633 S 2nd St
MankatoMN56001
Cheap Homes for Rent in Madison Lake, MN from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Madison Lake.
326 E Washington St
MankatoMN56001
325 E Washington St
MankatoMN56001
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.
240 E Rice St
OwatonnaMN55060
94 Viking Terrace
NorthfieldMN55057
418 Allan Ave
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.
28660 W Lake Dr
Madison LakeMN56063
Showing Results 1-7, 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 | $1,511 | $1,025 | $1,725 |
| Madison Lake 3 Bedroom Homes for Rent | $1,691 | $1,120 | $2,495 |
| Madison Lake 4 Bedroom Homes for Rent | $2,256 | $1,324 | $3,950 |
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 |
Best Value Apartments for Rent in Madison Lake, MN and Nearby
As of May 07, 2026 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 New 3Br, 2.5 Bath @ Willow Cascades! Model at Willow Cascades Townhomes starting at $1,850 with a $1.23 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 | 3 bed 2.5 bath (Exterior) | 3BR,2.5BA | $1.19 |
| Willow Cascades Townhomes | New 3Br, 2.5 Bath @ Willow Cascades! | 3BR,2.5BA | $1.23 |
| Sibley Village Townhomes | Two Bedroom One Half Bathroom | 2BR,1.5BA | $1.16 |
| Dublin Road Townhomes | 3 Bedroom 1.5 Bath Affordable | 3BR,1.5BA | $1.19 |
| Fox Meadows Townhomes | Three Bed - Market | 3BR,1.5BA | $1.22 |
| Legacy Park Estates | Three Bedroom 1.75 Bathroom | 3BR,1.75BA | $1.22 |
| Autumn Wind Townhomes | Three Bedroom | 3BR,1.5BA | $1.27 |
| Autumn Glen Townhomes | 2 Bedroom | 2BR,2BA | $1.10 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $1.04 |
| 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 Article
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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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 $2,794. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Lake ranging from $695 to $3,950.
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 $695 to $3,950 with an average monthly rent of $1,659.
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 $2,794, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,120 to $2,495. 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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.