305 S Broadway St
New UlmMN56073
Cheap Homes for Rent in Madison Lake, MN from $900 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Madison Lake.
325 E Washington St
MankatoMN56001
240 E Rice St
OwatonnaMN55060
815 N 4th St
MankatoMN56001
418 Allan Ave
North MankatoMN56003
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.
1108 N 6th St
MankatoMN56001
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$1,3002 Bedroom Apartments Available Now
28656 W Lake Dr, Unit 28656
28656 W Lake DrMadison Lake, MN 56063
730 N Broad St
MankatoMN56001
51 Viking Terrace
NorthfieldMN55057
319 E Main St
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.
960 N 3rd St
St. PeterMN56082
340 Webster Ave
North MankatoMN56003
242 Belgrade Ave
North MankatoMN56003
725 N 6th St
MankatoMN56001
306 Louva Ln
MankatoMN56001
Cash 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.
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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 | $1,559 | $1,025 | $2,010 |
| Madison Lake 3 Bedroom Homes for Rent | $1,632 | $1,150 | $2,395 |
| Madison Lake 4 Bedroom Homes for Rent | $2,055 | $1,324 | $2,995 |
| Madison Lake 5 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
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 F and H Apartments priced from $825. 442 Belgrade Ave in the City Center Mankato neighborhood has the second lowest priced unit, which is a 1 Bed 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 |
|---|---|---|---|
| F and H Apartments | 1 Bed, 1 bath | 1BR,1BA | $825 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Tiller+Main | Studio | Studio,1BA | $900 |
Best Value Apartments for Rent in Madison Lake, MN and Nearby
As of June 24, 2026 the best value apartment in the Madison Lake area is the $1.13 price per square foot Fox Run Townhomes Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $1,995. The second greatest value Madison Lake apartment is the 2 Bedroom 1 Bath Model at Tartan Glen starting at $1,550 with a $1.22 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 | Fox Run Townhomes | 2BR,2.5BA | $1.13 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.02 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $0.94 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.30 |
| Village Court Apartments | 2 Bed, 1 Bath (renovated) | 2BR,1BA | $1.33 |
| Huntington Hills Apartments & Townhomes | 2 Bedroom Apartment | 2BR,1BA | $1.37 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $1.04 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $1.37 |
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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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.
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Explore Madison Lake, MN Rentals by Map
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 70 Apartments for Rent in Madison Lake, MN with pricing that ranges from $750 to $2,415. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Lake ranging from $945 to $2,995.
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 $945 to $2,995 with an average monthly rent of $1,751.
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 $925 to $2,415, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,324 and Four Bedroom Apartments start at $1,780.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.