Cheap Apartments for Rent in Mountain Lake, MN from $500 (28 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
200 10th Ave SE
1 to 2 Bedroom Apartments

200 10th Ave SE

200 10th Ave SEFairfax, MN 55332
close
View Me
1851 26th St
1 Bedroom Apartments

1851 26th St

1851 26th StSlayton, MN 56172
Senior Living

Mountain Lake, MN Local Guide

Cheapest Available Mountain Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mountain Lake, MN is a Studio unit found at Tallgrass Village Apartments & Townhomes priced from $695. Eytcheson Estates Sherburn has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Mountain Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tallgrass Village Apartments & TownhomesStudio ApartmentStudio,1BA$695
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$700
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$750
Highland Hills ApartmentsElm Tree Court1BR,1BA$775
Okabena Tower 40+1 BR/1 BA1BR,1BA$785
Red Skye Lofts1 Bedroom1BR,1BA$800
Ashley Estates1 Bedroom - b1BR,1BA$870
Village Court Apartments1 Bed, 1 Bath (original)1BR,1BA$924
Hoover Estates2/12BR,1BA$975
Southwood Flats1 Bed, 1 Bath (remodeled)1BR,1BA$980

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

As of February 17, 2025 the best value apartment in the Mountain 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 Mountain Lake apartment is the 3 Bedroom Model at Red Skye Lofts starting at $1,400 with a $0.91 price per square foot . Here is today’s list of the best values for Mountain Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2209 White Oak Dr1x13BR,2.5BA$1.11
Red Skye Lofts3 Bedroom3BR,1BA$0.91
Dublin Road Townhomes3 Bedroom 1.5 Bath Accessible3BR,1.5BA$0.95
Windom Landing4 Bedroom - Lower Level4BR,2BA$0.80
Cardinal Creek ApartmentsTwo Bedroom2BR,2BA$1.19
Sleepy Eye Apartments Homes2 Bedroom 2 Bath2BR,2BA$1.26
501 4th St2 Bedroom2BR,2BA$1.05
Hoover Estates2/12BR,1BA$1.12
Eytcheson Estates Sherburn2 Bedroom2BR,1BA$0.93
Deer Creek Apartments1 Bed 1 Bath Apartment1BR,1BA$1.20

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.

decorative image of people with a giant lease agreement

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

Explore Mountain Lake, MN Rentals by Map

View MapMountain Lake, MN Apartments MapView MapMountain Lake, MN Rental Homes Map

Getting Around Mountain Lake, MN

Walk Score®

27 / 100

Car-Dependent

Most errands require a car

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Mountain Lake Apartments

What is the Cheapest Studio apartment in Mountain Lake?

Currently the most affordable Cheap Studio Apartment in Mountain Lake is at Tallgrass Village Apartments & Townhomes listed at $695.

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

The lowest price for a Cheap One Bedroom Mountain Lake Apartment is $750 at Deer Creek Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Mountain Lake is starting from $700 at Eytcheson Estates Sherburn.

What is the most affordable Mountain Lake Three Bedroom Apartment?

The best deal on a cheap Mountain Lake Three Bedroom Apartment rental is at Highland Hills Apartments and starts from $1,329.

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.