Cheap Homes for Rent in Medicine Lake, MN from $700 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in Medicine Lake.

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Medicine Lake, MN Local Guide

Cheapest Available Medicine Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Medicine Lake, MN is a 2 Beds unit found at Crown Ridge in the Shelard Park neighborhood priced from $1,100. At The Lake in the Brookview neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,179. Here is today’s list of the most affordable Medicine Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crown Ridge2Bed 1Bath2BR,1BA$1,100
At The Lake1 Bedroom1BR,1BA$1,179
Four Seasons Villa1BD1BR,1BA$1,230

Best Value Apartments for Rent in Medicine Lake, MN and Nearby

As of July 25, 2025 the best value apartment in the Medicine Lake area is the $1.69 price per square foot A1P Model at Avana Minnetonka in the in the Groveland neighborhood starting from $2,003. The second greatest value Medicine Lake apartment is the Birchwood Model at ReNew PARKone starting at $1,900 with a $1.69 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Avana MinnetonkaA1P1BR,2BA$1.69
ReNew PARKoneBirchwood2BR,2BA$1.69
Presidential Estates Townhomes2BR/2.0BA2BR,2BA$1.55
Westwind Apartments2 Bedroom 2 Bathroom Split2BR,2BA$1.68
Burgundy And HillsboroB12BR,1BA$1.39
Crown Ridge2Bed 1Bath2BR,1BA$1.20
Four Seasons Villa1BD1BR,1BA$1.37
Talus ApartmentsOne Bedroom One Bath1BR,1BA$1.64
The Ridge ApartmentsOne Bedroom1BR,1BA$1.57
At The Lake1 Bedroom1BR,1BA$1.52

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Frequently Asked Questions about Medicine Lake

What type of rentals are currently available in Medicine Lake?

There are currently 62 Apartments for Rent in Medicine Lake, MN with pricing that ranges from $900 to $9,613. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medicine Lake ranging from $700 to $12,500.

What is the current price range for Rental Homes in Medicine Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Medicine Lake ranges from $700 to $12,500 with an average monthly rent of $2,598.

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.

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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.