505 1/2 11th St
BooneIA50036
Cheap Homes for Rent in Lake City, IA from $400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Lake City.
335 Elm St
BarnumIA50518
334 Center St
BarnumIA50518
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.
5504 Kansas Dr
AmesIA50014
211 S Green St
MadridIA50156
506 3rd St NW
Fort DodgeIA50501
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.
4008 Ontario St
AmesIA50014
Showing Results 1-7, Page 1 of 1
Lake City, IA Local Guide
Wind turbine in the fields by Don Graham is licensed under CC BY 2.0
How much does it cost to rent a home in Lake City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake City 2 Bedroom Homes for Rent | $1,002 | $825 | $1,200 |
| Lake City 3 Bedroom Homes for Rent | $1,603 | $950 | $2,500 |
| Lake City 4 Bedroom Homes for Rent | $1,758 | $1,000 | $2,200 |
Browse Top Homes for Rent in Lake City
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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 1 Bed unit found at The Rolfe priced from $495. Briza has the second lowest priced unit, which is a 1 Bed apartment currently listed from $647. Here is today’s list of the most affordable Lake City apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Rolfe | 1 Bedroom | 1BR,1BA | $495 |
| Briza | Grand 1 Bedroom | 1BR,1BA | $647 |
| 2902 Iowa St | 2 bedroom | 2BR,1BA | $695 |
Best Value Apartments for Rent in Lake City, IA and Nearby
As of June 11, 2026 the best value apartment in the Lake City area is the $1.03 price per square foot 3515 Lincoln Way ( 4 bdrm ) Model at Walnut Ridge in the in the Eagle Ridge neighborhood starting from $2,000. The second greatest value Lake City apartment is the 4 Bedroom Model at 2902 Iowa St starting at $825 with a $0.75 price per square foot . 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. |
|---|---|---|---|
| Walnut Ridge | 3515 Lincoln Way ( 4 bdrm ) | 4BR,3BA | $1.03 |
| 2902 Iowa St | 4 Bedroom | 4BR,2BA | $0.75 |
| The Madison | 3x3 Unfurnished | 3BR,3BA | $0.49 |
| William Pointe by Kading | Villa | 3BR,1BA | $0.91 |
| Cedar Pointe | Villa | 3BR,1BA | $1.04 |
| Furman Western Hills | 2BR 2BA | 2BR,2BA | $1.02 |
| Fair View | Cottage - 2 | 2BR,1BA | $1.00 |
| SUNDANCE BOONE APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.08 |
| The Rolfe | 2 Bedroom | 2BR,1BA | $0.97 |
| Briza | Grand 1 Bedroom | 1BR,1BA | $1.08 |
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.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
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See the most popular apartments and homes in Lake City, IA
Frequently Asked Questions about Lake City
What type of rentals are currently available in Lake City?
There are currently 63 Apartments for Rent in Lake City, IA with pricing that ranges from $429 to $2,300. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake City ranging from $495 to $2,500.
What is the current price range for Rental Homes in Lake City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake City ranges from $495 to $2,500 with an average monthly rent of $1,176.
How much are larger Three and Four Bedroom Rentals in Lake City?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake City range from $499 to $1,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $429.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.