
Cheap Homes for Rent in Mahtomedi, MN from $1,100 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Mahtomedi.


1133 Beech St

2269 11th Ave E, Unit #1

4806 Helmo Ave N

542 Hazel St N
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.

4806 Helmo Ave N

493 Cimarron

654 Clear Ave E

116 Skyline Dr

2193 1st St
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.
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 | $1,595 | $1,150 | $1,999 |
| Mahtomedi 3 Bedroom Homes for Rent | $2,347 | $1,659 | $4,250 |
| Mahtomedi 4 Bedroom Homes for Rent | $3,570 | $2,400 | $5,600 |
| Mahtomedi 5 Bedroom Homes for Rent | $4,243 | $2,945 | $7,000 |
| Mahtomedi 6 Bedroom Homes for Rent | $6,065 | $5,500 | $6,995 |
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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 Geneva Village in the Ledgestone neighborhood priced from $875. Cedric's Landing in the Ledgestone neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,056. Here is today’s list of the most affordable Mahtomedi apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Geneva Village | 1 Bed, 1 bath | 1BR,1BA | $875 |
| Cedric's Landing | Studio, 1 Bathroom | Studio,1BA | $1,056 |
| Village Manor Apartments | Hamlet | 1BR,1BA | $1,104 |
Best Value Apartments for Rent in Mahtomedi, MN and Nearby
As of July 06, 2026 the best value apartment in the Mahtomedi area is the $1.00 price per square foot 4806 Helmo Ave N Model at 4806 Helmo Ave N, Unit Large Lower Level Apartment in the in the Ledgestone neighborhood starting from $1,500. The second greatest value Mahtomedi apartment is the 2/2 C Model at Lakewood Hills Apartments starting at $1,965 with a $1.82 price per square foot in the White Bear Lake 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. |
|---|---|---|---|
| 4806 Helmo Ave N, Unit Large Lower Level Apartment | 4806 Helmo Ave N | 1BR,1BA | $1.00 |
| Lakewood Hills Apartments | 2/2 C | 2BR,2BA | $1.82 |
| Vista Point | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.71 |
| Bellaire Estates | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.66 |
| Central Village Apartments | 2 Bed Renovated - 2514 | 2BR,2BA | $1.95 |
| BRIARCLIFF APARTMENTS | Walnut | 2BR,1BA | $1.88 |
| Eastgate Apartments | 1 Bedroom Renovated | 1BR,1BA | $1.90 |
| Geneva Village | 1 Bed, 1 bath | 1BR,1BA | $1.27 |
| Cherry Court Apartments | The Apple | 1BR,1BA | $1.85 |
| Cedric's Landing | Studio, 1 Bathroom | Studio ,1BA | $1.74 |
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
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
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!
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Frequently Asked Questions about Mahtomedi
What type of rentals are currently available in Mahtomedi?
There are currently 62 Apartments for Rent in Mahtomedi, MN with pricing that ranges from $875 to $2,746. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mahtomedi ranging from $1,150 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 $1,150 to $7,000 with an average monthly rent of $3,375.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
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I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
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Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.