Cheap Apartments for Rent in Mountain Lake, MN from $300 (73 Rentals)

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

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Sunshine Apartments
$725 - $910
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$725 - $910
Total Monthly Price
$725 - $910
1 Bedroom Apartments Available Now

Sunshine Apartments

1620 Clary StWorthington, MN 56187
Senior Living
  • Verified
  • Low Income
  • Smoke Free

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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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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River Bluff Apartments
$1,030 - $1,580
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $1,550
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

River Bluff Apartments

405 N 5th StMankato, MN 56001
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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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
55+ Active Adult
  • Verified
  • Utilities Included
  • Low Income
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Woodside Apartments
$1,070 - $1,615
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,055 - $1,600
Required Monthly Fees
$15
Total Monthly Price
$1,070 - $1,615
Studio to 3 Bedroom Apartments Available Now

Woodside Apartments

161-351 E Roosevelt CirMankato, MN 56001
Family Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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The Edge Apartments
$1,080 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jun 5

The Edge Apartments

1902 Warren StMankato, MN 56001
Outdoors
  • Verified
  • Customer Reviewed
  • Utilities Included
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Augusta Park Estates
Rent Specials
$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
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour

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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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 Now

Legacy Park Estates

100 Dublin CtMankato, MN 56001
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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Sunrise Manor
2 to 3 Bedroom Apartments

Sunrise Manor

500 Remmele St SWSleepy Eye, MN 56085
  • Utilities Included
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Fairview Apartments
1 to 2 Bedroom Apartments

Fairview Apartments

11 Park St NFairfax, MN 55332
Senior Living
  • Utilities Included
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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
  • Utilities Included
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Westside Apartments
1 to 2 Bedroom Apartments

Westside Apartments

1851 26th StSlayton, MN 56172
  • Utilities Included
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River Ridge Apartments
1 to 2 Bedroom Apartments

River Ridge Apartments

201 S Minnesota StRedwood Falls, MN 56283
  • 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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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 Meadow Bloom Apartments priced from $607. 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 ListingModel NameBed/BathPriced From
Meadow Bloom Apartments2 Bedroom2BR,1BA$607
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
Tallgrass Village Apartments & TownhomesStudio ApartmentStudio,1BA$755
Downtown Estates1 Bed, 1 bath1BR,1BA$795
Parkview Apartments1 Bed, 1 bath1BR,1BA$795
Red Skye Lofts1 Bedroom1BR,1BA$800
Nobles Square Apartments1 Bedroom1BR,1BA$805

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

As of April 30, 2026 the best value apartment in the Mountain Lake area is the $0.66 price per square foot Three Bedroom Model at 442 Belgrade Ave in the in the City Center Mankato neighborhood starting from $1,050. The second greatest value Mountain Lake apartment is the Three Bedroom Model at Eagle Ridge Townhomes starting at $1,065 with a $0.79 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.
442 Belgrade AveThree Bedroom3BR,2BA$0.66
Eagle Ridge TownhomesThree Bedroom3BR,1.5BA$0.79
Windom Landing2 Bedroom - Lower Level ADA2BR,2BA$0.89
Parkview Apartments2 Beds, 1 bath2BR,1BA$0.80
Red Skye Lofts2 Bedroom2BR,1BA$0.93
1212 Heckman CtStudioStudio ,1BA$0.83
Meadow Bloom Apartments2 Bedroom2BR,1BA$0.79
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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 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 $725 at Sunshine 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 $607 at Meadow Bloom 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 Nobles Square Apartments and starts from $965.

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 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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.