Cheap Apartments for Rent in Lake City, MN from $700 (33 Rentals)

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

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Lake Pepin
1 to 2 Bedroom Apartments

Lake Pepin

221 N Franklin StLake City, MN 55041
Senior Living
  • Utilities Included
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Underwood Terrace
2 to 3 Bedroom Apartments

Underwood Terrace

515 N 10th StLake City, MN 55041
  • Utilities Included
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The Gates of Rochester
$989 - $1,359
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$930 - $1,300
Required Monthly Fees
$59
Total Monthly Price
$989 - $1,359
1 to 3 Bedroom Apartments Available Now

The Gates of Rochester

2015 41st St NWRochester, MN 55901
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Avanti
Rent Specials
$1,085 - $2,155
Total Monthly Price

Total Monthly Price

Base Rent
$1,025 - $2,095
Required Monthly Fees
$60
Total Monthly Price
$1,085 - $2,155
Studio to 2 Bedroom Apartments Available Now

Avanti

314 W 4th StRed Wing, MN 55066
Furnished
  • Verified
  • Utilities Included
  • Smoke Free
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Winchester Apartments & Townhomes
Rent Specials
$1,110 - $1,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,060 - $1,150
Required Monthly Fees
$50
Total Monthly Price
$1,110 - $1,200
1 to 3 Bedroom Apartments Available Now

Winchester Apartments & Townhomes

3908 19th Ave NWRochester, MN 55901
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Nue 52
$1,275 - $1,510
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Nue 52

6717 Gaillardia Dr NWRochester, MN 55901
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Dunn County
1 Bedroom Apartments

Dunn County

2634 460th StMenomonie, WI 54751
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Eagle Ridge Apartments
2 to 3 Bedroom Apartments

Eagle Ridge Apartments

582 Tyler Rd SRed Wing, MN 55066
  • Utilities Included
property at 1107 5th Ave NW

$1,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Home for Rent

Available Now

1107 5th Ave NW

RochesterMN55901
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Crossing Meadows
1 to 2 Bedroom Apartments

Crossing Meadows

739-819 Lucas LnEllsworth, WI 54011
Senior Living
  • Utilities Included
property at 111 8th Ave SE

$1,085

Total Monthly Price

Total Monthly Price

Base Rent
$1,085
Total Monthly Price
$1,085

2 Bedroom, 1 Bath Townhome for Rent

Available Now

111 8th Ave SE

RochesterMN55904

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 2011 Viking Dr NW

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

3 Bedroom, 1 Bath Home for Rent

Available Feb 1

2011 Viking Dr NW

RochesterMN55901
Showing Results 1-33, Page 1 of 1

Lake City, MN Local Guide

Cheapest Available Lake City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake City, MN is a 1 Bed unit found at RIVERS EDGE RESIDENCES priced from $775. Dunn County has the second lowest priced unit, which is a 1 Bed apartment currently listed from $836. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RIVERS EDGE RESIDENCES1 BED 1 BATH1BR,1BA$775
Dunn CountyOne Bedroom1BR,1BA$836
The Gates of RochesterCarlyle1BR,1BA$989
Great River Apartments2 Bedroom 1 Bath2BR,1BA$993
Rochester Heights1 Bedroom B1BR,1BA$1,049
Green Arbor Commons2 Beds, 1 bath2BR,1BA$1,050
Park Place PlazaA2Studio,1BA$1,055
AvantiStudio AStudio,1BA$1,085
Essex PlaceOne Bedroom - Finch1BR,1BA$1,100
Winchester Apartments & TownhomesWilson2BR,1BA$1,110

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

As of January 08, 2026 the best value apartment in the Lake City area is the $1.36 price per square foot 3 Bedroom Model at River Glen in the in the North Rochester neighborhood starting from $1,900. The second greatest value Lake City apartment is the 3 Bedroom Model at Georgetowne Homes starting at $1,550 with a $1.14 price per square foot in the Northwest Rochester 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.
River Glen3 Bedroom3BR,2BA$1.36
Georgetowne Homes3 Bedroom3BR,2BA$1.14
Winchester Apartments & TownhomesPemberton3BR,1.5BA$1.26
Dakota TownhomesThree Bedroom3BR,1.5BA$1.22
Olympik Village ApartmentsApollo3BR,2BA$1.20
Nue 522BD/2BA2BR,2BA$1.26
Green Arbor Commons2 Beds, 1 bath2BR,1BA$1.05
Harvestview Place II2 Bedroom2BR,2BA$1.34
Great River Apartments2 Bedroom 1 Bath2BR,1BA$1.34
RIVERS EDGE RESIDENCES1 BED 1 BATH1BR,1BA$1.14

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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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.

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

Explore Lake City, MN Rentals by Map

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See the most popular apartments and homes in Lake City, MN

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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 Park Place Plaza listed at $1,055.

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

The lowest price for a Cheap One Bedroom Lake City Apartment is $775 at RIVERS EDGE RESIDENCES.

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 $825 at RIVERS EDGE RESIDENCES.

What is the most affordable Lake City Three Bedroom Apartment?

The best deal on a cheap Lake City Three Bedroom Apartment rental is at Essex Place and starts from $1,375.

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!