Cheap Homes for Rent in Medicine Lake, MN from $1,300 (7 Rentals)

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

property at 2740 Rosalyn Ct

2740 Rosalyn Ct

New HopeMN55428

Medicine Lake

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

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 Plymouth Commons in the Forest neighborhood priced from $1,050. Creekside Apartments in the Shelard Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,075. Here is today’s list of the most affordable Medicine Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Plymouth Commons1x11BR,1BA$1,050
Creekside ApartmentsBassettStudio,1BA$1,075
Crown Ridge2Bed 1Bath2BR,1BA$1,100

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

As of April 06, 2025 the best value apartment in the Medicine Lake area is the $1.14 price per square foot 8460 Westbend Rd Model at 8460 Westbend Rd in the in the Shelard Park neighborhood starting from $2,629. The second greatest value Medicine Lake apartment is the 2540 Regent Ave N Model at 2540 Regent Ave N starting at $2,659 with a $1.50 price per square foot in the Douglas Drive North 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.
8460 Westbend Rd8460 Westbend Rd4BR,2BA$1.14
2540 Regent Ave N2540 Regent Ave N3BR,2BA$1.50
3733 Hillsboro Ave N3733 Hillsboro Ave N4BR,2BA$1.67
Shelard Village ApartmentsThe Oriole2BR,1.5BA$1.62
Crown Ridge2Bed 1Bath2BR,1BA$1.20
Four Seasons Villa1BD1BR,1BA$1.37
ReNew PARKoneAquila1BR,1BA$1.60
Avana MinnetonkaA1W1BR,1BA$1.49
The Ridge ApartmentsOne Bedroom/ One Bathroom1BR,1BA$1.64
At The Lake1 Bedroom1BR,1BA$1.52

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Frequently Asked Questions about Medicine Lake

What type of rentals are currently available in Medicine Lake?

There are currently 63 Apartments for Rent in Medicine Lake, MN with pricing that ranges from $900 to $7,423. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medicine Lake ranging from $1,375 to $18,000.

What is the current price range for Rental Homes in Medicine Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Medicine Lake ranges from $1,375 to $18,000 with an average monthly rent of $4,100.

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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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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.