Cheap Apartments for Rent near Twin Lakes, MN from $400 (49 Rentals)

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

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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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 Pearl
$1,140 - $1,690
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,650
Required Monthly Fees
$40
Total Monthly Price
$1,140 - $1,690
1 to 2 Bedroom Apartments Available Aug 1

The Pearl

130 E Pearl StOwatonna, MN 55060
Luxury
  • Verified
  • Customer Reviewed
  • Utilities Included

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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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
  • Verified
  • Utilities Included
  • 3D Tour
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West Lake Meadows
Rent Specials
$1,175 - $1,645
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,175 - $1,645
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

West Lake Meadows

1575 24th Ave NWOwatonna, MN 55060
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour
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Shalom Tower II
1 Bedroom Apartments

Shalom Tower II

321 4th St NEMason City, IA 50401
Senior Living
  • Utilities Included
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The Manor
1 to 2 Bedroom Apartments

The Manor

4 3rd St NWMason City, IA 50401
Senior Living
property at 1506 7th St SE

$900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

1506 7th St SE

AustinMN55912
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Grant Village
1 Bedroom Apartments

Grant Village

815-843 6th St SWMason 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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909 E Vine St
1 to 2 Bedroom Apartments

909 E Vine St

909 Vine St EOwatonna, MN 55060
property at 213 13th St SW

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

1 Bedroom, 1 Bath Home for Rent

Available Now

213 13th St SW

OwatonnaMN55060
property at 121 Main St S

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

Studio, 1 Bath Condo for Rent

Available Aug 1

121 Main St S

Grand MeadowMN55936
property at 302 19th St NE

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Jul 31

302 19th St NE

AustinMN55912
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Academy Apartments
1 to 2 Bedroom Apartments

Academy Apartments

706 E Academy StOwatonna, MN 55060
property at 103 Main St E

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

2 Bedroom, 1 Bath Condo for Rent

Available Aug 1

103 Main St E

Clarks GroveMN56016
property at 1111 4th St NW

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1111 4th St NW

AustinMN55912

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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property at 815 N 4th St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

3 Bedroom, 1 Bath Condo for Rent

Available Aug 7

815 N 4th St

MankatoMN56001
property at 950 S 3rd Ave

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175
Total Monthly Price
$1,175

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

950 S 3rd Ave

Albert LeaMN56007
property at 1206 10th St NE

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

1206 10th St NE

AustinMN55912
Showing Results 1-49, Page 1 of 1

Twin Lakes, MN Local Guide

Cheapest Available Twin Lakes Apartments for Rent and Nearby

 

The cheapest available apartment rental in Twin Lakes, MN is a Studio unit found at Key Apartments priced from $500. 18 S Adams Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $525. Here is today’s list of the most affordable Twin Lakes apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Key ApartmentsEfficiencyStudio,1BA$500
18 S Adams AveOne Bedroom1BR,1BA$525
Key West ApartmentsStudioStudio,1BA$550
A-Lea ApartmentsB and C Buildings1BR,1BA$725
Skye Lofts Apartments1 Bedroom Unit1BR,1BA$790
City Center Kent Apartments1 Bedroom1BR,1BA$800
Kee Valley Apartments1 Bed, 1 bath1BR,1BA$900
Bricelyn PlazaOne bedroom1BR,1BA$900
Irish Hospital Apartments1BD/1BA1BR,1BA$925
Pilgrim Place Senior Housing (62+)Studio - Rent Based on IncomeStudio,1BA$992

Best Value Apartments for Rent in Twin Lakes, MN and Nearby

As of July 27, 2026 the best value apartment in the Twin Lakes 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 Twin Lakes apartment is the 2B 1011 sq. ft. Model at Park Plaza Apartments starting at $1,430 with a $1.41 price per square foot in the Downtown Owatonna neighborhood. Here is today’s list of the best values for Twin Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Skye Lofts Apartments2 Bedroom Loft2BR,1.5BA$1.09
Park Plaza Apartments2B 1011 sq. ft.2BR,1BA$1.41
Federal Ave Rowhomes2x12BR,1BA$1.34
The Meadows2 Bedroom 1 Bathroom2BR,1BA$1.28
Radel CourtC2BR,1BA$1.46
Kee Valley Apartments2 Beds, 1 bath2BR,1BA$1.14
Lincoln Apartments LLCApt. 082BR,1BA$1.46
City Center Kent Apartments1 Bedroom1BR,1BA$1.33
18 S Adams AveOne Bedroom1BR,1BA$0.95
A-Lea ApartmentsB and C Buildings1BR,1BA$1.45

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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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!

Explore Twin Lakes, MN Rentals by Map

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Frequently Asked Questions about Cheap Twin Lakes Apartments

What is the Cheapest Studio apartment in Twin Lakes?

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

How much is rent for a Cheap One Bedroom Twin Lakes Apartment?

The lowest price for a Cheap One Bedroom Twin Lakes Apartment is $525 at 18 S Adams Ave.

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

Today's best deal for a Cheap Two Bedroom Apartment in Twin Lakes is starting from $900 at City Center Kent Apartments.

What is the most affordable Twin Lakes Three Bedroom Apartment?

The best deal on a cheap Twin Lakes Three Bedroom Apartment rental is at Parkview Place and starts from $1,460.

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

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 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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.