
Cheap Apartments for Rent near Medicine Lake, MN from $900 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Medicine Lake.


Crown Ridge Apartments

Total Monthly Price
Burgundy And Hillsboro

Four Seasons Estates

Total Monthly Price
Trentwood Apartments

Four Seasons Villa

Total Monthly Price
Plymouth Pointe

1304 W Medicine Lake Dr, Unit Apt 118

Lancaster Village Apartments
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.

Total Monthly Price
Willow Creek

Westwind Apartments

Total Monthly Price
Shelard Village Apartments

Manor Royal Apartments

11210 & 11215 12th Avenue

350 Shelard Pkwy

Total Monthly Price
Avana Minnetonka

Total Monthly Price
Talus Apartment Homes

Hello Apartments
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.

Total Monthly Price
Medicine Lake Apartments

10840 Rockford Rd, Unit Apt 203

Total Monthly Price
Vale

Total Monthly Price
The Axis

Total Monthly Price
Creekside Apartments

1305 Flag Ave N, Unit 2 Low

Gates of New Hope

Element

2700 Rosalyn Ct
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.

Countryside Estates

Wilshire Wood

10401 Cedar Lk Rd S

Burgundy Apartments

10301 Cedar Lk Rd S

2730 Rosalyn Ct

Presidential Estates Townhomes

4350 Trenton Ln N

RidgeGate Apartments
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.

4003 Welcome Ave N
Medicine Lake, MN Local Guide

How much does it cost to rent an apartment in Medicine Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Medicine Lake Studio Apartments | $1,713 | $1,354 | $2,558 |
| Medicine Lake 1 Bedroom Apartments | $1,820 | $1,099 | $10,000+ |
| Medicine Lake 2 Bedroom Apartments | $2,407 | $1,298 | $10,000+ |
| Medicine Lake 3 Bedroom Apartments | $3,906 | $1,978 | $10,000+ |
Browse Top Apartments in Medicine Lake
See all Apartments in Medicine LakeExplore Medicine Lake
Medicine Lake, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Medicine Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Medicine Lake, MN is a 1 Bed unit found at Crown Ridge Apartments in the Shelard Park neighborhood priced from $1,099. Burgundy And Hillsboro in the Brookview neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,151. Here is today’s list of the most affordable Medicine Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crown Ridge Apartments | Washington | 1BR,1BA | $1,099 |
| Burgundy And Hillsboro | A2 | 1BR,1BA | $1,151 |
| Trentwood Apartments | One Bedroom | 1BR,1BA | $1,188 |
| Four Seasons Villa | 1BD | 1BR,1BA | $1,230 |
| Plymouth Pointe | A1 | 1BR,1BA | $1,236 |
| Countryside Estates | Greenwood | 1BR,1BA | $1,283 |
| Lancaster Village Apartments | 1 Bedroom Large | 1BR,1BA | $1,299 |
| Plymouth Commons | 2x2 A | 2BR,2BA | $1,350 |
| Westwind Apartments | 1 Bedroom | 1BR,1BA | $1,375 |
| Manor Royal Apartments | b1s | 2BR,1BA | $1,425 |
Best Value Apartments for Rent in Medicine Lake, MN and Nearby
As of July 09, 2026 the best value apartment in the Medicine Lake area is the $1.57 price per square foot Three Bedroom Model at The Ridge Apartments in the in the Groveland neighborhood starting from $2,300. The second greatest value Medicine Lake apartment is the 3x2b S42 Model at Arrive at Medicine Lake starting at $1,499 with a $1.08 price per square foot in the Shelard Park neighborhood. Here is today’s list of the best values for Medicine Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Ridge Apartments | Three Bedroom | 3BR,2BA | $1.57 |
| Arrive at Medicine Lake | 3x2b S42 | 3BR,2BA | $1.08 |
| Fox Forest | Hawthorne | 2BR,1.5BA | $1.66 |
| Manor Royal Apartments | b1s | 2BR,1BA | $1.26 |
| Shelard Village Apartments | The Loon | 2BR,1.5BA | $1.62 |
| Plymouth Commons | 2x2 A | 2BR,2BA | $1.30 |
| Avana Minnetonka | A1E | 1BR,1BA | $1.61 |
| Four Seasons Villa | 1BD | 1BR,1BA | $1.37 |
| Plymouth Pointe | A1 | 1BR,1BA | $1.54 |
| Burgundy And Hillsboro | A2 | 1BR,1BA | $1.44 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Medicine Lake, MN Rentals by Map
See the most popular apartments and homes in Medicine Lake, MN
Frequently Asked Questions about Cheap Medicine Lake Apartments
How much is rent for a Cheap One Bedroom Medicine Lake Apartment?
The lowest price for a Cheap One Bedroom Medicine Lake Apartment is $1,099 at Crown Ridge Apartments.
What is the lowest price for a Cheap Two Bedroom Medicine Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Medicine Lake is starting from $1,298 at Trentwood Apartments.
What is the most affordable Medicine Lake Three Bedroom Apartment?
The best deal on a cheap Medicine Lake Three Bedroom Apartment rental is at Crown Ridge Apartments and starts from $1,978.
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

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.