Cheap Apartments for Rent in Madison Lake, MN from $500 (58 Rentals)

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

property at 4544 Washington Blvd

$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

4544 Washington Blvd

Madison LakeMN56063
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Highland Hills Apartments
$855 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$855 - $1,980

Total Monthly Price
$855 - $1,980
1 to 5 Bedroom Apartments Available Now

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
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  • Customer Reviewed
  • Utilities Included
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Village Court Apartments
Rent Specials
$928 - $1,178
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$928 - $1,178

Total Monthly Price
$928 - $1,178
1 to 2 Bedroom Apartments Available Now

Village Court Apartments

1620 Village CtNorth Mankato, MN 56003
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  • 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 Grove at Mankato
$970 - $1,829
Total Monthly Price11 Month Lease Term

Total Monthly Price

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

Total Monthly Price
$970 - $1,829
1 to 3 Bedroom Apartments Available Now

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
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Hoover Estates
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15

Total Monthly Price
$1,065
2 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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Woodside Apartments
$1,070 - $1,690
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,055 - $1,675
Required Monthly Fees
$15

Total Monthly Price
$1,070 - $1,690
Studio to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
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  • Utilities Included
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The Edge Apartments
Rent Specials
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

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

Total Monthly Price
$1,080 - $1,330
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 Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,120 - $1,899

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

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
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  • Utilities Included
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River Bluff Apartments
Rent Specials
$1,130 - $1,530
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100 - $1,500
Required Monthly Fees
$30

Total Monthly Price
$1,130 - $1,530
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Outdoors
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The Alma
$1,167
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,137
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

The Alma

105 E Walnut StMankato, MN 56001
Transit Friendly
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RoK Lofts
$1,175 - $1,525
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,125 - $1,475
Required Monthly Fees
$50

Total Monthly Price
$1,175 - $1,525
1 to 2 Bedroom Apartments Available Now

RoK Lofts

410 S Minnesota AveSt. Peter, MN 56082
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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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Legacy Park Estates
Rent Specials
$1,214 - $1,689
Total Monthly Price

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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  • Utilities Included
  • 3D Tour
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Axis Lofts
$1,370 - $1,820
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,745
Required Monthly Fees
$75

Total Monthly Price
$1,370 - $1,820
1 Bedroom Apartments Available Aug 1

Axis Lofts

1247 Range StMankato, MN 56001
Furnished
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  • Utilities Included
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Lewis Lofts
1 to 2 Bedroom Apartments

Lewis Lofts

209 Dewey StMankato, MN 56001
Senior Living
  • Utilities Included
property at 109 4th Ave SE

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 1 Bath Home for Rent

Available Now

109 4th Ave SE

MapletonMN56065

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
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201 Pilgrim St
1 to 2 Bedroom Apartments

201 Pilgrim St

201 Pilgrim StSaint Clair, MN 56080
  • Utilities Included
property at 325 E Washington St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

2 Bedroom, 1 Bath Condo for Rent

Available Now

325 E Washington 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 815 N 4th St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

3 Bedroom, 1 Bath Condo for Rent

Available Aug 7

815 N 4th St

MankatoMN56001
property at 325.5 McKinley Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

325.5 McKinley Ave

North MankatoMN56003
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Creekside Townhomes
2 to 3 Bedroom Apartments

Creekside Townhomes

140 Garrison PathEagle Lake, MN 56024
  • Utilities Included
property at 1738-1740 Colette Dr

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1.5 Bath Townhome for Rent

Available Aug 21

1738-1740 Colette Dr

North MankatoMN56003

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 1 Bed unit found at F and H Apartments priced from $825. Le Sueur Apartments in the Le Sueur County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Madison Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
F and H Apartments1 Bed, 1 bath1BR,1BA$825
Le Sueur Apartments1 Bedroom1BR,1BA$895
Tiller+MainStudioStudio,1BA$900
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$928
442 Belgrade AveTwo Bedroom2BR,1BA$995
Cherry Ridge ApartmentsTax Credit2BR,1BA$995
Huntington Hills Apartments & Townhomes1BR Apartment1BR,1BA$1,000
Town's Edge Place Apartments1 Bedroom1BR,1BA$1,033
Southwood Flats1 Bed, 1 Bath (Phase 1)1BR,1BA$1,049
Lewis Lofts1a1t1BR,1BA$1,050

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

As of July 24, 2026 the best value apartment in the Madison Lake area is the $1.20 price per square foot 3 Bedroom 1.5 Bath Market Model at Dublin Road Townhomes in the in the City Center Mankato neighborhood starting from $1,525. The second greatest value Madison Lake apartment is the Three Bedroom Model at Woodside Apartments starting at $1,615 with a $1.31 price per square foot in the Erlandson Park 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.
Dublin Road Townhomes3 Bedroom 1.5 Bath Market3BR,1.5BA$1.20
Woodside ApartmentsThree Bedroom3BR,2BA$1.31
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.22
Pfau Reed Apartments2 Beds, 1 bath2BR,1BA$1.02
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.36
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
442 Belgrade AveTwo Bedroom2BR,1BA$1.12
Town's Edge Place Apartments2 Bedroom2BR,1BA$1.40
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.21
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92

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 Madison Lake, MN Rentals by Map

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Frequently Asked Questions about Cheap Madison Lake Apartments

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 $875 at F and H Apartments.

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 $1,299.

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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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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.