Cheap Apartments for Rent in Medicine Lake, MN from $900 (31 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Gates of New Hope
1 Bedroom Apartments

Gates of New Hope

9390 Medicine Lake RdNew Hope, MN 55427
  • Utilities Included
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Element
1 to 3 Bedroom Apartments

Element

11229 State Hwy 55Plymouth, MN 55441
  • Utilities Included
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Wilshire Wood
1 Bedroom Apartments

Wilshire Wood

10925 Wayzata BlvdHopkins, MN 55305
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Burgundy Apartments
3 Bedroom Apartments

Burgundy Apartments

2901-2911 Hillsboro Ave NNew Hope, MN 55427
  • Utilities Included

Medicine Lake - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

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Medicine Lake, MN Local Guide

Cheapest Available Medicine Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Medicine Lake, MN is a 1 Bed unit found at Burgundy And Hillsboro in the Brookview neighborhood priced from $1,080. Plymouth Pointe in the Becker neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,085. Here is today’s list of the most affordable Medicine Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Burgundy And HillsboroA21BR,1BA$1,080
Plymouth PointeS1Studio,1BA$1,085
Crown Ridge2Bed 1Bath2BR,1BA$1,100
Trentwood ApartmentsOne Bedroom1BR,1BA$1,150
At The Lake1 Bedroom1BR,1BA$1,179
Four Seasons Villa1BD1BR,1BA$1,230
Avana MinnetonkaA1A1BR,1BA$1,306
The Ridge ApartmentsOne Bedroom1BR,1BA$1,333
Westwind Apartments1 Bedroom1BR,1BA$1,350
Talus ApartmentsOne Bedroom One Bath1BR,1BA$1,390

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

As of May 18, 2025 the best value apartment in the Medicine Lake area is the $1.66 price per square foot 2P Pin Oak Model at Parkside at Medicine Lake in the in the Robbinsdale Crystal New Hope neighborhood starting from $1,675. The second greatest value Medicine Lake apartment is the A1E Model at Avana Minnetonka starting at $1,463 with a $1.56 price per square foot in the Timber Creek Crossing Village neighborhood. Here is today’s list of the best values for Medicine Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkside at Medicine Lake2P Pin Oak2BR,2BA$1.66
Avana MinnetonkaA1E1BR,1BA$1.56
Crown Ridge2Bed 1Bath2BR,1BA$1.20
Four Seasons Villa1BD1BR,1BA$1.37
ReNew PARKoneAquila1BR,1BA$1.66
Countryside EstatesWestwood2BR,1BA$1.67
11210 & 11215 12th Avenue2 Bedroom 1 Bathroom2BR,1BA$1.64
The Ridge ApartmentsOne Bedroom1BR,1BA$1.68
Burgundy And HillsboroA21BR,1BA$1.37
At The Lake1 Bedroom1BR,1BA$1.52

Quick Rent Budget Calculator

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Location, Location, Location!

Explore Medicine Lake, MN Rentals by Map

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See the most popular apartments and homes in Medicine Lake, MN

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Getting Around Medicine Lake, MN

Walk Score®

29 / 100

Car-Dependent

Most errands require a car

Bike Score®

60 / 100

Bikeable

Some 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 Medicine Lake Apartments

What is the Cheapest Studio apartment in Medicine Lake?

Currently the most affordable Cheap Studio Apartment in Medicine Lake is at Plymouth Pointe listed at $1,080.

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

The lowest price for a Cheap One Bedroom Medicine Lake Apartment is $1,085 at Burgundy And Hillsboro.

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

Today's best deal for a Cheap Two Bedroom Apartment in Medicine Lake is starting from $1,100 at Crown Ridge.

What is the most affordable Medicine Lake Three Bedroom Apartment?

The best deal on a cheap Medicine Lake Three Bedroom Apartment rental is at Fox Forest Townhomes and starts from $2,299.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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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.