Cheap Homes for Rent in Medicine Lake, MN from $1,000 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Done

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

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.

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.

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 1 Bed unit found at Burgundy And Hillsboro in the Brookview neighborhood priced from $1,095. Crown Ridge Apartments in the Shelard Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. Here is today’s list of the most affordable Medicine Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Burgundy And HillsboroA21BR,1BA$1,095
Crown Ridge Apartments2 Bed 1 Bath2BR,1BA$1,100
Four Seasons VillaStudioStudio,1BA$1,150

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

As of September 19, 2025 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 Elmwood Model at ReNew PARKone starting at $2,005 with a $1.57 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.
The Ridge ApartmentsThree Bedroom3BR,2BA$1.57
ReNew PARKoneElmwood2BR,2BA$1.57
Avana MinnetonkaA1P1BR,2BA$1.50
Shelard Village ApartmentsThe Cardinal2BR,2BA$1.63
Wilshire WoodThe Jeanette2BR,1BA$1.42
Westwind Apartments2 Bedroom 2 Bathroom Corner2BR,2BA$1.67
Crown Ridge Apartments2 Bed 1 Bath2BR,1BA$1.20
Medicine Lake ApartmentsWalleye1BR,1BA$1.70
Burgundy And HillsboroA21BR,1BA$1.39
At The Lake1 Bedroom1BR,1BA$1.52

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Medicine Lake, MN Rentals by Map

View Map
Medicine Lake, MN Apartments Map
View Map
Medicine Lake, MN Rental Homes Map

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 $1,018 to $6,362. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medicine Lake ranging from $1,000 to $4,800.

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 $1,000 to $4,800 with an average monthly rent of $2,309.

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.