Search the lowest-cost Apartments available for rent right now in Madison Lake.
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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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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Lake Studio Apartments | $1,041 | $750 | $1,315 |
| Madison Lake 1 Bedroom Apartments | $1,324 | $825 | $2,120 |
| Madison Lake 2 Bedroom Apartments | $1,494 | $875 | $2,370 |
| Madison Lake 3 Bedroom Apartments | $1,792 | $925 | $2,794 |
| Madison Lake 4 Bedroom Apartments | $1,880 | $1,780 | $1,980 |
The cheapest available apartment rental in Madison Lake, MN is a 1 Bed unit found at F and H Apartments priced from $825. 442 Belgrade Ave in the City Center Mankato neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $835. Here is today’s list of the most affordable Madison Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| F and H Apartments | 1 Bed, 1 bath | 1BR,1BA | $825 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $928 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $975 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $995 |
| Huntington Hills Apartments & Townhomes | 1BR Apartment | 1BR,1BA | $1,000 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,033 |
As of June 09, 2026 the best value apartment in the Madison Lake area is the $1.13 price per square foot Fox Run Townhomes 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 Two Bedroom One Half Bathroom Model at Sibley Village Townhomes starting at $1,575 with a $1.16 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Run Townhomes | Fox Run Townhomes | 2BR,2.5BA | $1.13 |
| Sibley Village Townhomes | Two Bedroom One Half Bathroom | 2BR,1.5BA | $1.16 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.20 |
| Autumn Wind Townhomes | Three Bedroom | 3BR,1.5BA | $1.27 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $1.04 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
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 ArticleFrom 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 ArticleThe 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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Currently the most affordable Cheap Studio Apartment in Madison Lake is at Tiller+Main listed at $900.
The lowest price for a Cheap One Bedroom Madison Lake Apartment is $825 at F and H Apartments.
Today's best deal for a Cheap Two Bedroom Apartment in Madison Lake is starting from $875 at F and H Apartments.
The best deal on a cheap Madison Lake Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,299.
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.
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