
Cheap Homes for Rent in Mahtomedi, MN from $1,500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Mahtomedi.


2193 1st St

1326 Clarence St

623 Maryland Ave E

137 Skyline Dr
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.

571 County Rd B E

4140 Rice St

154 Cimarron

691 Cimarron

1168 Lane Pl
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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.

14891 Generation Ave N
Mahtomedi, MN Local Guide

How much does it cost to rent a home in Mahtomedi?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mahtomedi 2 Bedroom Homes for Rent | $1,997 | $1,500 | $2,395 |
| Mahtomedi 3 Bedroom Homes for Rent | $2,501 | $1,800 | $4,300 |
| Mahtomedi 4 Bedroom Homes for Rent | $3,450 | $2,400 | $4,500 |
| Mahtomedi 5 Bedroom Homes for Rent | $4,539 | $3,500 | $7,000 |
| Mahtomedi 6 Bedroom Homes for Rent | $5,995 | $5,995 | $5,995 |
Browse Top Homes for Rent in Mahtomedi
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Mahtomedi, MN Local Guide
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Cheapest Available Mahtomedi Apartments for Rent and Nearby
 The cheapest available apartment rental in Mahtomedi, MN is a 1 Bed unit found at Village Manor Apartments in the Ledgestone neighborhood priced from $1,104. Cherry Court Apartments in the Ledgestone neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,204. Here is today’s list of the most affordable Mahtomedi apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Manor Apartments | Hamlet | 1BR,1BA | $1,104 |
| Cherry Court Apartments | The Apple | 1BR,1BA | $1,204 |
| Northgate Crossing Apartments | Renovated Large 1 Bedroom | 1BR,1BA | $1,239 |
| Vista Point | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,280 |
| Cedric's Landing | Studio, 1 Bathroom | Studio,1BA | $1,404 |
Best Value Apartments for Rent in Mahtomedi, MN and Nearby
As of May 22, 2026 the best value apartment in the Mahtomedi area is the $1.85 price per square foot INK Model at Article No. 7 in the in the Ledgestone neighborhood starting from $2,163. The second greatest value Mahtomedi apartment is the 2/2 A Model at Lakewood Hills Apartments starting at $1,700 with a $1.68 price per square foot in the Ledgestone neighborhood. Here is today’s list of the best values for Mahtomedi apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Article No. 7 | INK | 2BR,2BA | $1.85 |
| Lakewood Hills Apartments | 2/2 A | 2BR,2BA | $1.68 |
| Eastgate Apartments | 2 Bedroom Renovated | 2BR,1BA | $1.63 |
| Bellaire Estates | Renovated Large 2 Bedroom | 2BR,1BA | $1.56 |
| The Sentinel Residence | A6 | 1BR,1BA | $1.93 |
| Central Village Apartments | 2 Bed Renovated - 2514 | 2BR,2BA | $1.95 |
| BRIARCLIFF APARTMENTS | Walnut | 2BR,1BA | $1.96 |
| Vista Point | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.95 |
| Cherry Court Apartments | The Apple | 1BR,1BA | $1.85 |
| Northgate Crossing Apartments | Renovated Large 1 Bedroom | 1BR,1BA | $2.21 |
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 ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
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Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Best Local Schools in Mahtomedi, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mahtomedi, MN Rentals by Map
See the most popular apartments and homes in Mahtomedi, MN
Frequently Asked Questions about Mahtomedi
What type of rentals are currently available in Mahtomedi?
There are currently 61 Apartments for Rent in Mahtomedi, MN with pricing that ranges from $875 to $2,869. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mahtomedi ranging from $1,500 to $7,000.
What is the current price range for Rental Homes in Mahtomedi?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mahtomedi ranges from $1,500 to $7,000 with an average monthly rent of $3,829.
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.
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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.

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