
Cheap Homes for Rent in Wood Lake, MN from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Wood Lake.


318 S 3rd St

626 4th St SE, Unit #1 - Lower

512 Maple Ln

311 5th St S
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.

301 S Park Ave

1100 Elizabeth Ave SE

1106 Becker Ave SW

710 18th St S

712 3rd St SW
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.

708 18th St S
Wood Lake, MN Local Guide

How much does it cost to rent a home in Wood Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wood Lake 2 Bedroom Homes for Rent | $1,213 | $795 | $1,550 |
| Wood Lake 3 Bedroom Homes for Rent | $1,704 | $1,050 | $2,500 |
| Wood Lake 4 Bedroom Homes for Rent | $3,175 | $2,350 | $4,000 |
| Wood Lake 5 Bedroom Homes for Rent | $3,200 | $2,600 | $3,800 |
Browse Top Homes for Rent in Wood Lake
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Wood Lake, MN Local Guide
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Cheapest Available Wood Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Wood Lake, MN is a 1 Bed unit found at 512 Vernon Ave priced from $595. Wildwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here is today’s list of the most affordable Wood Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 512 Vernon Ave | One Bedroom | 1BR,1BA | $595 |
| Wildwood Apartments | 1BR/1.0BA | 1BR,1BA | $715 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $745 |
| Suite Liv'N - Willmar | Studio 1 Bath | Studio,1BA | $745 |
| 1212 Heckman Ct | Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in Wood Lake, MN and Nearby
As of May 31, 2026 the best value apartment in the Wood Lake area is the $1.20 price per square foot Three Bedroom A - By The Lake Model at Somerset Properties in the starting from $1,350. The second greatest value Wood 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 Wood Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Somerset Properties | Three Bedroom A - By The Lake | 3BR,2BA | $1.20 |
| Parkview Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.80 |
| 1212 Heckman Ct | Studio | Studio ,1BA | $0.83 |
| Red Skye Lofts | 2 Bedroom | 2BR,1BA | $1.12 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $0.99 |
| 512 Vernon Ave | Two Bedroom | 2BR,1BA | $0.87 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $0.96 |
| Block 100 | One Bedroom | 1BR,1BA | $1.43 |
| 505 15th Ave SW | 2 bed 1 bath | 2BR,1BA | $1.39 |
| Wildwood Apartments | 2BR/1.0BA | 2BR,1BA | $1.44 |
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 ArticleReal 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 ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Wood Lake
What type of rentals are currently available in Wood Lake?
There are currently 67 Apartments for Rent in Wood Lake, MN with pricing that ranges from $595 to $2,080. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wood Lake ranging from $730 to $4,000.
What is the current price range for Rental Homes in Wood Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wood Lake ranges from $730 to $4,000 with an average monthly rent of $2,016.
How much are larger Three and Four Bedroom Rentals in Wood Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wood Lake range from $1,150 to $1,960, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $1,350.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.

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.