Cheap Apartments for Rent in Lake City, MN from $600 (54 Rentals)

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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
$1,006 - $1,396
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$940 - $1,330
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Gates of Rochester

2015 41st St NWRochester, MN 55901
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Essex Place
Rent Specials
$1,025 - $1,805
Total Monthly Price

Total Monthly Price

Base Rent
$945 - $1,725
Required Monthly Fees
$80

Total Monthly Price
$1,025 - $1,805
1 to 3 Bedroom Apartments Available Now

Essex Place

937 41st St NWRochester, MN 55901
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

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.

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Winchester Apartments & Townhomes
$1,075 - $1,630
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,020 - $1,575
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Aug 4

Winchester Apartments & Townhomes

3908 19th Ave NWRochester, MN 55901
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
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Olympik Village Apartments
$1,090 - $1,445
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,005 - $1,360
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Jul 10

Olympik Village Apartments

402 31st StRochester, MN 55906
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
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The Bank
$1,185 - $2,645
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,130 - $2,590
Required Monthly Fees
$55

Total Monthly Price
$1,185 - $2,645
1 to 2 Bedroom Apartments Available Now

The Bank

222 Bush StRed Wing, MN 55066
Furnished
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  • Utilities Included
  • Smoke Free

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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The Downtown Plaza
$1,306 - $3,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,169 - $2,863
Required Monthly Fees
$137

Total Monthly Price
$1,306 - $3,000
1 to 2 Bedroom Apartments Contact Us For Availability

The Downtown Plaza

434 W 4th StRed Wing, MN 55066
Senior Living
  • Verified
  • Utilities Included
  • 3D Tour
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Songhill41- Rent Specials
Rent Specials
$1,325 - $1,975
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,900
Required Monthly Fees
$75

Total Monthly Price
$1,325 - $1,975
Studio to 2 Bedroom Apartments Available Now

Songhill41- Rent Specials

3345 41st St NWRochester, MN 55901
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Avanti
$1,355 - $1,860
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $1,800
Required Monthly Fees
$60

Total Monthly Price
$1,355 - $1,860
Studio to 1 Bedroom Apartments Available Now

Avanti

314 W 4th StRed Wing, MN 55066
Furnished
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  • Smoke Free
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Dakota Townhomes
Rent Specials
$1,450 - $1,600
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,370 - $1,520
Required Monthly Fees
$80

Total Monthly Price
$1,450 - $1,600
2 to 3 Bedroom Apartments Available Now

Dakota Townhomes

5041 Weatherstone Cir NWRochester, MN 55901
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  • Customer Reviewed
  • Utilities Included
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The Lodge at Overland
Rent Specials
$1,488 - $3,971
Total Monthly Price

Total Monthly Price

Base Rent
$1,415 - $3,898
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Lodge at Overland

6635 Lodge View Rd NWRochester, MN 55901
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Georgetowne Homes
Rent Specials
$1,525 - $1,875
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,445 - $1,795
Required Monthly Fees
$80

Total Monthly Price
$1,525 - $1,875
2 to 3 Bedroom Apartments Available Now

Georgetowne Homes

2670 Georgetowne Pl NWRochester, MN 55901
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  • Customer Reviewed
  • Utilities Included
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Trailside Acres 1
1 to 3 Bedroom Apartments

Trailside Acres 1

211-215 Sargent DrRed Wing, MN 55066
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Dunn County
1 Bedroom Apartments

Dunn County

2634 460th StMenomonie, WI 54751
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City Centre Apartments
1 to 2 Bedroom Apartments

City Centre Apartments

300 1st Ave SEPine Island, MN 55963
Senior Living
  • Utilities Included
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Malmquist Estates
1 to 3 Bedroom Apartments

Malmquist Estates

2622 Malmquist AveRed Wing, MN 55066
  • Utilities Included
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Crossing Meadows
1 to 2 Bedroom Apartments

Crossing Meadows

739-819 Lucas LnEllsworth, WI 54011
Senior Living
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Colonial Apartments
1 to 2 Bedroom Apartments

Colonial Apartments

417-423 27th St NERochester, MN 55906
  • 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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Eagle Ridge Apartments
2 to 3 Bedroom Apartments

Eagle Ridge Apartments

582 Tyler Rd SRed Wing, MN 55066
  • Utilities Included
property at 28 6th Ave SE

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Townhome for Rent

Available Now

28 6th Ave SE

RochesterMN55904
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Green Arbor Commons
1 to 2 Bedroom Apartments

Green Arbor Commons

1820-1858 37th St NWRochester, MN 55901
  • Utilities Included
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Nue 52
1 to 2 Bedroom Apartments

Nue 52

6717 Gaillardia Dr NWRochester, MN 55901
Corporate Housing
  • Utilities Included
property at 2120 Valleyhigh Dr NW

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Now

2120 Valleyhigh Dr NW

RochesterMN55901
property at 1872 Deerhaven Ln NE

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Home for Rent

Available Aug 10

1872 Deerhaven Ln NE

RochesterMN55906

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 Meadowlark Eco Cottages in the Pierce Far Eastern Suburbs neighborhood priced from $699. RIVERS EDGE RESIDENCES has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Lake City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Meadowlark Eco Cottages1 Bed, 1 bath1BR,1BA$699
RIVERS EDGE RESIDENCES1 BED 1 BATH1BR,1BA$775
Forte Living of Rochester: 55+ Community!Forte II- Blue JayStudio,1BA$1,001
Essex PlaceOne Bedroom - Finch1BR,1BA$1,025
Great River Apartments3 Bedroom 1 Bath3BR,1BA$1,070
Rochester Heights1 Bedroom B1BR,1BA$1,099
Pleasant Ridge ApartmentsTwo Bed2BR,2BA$1,120
The Bank1 Bedroom1BR,1BA$1,185
Park Place ApartmentsF1BR,1BA$1,190
Crown Apartments1 Bed 1 Bath-First Floor1BR,1BA$1,300

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

As of July 10, 2026 the best value apartment in the Lake City area is the $1.09 price per square foot 3 Bedroom Model at Harvestview Place II in the in the Northwest Rochester neighborhood starting from $1,569. The second greatest value Lake City apartment is the 3 x 2 Model at River Glen starting at $1,665 with a $1.19 price per square foot in the North 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.
Harvestview Place II3 Bedroom3BR,2BA$1.09
River Glen3 x 23BR,2BA$1.19
Dakota TownhomesThree Bedroom3BR,1.5BA$1.25
Georgetowne Homes2 Bedroom Income Restricted2BR,2BA$1.28
Essex PlaceThree Bedroom - Falcon3BR,2BA$1.51
301 Main Street South2 Bedrooms, 2 Bathrooms2BR,2BA$1.60
The Gates of RochesterFitzgerald3BR,2BA$1.35
Great River Apartments3 Bedroom 1 Bath3BR,1BA$1.13
Pleasant Ridge ApartmentsTwo Bed2BR,2BA$1.23
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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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.

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

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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 Forte Living of Rochester: 55+ Community! listed at $1,001.

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

The lowest price for a Cheap One Bedroom Lake City Apartment is $699 at Meadowlark Eco Cottages.

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 Meadowlark Eco Cottages and starts from $969.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.