Cheap Apartments for Rent in Mountain Lake, MN from $500 (24 Rentals)

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

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.

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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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
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200 10th Ave SE
1 to 2 Bedroom Apartments

200 10th Ave SE

200 10th Ave SEFairfax, MN 55332
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Tanglewood Estates
1 Bedroom Apartments

Tanglewood Estates

1755-1757 4th AveWindom, MN 56101
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1851 26th St
1 Bedroom Apartments

1851 26th St

1851 26th StSlayton, MN 56172
Senior Living
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11 Park St N
1 Bedroom Apartments

11 Park St N

11 Park St NFairfax, MN 55332
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Heritage Prairie
1 Bedroom Apartments

Heritage Prairie

1173 Dewey StWabasso, MN 56293
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201 S Minnesota St
1 Bedroom Apartments

201 S Minnesota St

201 S Minnesota StRedwood Falls, MN 56283
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528 N Grant St
2 to 3 Bedroom Apartments

528 N Grant St

528 N Grant StBlue Earth, MN 56013
  • Utilities Included

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 2 Beds unit found at Bunting Lane Apartments in the University neighborhood priced from $682. Eytcheson Estates Sherburn has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Mountain Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bunting Lane ApartmentsRandom Roommate Included!2BR,2BA$682
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$700
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$710
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
Okabena Tower 40+1 BR/1 BA1BR,1BA$785

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

As of June 05, 2025 the best value apartment in the Mountain Lake area is the $0.75 price per square foot 3 Beds, 1.5 baths Model at Eagle Ridge Townhomes in the starting from $1,015. The second greatest value Mountain Lake apartment is the 2 Bedroom 1 Bath Model at Tartan Glen starting at $1,550 with a $1.22 price per square foot in the University neighborhood. 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.
Eagle Ridge Townhomes3 Beds, 1.5 baths3BR,1.5BA$0.75
Tartan Glen2 Bedroom 1 Bath2BR,1BA$1.22
Red Skye Lofts3 Bedroom3BR,1BA$1.00
Legacy Park EstatesThree Bedroom 1.75 Bathroom3BR,1.75BA$1.25
Windom Landing2 Bedroom - Upper Level2BR,2BA$0.84
The Edge ApartmentsTwo Bedroom2BR,1BA$1.22
442 Belgrade AveTwo Bedroom2BR,1BA$1.13
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
St. James ApartmentsOne Bedroom1BR,1BA$1.25
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$1.14

Quick Rent Budget Calculator

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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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Getting Around Mountain Lake, MN

Walk Score®

27 / 100

Car-Dependent

Most errands require a car

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Woodside Apartments listed at $1,045.

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

The lowest price for a Cheap One Bedroom Mountain Lake Apartment is $710 at Deer Creek Apartments.

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 $682 at Bunting Lane Apartments.

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 $1,015.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.