Apartments for Rent in Medicine Lake, MN

Prices and availability in Medicine Lake, MN were last updated on 1 Aug 2026.

The best apartment in Medicine Lake, MN is: Medicine Lake Cottages.

The average rent in Medicine Lake, MN is $1,500.

In Medicine Lake, 19% of the residents are renting compared to 81% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Medicine Lake's rentals, 48% are small-scale complexes with under 50 units, and 52% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Medicine Lake are about 41 years old, on average. Of these, 17% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 90% of the rental communities here are low-rise, garden-style communities, 10% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Medicine Lake come in a range of sizes and floorplans. Studio apartments represent 4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 42% of the total apartments in the city, while 2-bedroom floorplans represent around 49% of all rentals in Medicine Lake. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.