
Cheap Apartments for Rent in Mountain Lake, MN from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Mountain Lake.


Bunting Lane Apartments

Eytcheson Estates Sherburn

Deer Creek Apartments

Highland Hills Apartments
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.

Glenwood Terrace

College Station

Red Skye Lofts

Village Court Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

510 N Franklin St
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.

305 S Broadway St
Mountain Lake, MN Local Guide

How much does it cost to rent an apartment in Mountain Lake?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Mountain Lake Studio Apartments | $1,088 | $965 | $1,315 |
Mountain Lake 1 Bedroom Apartments | $1,125 | $625 | $1,775 |
Mountain Lake 2 Bedroom Apartments | $1,429 | $682 | $3,725 |
Mountain Lake 3 Bedroom Apartments | $1,485 | $1,015 | $1,990 |
Mountain Lake 4 Bedroom Apartments | $1,235 | $975 | $1,880 |
Browse Top Apartments in Mountain Lake
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Mountain Lake, MN Local Guide
- Nearby Cities
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Cheapest Available Mountain Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Mountain Lake, MN is a 2 Beds unit found at Bunting Lane Apartments in the University neighborhood priced from $682. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Bunting Lane Apartments | Random Roommate Included! | 2BR,2BA | $682 |
Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $700 |
Highland Hills Apartments | Elm Tree Court | 1BR,1BA | $775 |
Okabena Tower 40+ | 1 BR/1 BA | 1BR,1BA | $785 |
Red Skye Lofts | 1 Bedroom | 1BR,1BA | $890 |
Best Value Apartments for Rent in Mountain Lake, MN and Nearby
As of May 11, 2025 the best value apartment in the Mountain Lake area is the $1.19 price per square foot 3 Bed 2 Bath Townhome Model at Tallgrass Village Apartments & Townhomes in the starting from $1,730. The second greatest value Mountain Lake apartment is the 3 Beds, 1.5 baths Model at Eagle Ridge Townhomes starting at $1,015 with a $0.75 price per square foot . Here is today’s list of the best values for Mountain Lake apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Tallgrass Village Apartments & Townhomes | 3 Bed 2 Bath Townhome | 3BR,2BA | $1.19 |
Eagle Ridge Townhomes | 3 Beds, 1.5 baths | 3BR,1.5BA | $0.75 |
Windom Landing | 2 Bedroom - Lower Level ADA | 2BR,2BA | $0.89 |
Cardinal Creek Apartments | Two Bedroom | 2BR,2BA | $1.29 |
The Edge Apartments | Two Bedroom | 2BR,1BA | $1.30 |
Red Skye Lofts | 1 Bedroom | 1BR,1BA | $0.91 |
Ashley Estates | 2 Bedroom - b | 2BR,2BA | $1.19 |
Deer Creek Apartments | 1 Bed 1 Bath + Den Apartment | 1BR,1BA | $1.08 |
Village Court Apartments | 2 Bed, 1 Bath (renovated) | 2BR,1BA | $1.30 |
Eytcheson Estates Sherburn | 2 Bedroom | 2BR,1BA | $0.93 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mountain Lake, MN Rentals by Map
See the most popular apartments and homes in Mountain Lake, MN
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
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 Mountain Lake Apartments
What is the Cheapest Studio apartment in Mountain Lake?
Currently the most affordable Cheap Studio Apartment in Mountain Lake is at Woodside Apartments listed at $1,055.
How much is rent for a Cheap One Bedroom Mountain Lake Apartment?
The lowest price for a Cheap One Bedroom Mountain Lake Apartment is $775 at Highland Hills 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 $682 at Bunting Lane Apartments.
What is the most affordable Mountain Lake Three Bedroom Apartment?
The best deal on a cheap Mountain Lake Three Bedroom Apartment rental is at Eagle Ridge Townhomes and starts from $1,015.
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.

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.

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.

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.

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.