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Lakeland, MN Homes for Rent

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    $2,100 Per Month

    • 2 Beds
    • 1 Bath
    • 1,149 Sq Ft
    • House for Rent

    16724 Upper 5th St N, Lakeland, MN 55043

    Nestled in scenic Lakeland, Minnesota, this well-maintained home offers a blend of privacy, functionality, and convenience just minutes from the St. Croix River and easy access to I-94. The property features comfortable main-level living, a practical layout, and a peaceful setting surrounded by mature trees. Enjoy a spacious yard ideal for relaxing or entertaining, along with flexible interior

    David Collier MetroHomesMarket.com

    16724 Upper 5th St N, Lakeland, MN 55043
  • /18

    $1,000

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    16610 8th St N Unit 2, Lakeland, MN 55043

    Nestled on 1.25 acres of private property, this fourplex is the best of both worlds for those looking for seclusion as well as direct access to hotspots around the Twin Cities. A quiet residential area, Lakeland is located on the St. Croix, directly opposite Hudson, WI, and is perfect for walking. This home houses 4 units, on-site laundry, and additional storage space in the basement. Even a

    16610 8th St N Unit 2, Lakeland, MN 55043

Why Live in Lakeland

Lakeland, MN, is a quiet riverfront community east of St. Paul, offering a blend of country living and proximity to urban amenities. The Bungalow Inn serves as the town's social hub, where locals enjoy breakfast buffets, karaoke nights, and fish fries. Residents appreciate the balance of nature and community, with homes ranging from mid-20th century ranch-style and split-level houses to log cabins and lakefront properties. Lakeland is known for its serene environment, with the St. Croix River providing opportunities for boating and watersports, including rentals at Beanie’s Marina and classes at Zen Watersports. Crocker Park is a local favorite for baseball games and playground activities. Students attend highly rated schools such as Oak-Land Middle School and Stillwater Area High School, which offers career exploration programs. For shopping, residents often head to Hudson, WI, just across the river, where supermarkets and community-owned grocery stores like Hudson Grocery Cooperative are located. Lakeland is car-dependent, with St. Paul 16 miles away and Minneapolis 26 miles away, making commuting to the Twin Cities common. The annual Belwin Bison Festival in May is a highlight, featuring live music, food trucks, and a 5k fun run.

Frequently Asked Questions

How much does it cost to rent a home in Lakeland, MN?
The median rent for a home in Lakeland, MN is $1,550 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Lakeland, MN?
To comfortably afford the median rent in Lakeland, MN, a household needs to earn roughly $62,000 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 $1,550 per month in Lakeland, MN, renters typically need to show $4,650 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 Lakeland, MN?
In Lakeland, MN, the price-to-rent ratio is 20.4, 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 Lakeland, MN are best for renting a home?
The best neighborhood for renting in Lakeland, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Vista Hills, Troy, Kinnickinnic, Warren and Beaver Lake, each with its own character and price range.

Rental Home Trends in Lakeland, MN

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,550
Median Single Family Home Rent
$2,100
Median Condo Rent
$1,000
How to Rent a Home