Cheap Homes for Rent in Round Lake, MN from $1,000 (4 Rentals)

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Search the lowest-cost Homes available for rent right now in Round Lake.

property at 1507 Jackson Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 2 Bath Home for Rent

Available Now

1507 Jackson Ave

Spirit LakeIA51360
property at 301 S Park Ave

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

3 Bedroom, 1 Bath Home for Rent

Available Now

301 S Park Ave

SpringfieldMN56087

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.

property at 350 Mound Ave

$1,195

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Jun 15

350 Mound Ave

BalatonMN56115
property at 509 22nd St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

4 Bedroom, 2 Bath Home for Rent

Available Aug 1

509 22nd St

Spirit LakeIA51360

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.

Round Lake, MN Local Guide

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

As of May 28, 2026 the best value apartment in the Round Lake area is the $0.84 price per square foot 2 Bedroom - Upper Level Model at Windom Landing in the starting from $975. The second greatest value Round Lake apartment is the 2 Beds, 1 bath Model at Parkview Apartments starting at $815 with a $0.80 price per square foot . Here is today’s list of the best values for Round Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Windom Landing2 Bedroom - Upper Level2BR,2BA$0.84
Parkview Apartments2 Beds, 1 bath2BR,1BA$0.80
Deer Creek Apartments2 Bed 1 Bath Apartment2BR,1BA$1.15
1212 Heckman CtStudioStudio ,1BA$0.83
Trimont Square Apartments1 Bed, 1 bath1BR,1BA$1.04
Downtown Estates1 Bed, 1 bath1BR,1BA$0.99
Hartshorn Manor1 Bed, 1 bath1BR,1BA$1.12
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$0.93
Rolfe 20-Unit2 Bedroom2BR,1BA$0.97

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 Article
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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.

Read Article
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Quick Rent Budget Calculator

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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!

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Frequently Asked Questions about Round Lake

What type of rentals are currently available in Round Lake?

There are currently 60 Apartments for Rent in Round Lake, MN with pricing that ranges from $701 to $2,195. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Round Lake ranging from $1,000 to $2,199.

What is the current price range for Rental Homes in Round Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Round Lake ranges from $1,000 to $2,199 with an average monthly rent of $1,432.

How much are larger Three and Four Bedroom Rentals in Round Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Round Lake range from $1,065 to $2,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $1,050. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,750.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.