
Cheap Homes for Rent in Medicine Lake, MN from $1,200 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Medicine Lake.


2700 Rosalyn Ct

2720 Rosalyn Ct

10401 Cedar Lk Rd S

10301 Cedar Lk Rd S

2730 Rosalyn Ct
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.

4350 Trenton Ln N

10840 Rockford Rd, Unit Apt 203

4003 Welcome Ave N

1305 Flag Ave N, Unit 2 Low

10301 Cedar Lk Rd S

2800 Hillsboro Ave N
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

How much does it cost to rent a home in Medicine Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Medicine Lake 2 Bedroom Homes for Rent | $1,915 | $1,399 | $2,750 |
| Medicine Lake 3 Bedroom Homes for Rent | $2,954 | $1,650 | $7,500 |
| Medicine Lake 4 Bedroom Homes for Rent | $4,346 | $2,795 | $8,995 |
| Medicine Lake 5 Bedroom Homes for Rent | $6,000 | $3,500 | $9,500 |
Browse Top Homes for Rent in Medicine Lake
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Medicine Lake, MN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crown Ridge Apartments | Washington | 1BR,1BA | $1,099 |
| Trentwood Apartments | One Bedroom | 1BR,1BA | $1,188 |
| Four Seasons Villa | 1BD | 1BR,1BA | $1,230 |
| Countryside Estates | Greenwood | 1BR,1BA | $1,283 |
| Lancaster Village Apartments | 1 Bedroom Large | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Ridge Apartments | Three Bedroom | 3BR,2BA | $1.57 |
| Fox Forest | Hawthorne | 2BR,1.5BA | $1.66 |
| Mallard Creek | Eagle | 2BR,2BA | $1.77 |
| 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 | $1.58 |
| Four Seasons Villa | 1BD | 1BR,1BA | $1.37 |
| Countryside Estates | Westwood | 2BR,1BA | $1.73 |
| 11210 & 11215 12th Avenue | 2 Bedroom 1 Bathroom | 2BR,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 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!
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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

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.