207 NW Frank Ave
ElysianMN56028
Cheap Homes for Rent in Madison Lake, MN from $1,000 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Madison Lake.
325 E Washington St
MankatoMN56001
114 Lynn Ln
MankatoMN56001
121 Lynn Ln
MankatoMN56001
152 Lynn Ln
MankatoMN56001
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.
142 Lynn Ln
MankatoMN56001
127 Laurinda Ln
MankatoMN56001
306 Louva Ln
MankatoMN56001
110 Maple Dr
MankatoMN56001
34 Wood Dr
MankatoMN56001
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.
128 Maple Dr
MankatoMN56001
Showing Results 1-11, Page 1 of 1
Madison Lake, MN Local Guide
Jucy Lucy by Albert Leung is licensed under CC BY 2.0
How much does it cost to rent a home in Madison Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Lake 2 Bedroom Homes for Rent | $1,449 | $1,000 | $1,850 |
| Madison Lake 3 Bedroom Homes for Rent | $1,675 | $1,290 | $2,600 |
| Madison Lake 4 Bedroom Homes for Rent | $1,695 | $1,540 | $1,995 |
| Madison Lake 5 Bedroom Homes for Rent | $2,133 | $1,850 | $2,295 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 Lewis Lofts in the University neighborhood priced from $784. Village Place Apartments in the University neighborhood has the second lowest priced unit, which is a Studio 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 |
|---|---|---|---|
| Lewis Lofts | 1a1t | 1BR,1BA | $784 |
| Village Place Apartments | Studio | Studio,1BA | $835 |
| Glenwood Terrace | 1 BR/1 BA | 1BR,1BA | $880 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Autumn Glen Townhomes | 1 Bedroom | 1BR,1BA | $900 |
Best Value Apartments for Rent in Madison Lake, MN and Nearby
As of February 04, 2026 the best value apartment in the Madison Lake area is the $1.19 price per square foot Fox Run Townhomes 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 442 Belgrade Ave starting at $1,050 with a $0.66 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 | Fox Run Townhomes | 3BR,2.5BA | $1.19 |
| 442 Belgrade Ave | Three Bedroom | 3BR,2BA | $0.66 |
| Sibley Village Townhomes | Three Bedroom One Half Bathroom | 3BR,1.5BA | $1.16 |
| Wolf Point Townhomes | Three Bedroom | 3BR,2.5BA | $1.17 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.17 |
| Autumn Wind Townhomes | Three Bedroom | 3BR,1.5BA | $1.27 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.00 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Autumn Glen Townhomes | 1 Bedroom | 1BR,1BA | $1.24 |
| 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.
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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.
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
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See the most popular apartments and homes in Madison Lake, MN
Frequently Asked Questions about Madison Lake
What type of rentals are currently available in Madison Lake?
There are currently 66 Apartments for Rent in Madison Lake, MN with pricing that ranges from $370 to $2,830. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Lake ranging from $1,000 to $2,600.
What is the current price range for Rental Homes in Madison Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison Lake ranges from $1,000 to $2,600 with an average monthly rent of $1,624.
How much are larger Three and Four Bedroom Rentals in Madison Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison Lake range from $450 to $2,830, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,290 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,540 and Four Bedroom Apartments start at $445.
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
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.