Cheap Apartments for Rent in Lake City, MN from $600 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake City.
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.

The Gates of Rochester

Forte Living of Rochester: 55+ Community!

Winchester Apartments & Townhomes

Olympik Village Apartments

Avanti

Rochester Heights
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.

Park Place Plaza

Park Place Apartments

Bella Grove

Northern Valley Apartments
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.

535 W Kinne St

614 Centennial St
Lake City, MN 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 | $1,327 | $1,001 | $1,550 |
Lake City 1 Bedroom Apartments | $1,605 | $750 | $2,536 |
Lake City 2 Bedroom Apartments | $2,020 | $603 | $3,786 |
Lake City 3 Bedroom Apartments | $1,618 | $859 | $3,865 |
Browse Top Apartments in Lake City
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Lake City, MN Local Guide
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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 River's Edge priced from $750. Great River has the second lowest priced unit, which is a 1 Bed apartment currently listed from $905. Here is today’s list of the most affordable Lake City apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
River's Edge | One Bedroom | 1BR,1BA | $750 |
Great River | 1 Bed, 1 Bath | 1BR,1BA | $905 |
The Gates of Rochester | Carlyle | 1BR,1BA | $905 |
Crossing Meadows | 50/1/H | 1BR,1BA | $999 |
Forte Living of Rochester: 55+ Community! | Blue Jay | Studio,1BA | $1,001 |
Best Value Apartments for Rent in Lake City, MN and Nearby
As of June 18, 2025 the best value apartment in the Lake City area is the $1.18 price per square foot 3 Bedroom Model at Georgetowne Homes in the in the North Rochester neighborhood starting from $1,600. The second greatest value Lake City apartment is the 3 Bedroom Model at Harvestview Place II starting at $1,595 with a $1.30 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Georgetowne Homes | 3 Bedroom | 3BR,2BA | $1.18 |
Harvestview Place II | 3 Bedroom | 3BR,2BA | $1.30 |
French Creek Townhomes | Willow Townhome | 2BR,1.5BA | $1.56 |
Dakota Townhomes | Two Bedroom | 2BR,1BA | $1.32 |
Olympik Village Apartments | Ares | 2BR,1BA | $1.17 |
Essex Place | One Bedroom - Finch | 1BR,1BA | $1.56 |
Crossing Meadows | 60/1 | 1BR,1BA | $1.33 |
The Gates of Rochester | Carlyle | 1BR,1BA | $1.27 |
River's Edge | One Bedroom | 1BR,1BA | $1.11 |
Great River | 1 Bed, 1 Bath | 1BR,1BA | $1.51 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake City, MN Rentals by Map
See the most popular apartments and homes in Lake City, MN
Getting Around Lake City, MN
Walk Score®
38 / 100
Car-Dependent
Most errands require a car
Bike Score®
44 / 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
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 $750 at River's Edge.
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 $850 at River's Edge.
What is the most affordable Lake City Three Bedroom Apartment?
The best deal on a cheap Lake City Three Bedroom Apartment rental is at Dakota Townhomes and starts from $1,325.
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.

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.

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.

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.