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
/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

Minnesota Washington County Lakeland

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

There are currently 2 homes available for rent in Lakeland, MN. The median rent is $1,550 per month, with single-family homes renting at $2,100 and condos at $1,000.

Rental Home Trends

Number of Homes for Rent

Median Rent

$1,550

Median Single Family Home Rent

$2,100

Median Condo Rent

$1,000

How to Rent a Home

Rentals in Lakeland

Homes for Rent by Bedrooms in Lakeland

More About Living in Lakeland

Homes for Rent in Nearby Neighborhoods

Homes for Rent in Nearby Cities

Homes for Rent in Nearby Counties

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