Cheap Apartments for Rent near Mountain Lake, MN from $300 (87 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Highland Hills Apartments
$855 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$855 - $1,980
Total Monthly Price
$855 - $1,980
1 to 5 Bedroom Apartments Available Aug 1

Highland Hills Apartments

1340 Warren StMankato, MN 56001
Active Lifestyle
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  • Utilities Included
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Red Skye Lofts
$860 - $2,660
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $2,600
Required Monthly Fees
$60
Total Monthly Price
$860 - $2,660
1 to 3 Bedroom Apartments Available Now

Red Skye Lofts

100 Fallwood RdRedwood Falls, MN 56283
Furnished
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  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Grove at Mankato
$970 - $1,829
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$940 - $1,799
Required Monthly Fees
$30
Total Monthly Price
$970 - $1,829
1 to 3 Bedroom Apartments Available Aug 14

The Grove at Mankato

200 Briargate RdMankato, MN 56001
Student Housing
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  • 3D Tour

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.

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Village Court Apartments
Rent Specials
$1,028 - $1,178
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,028 - $1,178
Total Monthly Price
$1,028 - $1,178
1 to 2 Bedroom Apartments Available Now

Village Court Apartments

1620 Village CtNorth Mankato, MN 56003
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  • Utilities Included
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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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Woodside Apartments
$1,070 - $1,690
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,055 - $1,675
Required Monthly Fees
$15
Total Monthly Price
$1,070 - $1,690
Studio to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
Pet Friendly
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The Edge Apartments
Rent Specials
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
$30
Total Monthly Price
$1,080 - $1,330
1 to 2 Bedroom Apartments Available Now

The Edge Apartments

1902 Warren StMankato, MN 56001
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Augusta Park Estates
$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
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River Bluff Apartments
Rent Specials
$1,130 - $1,530
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,100 - $1,500
Required Monthly Fees
$30
Total Monthly Price
$1,130 - $1,530
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Outdoors
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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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Legacy Park Estates
Rent Specials
$1,214 - $1,689
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,650
Required Monthly Fees
$39
Total Monthly Price
$1,214 - $1,689
1 to 3 Bedroom Apartments Available Aug 14

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
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Axis Lofts
$1,370 - $1,820
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,745
Required Monthly Fees
$75
Total Monthly Price
$1,370 - $1,820
1 Bedroom Apartments Available Aug 1

Axis Lofts

1247 Range StMankato, MN 56001
Furnished
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  • 3D Tour

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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Mountain Lake, MN Local Guide

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. 501 W 1st St S has the second lowest priced unit, which is a 2 Beds apartment currently listed from $600. Here is today’s list of the most affordable Mountain Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
512 Vernon AveOne Bedroom1BR,1BA$595
501 W 1st St S2 BED/1 BATH2BR,1BA$600
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Eytcheson Estates Welcome1 Bedroom2BR,1BA$701
Sunshine Apartments1 Bedroom and 1 bathroom1BR,1BA$725
1212 Heckman CtStudioStudio,1BA$750
Downtown Estates1 Bed, 1 bath1BR,1BA$795
Okabena Tower 62+1 BR/1 BA1BR,1BA$827
442 Belgrade AveOne Bedroom1BR,1BA$835
Hartshorn Manor1 Bed, 1 bath1BR,1BA$840

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

As of July 30, 2026 the best value apartment in the Mountain Lake area is the $0.89 price per square foot 2 Bedroom - Lower Level ADA Model at Windom Landing in the starting from $975. The second greatest value Mountain Lake apartment is the 1 Bed, 1 bath Model at Trimont Square Apartments starting at $935 with a $1.04 price per square foot . Here is today’s list of the best values for Mountain Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Windom Landing2 Bedroom - Lower Level ADA2BR,2BA$0.89
Trimont Square Apartments1 Bed, 1 bath1BR,1BA$1.04
1212 Heckman CtStudioStudio ,1BA$0.83
Nobles Square Apartments2 Bedroom2BR,1BA$1.11
Downtown Estates1 Bed, 1 bath1BR,1BA$0.99
512 Vernon AveTwo Bedroom2BR,1BA$0.87
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.66
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
501 W 1st St S1 BED/1 BATH1BR,1BA$0.84

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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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 Mountain Lake, MN Rentals by Map

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See the most popular apartments and homes in Mountain Lake, MN

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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 $600 at 501 W 1st St S.

What is the most affordable Mountain Lake Three Bedroom Apartment?

The best deal on a cheap Mountain Lake Three Bedroom Apartment rental is at Ashley Estates and starts from $1,230.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.