559-599 N Maple St
EllsworthWI54011
Cheap Homes for Rent in Lake City, MN from $1,000 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Lake City.
28 6th Ave SE
RochesterMN55904
3607 10th Ln NW
RochesterMN55901
2120 Valleyhigh Dr NW
RochesterMN55901
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.
366 Elton Hills Dr NW
RochesterMN55901
2959 Monroe Dr NW
RochesterMN55901
710 W 4th St
Red WingMN55066
707 11th Ave NE
RochesterMN55906
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.
4214 13th Ave NW
RochesterMN55901
Showing Results 1-9, Page 1 of 1
Lake City, MN Local Guide
Train by the river by Jerry Huddleston 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 | $1,430 | $1,095 | $1,700 |
| Lake City 3 Bedroom Homes for Rent | $2,066 | $1,450 | $2,800 |
| Lake City 4 Bedroom Homes for Rent | $2,605 | $2,100 | $4,900 |
| Lake City 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RIVERS EDGE RESIDENCES | 1 BED 1 BATH | 1BR,1BA | $775 |
| Dunn County | One Bedroom | 1BR,1BA | $836 |
| Essex Place | One Bedroom - Finch | 1BR,1BA | $970 |
Best Value Apartments for Rent in Lake City, MN and Nearby
As of May 24, 2026 the best value apartment in the Lake City area is the $1.19 price per square foot 3 x 2 Model at River Glen in the in the North Rochester neighborhood starting from $1,665. The second greatest value Lake City apartment is the 3 Bedroom Model at Georgetowne Homes starting at $1,620 with a $1.19 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River Glen | 3 x 2 | 3BR,2BA | $1.19 |
| Georgetowne Homes | 3 Bedroom | 3BR,2BA | $1.19 |
| Essex Place | Three Bedroom - Falcon | 3BR,2BA | $1.46 |
| The Gates of Rochester | Fitzgerald | 3BR,2BA | $1.34 |
| 301 Main Street South | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1.60 |
| Olympik Village Apartments | Ares | 2BR,1BA | $1.34 |
| Park Place Apartments | E | 1BR,1BA | $1.74 |
| The Bank | 1 Bedroom | 1BR,1BA | $1.69 |
| RIVERS EDGE RESIDENCES | 1 BED 1 BATH | 1BR,1BA | $1.14 |
| Dunn County | One Bedroom | 1BR,1BA | $1.67 |
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, MN
Frequently Asked Questions about Lake City
What type of rentals are currently available in Lake City?
There are currently 54 Apartments for Rent in Lake City, MN with pricing that ranges from $775 to $3,699. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake City ranging from $1,050 to $4,900.
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 $1,050 to $4,900 with an average monthly rent of $2,045.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.