Cheap Apartments for Rent in Madison Lake, MN from $700 (22 Rentals)

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107 S 5th St
2 Bedroom Apartments

107 S 5th St

107 S 5th StMankato, MN 56001
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Madison Lake, MN Local Guide

Cheapest Available Madison Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison Lake, MN is a 1 Bed unit found at Highland Hills Apartments in the University neighborhood priced from $775. Le Sueur Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Madison Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
Le Sueur Apartments1 Bedroom1BR,1BA$895
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$899
Town's Edge Place Apartments1 Bedroom1BR,1BA$975
Skyway Property Holdings, LLC - (Studio 5)0BR/1.0BAStudio,1BA$1,050

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

As of April 16, 2025 the best value apartment in the Madison Lake area is the $1.11 price per square foot 1x1 Model at 2209 White Oak Dr in the starting from $1,875. The second greatest value Madison Lake apartment is the 2 Bedroom 1 Bath Model at Tartan Glen starting at $1,550 with a $1.22 price per square foot in the University neighborhood. Here is today’s list of the best values for Madison Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2209 White Oak Dr1x13BR,2.5BA$1.11
Tartan Glen2 Bedroom 1 Bath2BR,1BA$1.22
Fox Meadows TownhomesThree Bed - Market3BR,1.5BA$1.34
Greenfield Estates I & IIWaiting List 3BR3BR,1BA$1.20
Riverfront CourtThree Bedroom Two Bath3BR,2BA$1.26
Southwood Flats2 Bed, 1 Bath (remodeled)2BR,1BA$1.31
The Edge ApartmentsTwo Bedroom2BR,1BA$1.30
Dublin HeightsTwo Bedroom2BR,1BA$1.22
Cedar Meadow Apartments3BR3BR,1BA$1.30
Village Court Apartments2 Bed, 1 Bath (renovated)2BR,1BA$1.30

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Getting Around Madison Lake, MN

Walk Score®

28 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Madison Lake Apartments

What is the Cheapest Studio apartment in Madison Lake?

Currently the most affordable Cheap Studio Apartment in Madison Lake is at Skyway Property Holdings, LLC - (Studio 5) listed at $1,050.

How much is rent for a Cheap One Bedroom Madison Lake Apartment?

The lowest price for a Cheap One Bedroom Madison Lake Apartment is $775 at Highland Hills Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Madison Lake is starting from $920 at Highland Hills Apartments.

What is the most affordable Madison Lake Three Bedroom Apartment?

The best deal on a cheap Madison Lake Three Bedroom Apartment rental is at Cedar Meadow Apartments and starts from $1,199.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.