
Cheap Apartments for Rent in Lake City, CO from $500 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake City.


12191 CO-145

28236 Co Rd H

Residences at Durango

Apex Studios

Total Monthly Price
Red Cliff

River Roost

227 N Ute Ave

1074 Cedar Way
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1768 1/2 W 3rd Ave

Total Monthly Price
The Junction

Summit View Terrace

SLICK ROCK APARTMENTS

Total Monthly Price
The Railyard at Rimrock

302 CO-291, Unit 3A

215 N Harrison St

Total Monthly Price
The Slate on 25

Total Monthly Price
The Landing on Horizon
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

412 Bastille Dr

Total Monthly Price
Copper Village Apartments

Total Monthly Price
Rya Suites

Total Monthly Price
Peppermill Lofts

Total Monthly Price
Gauge

Total Monthly Price
Skyline Apartments

444 E Montezuma Ave

The Residences at Dry Cedar Creek

Pagosa Spring Apartments
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

421 W 3rd St

Rendezvous Apartments

Riverbridge Apartments

Meadows Apartments

The Eddy Apartments

Basecamp

539 N Selig Ave

129 1/2 W 3rd St

266 S 9th St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

33 Lofty Ct

337A Brookhill Dr

274 S 10th St
Lake City, CO Local Guide

How much does it cost to rent an apartment in Lake City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake City Studio Apartments | $1,402 | $1,000 | $1,778 |
| Lake City 1 Bedroom Apartments | $2,072 | $900 | $2,360 |
| Lake City 2 Bedroom Apartments | $2,702 | $800 | $10,000+ |
| Lake City 3 Bedroom Apartments | $3,790 | $2,345 | $9,818 |
| Lake City 4 Bedroom Apartments | $3,562 | $3,562 | $3,562 |
Browse Top Apartments in Lake City
See all Apartments in Lake CityExplore Lake City
Lake City, CO Local Guide
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Cheapest Available Lake City Apartments for Rent and Nearby
 The cheapest available apartment rental in Lake City, CO is a Studio unit found at Residences at Durango in the Hawks Nest neighborhood priced from $1,100. Apex Studios has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here is today’s list of the most affordable Lake City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Residences at Durango | H0.1-60 | Studio,1BA | $1,100 |
| Apex Studios | Unfurnished | Studio,1BA | $1,150 |
| Red Cliff | A1 Loft | 1BR,1BA | $1,200 |
| River Roost | Studio A1 - Furnished | Studio,1BA | $1,350 |
| The Junction | Jackalope- 0BR/1BA | Studio,1BA | $1,420 |
| Summit View Terrace | 2BR/1.0BA | 2BR,1BA | $1,425 |
| SLICK ROCK APARTMENTS | 2BR/1.0BA | 2BR,1BA | $1,425 |
| Basecamp | One Bedroom | 1BR,1BA | $1,599 |
| Copper Village Apartments | The Bookcliff | 1BR,1BA | $1,625 |
| The Slate on 25 | Napa | 1BR,1BA | $1,633 |
Best Value Apartments for Rent in Lake City, CO and Nearby
As of April 15, 2026 the best value apartment in the Lake City area is the $1.69 price per square foot Middle Unit Model at Pomona Park Townhomes in the in the Appleton neighborhood starting from $2,457. The second greatest value Lake City apartment is the The Riverside - two bedroom two bath Model at The Railyard at Rimrock starting at $1,970 with a $1.78 price per square foot in the Appleton neighborhood. Here is today’s list of the best values for Lake City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pomona Park Townhomes | Middle Unit | 3BR,2.5BA | $1.69 |
| The Railyard at Rimrock | The Riverside - two bedroom two bath | 2BR,2BA | $1.78 |
| Peppermill Lofts | 2x1 895 | 2BR,1BA | $1.84 |
| Summit View Terrace | 2BR/1.0BA | 2BR,1BA | $1.68 |
| SLICK ROCK APARTMENTS | 2BR/1.0BA | 2BR,1BA | $1.70 |
| The Landing on Horizon | The Malone | 1BR,1BA | $2.47 |
| Copper Village Apartments | The Bookcliff | 1BR,1BA | $2.08 |
| The Slate on 25 | Napa | 1BR,1BA | $2.18 |
| Basecamp | One Bedroom | 1BR,1BA | $2.22 |
| Gauge | A1 | 1BR,1BA | $2.42 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake City, CO Rentals by Map
See the most popular apartments and homes in Lake City, CO
Frequently Asked Questions about Cheap Lake City Apartments
What is the Cheapest Studio apartment in Lake City?
Currently the most affordable Cheap Studio Apartment in Lake City is at Residences at Durango listed at $1,100.
How much is rent for a Cheap One Bedroom Lake City Apartment?
The lowest price for a Cheap One Bedroom Lake City Apartment is $1,200 at Red Cliff.
What is the lowest price for a Cheap Two Bedroom Lake City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake City is starting from $1,425 at SLICK ROCK APARTMENTS.
What is the most affordable Lake City Three Bedroom Apartment?
The best deal on a cheap Lake City Three Bedroom Apartment rental is at Pomona Park Townhomes and starts from $2,457.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.