
Cheap Apartments for Rent in Lake City, IA from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake City.


College Creek Apartments

Western Hills Apartments

Hickory Ridge Apartments

Boone Park Apartments

West Field Apartments
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1495 17th St SW

952 S 22nd St

414 Ave G

226 Hawkeye Ave

116 Shepard St

206 W 4th St
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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.

521 W High St
Lake City, IA 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 | $819 | $670 | $1,390 |
Lake City 1 Bedroom Apartments | $923 | $675 | $1,100 |
Lake City 2 Bedroom Apartments | $1,021 | $599 | $1,699 |
Lake City 3 Bedroom Apartments | $1,049 | $519 | $2,370 |
Lake City 4 Bedroom Apartments | $699 | $409 | $2,280 |
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Lake City, IA Local Guide
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Cheapest Available Lake City Apartments for Rent and Nearby
 The cheapest available apartment rental in Lake City, IA is a 2 Beds unit found at Rolfe 20-Unit priced from $500. Woodland Park - Manson has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Lake City apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $500 |
Woodland Park - Manson | 1 BR | 1BR,1BA | $600 |
College Creek Apartments | Studio, 1 bath | Studio,1BA | $670 |
Western Hills Apartments | 1 Bed, 1 bath | 1BR,1BA | $745 |
Summerset Apartments | 2 Beds, 1 bath | 2BR,1BA | $800 |
Best Value Apartments for Rent in Lake City, IA and Nearby
As of July 31, 2025 the best value apartment in the Lake City area is the $1.06 price per square foot 3 BR 2.5 BA Model at Perry Townhomes in the starting from $1,495. The second greatest value Lake City apartment is the 3x3 Furnished Model at The Madison starting at $574 with a $0.53 price per square foot in the Fountainview 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. |
---|---|---|---|
Perry Townhomes | 3 BR 2.5 BA | 3BR,2.5BA | $1.06 |
The Madison | 3x3 Furnished | 3BR,3BA | $0.53 |
Alpine Manor Apartments | 3 bedroom 2 Bath | 3BR,2BA | $0.97 |
Anna's Grove by Kading | Villa | 3BR,1BA | $1.09 |
William Pointe by Kading | Villa | 3BR,1BA | $0.91 |
Western Hills Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.05 |
SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
Seneca Place Apartments | 2 Bedroom | 2BR,1BA | $1.12 |
Summerset Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.09 |
Rolfe 20-Unit | 2 Bedroom | 2BR,1BA | $0.82 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Lake City, IA
Walk Score®
21 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
36 / 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
How much is rent for a Cheap One Bedroom Lake City Apartment?
The lowest price for a Cheap One Bedroom Lake City Apartment is $600 at Woodland Park - Manson.
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 $500 at Rolfe 20-Unit.
What is the most affordable Lake City Three Bedroom Apartment?
The best deal on a cheap Lake City Three Bedroom Apartment rental is at William Pointe by Kading and starts from $920.
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.