Cheap Homes for Rent in Minnesota Lake, MN from $700 (9 Rentals)

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Search the lowest-cost Homes 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
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
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

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.

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
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
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
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

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.

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

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

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.

Read Article
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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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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 Minnesota Lake

What type of rentals are currently available in Minnesota Lake?

There are currently 77 Apartments for Rent in Minnesota Lake, MN with pricing that ranges from $607 to $2,794. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Minnesota Lake ranging from $750 to $2,495.

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 $750 to $2,495 with an average monthly rent of $1,470.

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 $2,794, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,495. Four Bedroom Single-Family rentals are also available starting from $1,324 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

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.