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$875 - $975
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Sep 1Geneva Village
6040 40th St NOakdale, MN 55128
Cheap Apartments for Rent in the Lakewood Village Neighborhood of Minneapolis, MN from $520 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakewood Village area of Minneapolis.
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$1,064 - $1,702
Plus Fees
1 to 3 Bedroom Apartments Contact Us For AvailabilityCedarview Commons
2376 Ariel St NSt. Paul, MN 55109
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$1,071 - $1,411
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,069 - $1,409
Required Monthly Fees
$2
Total Monthly Price
$1,071 - $1,411
White Bear Manor Apartments
1820 Birch StWhite Bear Lake, MN 55110
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$1,094 - $1,244
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Sep 1Total Monthly Price
Base Rent
$1,075 - $1,225
Required Monthly Fees
$19
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$1,094 - $1,244
Pinehurst Apartments
1801-1821 Cedar AveWhite Bear Lake, MN 55110
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$1,095 - $1,325
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1 to 2 Bedroom Apartments Available NowArcadia Park Apartments
2177 Burke Ave ENorth St. Paul, MN 55109
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$1,1001 Bedroom Apartments Available Sep 1
329 Kimberly Rd, Unit 2
329 Kimberly RdWillernie, MN 55090
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Get the inside scoop on Minneapolis apartment living from a local expert. Explore the best neighborhoods for renting, fascinating history, top attractions, and must-try dining.
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$1,103 - $1,399
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,099 - $1,395
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Northgate Crossing Apartments
2455 2nd St NNorth St. Paul, MN 55109
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$1,165 - $1,590
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2 Bedroom Apartments Available NowWhite Bear Terrace
3908 Hoffman RdWhite Bear Lake, MN 55110
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Studio to 2 Bedroom Apartments
Manitou Ridge Apartments
3149 McKnight Rd NWhite Bear Lake, MN 55110
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2 Bedroom Apartments
Bellaire Twin Homes
3111-3119 Bellaire AveMaplewood, MN 55109
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1 to 2 Bedroom Apartments
Piccadilly Square 62+ Senior Living
70 Mahtomedi AveMahtomedi, MN 55115
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1 to 2 Bedroom Apartments
Cypress Senior Living Apartments
4994 Hamlet Ave NOakdale, MN 55128
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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1 to 2 Bedroom Apartments
Village Manor Apartments
2327 11th Ave ENorth St. Paul, MN 55109
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Lakewood Village, Minneapolis, MN Local Guide
Target Field
in Minneapolis by Flickr User: mulad is licensed under CC BY 2.0
How much does it cost to rent an apartment in Lakewood Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakewood Village Studio Apartments | $1,441 | $1,248 | $1,675 |
| Lakewood Village 1 Bedroom Apartments | $1,552 | $875 | $2,685 |
| Lakewood Village 2 Bedroom Apartments | $1,891 | $975 | $2,640 |
| Lakewood Village 3 Bedroom Apartments | $2,321 | $1,702 | $2,719 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 13 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
- Nearby Minneapolis neighborhoods
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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 Arcadia Park Apartments priced from $1,095. White Bear Terrace has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,165. Here are the most affordable Lakewood Village apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arcadia Park Apartments | One Bed One Bath | 1BR,1BA | $1,095 |
| White Bear Terrace | Two Bedroom 21A | 2BR,1BA | $1,165 |
| Cherry Court Apartments | The Apple | 1BR,1BA | $1,208 |
| Northgate Crossing Apartments | Renovated Medium 1 Bedroom | 1BR,1BA | $1,239 |
| Cedric's Landing | Studio, 1 Bathroom | Studio,1BA | $1,248 |
Best Value Apartments for Rent in Lakewood Village, MN
As of August 24, 2026 the best value apartment in the Lakewood Village area is the $1.62 price per square foot 2 Bedroom - 2B Model at Maple Ridge Apartment Homes in the in the White Bear Lake neighborhood starting from $1,850. The second greatest value Lakewood Village apartment is the Two Bedroom Model at Hoffman Place starting at $1,717 with a $1.62 price per square foot in the White Bear Lake 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. |
|---|---|---|---|
| Maple Ridge Apartment Homes | 2 Bedroom - 2B | 2BR,2BA | $1.62 |
| Hoffman Place | Two Bedroom | 2BR,2BA | $1.62 |
| BRIARCLIFF APARTMENTS | Balsam | 3BR,2BA | $1.69 |
| Vista Point | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.71 |
| White Bear Terrace | Two Bedroom 21A | 2BR,1BA | $1.21 |
| White Bear Manor Apartments | 2BR/1BA | 2BR,1BA | $1.50 |
| Birch Park | Two Bedroom/One Bath Corner | 2BR,1BA | $1.60 |
| Bellaire Estates | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.66 |
| White Bear Royal | 1x1 760 | 1BR,1BA | $1.78 |
| Eastgate Apartments | 1 Bedroom Renovated | 1BR,1BA | $1.77 |
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.
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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.
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.
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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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Pet Friendly LifestyleLakewood Village, Minneapolis, MN
Ranked #120
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 $1,350.
What is the price of a cheap apartment in Lakewood Village?
The cheapest apartment in Lakewood Village is Arcadia Park Apartments which is listed at $1,095, while the average apartment in Lakewood Village costs $1,600.
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 10 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 $434 which is $1,166 cheaper than the average rent for all rentals in Lakewood Village.
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.
Helpful Local Expert Guides
Authentic Minneapolis: An Insider's Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.
Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.