Newest Homes for Rent in Lakeland, MN

/9
$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
Explore Lakeland
/16
$1,850

Total Monthly Price
- 2 Beds
- 1 Bath
- 1,800 Sq Ft
- Townhouse for Rent
383 Queenan Ave S, Lakeland, MN 55043

Welcome Home! Large Side x Side Lakeland Rambler Duplex - 2 Bedrooms 1 Bathroom w/ Laundry. Wood and tile floor throughout. Exceptional storage. Off street parking. Renter pays utilities (Electric, gas, trash, phone, cable, Internet). Very nice clean home in a private neighborhood. Nearby convenience stores, Subway, post office, barber, butcher shop, liquor store and restaurant. Bike to

383 Queenan Ave S, Lakeland, MN 55043

Minnesota Washington County

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 $1,975 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses 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 $79,000 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 $1,975 per month in Lakeland, MN, renters typically need to show $5,925 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 16.6, 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 Battle Creek, Warren, Kinnickinnic and Beaver Lake, each with its own character and price range.

Rental Trends in Lakeland, MN

There are currently 2 homes available for rent in Lakeland, MN. The median rent is $1,975 per month, with single-family homes renting at $2,100 and townhouses at $1,850.

Rental Home Trends

Number of Homes for Rent 2	Median Rent $1,975
Median Single Family Home Rent $2,100	Median Townhouse Rent $1,850

How to Rent a Home

Rentals in Lakeland

Homes for Rent by Bedrooms in Lakeland

2 Bedroom Homes for Rent in Lakeland

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