Cheap Apartments for Rent in the Lakewood Village Neighborhood of Minneapolis, MN from $500 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lakewood Village area of Minneapolis.

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Cedric's Landing
$1,000 - $1,900
Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,900

Total Monthly Price
$1,000 - $1,900
Studio to 2 Bedroom Apartments Available Apr 11

Cedric's Landing

5680 Hadley Ave NOakdale, MN 55128
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  • Customer Reviewed
  • 3D Tour
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Village Manor Apartments
Rent Specials
$1,109 - $1,634
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100 - $1,625
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Village Manor Apartments

2327 11th Ave ENorth St. Paul, MN 55109
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  • Customer Reviewed

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.

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Manitou Ridge Apartments
Studio to 2 Bedroom Apartments

Manitou Ridge Apartments

3149 McKnight Rd NWhite Bear Lake, MN 55110
  • Utilities Included
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Midtown Apartments
Studio to 1 Bedroom Apartments

Midtown Apartments

2500 E 7th St ENorth St. Paul, MN 55109
  • Utilities Included

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.

Lakewood Village, Minneapolis, MN Local Guide

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 Pinehurst Apartments priced from $1,125. White Bear Terrace has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,215. Here are the most affordable Lakewood Village apartments for rent in Minneapolis, MN:

Apartment ListingModel NameBed/BathPriced From
Pinehurst ApartmentsPark Side One Bedroom1BR,1BA$1,125
White Bear TerraceTwo Bedroom 21A2BR,1BA$1,215
Northgate Crossing ApartmentsRenovated Large 1 Bedroom1BR,1BA$1,239
White Bear Royal1x1 7601BR,1BA$1,250
Birch ParkTwo Bedroom/One Bath2BR,1BA$1,260

Best Value Apartments for Rent in Lakewood Village, MN

As of April 10, 2026 the best value apartment in the Lakewood Village area is the $1.40 price per square foot Three Bedroom Model at Hoffman Place in the in the Hoffmans Corner neighborhood starting from $1,978. The second greatest value Lakewood Village apartment is the Two bedroom/Two bath Model at Conifer Ridge Apartments starting at $1,870 with a $1.91 price per square foot in the Gladstone neighborhood. Here is today’s list of the best values for Lakewood Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hoffman PlaceThree Bedroom3BR,3BA$1.40
Conifer Ridge ApartmentsTwo bedroom/Two bath2BR,2BA$1.91
White Bear TerraceTwo Bedroom 21A2BR,1BA$1.27
White Bear Manor Apartments2BR/1BA2BR,1BA$1.42
Birch ParkTwo Bedroom/One Bath Corner2BR,1BA$1.60
BRIARCLIFF APARTMENTS2/1 Walnut 792sf2BR,1BA$1.96
White Bear Royal1x1 7601BR,1BA$1.64
Boulders Senior Living Apartments1 BR A1BR,1BA$1.93
Cherry Court ApartmentsThe Apple1BR,1BA$1.98
Pinehurst ApartmentsPark Side One Bedroom1BR,1BA$1.76

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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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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Pet Friendly Lifestyle
Lakewood Village, Minneapolis, MN

Ranked #120

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Lakewood Village Apartments

What is the price of a cheap apartment in Lakewood Village?

The cheapest apartment in Lakewood Village is Pinehurst Apartments which is listed at $1,125, while the average apartment in Lakewood Village costs $1,870.

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 16 regular apartments in Lakewood Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.