1

Eagle Lake, MN Home for Rent

Section Image
  • /10

    $1,275

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • Townhouse for Rent

    101 Parkway Ave Unit B, Eagle Lake, MN 56024

    Available June 20, 2026, Apartment B features 2 bedrooms and 1 bathroom. The living room has ample space for relaxing and is complimented by vinyl floor throughout. The bedrooms are designed for comfort, with tons of natural light coming in through large, energy efficient windows. Additional amenities include a washer/dryer, air conditioning, and a smoke-free environment. Located in Eagle Lake,

    101 Parkway Ave Unit B, Eagle Lake, MN 56024

Why Live in Eagle Lake

Eagle Lake, Minnesota, is a small, close-knit community located just 7 miles from downtown Mankato. The town features winding streets lined with maples and oaks, creating a picturesque setting for its historic bungalows and newer subdivisions. Homes in Eagle Lake range from late 19th-century farmhouses to modern townhomes and single-family builds, many equipped with attached garages, fenced-in backyards, and quarter-acre lots. The local schools are highly rated, with Eagle Lake Elementary School and Mankato East Senior High School offering strong academic programs and extracurricular activities. Outdoor recreation is abundant, with Lake Eagle Park providing facilities for baseball, softball, and ice hockey, as well as a playground and dog park. The Sakatah Singing Hills State Trail, which spans 39 miles, is ideal for walking, biking, and horseback riding, connecting the community to nearby towns and natural areas. Annual events like Tator Days and the Eagle Lake Summer Sounds concert series foster a sense of community, featuring sports tournaments, live music, and food vendors. While largely residential, Eagle Lake has local businesses along Parkway Avenue, including Eagle’s Nest, a popular pub known for its 2-pound Duke Burger. The town is conveniently located near Minnesota state Highway 22, providing access to shopping centers and eateries in Mankato, such as River Hills Mall and major grocery stores like Sam’s Club, ALDI, and Walmart. For travel, Minneapolis-Saint Paul International Airport is approximately 80 miles away.

Frequently Asked Questions

How much does it cost to rent a home in Eagle Lake, MN?
The median rent for a home in Eagle Lake, MN is $1,275 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option.
How much do you need to make to afford rent in Eagle Lake, MN?
To comfortably afford the median rent in Eagle Lake, MN, a household needs to earn roughly $51,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,275 per month in Eagle Lake, MN, renters typically need to show $3,825 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Eagle Lake, MN?
In Eagle Lake, MN, the price-to-rent ratio is 22.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Eagle Lake, MN are best for renting a home?
The best neighborhood for renting in Eagle Lake, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Thomas Park, White Oaks Park, Country Club Estates, Jaycee Park and Washington Park, each with its own character and price range.

Rental Home Trends in Eagle Lake, MN

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,275
Median Townhouse Rent
$1,275
How to Rent a Home