Cheap Apartments for Rent in Lake City, CO from $500 (6 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake City.

Don'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.

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.

Lake City, CO Local Guide

Cheapest Available Lake City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake City, CO is a 2 Beds unit found at Rendezvous Apartments priced from $1,100. Residences at Durango in the Hawks Nest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rendezvous ApartmentsModel Unit2BR,1BA$1,100
Residences at DurangoH0.1-60Studio,1BA$1,175
River RoostA1Studio,1BA$1,205

Best Value Apartments for Rent in Lake City, CO and Nearby

As of October 15, 2025 the best value apartment in the Lake City area is the $1.78 price per square foot 2x1 895 Model at Peppermill Lofts in the in the Horizon neighborhood starting from $1,595. The second greatest value Lake City apartment is the 2BR/1.0BA Model at Summit View Terrace starting at $1,425 with a $1.68 price per square foot in the Central Grand Junction neighborhood. Here is today’s list of the best values for Lake City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Peppermill Lofts2x1 8952BR,1BA$1.78
Summit View Terrace2BR/1.0BA2BR,1BA$1.68
SLICK ROCK APARTMENTS2BR/1.0BA2BR,1BA$1.67
Copper Village ApartmentsThe Bookcliff1BR,1BA$2.08
The Slate on 25Napa1BR,1BA$1.99
GaugeA11BR,1BA$2.40
The Landing on HorizonThe AbbeyStudio ,1BA$2.46
The JunctionJackalope- 0BR/1BAStudio ,1BA$3.08
Red CliffA1 Loft1BR,1BA$3.10
Residences at DurangoH0.1-60Studio ,1BA$3.30

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Lake City, CO

Walk Score®

20 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 $1,175.

How much is rent for a Cheap One Bedroom Lake City Apartment?

The lowest price for a Cheap One Bedroom Lake City Apartment is $1,254 at Residences at Durango.

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 $1,100 at Rendezvous Apartments.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.