Cheap Homes for Rent in Medicine Lake, MN from $1,200 (12 Rentals)

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

property at 2700 Rosalyn Ct

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

1 Bedroom, 1 Bath Home for Rent

Available Jul 10

2700 Rosalyn Ct

MinneapolisMN55427
property at 2720 Rosalyn Ct

$1,295 - $1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 To 2 Bedroom Rentals

Available Now

2720 Rosalyn Ct

New HopeMN55427
property at 10401 Cedar Lk Rd S

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 Bedroom Rentals

Available Now

10401 Cedar Lk Rd S

MinnetonkaMN55305
property at 10301 Cedar Lk Rd S

$1,250 - $1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom Rentals

Available Now

10301 Cedar Lk Rd S

MinnetonkaMN55305
property at 2730 Rosalyn Ct

$1,399

Total Monthly Price

Total Monthly Price

Base Rent
$1,399

Total Monthly Price
$1,399

2 Bedroom, 1 Bath Home for Rent

Available Jul 25

2730 Rosalyn Ct

MinneapolisMN55427

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.

property at 4350 Trenton Ln N

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

4350 Trenton Ln N

PlymouthMN55442
property at 4003 Welcome Ave N

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

3 Bedroom, 1.5 Bath Home for Rent

Available Now

4003 Welcome Ave N

RobbinsdaleMN55422
property at 10301 Cedar Lk Rd S

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1 Bath Condo for Rent

Available Sep 1

10301 Cedar Lk Rd S

HopkinsMN55305
property at 2800 Hillsboro Ave N

$1,799

Total Monthly Price

Total Monthly Price

Base Rent
$1,799

Total Monthly Price
$1,799

2 Bedroom Rentals

Available Aug 10

2800 Hillsboro Ave N

MinneapolisMN55427

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.

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 Crown Ridge Apartments in the Shelard Park neighborhood priced from $1,099. Trentwood Apartments in the Shelard Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,188. Here is today’s list of the most affordable Medicine Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crown Ridge ApartmentsWashington1BR,1BA$1,099
Trentwood ApartmentsOne Bedroom1BR,1BA$1,188
Four Seasons Villa1BD1BR,1BA$1,230
Countryside EstatesGreenwood1BR,1BA$1,283
Lancaster Village Apartments1 Bedroom Large1BR,1BA$1,299

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

As of July 08, 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 Hawthorne Model at Fox Forest starting at $2,295 with a $1.66 price per square foot in the Timber Creek Crossing Village 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
Fox ForestHawthorne2BR,1.5BA$1.66
Mallard CreekEagle2BR,2BA$1.77
Manor Royal Apartmentsb1s2BR,1BA$1.26
Shelard Village ApartmentsThe Loon2BR,1.5BA$1.62
Plymouth Commons2x2 A2BR,2BA$1.30
Avana MinnetonkaA1E1BR,1BA$1.58
Four Seasons Villa1BD1BR,1BA$1.37
Countryside EstatesWestwood2BR,1BA$1.73
11210 & 11215 12th Avenue2 Bedroom 1 Bathroom2BR,1BA$1.76

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 Article
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Enjoy 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.

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Real 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.

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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.

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

Explore Medicine Lake, MN Rentals by Map

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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 $1,099 to $13,988. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medicine Lake ranging from $1,250 to $9,500.

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 $1,250 to $9,500 with an average monthly rent of $3,330.

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.