960 N 3rd St
St. PeterMN56082
Cheap Homes for Rent in Madison Lake, MN from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Madison Lake.
300 Jefferson Ave
St. PeterMN56082
525 S 5th 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.
122 Lynn Ln
MankatoMN56001
121 Laurinda Ln
MankatoMN56001
145 Lynn Ln
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.
123 Lynn Ln
MankatoMN56001
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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 | $1,536 | $1,095 | $2,100 |
| Madison Lake 3 Bedroom Homes for Rent | $1,727 | $1,275 | $2,400 |
| Madison Lake 4 Bedroom Homes for Rent | $2,258 | $1,980 | $3,250 |
| Madison Lake 5 Bedroom Homes for Rent | $2,247 | $1,695 | $2,800 |
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 Le Sueur Apartments priced from $895. Village Court Apartments in the City Center Mankato neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Madison Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Le Sueur Apartments | 1 Bedroom | 1BR,1BA | $895 |
| Village Court Apartments | 1 Bed, 1 Bath (original) | 1BR,1BA | $899 |
| Tiller+Main | Studio | Studio,1BA | $900 |
Best Value Apartments for Rent in Madison Lake, MN and Nearby
As of September 06, 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 Timberwolf Townhomes starting at $1,850 with a $1.20 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 |
| Timberwolf Townhomes | Three Bedroom | 3BR,2.5BA | $1.20 |
| Wolf Point Townhomes | Three Bedroom | 3BR,2.5BA | $1.28 |
| Cherry Ridge Apartments | Tax Credit | 3BR,2BA | $0.93 |
| Tartan Glen | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| Augusta Commons | 3 Bedroom 2 Bath | 3BR,2BA | $1.27 |
| 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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Frequently Asked Questions about Madison Lake
What type of rentals are currently available in Madison Lake?
There are currently 61 Apartments for Rent in Madison Lake, MN with pricing that ranges from $895 to $2,095. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Lake ranging from $995 to $3,250.
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 $995 to $3,250 with an average monthly rent of $1,777.
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 $1,250 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,980 and Four Bedroom Apartments start at $1,600.
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.