Cheap Studio Apartments for Rent in the Lakewood Village Neighborhood of Minneapolis, MN from $1,115 (3 Rentals)
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

The Sentinel Residence
Lakewood Village - 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!
Lakewood Village, Minneapolis, MN Local Guide

How much does it cost to rent an apartment in Lakewood Village?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lakewood Village Studio Apartments | $1,456 | $1,115 | $1,875 |
Lakewood Village 1 Bedroom Apartments | $1,814 | $1,204 | $2,518 |
Lakewood Village 2 Bedroom Apartments | $2,276 | $1,300 | $3,000 |
Lakewood Village 3 Bedroom Apartments | $2,938 | $2,244 | $3,448 |
Browse Apartments in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Lakewood Village Neighborhood of Minneapolis, MN.
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Lakewood Village, Minneapolis, MN Local Guide
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Quick 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.
Frequently Asked Questions about Cheap Lakewood Village Apartments
What is a cheap apartment in Lakewood Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lakewood Village is under $2,244.
What is the price of a cheap apartment in Lakewood Village?
The cheapest apartment in Lakewood Village is The Espen Residences which is listed at $1,335, while the average apartment in Lakewood Village costs $2,850.
What types of apartments are the cheapest in Lakewood Village?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Lakewood Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Lakewood Village?
Cheap apartments in Lakewood Village have an average cost of $240 which is $2,610 cheaper than the average rent for all rentals in Lakewood Village.
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.

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

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.

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.

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.