
Cheap Apartments for Rent in Madison Lake, MN from $500 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison Lake.


F and H Apartments

442 Belgrade Ave

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Highland Hills Apartments

Glenwood Terrace

Le Sueur Apartments

Tiller+Main

Village Place Apartments of Mankato

Cherry Ridge Apartments

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Village Court Apartments
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

Huntington Hills Apartments & Townhomes

Town's Edge Place Apartments

Gray Hawk Apartments

Southwood Flats

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Hoover Estates

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Woodside Apartments

Greenfield Estates I & II

Cherry Square

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The Edge Apartments
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.

Philipp Square Senior Apartments 55+

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Augusta Park Estates

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Pfau Reed Apartments

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River Bluff Apartments

Riverfront Court

Village Place Flats

Skyway Properties LLC

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The Alma

Traverse Green

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RoK Lofts
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

Dublin Road Townhomes

The Forde

Capital Lofts

Cedar Meadow Apartments

Cardinal Creek Apartments

Ohana Apartments

Total Monthly Price
Axis Lofts

Lewis Lofts

109 4th Ave SE
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.

Autumn Glen Townhomes

Knollcrest

201 Pilgrim St

325 E Washington St

107 S 5th St

Rita Road

815 N 4th St

325.5 McKinley Ave

Creekside Townhomes

1738-1740 Colette Dr
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

How much does it cost to rent an apartment in Madison Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Lake Studio Apartments | $1,154 | $900 | $1,315 |
| Madison Lake 1 Bedroom Apartments | $1,241 | $825 | $2,155 |
| Madison Lake 2 Bedroom Apartments | $1,337 | $875 | $2,025 |
| Madison Lake 3 Bedroom Apartments | $1,586 | $925 | $2,150 |
| Madison Lake 4 Bedroom Apartments | $1,880 | $1,780 | $1,980 |
Browse Top Apartments in Madison Lake
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Madison Lake, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| F and H Apartments | 1 Bed, 1 bath | 1BR,1BA | $825 |
| 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 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $995 |
| 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 |
| Southwood Flats | 1 Bed, 1 Bath (Phase 1) | 1BR,1BA | $1,049 |
| Lewis Lofts | 1a1t | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Market | 3BR,1.5BA | $1.20 |
| Woodside Apartments | Three Bedroom | 3BR,2BA | $1.31 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.22 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.02 |
| Riverfront Court | Three Bedroom Two Bath | 3BR,2BA | $1.36 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.30 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.12 |
| Town's Edge Place Apartments | 2 Bedroom | 2BR,1BA | $1.40 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $1.21 |
| Bunting Lane Apartments | Individual 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.
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 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
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

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.

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.

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.

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.