
Cheap Apartments for Rent in Lake City, CO from $400 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake City.


Residences at Durango

709 E 2nd St
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.

101-107 W Bridge St

164 Valley View Dr
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.
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 | $1,263 | $558 | $1,800 |
Lake City 1 Bedroom Apartments | $1,659 | $421 | $2,154 |
Lake City 2 Bedroom Apartments | $2,687 | $655 | $10,000+ |
Lake City 3 Bedroom Apartments | $3,571 | $698 | $10,000+ |
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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 1 Bed unit found at Rendezvous Apartments priced from $421. Residences at Durango in the Hawks Nest neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $593. Here is today’s list of the most affordable Lake City apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rendezvous Apartments | 1 Bedroom apartment complex | 1BR,1BA | $421 |
Residences at Durango | H1.1-30 | 1BR,1BA | $593 |
Red Cliff | A1 Loft | 1BR,1BA | $1,295 |
Best Value Apartments for Rent in Lake City, CO and Nearby
As of August 30, 2025 the best value apartment in the Lake City area is the $1.96 price per square foot Two Bedroom Model at Basecamp in the starting from $1,955. The second greatest value Lake City apartment is the 2x1 900 SF Model at Peppermill Lofts starting at $1,595 with a $1.77 price per square foot in the Horizon 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. |
---|---|---|---|
Basecamp | Two Bedroom | 2BR,2BA | $1.96 |
Peppermill Lofts | 2x1 900 SF | 2BR,1BA | $1.77 |
SLICK ROCK APARTMENTS | 2BR/1.0BA | 2BR,1BA | $1.67 |
The Slate on 25 | Malone | 1BR,1BA | $2.18 |
The Railyard at Rimrock | The Mallone - one bedroom one bath | 1BR,1BA | $2.16 |
Rendezvous Apartments | 1 Bedroom townhome style | 1BR,1BA | $1.12 |
Confluence At Three Springs | Cascade #4 Platinum | 1BR,1BA | $2.87 |
Rocket Pointe | A1-Fuji | 1BR,1BA | $3.11 |
The Landing on Horizon | The Abbey | Studio ,1BA | $2.46 |
Red Cliff | A1 Loft | 1BR,1BA | $2.88 |
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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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $421 at Rendezvous Apartments.
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 $888 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.

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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.