Rent$895 - $1,195
Required Monthly Fees$23

Total Monthly Price$918 - $1,218
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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The Grove at Mankato
Rent Specials
$970 - $1,829

Total Monthly Price

Base Rent$940 - $1,799
Required Monthly Fees$30

Total Monthly Price$970 - $1,829
11 Month Lease Term
1 to 3 Bedroom Apartments Available Now

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
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River Bluff Apartments
Rent Specials
$980 - $1,517

Total Monthly Price

Base Rent$950 - $1,487
Required Monthly Fees$30

Total Monthly Price$980 - $1,517
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
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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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Village Court Apartments
$1,028 - $1,128

Total Monthly Price

Base Rent$1,028 - $1,128

Total Monthly Price$1,028 - $1,128
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Village Court Apartments

1620 Village CtNorth Mankato, MN 56003
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STP Group, LLC (ROK)
$1,050 - $1,150

Total Monthly Price

Base Rent$1,000 - $1,100
Required Monthly Fees$50

Total Monthly Price$1,050 - $1,150
12 Month Lease Term
Studio to 1 Bedroom Apartments Available Now

STP Group, LLC (ROK)

410 S Minnesota AveSt. Peter, MN 56082
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The Edge Apartments
Rent Specials
$1,080 - $1,330

Total Monthly Price

Base Rent$1,050 - $1,300
Required Monthly Fees$30

Total Monthly Price$1,080 - $1,330
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
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  • 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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Augusta Park Estates
$1,120 - $1,899

Total Monthly Price

Base Rent$1,120 - $1,899

Total Monthly Price$1,120 - $1,899
12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
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The Alma
$1,167

Total Monthly Price

Base Rent$1,137
Required Monthly FeesVaries

Total Monthly PriceVaries
12 Month Lease Term
1 Bedroom Apartments Available Now

The Alma

105 E Walnut StMankato, MN 56001
Transit Friendly
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Traverse Green
$1,175

Total Monthly Price

Base Rent$1,175

Total Monthly Price$1,175
1 Bedroom Apartments Contact Us For Availability

Traverse Green

2021 Clark StSt. Peter, MN 56082
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Legacy Park Estates
Rent Specials
$1,214 - $1,689

Total Monthly Price

Base Rent$1,175 - $1,650
Required Monthly Fees$39

Total Monthly Price$1,214 - $1,689
1 to 3 Bedroom Apartments Available Now

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
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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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Woodside Apartments
$1,300 - $1,690

Total Monthly Price

Base Rent$1,285 - $1,675
Required Monthly Fees$15

Total Monthly Price$1,300 - $1,690
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
Pet Friendly
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Pond View Heights Apartments
Rent Specials
$1,350 - $2,025

Total Monthly Price

Base Rent$1,350 - $2,025

Total Monthly Price$1,350 - $2,025
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Pond View Heights Apartments

1015 Hope StMankato, MN 56001
Family Friendly
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Lewis Lofts
1 to 2 Bedroom Apartments

Lewis Lofts

209 Dewey StMankato, MN 56001
Senior Living
  • 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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Knollcrest
2 Bedroom Apartments

Knollcrest

120-122 Knollcrest DrMankato, MN 56001
  • Utilities Included
property at 815 N 4th St
$1,095

Total Monthly Price

Base Rent$1,095

Total Monthly Price$1,095
3 Bedroom, 1 Bath Condo for Rent
Available Now
Cost Per Sq.Ft.

815 N 4th St

MankatoMN56001
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107 S 5th St
Studio to 2 Bedroom Apartments

107 S 5th St

107 S 5th StMankato, MN 56001
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Rita Road
2 Bedroom Apartments

Rita Road

188-192 Rita RdMankato, MN 56001
Student Housing
property at 325.5 McKinley Ave
$1,100

Total Monthly Price

Base Rent$1,100

Total Monthly Price$1,100
2 Bedroom, 1 Bath Home for Rent
Available Now

325.5 McKinley Ave

North MankatoMN56003
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Pfau Reed Apartments
2 Bedroom Apartments

Pfau Reed Apartments

610-620 Reed StMankato, MN 56001
  • Utilities Included
property at 1611 5th Ave
$1,150

Total Monthly Price

Base Rent$1,150

Total Monthly Price$1,150
1 Bedroom, 1 Bath Home for Rent
Available Now

1611 5th Ave

MankatoMN56001
property at 1109 1st Ave NW
$1,150

Total Monthly Price

Base Rent$1,150

Total Monthly Price$1,150
2 Bedroom, 1 Bath Townhome for Rent
Available Now

1109 1st Ave NW

FaribaultMN55021

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.

Madison Lake, MN Local Guide

Cheapest Available Madison Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison Lake, MN is a 5 Beds unit found at Highland Hills Apartments in the University neighborhood priced from $295. College Station in the University neighborhood has the second lowest priced unit, which is a 5 Beds apartment currently listed from $427. Here is today’s list of the most affordable Madison Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland Hills ApartmentsHighland East B5BR,2BA$295
College Station5 Bedroom 2 bath5BR,2BA$427
F and H Apartments1 Bed, 1 bath1BR,1BA$825
Le Sueur Apartments1 Bedroom1BR,1BA$895
Hoover EstatesEfficient One Bedroom Apartment Home1BR,1BA$918
Glenwood Terrace2 BR/ 1 BA2BR,1BA$985
Key City Group, LLC (BT)2BR/1.0BA2BR,1BA$995
Cherry Ridge ApartmentsTax Credit2BR,1BA$995
201 Pilgrim St1 Bedroom1BR,1BA$1,000
Southwood Flats1 Bed, 1 Bath (Phase 1)1BR,1BA$1,004

Best Value Apartments for Rent in Madison Lake, MN and Nearby

As of September 07, 2026 the best value apartment in the Madison Lake area is the $1.14 price per square foot 3 bed 2.5 bath (Interior) Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $1,995. The second greatest value Madison Lake apartment is the 5 Bedroom 2 bath Model at College Station starting at $427 with a $0.32 price per square foot in the University neighborhood. Here is today’s list of the best values for Madison Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run Townhomes3 bed 2.5 bath (Interior)3BR,2.5BA$1.14
College Station5 Bedroom 2 bath5BR,2BA$0.32
Dublin Road Townhomes3 Bedroom 1.5 Bath Market3BR,1.5BA$1.20
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.24
Greenfield Estates I & IITwo Bedroom Apartment2BR,1BA$1.23
The Edge ApartmentsTwo Bedroom2BR,1BA$1.21
Key City Group, LLC (BT)2BR/1.0BA2BR,1BA$1.12
Glenwood Terrace2 BR/ 1 BA2BR,1BA$1.19
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.21
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.73

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Quick 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.

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

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Frequently Asked Questions about Cheap Madison Lake Apartments

What is the Cheapest Studio apartment in Madison Lake?

Currently the most affordable Cheap Studio Apartment in Madison Lake is at STP Group, LLC (ROK) listed at $1,050.

How much is rent for a Cheap One Bedroom Madison Lake Apartment?

The lowest price for a Cheap One Bedroom Madison Lake Apartment is $825 at F and H Apartments.

What is the lowest price for a Cheap Two Bedroom Madison Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madison Lake is starting from $985 at Glenwood Terrace.

What is the most affordable Madison Lake Three Bedroom Apartment?

The best deal on a cheap Madison Lake Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,099.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.