
Cheap Apartments for Rent in Madison Lake, MN from $700 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison Lake.


Southwood Flats

Village Place Apartments

Le Sueur Apartments

Tiller+Main
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.

Total Monthly Price
College Station

Village Court Apartments

Glenwood Terrace

RoK Lofts

Total Monthly Price
The Grove at Mankato

Town's Edge Place Apartments

Knollcrest

Huntington Hills Apartments & Townhomes

Greenfield Estates I & II

Hoover Estates
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.

Gray Hawk Apartments

Total Monthly Price
The Edge Apartments

Philipp Square Senior Apartments 55+

Total Monthly Price
River Bluff Apartments

Rita Road

Skyway Property Holdings, LLC - (Studio 5)

300 Jefferson Ave
The 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.
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 | $945 | $750 | $1,100 |
Madison Lake 1 Bedroom Apartments | $1,281 | $874 | $2,095 |
Madison Lake 2 Bedroom Apartments | $1,446 | $949 | $2,050 |
Madison Lake 3 Bedroom Apartments | $1,565 | $1,250 | $2,095 |
Madison Lake 4 Bedroom Apartments | $1,784 | $1,600 | $1,880 |
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 Studio unit found at Highland Hills Apartments in the University neighborhood priced from $750. Le Sueur Apartments 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 |
---|---|---|---|
Highland Hills Apartments | Studio | Studio,1BA | $750 |
Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
Tiller+Main | Studio | Studio,1BA | $900 |
Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $950 |
Knollcrest | 2 bed | 2BR,1BA | $995 |
Best Value Apartments for Rent in Madison Lake, MN and Nearby
As of September 15, 2025 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 Model at Wolf Point Townhomes starting at $1,965 with a $1.28 price per square foot in the North Industrial Mankato 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 |
Wolf Point Townhomes | Three Bedroom | 3BR,2.5BA | $1.28 |
Timberwolf Townhomes | Three Bedroom | 3BR,2.5BA | $1.20 |
Cherry Ridge Apartments | Tax Credit | 3BR,2BA | $0.93 |
Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
Southwood Flats | 2 Bed, 1 Bath (remodeled) | 2BR,1BA | $1.16 |
Knollcrest | 2 bed | 2BR,1BA | $1.11 |
Gray Hawk Apartments | Large Two Bedroom | 2BR,1BA | $1.21 |
Glenwood Terrace | 2 BR/ 1 BA | 2BR,1BA | $1.14 |
Bunting Lane Apartments | Two Bed | 2BR,1BA | $0.82 |
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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
Getting Around Madison Lake, MN
Walk Score®
28 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Highland Hills Apartments listed at $750.
How much is rent for a Cheap One Bedroom Madison Lake Apartment?
The lowest price for a Cheap One Bedroom Madison Lake Apartment is $895 at Le Sueur 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 $950 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 $1,249.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.