
Cheap Apartments for Rent in the Lakewood Village Neighborhood of Minneapolis, MN from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood Village area of Minneapolis.


White Bear Manor Apartments

Pinehurst Apartments

Cedarview Commons

Park Avenue Apartments

White Bear Royal

Total Monthly Price
Village Manor Apartments

Boulders Senior Living Apartments

Total Monthly Price
Northgate Crossing Apartments

Total Monthly Price
Cedrics Landing

62+ Community Carefree Cottages of Maplewood
Lakewood Village, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Lakewood Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Village Studio Apartments | $1,323 | $1,200 | $1,466 |
| Lakewood Village 1 Bedroom Apartments | $1,503 | $875 | $2,305 |
| Lakewood Village 2 Bedroom Apartments | $1,798 | $975 | $2,569 |
| Lakewood Village 3 Bedroom Apartments | $2,414 | $1,695 | $2,905 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Lakewood Village Neighborhood of Minneapolis, MN.
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Lakewood Village, Minneapolis, MN Local Guide
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Cheapest Available Lakewood Village Apartments for Rent
 The cheapest available apartment rental in the Lakewood Village area of Minneapolis, MN is a 1 Bed unit found at Geneva Village priced from $875. Cedarview Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,064. Here are the most affordable Lakewood Village apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Geneva Village | 1 Bed, 1 bath | 1BR,1BA | $875 |
| Cedarview Commons | 1 Bedroom Small | 1BR,1BA | $1,064 |
| White Bear Royal | 1x1 760 | 1BR,1BA | $1,100 |
| Boulders Senior Living Apartments | 1BR B | 1BR,1BA | $1,175 |
| Cedrics Landing | Studio | Studio,1BA | $1,200 |
Best Value Apartments for Rent in Lakewood Village, MN
As of November 16, 2025 the best value apartment in the Lakewood Village area is the $1.30 price per square foot Two Bedroom Model at Hoffman Place in the in the Hoffmans Corner neighborhood starting from $1,610. The second greatest value Lakewood Village apartment is the Townhome Model at Park Avenue Apartments starting at $1,500 with a $1.44 price per square foot in the Hoffmans Corner neighborhood. Here is today’s list of the best values for Lakewood Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hoffman Place | Two Bedroom | 2BR,2BA | $1.30 |
| Park Avenue Apartments | Townhome | 2BR,2BA | $1.44 |
| Vista Point | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.69 |
| White Bear Royal | 2X1.5 1000 | 2BR,1.5BA | $1.50 |
| White Bear Terrace | Two Bedroom 21A | 2BR,1BA | $1.26 |
| White Bear Manor Apartments | 2BR/1BA | 2BR,1BA | $1.43 |
| Arcadia Park Apartments | Two Bed One Bath | 2BR,1BA | $1.44 |
| Birch Park | Two Bedroom/One Bath Corner | 2BR,1BA | $1.60 |
| Bellaire Estates | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.66 |
| Geneva Village | 1 Bed, 1 bath | 1BR,1BA | $1.27 |
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Pet Friendly LifestyleLakewood Village, Minneapolis, MN
Ranked #113
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Lakewood Village Apartments
What is a cheap apartment in Lakewood Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood Village is under $1,300.
What is the price of a cheap apartment in Lakewood Village?
The cheapest apartment in Lakewood Village is Geneva Village which is listed at $875, while the average apartment in Lakewood Village costs $2,250.
What types of apartments are the cheapest in Lakewood Village?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 18 regular apartments in Lakewood Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lakewood Village?
Cheap apartments in Lakewood Village have an average cost of $378 which is $1,872 cheaper than the average rent for all rentals in Lakewood Village.
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.

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.




