Cheap Apartments for Rent in Minnesota Lake, MN from $500 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in Minnesota Lake.

property at 101 Park St N

$750

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

2 Bedroom, 1 Bath Townhome for Rent

Available Now

101 Park St N

Minnesota LakeMN56068

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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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.

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Hoover Estates
$1,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Required Monthly Fees
$15
Total Monthly Price
$1,065
2 Bedroom Apartments Available Now

Hoover Estates

1866 Lee BlvdNorth Mankato, MN 56003
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  • Utilities Included
  • 3D Tour
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River Bluff Apartments
Rent Specials
$1,100 - $1,530
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,070 - $1,500
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Outdoors
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  • Customer Reviewed
  • 3D Tour
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Woodside Apartments
$1,110 - $1,690
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095 - $1,675
Required Monthly Fees
$15
Total Monthly Price
$1,110 - $1,690
Studio to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour

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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Augusta Park Estates
Rent Specials
$1,120 - $1,899
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,120 - $1,899
Total Monthly Price
$1,120 - $1,899
Studio to 2 Bedroom Apartments Available Now

Augusta Park Estates

1690 Premier DrMankato, MN 56001
Pet Friendly
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  • Utilities Included
  • 3D Tour
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West Lake Meadows
Rent Specials
$1,125 - $1,595
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,125 - $1,595
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

West Lake Meadows

1575 24th Ave NWOwatonna, MN 55060
Corporate Housing
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  • Utilities Included
  • 3D Tour
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The Alma
$1,131
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,101
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

The Alma

105 E Walnut StMankato, MN 56001
Transit Friendly
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  • 3D Tour
  • Smoke Free
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Lewis Lofts
1 to 2 Bedroom Apartments

Lewis Lofts

209 Dewey StMankato, MN 56001
Senior Living
  • Utilities Included
property at 207 E 4th St

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825

Studio, 1 Bath Condo for Rent

Available Now

207 E 4th St

Albert LeaMN56007
property at 702 E Main St

$850

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

Studio, 1 Bath Home for Rent

Available Now

702 E Main St

Albert LeaMN56007

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Knollcrest
2 Bedroom Apartments

Knollcrest

120-122 Knollcrest DrMankato, MN 56001
  • Utilities Included
property at 930 S Broadway Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

2 Bedroom, 1 Bath Condo for Rent

Available Jun 5

930 S Broadway Ave

Albert LeaMN56007
property at 1203 11th St NW

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

3 Bedroom, 2 Bath Home for Rent

Available Now

1203 11th St NW

AustinMN55912
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201 Pilgrim St
2 Bedroom Apartments

201 Pilgrim St

201 Pilgrim StSaint Clair, MN 56080
  • Utilities Included
property at 325 E Washington St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025
Total Monthly Price
$1,025

2 Bedroom Rentals

Available Now

325 E Washington St

MankatoMN56001
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107 S 5th St
Studio to 2 Bedroom Apartments

107 S 5th St

107 S 5th StMankato, MN 56001

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 240 E Rice St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

1 Bedroom, 1 Bath Townhome for Rent

Available Jul 10

240 E Rice St

OwatonnaMN55060
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Pfau Reed Apartments
2 Bedroom Apartments

Pfau Reed Apartments

610-620 Reed StMankato, MN 56001
  • Utilities Included
property at 514 S Grove Ave

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175
Total Monthly Price
$1,175

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

514 S Grove Ave

OwatonnaMN55060
property at 1111 4th St NW

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Jul 3

1111 4th St NW

AustinMN55912
Showing Results 1-44, Page 1 of 1

Minnesota Lake, MN Local Guide

Cheapest Available Minnesota Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Minnesota Lake, MN is a 2 Beds unit found at Meadow Bloom Apartments priced from $607. CityView Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Minnesota Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadow Bloom Apartments2 Bedroom2BR,1BA$607
CityView ApartmentsStudioStudio,1BA$650
F and H Apartments1 Bed, 1 bath1BR,1BA$825
442 Belgrade AveOne Bedroom1BR,1BA$835
Lewis Lofts1a1t1BR,1BA$855
Glenwood Terrace1 BR/1 BA1BR,1BA$880
Bricelyn PlazaOne bedroom1BR,1BA$900
A-Lea ApartmentsB and C Buildings1BR,1BA$900
Kee Valley Apartments1 Bed, 1 bath1BR,1BA$900
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$928

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

As of May 30, 2026 the best value apartment in the Minnesota Lake area is the $1.19 price per square foot 3 bed 2.5 bath (Exterior) Model at Fox Run Townhomes in the in the City Center Mankato neighborhood starting from $2,095. The second greatest value Minnesota Lake apartment is the Three Bedroom One Half Bathroom Model at Sibley Village Townhomes starting at $1,795 with a $1.16 price per square foot in the University neighborhood. Here is today’s list of the best values for Minnesota Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fox Run Townhomes3 bed 2.5 bath (Exterior)3BR,2.5BA$1.19
Sibley Village TownhomesThree Bedroom One Half Bathroom3BR,1.5BA$1.16
Skye Lofts Apartments2 Bedroom Loft2BR,1.5BA$1.09
Dublin Road Townhomes3 Bedroom 1.5 Bath Market3BR,1.5BA$1.20
Cherry Ridge ApartmentsTax Credit2BR,1BA$1.21
Kee Valley Apartments2 Beds, 1 bath2BR,1BA$1.14
442 Belgrade AveOne Bedroom1BR,1BA$1.04
CityView Apartments2 bedroom2BR,1BA$1.08
Meadow Bloom Apartments2 Bedroom2BR,1BA$0.79
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92

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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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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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 Minnesota Lake, MN Rentals by Map

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Frequently Asked Questions about Cheap Minnesota Lake Apartments

What is the Cheapest Studio apartment in Minnesota Lake?

Currently the most affordable Cheap Studio Apartment in Minnesota Lake is at CityView Apartments listed at $650.

How much is rent for a Cheap One Bedroom Minnesota Lake Apartment?

The lowest price for a Cheap One Bedroom Minnesota Lake Apartment is $745 at CityView Apartments.

What is the lowest price for a Cheap Two Bedroom Minnesota Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Minnesota Lake is starting from $607 at Meadow Bloom Apartments.

What is the most affordable Minnesota Lake Three Bedroom Apartment?

The best deal on a cheap Minnesota Lake Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,299.

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 Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.