Cheap Apartments for Rent near Rake, IA from $400 (58 Rentals)

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

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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  • Customer Reviewed
  • Utilities Included
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Northern Place Apartments
Rent Specials
$875 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$795 - $1,270
Required Monthly Fees
$80
Total Monthly Price
$875 - $1,350
2 to 3 Bedroom Apartments Available Aug 14

Northern Place Apartments

203 SW 31st StAustin, MN 55912
  • Verified
  • Utilities Included
  • 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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  • Customer Reviewed
  • 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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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
Outdoors
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  • Customer Reviewed
  • Utilities Included
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Parkview Place
$1,160 - $1,460
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,045 - $1,345
Required Monthly Fees
$115
Total Monthly Price
$1,160 - $1,460
1 to 3 Bedroom Apartments Available Now

Parkview Place

303 27th St SWAustin, MN 55912
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  • Utilities Included
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Shalom Tower II
1 Bedroom Apartments

Shalom Tower II

321 4th St NEMason City, IA 50401
Senior Living
  • Utilities Included

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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The Manor
1 to 2 Bedroom Apartments

The Manor

4 3rd St NWMason City, IA 50401
Senior Living
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219 6th St SW
1 to 2 Bedroom Apartments

219 6th St SW

219 6th St SWMadelia, MN 56062
  • Utilities Included
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Grant Village
1 Bedroom Apartments

Grant Village

815-843 6th St SWMason City, IA 50401
Senior Living
  • Utilities Included
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201 Pilgrim St
1 to 2 Bedroom Apartments

201 Pilgrim St

201 Pilgrim StSaint Clair, MN 56080
  • Utilities Included
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, 1 Bath Condo for Rent

Available Now

325 E Washington St

MankatoMN56001

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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Rake, IA Local Guide

Cheapest Available Rake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rake, IA is a 1 Bed unit found at Burt 18-Unit (Countryside Properties) priced from $425. Key Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Rake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$425
Key ApartmentsEfficiencyStudio,1BA$500
18 S Adams AveOne Bedroom1BR,1BA$525
Key West ApartmentsStudioStudio,1BA$550
501 W 1st St S2 BED/1 BATH2BR,1BA$600
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$701
Eytcheson Estates Welcome1 Bedroom2BR,1BA$701
A-Lea ApartmentsB and C Buildings1BR,1BA$725
Skye Lofts Apartments1 Bedroom Unit1BR,1BA$790
City Center Kent Apartments1 Bedroom1BR,1BA$800

Best Value Apartments for Rent in Rake, IA and Nearby

As of July 28, 2026 the best value apartment in the Rake area is the $1.09 price per square foot 2 Bedroom Loft Model at Skye Lofts Apartments in the starting from $1,490. The second greatest value Rake apartment is the Two Bedroom Model at The Edge Apartments starting at $1,280 with a $1.30 price per square foot in the University neighborhood. Here is today’s list of the best values for Rake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skye Lofts Apartments2 Bedroom Loft2BR,1.5BA$1.09
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
Trimont Square Apartments1 Bed, 1 bath1BR,1BA$1.04
Kee Valley Apartments2 Beds, 1 bath2BR,1BA$1.14
Bunting Lane ApartmentsIndividual Roommates Included!2BR,2BA$0.92
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
Cypress Pointe Emmetsburg2 Bedroom2BR,1BA$1.28
501 W 1st St S1 BED/1 BATH1BR,1BA$0.84
18 S Adams AveOne Bedroom1BR,1BA$0.95

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 Rake, IA Rentals by Map

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Frequently Asked Questions about Cheap Rake Apartments

What is the Cheapest Studio apartment in Rake?

Currently the most affordable Cheap Studio Apartment in Rake is at Key Apartments listed at $500.

How much is rent for a Cheap One Bedroom Rake Apartment?

The lowest price for a Cheap One Bedroom Rake Apartment is $425 at Burt 18-Unit (Countryside Properties).

What is the lowest price for a Cheap Two Bedroom Rake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rake is starting from $600 at 501 W 1st St S.

What is the most affordable Rake Three Bedroom Apartment?

The best deal on a cheap Rake Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,299.

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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.