Cheap Homes for Rent in Lake City, IA from $700 (11 Rentals)

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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.

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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.

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Lake City, IA Local Guide

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 Cedar Crossing 2 priced from $200. Rolfe 20-Unit has the second lowest priced unit, which is a 2 Beds apartment currently listed from $500. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Crossing 21BR - 30% of Gross Income1BR,1BA$200
Rolfe 20-Unit2 Bedroom2BR,1BA$500
Woodland Park - Manson1 BR1BR,1BA$600
The BrizaGrand 1 Bedroom1BR,1BA$639
Valley Railroad Apartments2 bedroom2BR,1BA$645

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

As of July 15, 2025 the best value apartment in the Lake City area is the $0.53 price per square foot 3x3 Furnished Model at The Madison in the in the Fountainview neighborhood starting from $574. The second greatest value Lake City apartment is the 3 bedroom 2 Bath Model at Alpine Manor Apartments starting at $999 with a $0.97 price per square foot in the Eagle Ridge 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.
The Madison3x3 Furnished3BR,3BA$0.53
Alpine Manor Apartments3 bedroom 2 Bath3BR,2BA$0.97
William Pointe by KadingVilla3BR,1BA$0.91
Valley Railroad Apartments2 bedroom2BR,1BA$0.67
Western Hills Apartments2 Beds, 2 baths2BR,2BA$1.05
SUNDANCE BOONE APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$1.08
Summerset Apartments2 Beds, 1 bath2BR,1BA$1.09
Rolfe 20-Unit2 Bedroom2BR,1BA$0.82
Cedar Crossing 21BR - 30% of Gross Income1BR,1BA$0.33
The BrizaGrand 1 Bedroom1BR,1BA$1.07

Quick Rent Budget Calculator

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Frequently Asked Questions about Lake City

What type of rentals are currently available in Lake City?

There are currently 56 Apartments for Rent in Lake City, IA with pricing that ranges from $404 to $2,370. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake City ranging from $715 to $2,800.

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 $715 to $2,800 with an average monthly rent of $1,466.

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 $519 to $2,370, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $404.

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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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.

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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.