
Cheap Apartments for Rent in Mountain Lake, MN from $300 (76 Rentals)
Search the lowest-cost Apartments available for rent right now in Mountain Lake.


Eytcheson Estates Sherburn

Eytcheson Estates Welcome

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Sunshine Apartments

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Highland Hills Apartments

1212 Heckman Ct

Tallgrass Village

Deer Creek Apartments

Nobles Square Apartments

Downtown Estates
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.

Parkview Apartments

Okabena Tower 62+

442 Belgrade Ave

Hartshorn Manor

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Red Skye Lofts

The Shores at Spirit Lake

Glenwood Terrace

Ashley Estates

Village Place Apartments of Mankato

Valley View Apartments
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.

Village Court Apartments

Trimont Square Apartments

Highland Apartments

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South Shore Apartments

Cherry Ridge Apartments

Commerce Apartments

Sleepy Eye Apartments Homes

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Hoover Estates

Eagle Ridge Townhomes

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Woodside Apartments
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.

Cherry Square

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The Edge Apartments

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River Bluff Apartments

Skyway Properties LLC

Southwood Flats

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Augusta Park Estates

The Heights I - Apartments

Huntington Hills Apartments & Townhomes

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Lakeside Apartments

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Legacy Park Estates
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.

Dublin Road Townhomes

The Forde

520 6th St

Village Place Flats

Cedar Meadow Apartments

Riverfront Court

Cardinal Creek Apartments

Sunrise Manor

Fairview Apartments

Stately Manor Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Mountain Lake, MN Local Guide

How much does it cost to rent an apartment in Mountain Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mountain Lake Studio Apartments | $904 | $750 | $1,315 |
| Mountain Lake 1 Bedroom Apartments | $1,245 | $595 | $2,120 |
| Mountain Lake 2 Bedroom Apartments | $1,442 | $695 | $2,370 |
| Mountain Lake 3 Bedroom Apartments | $1,757 | $1,065 | $2,794 |
| Mountain Lake 4 Bedroom Apartments | $1,832 | $1,780 | $1,980 |
Browse Top Apartments in Mountain Lake
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Mountain Lake, MN Local Guide
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Cheapest Available Mountain Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Mountain Lake, MN is a 1 Bed unit found at 512 Vernon Ave priced from $595. Eytcheson Estates Sherburn has the second lowest priced unit, which is a 2 Beds apartment currently listed from $701. Here is today’s list of the most affordable Mountain Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 512 Vernon Ave | One Bedroom | 1BR,1BA | $595 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $701 |
| Eytcheson Estates Welcome | 1 Bedroom | 2BR,1BA | $701 |
| Sunshine Apartments | 1 Bedroom and 1 bathroom | 1BR,1BA | $725 |
| 1212 Heckman Ct | Studio | Studio,1BA | $750 |
| Tallgrass Village | Studio Apartment | Studio,1BA | $765 |
| Nobles Square Apartments | 1 Bedroom | 1BR,1BA | $785 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $795 |
| Parkview Apartments | 1 Bed, 1 bath | 1BR,1BA | $795 |
| Okabena Tower 62+ | 1 BR/1 BA | 1BR,1BA | $827 |
Best Value Apartments for Rent in Mountain Lake, MN and Nearby
As of June 14, 2026 the best value apartment in the Mountain Lake area is the $0.79 price per square foot Three Bedroom Model at Eagle Ridge Townhomes in the starting from $1,065. The second greatest value Mountain Lake apartment is the 2 Bedroom - Upper Level Model at Windom Landing starting at $975 with a $0.84 price per square foot . Here is today’s list of the best values for Mountain Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eagle Ridge Townhomes | Three Bedroom | 3BR,1.5BA | $0.79 |
| Windom Landing | 2 Bedroom - Upper Level | 2BR,2BA | $0.84 |
| Parkview Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.80 |
| 1212 Heckman Ct | Studio | Studio ,1BA | $0.83 |
| Trimont Square Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.04 |
| 512 Vernon Ave | Two Bedroom | 2BR,1BA | $0.87 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $0.99 |
| Bunting Lane Apartments | Individual Roommates Included! | 2BR,2BA | $0.92 |
| Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
| Eytcheson Estates Welcome | 1 Bedroom | 2BR,1BA | $0.93 |
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!
Explore Mountain Lake, MN Rentals by Map
See the most popular apartments and homes in Mountain Lake, MN
Frequently Asked Questions about Cheap Mountain Lake Apartments
What is the Cheapest Studio apartment in Mountain Lake?
Currently the most affordable Cheap Studio Apartment in Mountain Lake is at 1212 Heckman Ct listed at $750.
How much is rent for a Cheap One Bedroom Mountain Lake Apartment?
The lowest price for a Cheap One Bedroom Mountain Lake Apartment is $595 at 512 Vernon Ave.
What is the lowest price for a Cheap Two Bedroom Mountain Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Mountain Lake is starting from $695 at 512 Vernon Ave.
What is the most affordable Mountain Lake Three Bedroom Apartment?
The best deal on a cheap Mountain Lake Three Bedroom Apartment rental is at Eagle Ridge Townhomes and starts from $1,065.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.