Cheap Apartments for Rent in Lakefield, MN from $400 (31 Rentals)

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

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Lyon County Apartments
Studio to 1 Bedroom Apartments

Lyon County Apartments

200 S 4th StMarshall, MN 56258
Senior Living
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Stately Manor Apartments
1 to 2 Bedroom Apartments

Stately Manor Apartments

1525-1535 Darling DrWorthington, MN 56187
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Damax Apartments
1 to 2 Bedroom Apartments

Damax Apartments

602 E Warren StLuverne, MN 56156
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Tanglewood Estates
1 Bedroom Apartments

Tanglewood Estates

1755-1757 4th AveWindom, MN 56101
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Westside Apartments
1 Bedroom Apartments

Westside Apartments

1851 26th StSlayton, MN 56172
Senior Living
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Woodland Park - Ivanhoe
1 to 2 Bedroom Apartments

Woodland Park - Ivanhoe

106 N County Road 5Ivanhoe, MN 56142
Senior Living
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Heritage Prairie
1 Bedroom Apartments

Heritage Prairie

1173 Dewey StWabasso, MN 56293
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City Centre Apartments
1 to 2 Bedroom Apartments

City Centre Apartments

109 E Luverne StLuverne, MN 56156
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Oakwood Apartments
1 Bedroom Apartments

Oakwood Apartments

401 S Oak StEllsworth, MN 56129
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Westmar Apartments
2 Bedroom Apartments

Westmar Apartments

1002-1003 Pearl AveMarshall, MN 56258
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Lakefield, MN Local Guide

Cheapest Available Lakefield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lakefield, MN is a 1 Bed unit found at Burt 18-Unit (Countryside Properties) priced from $450. RC Square Apartments in the Downtown Marshall neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $625. Here is today’s list of the most affordable Lakefield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Burt 18-Unit (Countryside Properties)1 Bedroom1BR,1BA$450
RC Square Apartments2 Bedroom2BR,1BA$625
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$700
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$720
Windcrest Village Apartments & TownhomesStudio ApartmentStudio,1BA$720
Park View Apartments1 Bed/ 1 Bath1BR,1BA$725
Okabena Tower 40+1 BR/1 BA1BR,1BA$785
The Nexus235 - 2 BR/1 BA2BR,1BA$795
Suite Liv'n - MarshallOne Bedroom1BR,1BA$850
Briarwood Estates901 Pearl Ave2BR,1BA$850

Best Value Apartments for Rent in Lakefield, MN and Nearby

As of April 28, 2025 the best value apartment in the Lakefield area is the $1.19 price per square foot 3 Bed 2 Bath Townhome Model at Tallgrass Village Apartments & Townhomes in the starting from $1,730. The second greatest value Lakefield apartment is the 4 Bedroom - Lower Level Model at Windom Landing starting at $975 with a $0.71 price per square foot . Here is today’s list of the best values for Lakefield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tallgrass Village Apartments & Townhomes3 Bed 2 Bath Townhome3BR,2BA$1.19
Windom Landing4 Bedroom - Lower Level4BR,2BA$0.71
Prairie Trail Village Apartments & Townhomes3 Bed 2 Bath Townhome3BR,2BA$1.25
Briarwood Estates901D Briarwood3BR,2BA$1.30
Ashley Estates2 Bedroom - b2BR,2BA$1.19
RC Square Apartments2 Bedroom2BR,1BA$0.70
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Eytcheson Estates Welcome1 Bedroom2BR,1BA$1.33
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$1.15
Okabena Tower 40+1 BR/1 BA1BR,1BA$1.31

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lakefield, MN Rentals by Map

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Getting Around Lakefield, MN

Walk Score®

47 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Lakefield Apartments

What is the Cheapest Studio apartment in Lakefield?

Currently the most affordable Cheap Studio Apartment in Lakefield is at Windcrest Village Apartments & Townhomes listed at $720.

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

The lowest price for a Cheap One Bedroom Lakefield Apartment is $450 at Burt 18-Unit (Countryside Properties).

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

Today's best deal for a Cheap Two Bedroom Apartment in Lakefield is starting from $625 at RC Square Apartments.

What is the most affordable Lakefield Three Bedroom Apartment?

The best deal on a cheap Lakefield Three Bedroom Apartment rental is at Suite Liv'n - Marshall and starts from $1,150.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.