
Cheap Apartments for Rent in Madison Lake, MN from $700 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison Lake.


Highland Hills Apartments

Lewis Lofts

Glenwood Terrace

Le Sueur Apartments

Tiller+Main

Cherry Square

Rita Road
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.

Woodside Apartments

River Bluff Apartments

Gray Hawk Apartments

Village Court Apartments

Town's Edge Place Apartments

Hoover Estates

Greenfield Estates I & II

Ohana Apartments-Rent Special!
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.

Skyway Property Holdings, LLC - (Studio 5)

Philipp Square Senior Apartments 55+

Southwood Flats

Riverfront Court

Total Monthly Price
The Alma

Huntington Hills Apartments & Townhomes

Traverse Green West

Dublin Road Townhomes
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.

Augusta Park Estates

Legacy Park Estates

Creekside Townhomes

The Edge Apartments

The Forde

Capital Lofts

Cardinal Creek Apartments

442 Belgrade Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Autumn Glen Townhomes

Knollcrest

201 Pilgrim St

Cherry Ridge Apartments

107 S 5th St

Pfau Reed Apartments

Northgate Townhomes

Dublin Heights
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.

Haughton Estates
Madison Lake, MN Local Guide

How much does it cost to rent an apartment in Madison Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Lake Studio Apartments | $1,024 | $735 | $1,295 |
| Madison Lake 1 Bedroom Apartments | $1,353 | $784 | $2,150 |
| Madison Lake 2 Bedroom Apartments | $1,556 | $985 | $2,396 |
| Madison Lake 3 Bedroom Apartments | $1,850 | $1,349 | $2,830 |
| Madison Lake 4 Bedroom Apartments | $1,854 | $1,780 | $1,980 |
Browse Top Apartments in Madison Lake
See all Apartments in Madison LakeExplore Madison Lake
Madison Lake, MN Local Guide
- Nearby Cities
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Cheapest Available Madison Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Madison Lake, MN is a Studio unit found at Village Place Apartments in the University neighborhood priced from $735. Lewis Lofts in the University neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. Here is today’s list of the most affordable Madison Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Place Apartments | Studio | Studio,1BA | $735 |
| Lewis Lofts | 1a1t | 1BR,1BA | $784 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Cherry Square | 1 Bedroom | 1BR,1BA | $995 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1,000 |
| Woodside Apartments | Studio | Studio,1BA | $1,010 |
| River Bluff Apartments | One Bedroom | 1BR,1BA | $1,011 |
| Village Court Apartments | 2 Bed, 1 Bath (original) | 2BR,1BA | $1,028 |
| Town's Edge Place Apartments | 1 Bedroom | 1BR,1BA | $1,030 |
Best Value Apartments for Rent in Madison Lake, MN and Nearby
As of March 10, 2026 the best value apartment in the Madison Lake area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value Madison Lake apartment is the Three Bedroom One Half Bathroom Model at Sibley Village Townhomes starting at $1,795 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 | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| Sibley Village Townhomes | Three Bedroom One Half Bathroom | 3BR,1.5BA | $1.16 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.17 |
| Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.34 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.22 |
| Autumn Wind Townhomes | Three Bedroom | 3BR,1.5BA | $1.27 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| Rita Road | 2 Bed 1 Bath | 2BR,1BA | $1.18 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Lewis Lofts | 1a1t | 1BR,1BA | $1.27 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 Madison Lake, MN Rentals by Map
See the most popular apartments and homes in Madison Lake, MN
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 Village Place Apartments listed at $735.
How much is rent for a Cheap One Bedroom Madison Lake Apartment?
The lowest price for a Cheap One Bedroom Madison Lake Apartment is $784 at Lewis Lofts.
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 $1,000 at Rita Road.
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 $1,349.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.