
Cheap Homes for Rent in Minnesota Lake, MN from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Minnesota Lake.


207 E 4th St

325 E Washington St

913 Abbott St, Unit 202

114 Lynn Ln

815 N 4th St
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.

418 Allan Ave

103 Main St E

325.5 McKinley Ave

950 S 3rd Ave

121 Lynn Ln

1111 4th St NW
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.
Minnesota Lake, MN Local Guide

How much does it cost to rent a home in Minnesota Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Minnesota Lake 2 Bedroom Homes for Rent | $1,365 | $700 | $1,750 |
| Minnesota Lake 3 Bedroom Homes for Rent | $1,721 | $1,150 | $2,395 |
| Minnesota Lake 4 Bedroom Homes for Rent | $2,020 | $1,425 | $2,679 |
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Minnesota Lake, MN Local Guide
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Cheapest Available Minnesota Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Minnesota Lake, MN is a 1 Bed unit found at Village Place Apartments of Mankato in the University neighborhood priced from $625. Skye Lofts Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $790. Here is today’s list of the most affordable Minnesota Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $625 |
| Skye Lofts Apartments | 1 Bedroom Unit | 1BR,1BA | $790 |
| F and H Apartments | 1 Bed, 1 bath | 1BR,1BA | $825 |
| 442 Belgrade Ave | One Bedroom | 1BR,1BA | $835 |
| Lewis Lofts | 1a1t | 1BR,1BA | $855 |
Best Value Apartments for Rent in Minnesota Lake, MN and Nearby
As of July 14, 2026 the best value apartment in the Minnesota Lake area is the $1.23 price per square foot New 3Br, 2.5 Bath @ Willow Cascades! Model at Willow Cascades Townhomes in the in the University neighborhood starting from $1,850. The second greatest value Minnesota Lake apartment is the 2 Bedroom Loft Model at Skye Lofts Apartments starting at $1,490 with a $1.09 price per square foot . Here is today’s list of the best values for Minnesota Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Willow Cascades Townhomes | New 3Br, 2.5 Bath @ Willow Cascades! | 3BR,2.5BA | $1.23 |
| Skye Lofts Apartments | 2 Bedroom Loft | 2BR,1.5BA | $1.09 |
| Pfau Reed Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.02 |
| Cherry Ridge Apartments | Tax Credit | 2BR,1BA | $0.94 |
| The Edge Apartments | Two Bedroom | 2BR,1BA | $1.30 |
| 442 Belgrade Ave | Two Bedroom | 2BR,1BA | $1.12 |
| Kee Valley Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.14 |
| CityView Apartments | 2 Bed / 1 Bath | 2BR,1BA | $1.10 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Village Place Apartments of Mankato | One Bedroom | 1BR,1BA | $0.88 |
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 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 Minnesota Lake
What type of rentals are currently available in Minnesota Lake?
There are currently 78 Apartments for Rent in Minnesota Lake, MN with pricing that ranges from $625 to $2,350. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minnesota Lake ranging from $700 to $2,679.
What is the current price range for Rental Homes in Minnesota Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Minnesota Lake ranges from $700 to $2,679 with an average monthly rent of $1,454.
How much are larger Three and Four Bedroom Rentals in Minnesota Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Minnesota Lake range from $925 to $2,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,425 and Four Bedroom Apartments start at $1,780.
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.